85002769 - Laserfiche WebLink

Browse

85-= 002769 NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies, Leader shall breach of any covenant or gave to Borrower prior to acceleration following Borrower's agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 Applicable a date law provides �herwlet), The notice shalt (` Gwlt; (c) a date, not less than 3� days from date 'specify: (a) the default; (b) the action required to cure the > (d) that failure to cure the default on or before the date e pacified in the notice may result lin the default acceleration uof the sums rW=Wcd by this Security Instrument a" sane of the Property. sft reinstate a� acceleration and the right to bri a The notice shall further inform Borrower of the right to �fesse of Borrower to acceleration arul court action to assert the non - existence of a default or any other at its sale. If the default is not cured on or before the date specified in the notice, Lender option may require immedlate Payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sate and any other remedies collect ail expenses incurred in pursuing the remedies permitted by aPPticable law. Lender shall be entitled to reasonable attorneys, fees and costs of tide evidence. Y d an this Paragraph 19, including, but not limited to, If the power of sate is invoked, Trustee shall record a notice of default in each county in which an Property is located and shall mail copies of such notice in the manner Y Part of the °tom Person Prescribed by applicable law. After the time required bappl cable aw applicable tlee shall Borrower and to the sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, give public lic stile of Property at public auction to the highest bidder at the time and place and under the terms deli the One or more parcels and in any order Trustee determines. the Trustee ma public uncemest at the time and place of an designated in the notice of sale in by MAY postpone sale of all or any parcel of the Property he Property at any sale. Y previously scheduled sale, bender or its designee may purchase the Upon receipt Of Payment of the price bid, Trustee shad deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be pima facie evidence of the truth of the statements made they Trustee shall apply the Proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited to, Trustee's fees � therein. 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 persons legally entitled to it. 20. Lender in POsession. Upon acceleration under paragraph 1 1) or abandonment of the Property, Lender (in person, by agent or by judicially, appointed receiver) shall be entitled to enter upon, take Property and to collect the rents of the Property including those past due. Any rents collected by Lender or possession of and manage the shall be applied first to payment of the costs of management of the Property and collection of rents, including, but n limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured receiver this Security Instrument. a °t secured by 21. Reconveyance, Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reeonvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the legally entitled to it. Such person or persons shall pay any recordation costs. g person or persons 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to Trustee herein and by applicable law. all the title, power and duties conferred upon 23. Request for Notices• Borrower requests that copies of the notices of default and sale Borrower's address which is the Property Address. *CONTINUED BELOW be sent to Borrower's 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this4Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amt supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Sec Instrument. [Check applicable box(es)] amend and Security ,__� Adjustable Rate Rider Condominium Rider Graduated Payment Rider - Planned � 2-4 Family Rider . anned Unit Development Rider _ Other(s) [specifyj BV SIGNING BELOW, Borrower accepts and agrees to the terms and covenants cc.�ntain Instrument and in any rider(s) executed by Borrower and recorded with it. ed an this Security .4 .. :.............(Seal) - Borrower '.' ... .................(Seal) (SWte Below Tips Wo for Acknowlea _ Borrower *14orrower further requests that copies of the notice of rdefaul.t and notice of Msa).e be sent to each person who is a party hereto at the address of such person set fort:h herein.