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87106019
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Last modified
10/19/2011 1:56:32 PM
Creation date
3/27/2008 2:58:59 PM
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DEEDS
Inst Number
87106019
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87-106019 <br />NONUNIFORM COVENANT& Borrower and Lender further covenant and agree as follows. <br />1p. Acceleration; Remedies, Lender shall Clive notice to Borrower prior to acceleration followlsix Haarrowses <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 area 117 <br />unless pplkable how provides odunwise). The nod" shall epesdfyt (a) the default; (b) the action required to care Clue <br />default; (c) a date, not lest than 30 days from the date the notice 44 given to Borrower, by which the default malt be cured; <br />and (d) duet failure to cure the default on or before the date specified In the notice may result In acceleration of the mote <br />sesarad by this Security Inrtrument and sak of the Property. The notice shall further Inform Borrower of the riot to <br />rNtnaate after acceleration and the right to bring a court action to aasert the nonexistence of a default or any other <br />defense of Borrower to secelerodon and nude. If the default is not cured an or before this date specified In the notice, Lender <br />at its option may "Ire immediate payment in full of all am secured by this Security Instrument without further <br />demand and may invoke the power of sags mad any other remedies permitted by applicable low. Lender shall be entitled to <br />collet all expenses incurred In pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attoraeys' fees sad costs of title evidence. <br />If the power of sale is Invoked, Trustee shall record a notice of default In cub 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 sad 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 Bpriower, 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 ssle In <br />oat or more parcels and in any order Trustee determines. Trustee may postpone tale 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 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 shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale 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 />Instrument; 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 (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 ail 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 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 />Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider <br />[j Graduated Payment Rider F1 Planned Unit Development Rider <br />:a Other(s) [specify] Acknowledgement <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 recorded with it. <br />........................ (Seal) <br />T ones M. Krupski — Borrower <br />........................(Seal) <br />Laurie L. Krupski —Borrower <br />ISpsce Below This Line For Acknowledtmenll <br />STATE OF ... K$dt? SA .................. <br />SS: <br />COUNTY OF ...ML ....................... <br />The foregoing instrument was acknowledged before me this ........... 440hu..1 �...dL� 9� % ......................... <br />by ....Tpgmaa,M; Krupski and Laurie L. KruQaki, husband and wi(date) ..'..••. <br />... .... .... ..e <br />(person(s) acknowledging) <br />My Commi <br />Notary public <br />prai Sanger <br />This instrument weer prepared by ................................................... ............................... <br />
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