Laserfiche WebLink
<br />1 ~ ~~ <br /> <br />RE-RECORDED <br />200804894 <br /> <br />200,08844 <br /> <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and ngree as follows: <br />22. Accelerntion; RemedIes. Lender shall give notice to Borrower prior to acceleration following <br />BOI'rower's breach of any covenant or agreement In this Security Instrument (but not prior to <br />acceleration under Section 18 unless AppliCllble Law provIdes otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days fl'om the date <br />the notice Is given to BOI'rower, by which the defllult must be cUI'ed; IInd (d) thllt fllllure to cure the <br />defllult on or befOl'e the date specified In the notice may rt.sult In IIcceleratlon of the sums secured by <br />thIs Security Instrument and sllle of the Property. The notlte shall further Inform Burrower of the <br />right to reinstate IIftel' acceleration and the right to bring a court action to assert the non-exIstence of <br />n defllult or llny othel' defense of Borrower to IIcceleratlon IInd sllle. If the defllult Is not cured on 01' <br />belore the dnte specified In the notice, Lender lit Its option mllY I'equlre Immediate pllyment In full of <br />all sums secured by this Security Instrument without further demand nnd mllY Invoke the power of <br />sale and any othel' I'emedles penniUed by Appllcoble Law, Lender sholl be entitled to collect all <br />expenses Incurr'ed In pursuing the remedies provided In this Sectlon 22, Including, but not limited to, <br />I'easonable llttorneys' fees and cosh of title evidence, <br />If the power of sale Is Invoked, Trustee shall record a notice of default In each county In which <br />nny pnrt of the Property Is located nnd shall maD copies of such notice In the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Appllcllble Lnw. Trustee shall give public notice of sale to the persons and In the manner <br />prescribed by AppllCllble Law. Trustee, without demand on Borrow!:l', shall sell the Property at <br />public auction to the highest bidder at the time and plllce and under the terms designated In the <br />notice of sllle In one or more pllrcels and In any order Trustee determines. Trustee mny postpone sale <br />of all or nny parcel of the Property by public announcement at the time and place of any previously <br />Scheduled sale, Lender or its designee may purchase the Property at any sale. <br />Upon receipt of pnyment of the price bid, Trustee Sllllll deliver to the pOI'chaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shnll be Pl'lma facie evidence of the truth <br />of the statements mnde therein. Trustee shall apply the proceeds of the sale ia the following order: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, Including the pnyment of the <br />TI'uslee's fees actually incurred and rensonllble attorneys' fees as permitted by AppliCable Law; (b) to <br />all sums setured by this Security Instrument; nnd (c) nay excess to the person or persons legally <br />entitled to It. <br />23. Reconveyance. Upon payment of nil sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />"vunmctn&det:il~ed -by 11!hl Secumy- Imtrornent to Tnllitell. 'I'rusll;c"lIhall recllflvey lhe. Properly <br />witllOul warranty to the person or persons legally entitled to it. Such person or pcrsons shall pay any <br />recordation costs. Lender may charge such person Or persons a fee for reconveying the Properly. but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and Ihe charging of the fee ia <br />permitted under Applicable Law. <br />24, Substitute Trustee. Lender, at its option. may from time to time remove Truslee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicnble Law. <br />25, Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br /> <br />~-6AINEII04071.0' <br /> <br />Pllgel 13 ill 15 <br /> <br />,.,arAb <br /> <br />Form 3028 1101 <br />