|
M.)N- UNIFORM COVENANTS. 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 law provides otherwise). The notice shall 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 anF other
<br />defense 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 full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remMies. permitted by applicable law. Lender 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 />If the power of sale is invoked, Trustee shall record a notice of default in each count in which an
<br />Property is located and shall mail c l Y part of the
<br />other copies of such notice in the mantras prescribed by applicable law to Borrower and to the
<br />persons prescribed by applicable law. After the time required by applicable law. Trustee shall ;give public notice of
<br />sale 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 bider 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 anv 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 and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument: and (c) any excess to the person or persons legally entitled to it.
<br />M Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Propert%. Lender (in
<br />person, by agent car by judicially appointed receiver) shall he entitledt eta enter upon. tale p(assessron tit and manage the
<br />E're> sty and to collect the rents of the Property including thow. loose Clue. � ►y rent, c,iit irrd ta; Lender or the receiver
<br />shall he applied first to payment (if the costs of management of the Property and collection of rents. including; but not
<br />limited to. receiver's fees. premiums on receiver's }mods and reasonable attorneys* tees. and the" tea the stjm% secured by
<br />this Security Instrument.
<br />21. Reconveyance. Ulxon pavmerit tit All aura secured by this Security Instrument. Lender shai! request Trustee to
<br />reconvey the Property and shall surrender this Security instrument and all notes evidencing debt secured rit by this Security
<br />Instrument to Truster_ Trustee shadl reconvcy e Pro without warranty and without charge to the person or persons
<br />legally entitled to it. Such person ter persons shall pay any recordation costs.
<br />22. Substitute `Trustee. Lender, at its Caption, may from time to time remove "Truster end appoint a successor trustee
<br />t0 any rrustcc appointed hereunder by an instrument recorded in the counts in which this Security instrument is recorded.
<br />Without cotrvevancc of the Property, the successor trustee shall sticceed to all the title, power crud duties conterred upon
<br />Trustee herein and by applicable law.
<br />23. Request for %lotices. Borrower requests that copies of the notices of default and sale he sent to BorTower's
<br />address which is the Property Address. �CCI'i�' INL ED BELOW
<br />24. Riders to this Security Instrument. if one or more riders are executed by Borrower and recorded together with
<br />this Securty Instrument. the covenants atul agreements ref each ouch rider shall tae° irtcor;N)rated into and she!! amend .end
<br />supplement the covenants aand =agreerncats t;f this Nrcurity Instrument as if the riderfs) %err it part of this Security
<br />Instrument. [Check applicable ha)xtes)l
<br />Adjustable Rate Rider d
<br />Condominium Rider .. __ r.-1 T'arrliiy Rider
<br />(::graduated Payment Rider Planned Unit Dvvelopmerit Rifler
<br />Other(s) [specify]
<br />BY S(GNIN6 BE:1.0w. Borrower accepts Ftncl agrees to the terins ,end �A)N °names collrttrlyd sn this Securty
<br />Instrument and in any rider(s) executed by ll<orrower and recorded with it
<br />.. ... .... ....PS all
<br />- - st.�rrcw�r
<br />_._ Ike taw This Lme for kknowre®g"wnt]
<br />*Borrower further request,,,, that (..,crpiekj O,f tl1La notice of default auit artt_1 aivt:i -cc ��}" aP.o° i =L'
<br />aer(! to a° ch per,,, who is as party hereto �G the <1,1dresq z f ,tell person seat fortl:
<br />Ile n c> z tt .
<br />STATE rip NameAMA
<br />on this 7th .- County s5:
<br />'�v ()f X . I °� ?, 1wfore me, f hP itridersigned, .a Notary Ilublit-
<br />(July cOrnrailwitiried and (justified for said county, 1 )emnally (,iu p
<br />r 1°r?.,)s > r)d : -err wa i £(�
<br />f(► tit(, $,ttowtt ft► lacy 4h(
<br />identical s) wh(a t n
<br />(8) are pub nil i to the for*.g()ing instrument, and nckttowl (4l�;t.�d tier, (•xec °u-
<br />tfartt the f to I fi��z
<br />lowwow low a �C vt luttt -IrY na�t and de-ld.
<br />WOMPSK tTay� leant] and notarial �,val at >�' =tfri '����f�l r °��k�a „a�)C�a itt said t °t,ltratc €lit
<br />flat rafro irf.
<br />%Iy O)sxariai , i(irr t,xhi WWI d
<br />if 's
<br />ixD
<br />$ •�r�' �tti }��1(tptl }`,tilttial ^,'tFtr,'tii, trtsFr +ttf041fii} �i�ir`S,Yiiti` -s �, t<<9l 1','illtlr „ka r �t l'
<br />
|