86102690 - Laserfiche WebLink

Browse

1 86- 102690 NO%'-UNIFOPM COVENAYTI, hkorrower and Lzrider G,rThcr-covenant and agree as follows It. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Secaft hw&uneat (but not prior to acceleration under paragraphs 13 and 17 maim applicable law provides otherwise). The outicilt sWI specify: (a) the default; (b) the action required to cure the default (c) a datei met lea than 30 days heiiii the date the notice is given to Borrower, by which the default mum be cared, and M ths: fallm to ewe the default on or before the date specified in the notice may result in acceleration of the sums saearad by this Security Instrument sad ask of the Property. The notice shall further inform Borrower of the right to rellasWe after mccelierafloo and the right to bring a court action to assert the non-existence of a default or any other ddaw of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at Its option may require Immediate payment in full of all sums secured by this Security Instrument without further denand and may Invoke the power of sale and any other remedies permitted by applicable taw. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fen and costs of tide evidence. If the power of sale 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 such notice in the manner prescribed by applicable law to Borrower and to the other pens prewribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public 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 amouncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals In the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale In the following order. (a) to all expenses of the sale, including, but not limited to, Trustee's fen as permitted by applicable law and reasonable attorneys' fees. (b) to all sums secured by this Security Instrument; and (c) any excess to the per4on or persons legally entitled to it. 20. Lender in Possession. Upon acceleration Linder paragraph 19 or abandonment of the Property, Lender (in persm, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall he 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 reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. ZZ. Substitute Trustee. Lender, 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 Secunty 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 be sent to Borrower's address which is the Property Address 24. Riders to this Security Instrument. I firic or more nders are executed by Borrower and recorded together with this Secunty Instrument. the covenants and agreements of each such rider shall he incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the ndcr(-i) were a part of this Security Instrument- (Check applicable box(es)) -_-! djustable Rate Rider Condominium Rider J A L7, 2-4 Family Rider Graduated Pavment Rider Planned Unit Development Rider Othe*(s) [specify] By SIGM-46 BEI-Ow Borrower accepts and agrees to !he terms and covenants contained in this ScLuntv Instrument and in any nder(s) executed by Borrower and recorded with it .(SCSI) Robert J. Joh6s&n4- (seal) Catherine A. Johrmon -�� !SPec- Bei— rhm Len' For Azkn*~Veotl STATE 'OF N. Y.j3 KA . ........ IWJ ..................... stir, V 5: n.... may ............. L. ,-;. P IRV, * ^ i Nc: """a'd 'And :;uaitf 1"d for said courty, tx-r 1 y air. . Fs44erL J.•. ;pN1ApA Ap!t CAXJiArJPA A.., JP.hriso.n.,, Hu.sba.nd. and . Xi1p. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *r� �TY2 Lmc.7wn to bf, !'he J1 :11,zcl w, �qrArtd_ JAlAri.d ................. amilki W"T D U 0 W S - 1. 1 Ell 7— M #306. QMft flo. Mot 4. iii