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86102997
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Last modified
10/18/2011 11:50:27 AM
Creation date
3/31/2008 2:33:34 PM
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DEEDS
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86102997
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86- 102991 <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedies, Lander shall give notice to Borrower prior to acceleration following Boirrowees <br />breaeb of SOY ""Ttianat Or 1111111`011111101d IN ddl Smft lubuomt (but not prior to acceleration under paragraphs 13 and 17 <br />wdm applicable low Provides oitherwise). The notice iduaff specify: (a) the default; (b) the action required to cure the <br />default; (c) a ", not Jew it= 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d)dWfWlmtocme the ddamhomor before the date specified in the notice way remit in acceleration of the sums <br />secured by this Security lmsbvmmt and ask of the Property. The notice shall further inform Borrower or the right to <br />Ministate after acceleration and the riot to bring a court action to assert the non-existence of a default or any other <br />"Op - 0 of Borrower to acceleration 111110111 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 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 low. Leader shall be entitled to <br />collect all expenses 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 />I If the power of sale Is invoked, Trustee shall record a notice of default in each county in which any part or the <br />Prop" is loaded and "I mail copies of such notice in the manner prescribed by applicable low to Borrower and to the <br />other person prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />ask to the persons and in the manner prescribed by applicable law. Trustec, without demand on 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 />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 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 mW reasonable attorneys' fees; CD) to all sums secured by this Security <br />Instrument, and (c) any excess to the person or persons legally entitled to it. <br />20. Leader 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 attor'neys' 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 duites conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies of the notias 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 />17, Adjustable Rate Rider Condominium Rider 2-4 Family Rider <br />❑ Graduated Payment Rider Planned Unit Development Rider <br />n 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 />Char�l�es R. 'eal) <br />A. <br />7 .(Seal) <br />Billi L. Anderson -Bo,,o*e, <br />(Space 89iow This Lm For Acknowledgmentl <br />STATE OF ........ N$k4askci <br />COUNTY OF ........431 i ) SS: <br />The foregoing instrument was acknowledged before me this ..... 6 <br />Charles ................. <br />by ...... ........ R., A A R 8 Billi L. Anderson , hLsband ar� wi�e <br />.......... . . ......................... <br />n(s) acknowledging) <br />MY commi"Won CXpir <br />Of hi, Notary Public <br />Thir irtorutnmt v ,k, by ..... .. <br />v. - , I ... ........ <br />
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