86104831 - Laserfiche WebLink

Browse

1 86- 104831 NoN- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's break! of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 ` "Iess applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (e) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Leader at Its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Leader shall be entitled to collect all expenses incurred in pursuing the reemedies pro*ided in this paragraph 19, Including but not limited Lo, reasonable attorneys' fees and costs of title 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 persons prescribed 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 is the notice of sale in: one or more parcels and in any order Trustee determines. Trustee may postpone sate of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Leader or its designee may purchase the Property at my 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 toe Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or personas legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in; person, by agent or by judicially appointed recover) shall be rmitled 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 be applied first to payment of the costs of management of the Property and collection of reuts, 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 surds secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Serunty instrument and an:ttotes evidencing deft secured by this Seruritti Instrument to Trustee. Trustee shall reconver 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: 2i'.. Substitute Trustee. Lender. at its option, may from tone to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument r xxwded in thecotrtity in which this Security Instrument is rccc wrdcd: Without conveyance of the Property. the successor trustee shall succeed to ail the title, power and duties cont'crred upon Truster herein and by appbexbk law 23. Request for notices. Borrower requests that courts of the notiers, of default and sale be acts to BmiowiWs address which is the Property Address. Borrower further requests that copies of the notice of dcfault and mite of sale bt -cut, air each person who is a party twtvto at the address of sucti person set firth heron 2i, hiders to this Security lastrumen4 If Mc Or mom riders are executed bt Borrower snot rez orded together with this Security Instrument. the covenants and agreements of tech such rider shall be incorporated into_and shall amend and supplement the covenants and agreement% of this Security tnstnirticrtt as if the rider(*.) were a part of this Security Instrument. (Check applicable box(es)j Adjustable Rate Rider ` Czondominurm Rider v 2-4 Family Rider I- Graduated Payment Rider Planned Unit Development hider Othtris) [specrtt] - Bv SIGNING BVI-W. Borrower accepts and agrees to the terms and covenants contained in this Scunty Instrumnijer'td in atn ride. (s) executed by Borrower and recorded with it. irtd .� 'x R. S r -' • P-I E� R TIES A G..e..n. e .a. : ....P..a(S_ r eatnl) ership 7 i4 - ------------------ A an D. Slattery, A Partner StArE of NF14RMKA Ti 1 uC#r C ' Cttuitty AS: On this ' 1.41 day of '(AI I'�.. before me, the undersigned, duly cxm,rni iGn a Notary Public n, nod area ilrraliheei for laid t. ty, Perstttta#Iv e9ritlt' . o r A per, rem _ Or EP ctE m A verve f ideaeicaii perxon ( N ) wh+ise narnet s) are subscribed to the foregoing instrument and acknowledged the execu- tion thereof to he =$ . luntary art and died Witness my hand and rurtarial steal at s�.. o `Gee. in saaitl totrrtty, the date aforesaid. My Gommimicxt e e b, tamttwasntar- taw «aMenits ; OOtitiUttl CtAit$bEN M isteaa�Era ftw. t t, llle r c'fyr.t 4d'* W an, nit Equal Employment f)pPOrtunity /Affirntxtivw Action Employer Al /F, ;S�u.x aR.o. *h.s ;,ne r:,, ara.w.rrrrdpnrnri