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87101807
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Last modified
10/19/2011 4:22:39 AM
Creation date
3/27/2008 2:05:50 PM
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DEEDS
Inst Number
87101807
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r <br />s7�-- 101P,.7 <br />NoN- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as o 0 <br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant 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 specify: (a) the default; (b) the action required to care the <br />default; (c) a date, not less then 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 sums <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 right to bring a court action to assert the non - existence 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 farther <br />demand and may invoke the power of We and any other remedies permitted by applicable law. Lender shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a entice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and suds the terms designated in the notice of sale in <br />one or more parcels and in say order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled safe. Lender or its designee may purrbase the <br />Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall diver 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 tberdn. <br />Trustee shall apply the proceeds of the We in the following order (a) to aB expenses of the sale, including, but met limited <br />to, Trustee's fees as permitted by applicable law and reasonable aRtarneye fees; (b) to alt sums secured by this Seca ft <br />Insbument; and (c) any excess to the person or persons legally entitled to it <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (ice <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 of the Property including those past due. Any rents collected by tender 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 />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trusts to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall recouvey the Property without warranty and without charge to the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation oasts <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 />21 Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />24. Riders to this Security Inst umenL 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 Instruanent as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />Q Adjustable Rate hider Condominium Rider ['j 2-4 Family Rider <br />Graduated Payment Rider ❑ Planned Unit <br />❑ Other(s) Ispecdy] <br />BY SIGNING B6t -Ow, Borrower accepts and agrees to the tetras and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it <br />----- -- - -- (Seal) <br />ARLENE NETTEIBRiNt -a- <br />- - -- -- - - - - -- (seal) <br />-- ao.ro.er <br />iSpwe aebw Ths Lm Fw Ac w.WdVmmI <br />JialF C11 )11� . ..................... M M <br />tWKr Court,-, ss: <br />Or, this .. 1. f1..... day of ...A.P.r: l ............. 14. $7. , before nine, the <br />-Jndersigned, a NotarLyy Pu21.�i1C ^ iii`{ 0D I-t1SS?o` led at -A: ��1ii =�u for said county, <br />personally came ..ARLE.. ....t....._A SINGLE PERSON ......................... <br />................... ............................... to me knows? to be the <br />identical person e <br />s) whose nams) are subscribed to the foregoing instnunent <br />and acknowledged the execution thereof to be ...lam....... voluntary act and <br />Witness my hand and notarial seal at ...J !i�L�- u-�..... in <br />said county, the date aforesaid.... <br />Not-a--%, Pub' ............. . <br />j cormission Expires: <br />�„ S -(7-10 <br />
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