|
86-- 104886 :
<br />N::E li,;iFoR N4 Cove NA,, Ts Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable taw provides otherwise). The notice shalt specify: (a) the default; (b) the action required to cure the
<br />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;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Leader
<br />at its option may require immediate payment in full of all sum secured by this Security Instrument without further
<br />demand and may invoke the power of We amt any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided to this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and coats of title evidence.
<br />If the power of ask 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 prescnW by applicable law to Borrower and to the
<br />other persona prescribed by applicable low. After the time required by applicable law, Trustee shall give public notice of
<br />sate to the persons and in the manner preacribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time sod 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 We of all or any parcel of the Property by
<br />public announcement at the time and place of any previously scheduled We. 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 purchaw 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 ask in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, Trustee's feels as permitted by applicable law and reasonable attorneys' fees; (b) to ail sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to iL
<br />20. Lender in Possession. Upon acc leratior. 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 Leander or the receiver
<br />shalt be applied first to payment of the costs of management of the Property and collection of rents, including: but not
<br />limited to, receivers fees. premiums on receivers bonds and reasonable attorneys' fees, and therm to the sums secured by
<br />this Security Instrument,
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Leader 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 petsonsshall pay any recordation costs.
<br />22. Substitute Trustee. Lender, at its option; may from time to time remove Trustee amt appoint 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 tick, power and duties co derrai uport
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that c epics of the nodcas of default and sak be swat to Borrowee s
<br />address which is the Property Address.
<br />24. hiders to this Seem* Instrument. If one or more ndtrs 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 agreanenis of this Security Instrument as if the rides(s) were a pert - of this Security
<br />instrument [Check applicableboa(es)j
<br />' Adjustable Rate hider Condominium Rider 2-4 Family Rider
<br />Graduated Payment Ritter Planned taut Development Rider
<br />Other(s) :[specify)
<br />BY S1GNtNG BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrowrr and recmdjed with at,
<br />. ! x �. : ........ . ...._._ _ ._(Seal)
<br />apyX i , D. S /+it75TER aQ r
<br />- PAMELA K. SHUSTER
<br />tspt ' aea. ra,a L,u ra Ackl�)
<br />STArr: )r MFERA -SK a . ........ . ........ tLuu ............
<br />011 Til __ .. _ .. , 2811' . r! 3........... , 319..56 before rue, r'�
<br />vt, -_
<br />ter. -= c• ;rci and qualified for said :°oAzity,
<br />personal ? r' came . CYAN tl. S1tst5TER PAtiEtJi K; .St ?ER, i 158xttD iiND MI> £ - - - - - - - - - - - - -
<br />............... ............................... to the knc.'w- e_O be r+"
<br />iciet.t :_;cal xsvr: t<; r w x'-Se ream .;..3, .' ! ; bed to the forpgaing rsn-imnent.
<br />dTid r'fckt7o i f-d .., ,? t`a}t [.; u:t ,. :7e1 E ".,,• _ !:' 7} IR....... L",.ilunt.EiIy act: and
<br />bolt :t' :3 my Y"''Jnd aib.'e. vita - CRAtIa iS(AjYie ME8RA$.KA ...,......,
<br />Matta aQ1AaY.. {[.![! a Oa i
<br />yy�,�!•.. y ply �faW
<br />M! i>Maa EtF flat { iAq
<br />
|