90105585 - Laserfiche WebLink

Browse

r I 1 F 90--- 105585 NONUNIFORM COVENANT'S. Borrower and Lender further covenant and agree as follows: 19. AceeMratioai Remedies. Lender abdl give notice to Borrower prior to acceleration following Borrower's btweb of any covensat or alp moment in ibis iiectrity Iatgraeidarrt (but not prior to seceleratlon under paragraphs 13=W 17 dwlsss appIleable law provides otherwise). The notice siaB specify: (a) the defiulh (b) the action required to cure the dataalt; (c) a date, not Ims ducts 30 days front tie"the notice Is given to Borrower, by which the default must be cured; sad (d) that fallure to care the default on or before the date specified in the notice may result In acceleration of the some IF - I i by tile Security Instrument and sale of Use Property. The notice shall btrther inform Borrower of the right to reinstate alter acceleration aid the right to bring a court action to assert the non- existeace of ■ default or any other it m of Harrower to acceleration and ask. It the default Is mot cured on or before the date speeifled In the notice, lender at its option way rsgtlre immediate payment In fall of a!1 sums secured by this Security Instrument without further dermand sad way Involte the power of sue and my other remedks permitted by applicable law. Lender shall be entitled to collect sB expenses incurred in pursalag the re nedies provided in this paragraph 14, bcludla& but not limited to, roa soar" attaraeye feet std cosh of due eddesm. It the power of sale le invoiced, Trustee shall raord a notice of elethelt is each cosmty b which any part of the Property Is located and shall mail copies of sacb notice In the manner prescribed by applicable law to Borrower amt to the other peraom prescribed by aWleabk kw. After the time required by applicable law, Trustee shall give public notice of sak to the persons and is ties twmer prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated In One notice of sale in ewe or more parcels sad in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public antotuemeat at dw time and place of sty previously sdiedaed sale. Lender or Its designee my purchase the Property at say sale. Upon receipt of payment of the price bid. Trntstee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals is the Trustee's deed shelf be prises facie evidence our tide truth of the statements made therein. Thutee shall apply the p womb of the sale in the following order. (a) to alll expeases of the sale, including, but not limited to, Trustee's fees as petr~tt Wed by appWable law and reasonable attorneys' fees; (b) to all sums acured by this Security lastrus sek ;, awl (c) any excess to the person or persons legally entitled to it. 20. •Under in Posasslon. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management V the Property and collection of rents, including, but not limited to. reoeiver's fees, premiums on receiver's bonds and rea.witable attorneys' fees, and then to the sums w. Lured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to reconvey the Property and shall) surrender this Security Instrument and aill nee _s evidencing debt secured by this Security Instrument to Trustee. Trustee sbail reconvey the Property without warruntti and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordat ion costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the soured. in which this Security I ast,ument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the - title. power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riders to this Security lastrument. If one or more riders are excewed by Borrower and recorded together with this Security Instrument. the covenants and agreements of each such rider ,hall he incorporated into :end shall amend and supplement the covenants and agreements of this Security Instrument as it the ride:eYt) were a part of this Security Instrument. (Check applicable box(es)) rJ Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider Graduated Payment Rider ['' Planned Unit Development Rider © Otbws) (specify) ACV=WLEDG1=NT BY SIGNING L ruow. Borrower accepts and agrees to t terms and covenan c maaaty/ /his Security Instrument and in any rifle r(s) executed by Borrower and recorded �C1t it ..� ...... �......... ..(Sear 7 WAYN" OTTER L ...... ............ . i. -41ormwer LLyDA SUE POTTER - eoiowef Is"M lifto riot lrst Veer A"""bymaN) STAT6 OF ....... FAO M$M .............. . SS: courrr y of ....... wh ................ . 111110 foregoing instrument was acknowledged before me this.......... r (elate) by .......6f+11N. W(+XNf:..f;OxTi~R .411'lI?. 1NtiA. SIJ� 1'gT R e , IJSgAND AND WIFE Wersou(s) ack led" My Commission expires: 04/06/94 i IV ttitw ft ftd41191 Notar> I'nblt� *nil instrument was prcp►red by ..................................................... ........................... 7 i J