88104398 - Laserfiche WebLink

Browse

. 88- 104398 NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's breacb of any covenant or agreement in this Security Instrument (but not prior to l1cceleratlon under paragraphs 13 and 17 UDlea appUcable law proritles otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (e) a date, not less than 30 da)'ll from the date the notice Is given to Borrower, by which tbe default must be cured; and (d) tluIt failure to cure the default on or before the date specified In the notice may result in acceleration of the sums seeured by this Security IDstrument and sale of the Property. The notice shall further Inform Borrower of the right to reinstate after acc:eleration and the right to bring a court action to BSSert tbe non-exlstence of a default or any other def_ of Borrower to acc:eleration and sale. If the default Is not cured on or before the date spec:lfted in the notice, Lender at I" option may require immediate payment In full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collec:t all expenses incurred in pursuing the remedies prorided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and c:osts of title eYidence. If the power of sale Is'invoked, Trustee shall record a notice of default in each count'; In which any part of the Property Is located and shall mail copies of such notice in the DllDDer prac:ribed by applicable law to Borrower and to the other perlIODIl prescri!led by applicable la". After the time required by applicable law. Trustee sball give public notice of sale to the per;:ons and in the DllDDer presc:ribed by applicable law. Trustee, without demand on ~orrower, shall sell the Property at pubUe: auction to the highest bidder at the time and place and under the terms dcslllll8ted in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by pabUe annoDDCement at the time and place of any preriously scheduled sale, Lender or itl designee may purchase the Property at any sale. .Upon receipt of payment of the price bid, Trustee shall deliver to tbe purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie eyldence of the truth of the statementl made therein. Trustee shall apply the proc:eecls of the sale in the followinll order: <al to all expenses of the sale, Including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorney.' feel; (b) to all sums secured by this Security Instrument; and (e) any excess to the perlIOn or persons legally entitled to It. 20. Leader in P08Bl!8IIion. Upon acceleration under psragraph 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 thc Property and to collect thc rents of the Property including those past duc. Any rents collected by Lender or thc receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receivcr's bonds and reasonable attorncys' fees, and then to the sums secured by this Security Instrument. 21. Reconyeyance. Upon psyment of all sums secured by this Security Instrumcnt, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing dcbt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without chargc to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Snbstitnte Trustee. Lender, at its option, may from time to time rcmove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all thc title, power and duties confcrred upon Trustee herein and by applicablc law. 23. Request for Notices. Borrower requests that copies of the notices of dcfault and sale be sent to Borrower's address which is thc Property Address. Borrower further requests that copics of the notice of dcfault and notice of salc be sent to each per.;on who is a party hcre~ at thc address of such person set forth herein. 24. Riden to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenantl and agreements of each such rider shall be incorporated into and shall amend and supplement the covenantl and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(cs)] o Adjustable Rate Rider o Graduated Payment Rider o Other(s) [specify] o Condominium Rider o Planned Unit Development Rider o 2-4 Family Rider By SIGNING BEWW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) eJlecuted by Borrower and recorded with it. <. ..~?f.d{.:. . .~R. I" STATE Oil' NEBIL\!lKAh..___.Hall.............n.....nh.....~............~~~~.:!-.~~!..~~ On this ___.h..___..JQ~JL... day of .......~~~~.~~........, 19..~..~.., before me, the undersigoed, a Notary Public duly commissioned and qualified for said county, personally came ---................-..-......-...........---....-........... DlUl.ifll..ll......~ll;i.XI&..lm!LRQ~~.l~g_.~,._~n]J,;t.M,.~l}1IJ1!l1J..g..!mg.J!!..f.!l.l_........, to me known to be the identical person(e) whose name(s) are subscribed to the foregoing instrument and aclmowledlled the execu.. tion thereof to be ---.4;h&-:1,.I'....................................-...---......---.....------............. voluntary act and deed. Witness my hand er.d no at .............................~:-!.~~...~~~~.~~.....h............... in said county, the date aforesaid. . ~ ~..",;::\C... _d~sd.-:#.,g~----- e are an Equal Employment Opportunity I Affirmative Action EmplGyer M/F. .. ................(Seal) -80rmwer My - I.. (Spoce _ Thio Uno Far "<1,,_\0"-'1