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87103990
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87103990
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Last modified
10/19/2011 9:24:02 AM
Creation date
3/27/2008 2:30:32 PM
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DEEDS
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87103990
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a <br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. A,ccaleratkm; Romedles. Leader shall give notice to Borrower prior to acceleration following Borrower's <br />branch of Any covenant or Agreement In thle .Security Instrumeat (bat not prior to acceleration under paragraphs 13 and 17 <br />rules pplbsirle law provides ). The notice doll specify: (a) the defasit; (b) the action required to cure the <br />ddault; (c) a date, aot law that 30 days from the date the mod" is given to Borrower, by which the default most be cured; <br />And (d) that failure to are the default ult a or before the date specified in the notice may result in acceleration of the sums <br />neared by tisis Slanting lostrument and oak of the Property. The notice stall further inform Borrower of the right to <br />reinstate aft accolerafloot and the rim to bring a court action to assert the nonexistence of a default or any other <br />defense of Borrower to Acceleration and oak. If the default is not cured on or before the date specified in the notice, Lender <br />at its option any require hamodhate payment in full of all sum wired by this Security Instrument without further <br />demand and may Invoke the power of ale and say other remedies permitted by Applicable law. Lender shall be entitled to <br />collect aB expenses incurred is pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fees and costs of tide evidence. <br />If the power of sale is invoked, Try shall record a notice of default in each county in which any part of the <br />Property is located and shall mall copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />outer pew prescribed by applicable law. After the doe required by applicable law, Trustee sh:±11 give public notice of <br />sob to the persons mad in the numm prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest biome at the time and place and under the terms designated in the notice of sale in <br />one or more parcels and in any 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 sale. Lender or its designee may purchase the <br />Property at nay Asia. <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 ask in the following order: (a) to all expenses of the sale, including, but not limited <br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />I and (c) say excess to the person or persons legally entitled to it. <br />29. 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 of 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 />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee 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 reconvey the Property without warranty and without charge to the person ar persons <br />legally entitled to it. Such person or persons shall pay any recordation costs. <br />22. Substitute Tree. 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 default and sale be sent to Borrower's address <br />which is the Property Address. Borrower further requests that copies of the notice of default and notice of sale be sent to each <br />person who is a party hereto at the address of such person set forth herein. <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 rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />C] Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider <br />Graduated Payment Rider F-1 Planned Unit Development Rider <br />Mother,) [specify) VA Guaranteed Loan Rider <br />By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants coot fined in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br />..................... .........................(Seal) <br />rr Vol icer — Borrow <br />............................ (seal) <br />P.e ecca L. Parker — ao.ro"r <br />SrAflt or NsattAaiCA ...................... all ............................................... Cotmty Be. <br />On this .......1st day of ........JulY ... ......... 19..8..., before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, PAy came ................ ............................... <br />..................... <br />Larry b. Parker and Rebecca L. Parker. and_wi €g,..•-- •- -_ - - -- to me known to be the <br />Peraon(a) witoso neme(s) are susilscribed to the foregoing instrument and acknowledged the execu- <br />tion thereof to be ... heir.......... ................. voluntary act and deed. <br />Witness Grand Inland ..- .•..,• in said county, my land and notarial real at ...................................... ............................... y, he <br />date <br />' <br />My Commission <br />, - `�f� <br />. Wit... - ................... <br />� 8 Mrs ter, t, <br />We are iii" rtunity /Affirmative Action Employer M /F. <br />__.. o .�...�._e.e,.».__..,.....w..... ....___.__..___._.... .._.� (fie NNW Two UM Fer AcMtowkmig" Ml <br />K <br />
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