|
eJ�) 102151
<br />NoN.U`IFORM COVENANTS &rrower and 1,cnder further covenant and agree as follows:
<br />191 Acceleration; Remedies. tender shall give notice to Borrower prior to acceleration following B- -irrower's
<br />breach of any covenant or agreement in this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />males applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, mot lea than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />aid (d) that failure to care 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 nay require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expense 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 notice of default in each county in which any part of the
<br />Property is located and shall nail 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, sha11 sell the
<br />Property at public auction to the highest bidder st 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 plane 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 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 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 u; 2-4 Family Rider
<br />[' Graduated Payment Rider Planned Unit Development Rider
<br />u
<br />Other(s) [specify]
<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 />.. ...' ...`
<br />S dney) R. [e -ao „tee,
<br />/...L:.'::..a:..a,t: >.:........ _...........,.:....._ ... Seal)
<br />Patricia M. Moe �or.owe.
<br />(space 9eiow This Line For Acknowledamientl
<br />STAITiF _i ' �VT' ` }iv.AJK,4 . ...... . ....... Hall............... ."OUnty Sc
<br />On t:1: _. .. 2-4th .... day o: .... April........ , :: 8G before n e, the
<br />utldi]I1�-'(7 for sajc, -oUnt.Y,
<br />xxsc,r1,1 ly an > .. SLdfleY. R.. ,hjpp AR4 E'Atri,ci.a M.. Moe.,. Husbak and wife.
<br />...................... ............................ Ile known to NX ?he•
<br />E. ) =.t,� 'hc- tor"going i.nsCruinent
<br />and .�icknow1-do.,,--d t! ?c c ..:;. „ -fl ; ..r _! ,, i. tJleir...... vol.:ntary .ic' .gin d
<br />J' :v: n ., _• • . , .. racrc�, Island ................ .,.
<br />........
<br />` s
<br />own asim1w are r Now” .
<br />OOt.t) M V. man"
<br />+w Kara► twt tw t lmlt
<br />
|