87104335 - Laserfiche WebLink

Browse

87-- 104335 NON - UNIFORM COVENANTS. Borrower and bender further covenant and agree as follows: 19. Accelerationi Remedles. Lender shall give notice to Borrower prier to acceleration following Borrowers branch of any covenant or agreement In this Security lostruntent (but not prior to acceleration under paragr 13 and 17 law provides otherwim). The notice shall *pacify: (a) the default; (b) the action required to cure the (cl a date, not late* dui 3Q days from the dots t� notice Is given to Borrower, by which the default trust be cured; turd (4) dot More to cure the default on er befiwe the date specified in the notice may result In acceleration of the some secured by � Security Instrument d sale of tha Property. The notice shall further inform Borrower of the right to rolinsWe aft acceleration and the riot to bring a court action to assort the non - existence of a default or any oflssr doilmme of Borrower to soccieration and sale. If the default to not cured on or before the date specified in the notice, Leader at its option may require immedlate payment In fall of all oats cured by this Security Instrument without further demand and may Invoke the power of aale and any other remedies permitted by applicable law. Leader shall be entitled to coned an expenses incurred In possainq the romedies provided in this paraWaph 19, Including, but not limited to, reasonable attorneys' foes and casts of title evidence. If the power of silk is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of web notice in the manner proscribed by applicable law to Borrower said to the other Persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of do to the persons and in the manner prescribed by applicable law. Trustee, without demand on borrower, shall sell the Property at pulls auction to the highest bidder at the time and place and under the terms designated 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 Public announcement at the time and place of say previously scheduled sale. Lender or Its designee may purchase the Property at any oak. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trtnttox's deed shall be prima facie evidence of the truth of the statements made therein. Truth apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited ton. Trustee's few as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrumeft and (c) soy excess to the person or persons legally entitled to it, 20. Leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Properly, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to callect the rents of the Property including those past due. Any rents collected by Lender or the 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 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 this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconve the Property without warrant and without charge to the Y {x Y Y g person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Leader, at its option, may 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 Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale he x nt to Borrower's address which is the Property Address. Borrower further requests that copies of the notice of default and notice of sale tee sent to each person who is a party hereto at the address of such person set forth herein. 24. Riders to this Security Instrument. 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)] ❑ Adjustable Rate Rider ❑ Condominium Rider a 2-4 Family Rider ❑ Graduated Payment Ricer ❑ Planned Unit Development Rider ❑ Other( *) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any riders) executed by Borrower and recor th it. �+ / i`..`.��......(seal) _ — Borrower ..... (Seal) - Borrower STATa or NaB>fmatet ................. .... HALL ... .............................................. County ea: On this ......UND ............. day of ........J.VLY............ 19$7...., before me, the undersigned, a Notary Public duly commissioned and ualif%d for said county, personally came AAN.,A... BIERHAUS AND. PATRICIA... D. BIERHAUS, HUSBAN� AND WIFE to me known to be the identical person (a) whose name(s) are subscribed to the foregoing instrument and acknowledged the execu- .. ..... tion thereof to be ... . .............................. THEIR ........ ............................... ........... Voluntary act and deed. Witness my hand and notarial seal at ........... ................... in said county, the date aforesaid. rMKAt N01AAr -Stall of Ne6u.he - MY expieea: MARILYN J. B CK ��77 L My Com. Erp - •N Pabtk Afa/.:...___..... ou We are an Equal Employment Opportunity/Affirmative Action Employer M /F. ' ,,, »...._...�- ..,...__...... .......__. -._- Ispxa aeNw rltle two For Ack,ww*da„*++tl y