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85003868
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Last modified
10/17/2011 11:38:38 PM
Creation date
4/1/2008 4:47:35 PM
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DEEDS
Inst Number
85003868
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a <br />$5-- 003868 <br />No,,-U, ti ]FORM COVENANTS, Borrower and Lender further coy enani and agree as follows: <br />19. Acceleration, • R shall give some to Borrower lim"r to acceleration following Borrower's <br />breach of ., covenant or agreement in this Secaritc Instrument dint not prior to acceleration under wagraphs 13 and 17 <br />unless applicabie Law ). The notice sball specify: (a) the default; (b) the action required to cure the <br />(c) a date, net less tban 30 days from the date the notice is given to Borrower, b% which the default mast be cured; <br />and (d) tint Whire to cue the default on or before the date specified is the notice mac result is acceleration of the wins <br />secured by this Security ImArmaeut and sale of the Proper*. The notice sball farther inform Borrower of the right to <br />reinstate after acceleration and the right to bring a opt action to assert the - existence of a default or anti 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 =y otber remedies permitted by applicable law. Leader shall be entitled to <br />cefiect all expenses incurred in pursuing the remedies provided is this paragraph 19, including, bat not limited to. <br />reasonable s' fees and emu of title evi lleam <br />If the power of sale is invoked, Trustee sbali record a notice of default in each county in which any part of the <br />Property is located and sball mail copies of such .notice in the manner prescribe) by applicable law to Borrower and to the <br />otber persons prescribed by applicable 13w..4fter the time required by applicable law. Trustee shall live public notice of <br />std to the person and in the manner prescribed by applicable law. Trustee. without demand on Borrower. shall sell the <br />Property at public auction to the higbes; bidder at the time and place and under the tests designated in the notice of salt in <br />one or more parech and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property kk <br />pubhc announcement at the time and place of any previously scbeduled sale. Lender or its designee may purchase the <br />Putt' at any sale. <br />Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trainee'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, Trustees fees as permitted by applicable law and reasonable attorneys fees {bi to all sums secured by this Swcurit% <br />_ad (c) say excess to the person or persons legally entit led to it. <br />20. ).ender is Possession. Upon acceleration under paragraph IQ .,r ahand.17,,r-rn1 of the Pratern. Lender •in <br />prrson, by agent or by ju'd'icial)} app.?inted receiver) shall be entitled tc) enter upon, t :a e nossessiin of anj - .anage the <br />Property and io collect the rents of the Property' including those past due An} e t: °cted '1y L ittler r . receiler <br />%hail be applied first to payment of the coSt5 of manaeement of the Property and c Ille.th.n r nts. ;71cilioing. but not <br />limited to. recener's fees, premiums on recenefs bonds and reasonable attilrneys =eel, and ,. -,Tl .o -he sums secured ba <br />this Security instrument. <br />21. Recoaveyanee. upon payment ofall sums secured by this Secure. Instrument. Lender shall roan st Trustee t, <br />recoritiey the Property and shall surrender this Security Instrument and all notes ea idcncmg debt secured i,% ;h.s Securtt� <br />Instrument io Trustee. Trustee shall recon%ey the Property without - aarrara; and wthoui char ee to the person ,,r persons <br />iegalh entitled io it- Such person ,m persons shall pay any recordation costs. <br />22 Substitute Trustee. Lender, at its option. may from time to ti=ne remoti e Trustee and appoint a succ ess< r erns: <br />to any Trustee appointed hereunder by an instrument recorded in the counn to xhic t his Seruntl lnstrumerst :s roc; ideal <br />Without canveyance of the Property, the successor trustee stall succeed tr all the ill it. Hower and dunes conferred upon <br />Trustee herein and b} applicable law. <br />23. Request for %otiees. Borrower requests that copies of the notices Of default and sale tie• ,eat t, Bc•rrc wer'- <br />address which is the Property Address. *CONTINUEED BELOW <br />24. Riders to this Security Instrument. If one or more riders are epecified ny Borrower and recorded 10cetdee7 nh <br />this Security Instrument, the covenants and agreemenis of c„cch such nder shal7'-,e tncnrpn -aced mzo and ,hall amend _rd <br />supplement the covenants and agreements of this Security Instrument as :? -he rider+si were a part of 'hi. t;:curre <br />Instrument. [Check: applicable boated] <br />Adjustable Rate Rider Condominium Rider s F sni:;s R:t rr <br />Graduated Payment Rider _ Planned Unit I3evelopmeni Rider <br />_ Other(s) jspecify] <br />BS' SiGtiitiG BELOW. Borrower accepts and agrees io the terms and :i tienemis cent moo n ihl, Securely <br />lnsirumeni and in an} ridertsI executed by Borrower and recordel*vith ii. <br />lSeali <br />^largaret M. Set.S2i <br />—_ !Spoor Below Tips Line for A knowledp MI — -------- <br />�..___ <br />*Borrower further requests that copies of the notice of default and notice of sa'_E 1'e <br />scent to each person who is; a party hereto at the address of such person set forth <br />terein. <br />
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