|
85--ode 00258u
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Leader 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 provider otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default (c) a date, net less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />Bud (d) that failure to came the default on or before the date specified In the notice may result in acceleration of the suns
<br />secured by this Seem* Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinsta(ae after accelenNaa and the right to bring a court action to assert the non - existence of a default or any other
<br />deftese of Borrower to acceleration and ask. If the default is not cured on or before the date specified in the notice, Lender
<br />at its option any require immediate payment in full of all sums secured by this Security Instrument without further
<br />and my hnohe the power of sale and nay other ramedIn permitted by applicable law. Lender shall be entitled to
<br />collect all expeutame incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' feet and coats of title evidence.
<br />it the power of sale 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 prescribed by applicable law to Borrower and to the
<br />other 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 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 announcenleat 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 sMU apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited
<br />to, Trusta'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 perms 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. Reeonveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reccmvey 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 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. *CONTINUED BELOW
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded toget tier with
<br />this Security Instrument, the covenants and agreements of each such rider shalt 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-d Family Rider
<br />a Graduated Payment Rider ;1 Planned Unit Development Rider
<br />1 Other(s) [specify]
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terns and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and rccor wuh it.
<br />................. (Seal)
<br />Airdy L. Morgan — �,«W�•
<br />.. .........................(Seal)
<br />Carla D. Morgan �? - ito,rowe,
<br />......__._.. .____.... ..„,..._...__.....�._..__ --_--_ (Spece Below This lme For AckrwMkAameM) -_.. ,.... .__. . w.. e._____....___..�...._..._...�.
<br />*Borrower further requests that copies of the notice of default and notice of sale be
<br />sent to each person who is a party hereto at the address of such person set forth
<br />herein.
<br />SrATS or NaaaASKA ................. ik ? 1. ........... _...... _ .... _.....................C'ounty as:
<br />On this ......3..Qtk) ............. day of .....ley................, 19..55.., before me the undmigned, a Notary Public
<br />duly corantiosioned and qualified for said county, personally canto ..................................... ...............................
<br />A.. fix... ... ?..�, lei ..��...f'l ,eta... t1 i..yti,f�..__ .. .... .........., to me known to be the
<br />identical (a) whose natne(s) are subscribed to the foregoing inatrutnent and acknowledged the exem-
<br />to be ... ..... ............,. ......_................. ...... ... .... ............. . voluntary act and dood.
<br />mvp
<br />plow
<br />y »,
<br />Witn my hand and notarial seal at- Gr. ttei Inlaax]r...Ntt lot ska.. _ in mid county, the
<br />do to a forvottid.
<br />My Cnrnini ifon rehires:
<br />r
<br />COtMltf a po, N.4"
<br />W� urn• �ipp+riutuie,� aittrnattivr� ,1� "ia,n l;tta(�lncer \1/1�.
<br />.
<br />
|