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90105909
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Last modified
10/20/2011 7:31:50 PM
Creation date
10/20/2005 9:50:30 PM
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DEEDS
Inst Number
90105909
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F <br />'t <br />1 <br />I <br />1 <br />L <br />1 <br />90 105909 <br />NON-UNIFORM QIIVENANTS Borrower and Lender further covenant and agree as follows: <br />19. Aecalertltloul Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any cotenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless applicable law provides otherwise). The notice shall spelt: (a) the default; (b) the action required to cure the <br />default; (c) a date, not ten than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified In the notice may result In acceleration of the sutras <br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration and the dght to bring a court action to assert the nonexistence of a default or any other <br />defense of Borrower to acceleration and sale. If the default Is not cured on or before the date specified in the notice, Lender <br />at its option may require immediate payment in full of all sums secured by this Security Instrument without further <br />demand and may Invoke the power of t de and any other remedies permitted by applicable law. Lender shall be entitled to <br />collect all expenses Incurred in pursuing the remedies prodded in this paragraph 19, including; but not limited to, <br />reasonable attonseye fees and costs of title evidence. <br />If the power of ode is invoked, Trustee shall record a notice of default In each county in which any part of the <br />Property is located mil shall atntil copies of such notice in the manner prescribed by applicable taw to Borrower and to the <br />other persons praaibed by applicable law. After the time required by applicable law. Trustee shall give public notice of <br />$ale to the persons sad In the mamser prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public suction to the highest bidder at the time and place and under the terms designated in the notice of sale to <br />one or more parcels and in nay order Trustee determines. Trustee my postpone sale of all or any parcel of the Property by <br />public announcement at the doe and place of nay preirioody sdwdoW sale. Lender or its designee may purchase the <br />Property at any ale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the salt`. including, but not limited <br />to, Trustte's fees as permitted by applicable law and reasonable attorneys' ices; (bl to all sums secured by this Security <br />iastrumeat; and (e) any excess to the person or persons legally entitled to it. <br />20. Lender la Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or ihy judicially appointed receiver) shall be entitled to enter upon. lake ptfs- w-sion of and manage the <br />Property and to collect the rents of the Property including 1hnase past Vitt. Any rents collected by Lender or the receiver <br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not <br />limited Ito, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveyaace. Upon payment of all ,arms mcured by this S"urity Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender lhv. Securty Instrument aratl all notes evidencing debt secured by this Security <br />�astracment to Trustee. Trustee shall reconvew the Prrpere. without warranty and without charge to the person or persons <br />legally entitled to it. Such person m persons shall pay any recordation costs. <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee <br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. <br />Without conveyance of the Property, the successor trustee shall succeed to all the title. power and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies of the notices of 4 J- cult and sale be sent to Borrower's <br />address which is the Property Address. <br />24. Riders wibis Security Instrument. IF one or more riders are executed by Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. (Check applicable box(es)] <br />❑ Adjustable Rate Rider (] Condominium Rider 2-4 Family Rider <br />❑ Graduated Payment Rider EJ Planned Unit Development Rider <br />LJ Other(s) [specify] <br />BY SIGNING BELOW. Borrower aecvpts and agrees to the terms and covenants oaatained in this SeeuOty <br />Instrument and in any rider(s) executed by Borrower and recorded wou.1. it. <br />........................... ............................ • � 1 <br />er; <br />
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