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88105841
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88105841
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Last modified
3/9/2007 5:41:48 PM
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3/9/2007 4:42:52 AM
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DEEDS
Inst Number
88105841
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<br />88_105841 <br /> <br />NON. UNIFORM COVENANTS. Borrower Bnd Lender further covenant Bnd agree as follows: <br /> <br />19. AcceIeraIlDn; R.-... Lender sIWl sl,e DDllce to BDrrow.r prlDr to ....I.r.lIDn fDII.win8 BorrDwer'. <br />breacb of aay co,enant or qreemenlln this Security IDltrumenllbul Dul prior 10 accel.ratlDn und.r p.ragrapb.13 and 17 <br />unl... .ppllcable law prorides otherwlsel. The DOtlce sb.1I speelfy: I.) th. d.f.ult; lbl tb. ucllon r.qulr.d ID cure lb. <br />def.u1t; (0) a date, DOt I... \haD 30 daya from tile dale tile Dollce Is IIi..D (D BorrDwer, by whicb (h. def.ult must be .ured; <br />and (d) that failure to cure tile def.u11 on or befDre tile d.te specified In tile nolic. m.y resnlt In acceleration Df tile sums <br />secured by liIIs SecurIty Indnunent and sale Df tile Property. Th. notice sball further Inform BorrDwer Df Ibe right tD <br />reinstate after acceleration and the right to briDg a court action to assert the non~exfstence of a default or Bny other <br />def.... of Borrower tD ...eleratloD and sale.llt11e default Is not cured on Dr beforetll. date speclfi.d in tile noli... Lender <br />.tlls optlDn may reqolre Immediate payment In fuD of all sums secured by tbis Security Instrument wUhout further <br />demand and IDlY (n,oketlle po"er of sale and any o\ber remedies permitted by .ppllcablelaw. Lender sball be cntilled tD <br />collect aU expenses in.urred in punning tile remedies pro.lded In tills par.gr.pb 19. including. but nD( Iimit.d to. <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is iDvoked, Trustee shall record a notice of default in each county in which any part of the <br />Properly Is localed and sball mail copies of such nDllce in the manner prescribed by .pplicablel.w to BDrro"er and to tile <br />otller persons p.....n"bed by .pplicable"w, After Ibe lime required by applicable law, Truslee sball lIi.e poblic notice of <br />sale to the persons and III the manner prescribed by applicable Jaw. Trustee, without demand on Borrower, sball sell the <br />Properly at public .u.lIDn to tile hlgh..t bidder at tile lime and pl.ce and nuder tile terms deslaoated In tile nDtlce Df ..1. in <br />one or mDre parcels and in any order Trus(ee determines. Trustee m.y postpDne sale of.1I Dr any par..l Df tbe PrDperty by <br />publie announc:emeut at the time and plaee of any previously scheduled sale. Lender or its designee may purcbase the <br />PrDperty.t any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />PrDperIy. The recitals in tbe Trustee's deed sball be prim. facie evid.nce of tb. trotb of the stat.menls m.de therein. <br />Trustee sbaD apply tile proceeds of tile sale in tile fDDowing order: (a) to all expenses Df tile sale, includinG. bul nDt limited <br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Instrument; and (c) any excess to the pt:r&on or persons legally entitled to iL <br /> <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon. take possession of and manage the <br />Property and to collect the rents or the Property including those past due. 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 to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br /> <br />21. Reconyeyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Truslee to <br />reconvey the Property and shall surrender this Security Instrument and all noles evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons <br />legally entitled 10 it. Such person or persons shall pay any recordation costs. <br /> <br />12. 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 Ihe Property. the successor trustee shall succeed to all the title, power and duties conferred upon <br />Trustee herein and by applicablc law. <br /> <br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be senlto Borrower's address <br />which is the Property Address. Borrower funher requests that copies of the notice of defauIllJnd notice of sale be senl to each <br />person who is a party hereto at the address of such person set forth herein. <br /> <br />24. Riders to this 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 ritler(s) were a part of this Security <br />Instrument. [Check applicahlc 00'(05)] <br /> <br />o Adjustahle Rate Rider <br />o Graduated Payment Rider <br />o Otber(s) [specify) <br /> <br />o Condominium Rider <br />o Planned Unit Dcvclopment Rider <br /> <br />o 2-4 Family Rider <br /> <br />By SIGNING BELOW, Borrowcr accepts and agrees to the terms and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br /> <br /> <br />R'i"c~~';i.i?"'~~ii!~~~2 <br />~~~~;;":'&~""""'~~~2 <br /> <br />STATB OP NEDIlABKA...............Uall...................................................-..County B8: <br />On this ......28th-............. day of ....O~tobe.r........., 19-88.... before me, tbo undersigned. a NDtary Public <br />duly commissioned Il!ld qualified for said county, personally came .RiclJ.ar.d..R.....Ha,y.den...and..Bar.ba-l'.a.. <br />Ann..liaylien.._hu.s.bam1..amL~ife............................._.................................................... to me known to be the <br />identical person(s) whoss name(s) are subscribed to the foregoing instrument Il!ld acknowledged the execu- <br />tion thereof to be ...............:th.air.................................................................. voluntary act Il!ld deed. <br />Witness my hand Il!ld notarial seal at .............\lr..~.mL!.~J.gDQ.,...N~.~.r(\~!\9................. in said county. the <br />date aforesaid. <br /> <br />My Commission 4 . <br />1IB\L~:r~:~E~: .......~.....Jd?....~..(<:-~..................._.. <br />., CIIa EIJ. lilt n. l!1ll9 N..... PubII, <br />We ore Il!l Equal Employment Opportunlty I Affirmative Action Employer M/F. <br /> <br />. (SpKaI Below Thla l.Jne For Aclmo..ledlfMntl <br />
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