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86102761
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Last modified
10/18/2011 11:14:28 AM
Creation date
3/31/2008 2:30:06 PM
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DEEDS
Inst Number
86102761
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86-- 102761 <br />No 4 ;.N— tFciRM COVt:,NA%4'Is Bc- -TT'WCf AW! f C-Ic ai nt and agree as follows <br />19. Acceleration; Remedies. Leader shall gi.e notice to borrower prior to acceleration following Borrower's <br />breatclt of any covenant w age em"t in this security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless ale fah' provides oiherwise). The notice shall specify: ('a) the default; (b) the action required to cure the <br />defiudt; (c) a <br />da* nett`kas titer 30 days from the date the notice is given to Borrower, by which the default must be cured: <br />and (d) that faihttte to cure the default on or before the date specified in the notice may result in acceleration of the suns <br />seamed by this Security Instrument and sale of the Property. Thu notice shall further inform Borrower of the right to <br />reinstate titer acceleration and the right to bring a court action to assert the non-existence of a default or any other <br />delesse 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 may require immediate payment in fell of all sums secured by this Security Instrument without further <br />da9amtd and aaty invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to <br />Collect all expenses incurred is pursuing the remedies provided in this paragraph 19, including. but not limited to. <br />reasmable attorneys' fees and costa 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 mail 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 />salt to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and antler the terms designated in the notice -A sale in <br />one or snore parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />piddle 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 few 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 persep or persons legally entitled to it. <br />20. Lender is Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender fin <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 r'econvey the Property without warranty and without charge to the person or persons <br />legally entitles,) to it. Such person or persons sisail pay any recordation coasts - <br />22, Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successes trustee <br />to any Trustee appointed hereunder by an instrument re+corde d in the county in which this Security instrument is recorded. <br />Without conveyance of the Property, the succe%sor 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 copte, of the notices of default and sale tie unt to Borrower's. <br />address which is the Property Address. <br />24. Riders to this Security Instrument. If t -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 he incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the nder(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />Adjustable Rate Rider Condominium Rider 2 -4 family Rider <br />_ Graduated Payment Rider Planned (_:nit Development Rider <br />Other(s) {specify[ <br />By StG!41`vG IIF:t.c? <br />
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