|
1
<br />86- 103267
<br />NON - UNIFORM CDYENANTB. Borrower and Lender further covenant and agree as follows:
<br />ill. Atetsarati� Radios: [sir ar+•H �ii.r w4.� ►a " �: i.......v�.:ti eat... :� n_�_�
<br />nit t
<br />Nt:e; ltroviial IN fits porarraph,19, istcludiag; but not limited to
<br />� repsoniksttorneys'. tea sad twee of tNle eriia�oe.
<br />U tie power o[ safe is.lewoket, Trustee tthitU record a notice of default in each comity in which any "part of the
<br />property is lot teed sad shall mail,
<br />opies dsach Notice in the meaner prescribed by applicable law to Borrower and to the
<br />6Y applicablee law. After the base required by applicable law, Trustee shall give public notice of
<br />sale to `the persons tai L the Ntssstaer by applicable, law. Trustee, without demand on Borrower, ahaU sell the
<br />Property,at pubik auction to the highest bidder at the time lard
<br />place and under the terms designated in the notice of sale in
<br />Owe r adore parcels Bad is any order Trustee tieterNSdm. Trustee postpone sale of all or any parcel of the Property by
<br />pail% Mao u see e eat at the time and piece of any. previously sebeduled sale. Letsder or its lest
<br />Property at any agile. livae' may I the
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The reeitals is the Trustee's deed shall be prima facie evidence of the truth of the stateNnents, made tbereia,
<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 feat as permitted by appiieabk taw tad reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (c) sey 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 attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reeoaveyance. 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 />Iegally 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 />Graduated Payment Rider Planned Unit Development Rider
<br />Other(s) [specify)
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument an '04f any rider(s) executed by Borrower and reco with it.
<br />Patrice A. Frans aS..R.... Frans .......................... ........................ -e(,l)
<br />/ .L..Z�T.. ✓�i!e!. / ....................(Seal)
<br />Norma S. Frans — ao,rowe.
<br />[space Belo. ors Lme For Nkknowteapomtl _.
<br />STATE OF
<br />COUNTY OF
<br />...Qr". PASg- .A ............. 1
<br />1 SS:
<br />I, John C. Haney a Notary P blic in d for said co t and state, do hereby certify that
<br />,Patrice A; Frans, a, single „person & Ja s gg n� o S. rens, personally appeared
<br />peas us�6al�'gin . e..h.......softh.,
<br />before the and is (are) known or proved to me to be the rson s w o ng m ormed of the contents of the foregoing instrument,
<br />have executed same. and acknowledged said instrument to be .... the r........ _ . , free and voluntary act and deed and that
<br />(his, her, their)
<br />they , , , . . , .... , executed said instrument for the purposes and uses therein set forth.
<br />(he, she, they)
<br />Witness my hand and official seal this .........30th ............... day of .... May ..... , 1986 ...
<br />My Commission Expires:
<br />444 i4 (illHl Jarir411t r wall.
<br />d0/M1 Q IN1N.X .... .......... ...... (SEAL)
<br />x i Notary Public
<br />This Instrument was piepared by ... ...............................
<br />ran
<br />
|