88106984 - Laserfiche WebLink

Browse

88- 106984 NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Ace.leratlon; Remedies. Lender ohaIl gI,e notlee 10 Borrower prior 10 acceleration following Borrower's breacb of any co..nanl or agreemenlln Ibis Seeurlty Instrument (bul nol prior to acceleration under paragraphs 13 and 17 unless applicable law pro,ldes otbenom). The nollce sball specify: (a) the default; (b) Ibe aclion required 10 cure Ibe dr.fauli; (e) a date, nolless than 30 days from the date the uolicc is giveu 10 Borrower, by wbic~ the derault must be cured; and (d) tbat fallure to cure the derault on or before the date specified in tbe nolice may r.,,,1t in acceleratioll of the sums secured by t!tis Security Instrumenl and sale of the Property. The nolice shall funDer inform Bnrrower of Ihe righl 10 relnstale after aceeleratiou and Ibe right 10 bring a court action 10 assert Ibe non-exislence of a default or any olber derense of Borro..er to aeceleraliou and sale. If Ibe derault is not cured on or berore Ibe dale specified in Ibe notice, Lender at its oplion may .~ulre immediate payment in full of all sums secured by this Security Instrumenl withoul further demand and may In,oke the power of sale and any oilier remedh", pennitled by ap)jllicable law. Lender shall be entitled 10 collect all expenses incurred in pursuing the remedies pro,ided in this paragrapb 19, i..eluding, but not limiled 10, reasonable allorneys' fees and costs uf title evidence. If the power of sale is invoked, Truslee sball record a nolice of defaull in eacb county in which any part of the Property is located and sball mail copies of sueb nolice in Ibe manner preseribed by applicable law I.. Borrower and to Ihe other persons preseribed by applleable law. After tbe lime required by applicable law, Trustee sball give public notice of sale 10 tbe persons and in tbe manner prescribeti by applicable law. Trustee, withoul demand on Dqrrower, shall sell the Property al public auction 10 Ibe bighesl bidder al the time and place and under the terms designated in the notice of sale in oJle or more parceis and in any order Trustee detennines. Truslee may postpone sale of all or any puce! of the Property by public announcemenl at Ibe time and place of any previously scbeduled sale. Lender or its designee may purchase tbe Property at any sale. Upon reeeipl of paymenl of the price bid, Trustee sball deliver 10 the purchaser Trustee's deed eonveying the Property. The reeitals in the Trustee's deed sball be prima facie evidence of the truth of Ibe statements made therein. Trustee sball apply tbe proceeds of the sale in the following order: (a) to all expenses oCtbe sale., including, but nollimited 10, Truslee's fees as permilled by applicable law and reasonable allomeys' fees; (b) to all soms secured by this Security Instrument; and (c) any excess to the person or persons legally entitied 10 it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) sball be cntitled to enter upon, take possession of and manage the Properly and to collecltbe rents of the Property including tbose past due. Any rents collected by Lender or the receiver shall be applied first 10 payment of the costs of management of the Property and collection of rents. including. but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by Ihis Security Instrument. Lender shall request Trustee to reconvey the Pr:operty and shalJ surrender this Security Instrument and all notes e\'idencing debt secured by this Security Instrument to Tnistee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, ma} from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrumenl is recorded. Without conveyance of the Property, the successor trustee shall succeed to a11the.title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Nutices, Borrower requests tbat copies of the notices of default and sale be sent to Borrower's address which is the Property Address. Z4. Riders tu tbis Security Instrumenl. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] xI6l Adjustable Rate Rider 0 Condominium Rider " 2-4 Family Rider o Graduated Payment Rider 0 Planned Unit Development Rider XQ Other(s) [specify] Ackuowledgement of Power of Sale 5J"ATB OF N~?~~~~~........ ...... ......... } COUNTY OF ~:.,.........,............... 58: L My Commission expires: 1111& instrument ""'':U prep.sred by..... ;1.ql,l~. .1:~.~~!1. .1?.i~].!~~~!>.a.~~......................................... .........