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87105736
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Last modified
10/19/2011 1:25:08 PM
Creation date
3/27/2008 2:54:47 PM
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DEEDS
Inst Number
87105736
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87- 105736 <br />NON•UNJFORM COVENANT* Borrower and Lender further covenant and agree as follows: <br />19. Aeackrolim, litessialless, loosider doll 10" no0cs, to Burrower prior to acceleration following Borrower's <br />bromals of any coveseast or sproamost 10 *k Security last (but not prior to acceleration under parstiropla; 1311114117 <br />stakes law provides The notice " wdfy- (a) the ""It, (b) the action required to core the <br />doltsal1c; (a) a time, no long than 30 slays from the dote Out notleg Is given to Borrower, by which the default most be corod; <br />and (4) 00 failure to care Ow deftelt on or how# the doe spairlifted In the notice may result In acceleration of the sums <br />sociamill by this Security Inaltrismanat and sale of the Property. Tice "it" doll further inform Borrower of On right to <br />rialmaito after acceleration sod the right to bring a court sake to now the nertegxisteace of a default or any other <br />defense of Borrower to acceleration sad ask. It the default Is root cared on or before the dote specified In The notice, Leader <br />at Its option may require Immediate payment In fail of all sum stew" by this Security Instrument without further <br />demand ond may invoke the power of sale and my other romialin permitted by applicable low, Leader shall be entitled to <br />collect all expeassis Incurred in pariusin the remaidles provided In this paragraph 19, including, but not limited to, <br />reasonable <br />attorneys' it" a" coma of title evidence. <br />If the power of ask is invoked, Trustee shall record a notice of default In each county In which any part of an <br />Property is located and sW mail copies of each notice In the manage prescribed by applicable law to Harrower and to the <br />other persons prescribed by applicable low. After the time required by applicable low, Trustee shall give public notice of <br />sale to the person and in the samuser prescribed by applicable law. Trustee, without demand or Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated In the notice of sale in <br />out or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public manouncement at the time and plus of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <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 "I be prima facie evidence of the truth of the statements made therein. <br />Trask* shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, !"eluding, but not limited <br />to, Trustees fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Instrument, and (c) my excess to the person or persons legally entitled to it. <br />20. Lemke in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall he entitled to enter upon, take possession of and manage the <br />Property and to collect the rents of the Property including those post 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. Remveyance. 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 or persons <br />legally entitled to it. Such person or persons shall pay any recordation costs. <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 />23. 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 Instrument. If one or more ri&rs 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 ridcr(s) were a part of this Security <br />Instrument. (Check applicable box(es)) <br />Adjustable Rate Rider ❑ Condominium Rider -71 2-4 Family Rider <br />-L Graduated Payment Rider EJ Planned Unit Development Rider <br />[1110ther(s) (specify] Ackriowledgement <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and record w` . h <br />.......... ............... I ........ —(Stal) <br />C. BEM — Borrows, <br />- -.- .......(Seal) <br />ELI A. BE= <br />Rem <br />[Spam Belem Tim Une rev A4"04VdJ <br />STATE OF ... HIMMAM .................. <br />COUNff OF .. , wg-;! ....................... ) SS: <br />The foregoing instrument was acknowledged Wore me this.......... SMM.M.M..25.,-1.967 <br />... .. .. .. <br />by .... MLM.C- (date) <br />_M�MW AND XMI. . <br />(person(s) acknowledging) <br />My expires: <br />Of (SPAL) <br />.................. <br />Istotary Public <br />This ilistrum"t was Premed 0y, .......................... ..................... <br />X., <br />
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