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- COuRNEY
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rr ~;NMt;'.r„h ~i:, MAY 15.t988
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(Space Be~ow Th~s Lme Reserve~ for Lender and Recorder) ~
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G-309B 6i79 !il! '
_ ~~~~?K 442 ~~,F 9.3~
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Nc~ti-U`~POk~t C~~vF~.~ti~s Borrow•er and Ler.der further covenant andagret as foUows; r
19. Acceleration; Remedies. I.ender shall give notice to Borrower prio~ to acceleratioa fpllowing Borrower's
breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
unless applicable taM provides othernise). The notice shall specify: (a) the defaulh (b) the ~action required to cure the
default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
and (d) that failure to cure the default on or before the date sperifled in the notice may result in acceleration of the sums
secured by this Security Instrument, foreclosure by judicial proceeding a~d sale of the Property. 'Il~e notice shkll further
inform Borrower of the right to reins~ate after acceleration aad the righ+ to sssert in the foreclosure prceeeding the non-
existe~ce of a default or any other defense of Borrower to acceleration and foreclosure. If the defauit is not cured on or
before the date specified in the notice. I.ender at its option may require immediate payment in full of all sums secured by
this Security Instrument r~ithout further demai~3 and may fareclose this Security Instrument by judicial proceeding.
Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including,
but not limited to, reason~ble attorneys' fees and costs of tdt!~ evidence.
20. I,ender in Possession. U~n acceleration under paragraph l9 or abandonment of the Property, Lender (by
judicially appointed receiver) shall t~ entitlecl ia enter upon, take possession of and manage the Property and to collect the '
rents of the Property including those past due. Any rents collected by Lender or the receiver shaU be applied first to
payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees,
premiums on receiver's txmds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. I
21. Release. U~n payment of ail sums secured by this Security Instrument, Lender shall release this Security
[nstrumen; w~ithout charge to Borrower. Borrower shall pay anp recordation :.osts. '
22. Attorneys' Fees. As used in thi, Security Instrument and the Note, "attorneys' fees" shail include any attorneys'
fees aw~arded by an appellate court.
23. Riders to this Seeurity~ Instrument. If one or more riders are executed by Borrow~er and recorded together with
this Securit~~ Instrument, the cuvenants and agreements of each such rider shall be incorporated into and shall amend and
supplement the co~enani~ ~nd ax~eements of this SE~urit}• Instrument as if the rider(s) w•ere a part of this Security
Instrument. [Check applicable bo~(:sl)
'=g Adj~.?stable Rate Rider : Condominium Ridzr ~ 2-~ Family Rider
~J Graduated Pa~•ment Rider Planned Unit De~~elopment Rider
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~ Other(s) (specify] ~ ~
Bl' S~G~t~c; BFt.<~tt', Borrower accepts and agrees ro the terms and covenants e;ontained in this Securit}~
[nstrument and in an}~ rider(s) executed by Borrower and recorded w~ith it.
Signed, sealed and deli~ered in the presence of: ~
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r Lenore Hinnant -~0`•°iMe`
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~ -BO,'rOwer
L ( pace Bebw This Line For AcknowtedgmentJ -
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