HomeMy WebLinkAbout0939 NO~-L'.R~!FORM COVENANTS. Borroa•er and l.endtr further cavenant and agret u[olluws:
19. Accekntba; Ramcdles. Leu~ shail ~ive nMke to Borrower prior to ~ccelcratbn fdbMine Bo+rrower's breach ot aa~
coveaanl or a~reemrat ia this SecwitY Ic~trumeat (but oot prior to ~cceleralioa u~der puagraphs 13 and 17 unkss applkabk
I~w provides otherwise). 7'Le uotFce slwli specity: (a) tbe dttw~lt: (b) tbe action rcquired lo ~u Ibc defantl; lc) a~ate. not less
ttwn 30 days froa~ tbe date the ~wtke is glren to Borro~rer, by whkh thc de[autt mast be curcr~ ~od (d) thal fa~rc to rurc t6e
default o0 or before tbe date spectfkd W the uotke msy resuk in accekratba o~ tbr sums secured by /hk Secu~its l~trumcat,
ronciasun ny juajcia~ proc~ceai~a a~a sa~s ot ~he ~tr. The notke shall turther iatorm Borcower ot thc right to reinst~te afte~
arceleratbn sued tbe ~ighl to assect ie tbe toreclosurc proceeding tbe non-existea~Y o[ ~ defauh or aay other detease ot Borrower
to ~ccekrstioa and [orec~osure. If the detault ic aot cured on or before tlx date s~:4lied in the noticc, Lender st ifs option may
rcquire immedlate paymeat la fuU of all sums secured by this Security lastrument without turther demaad aad may foreclase thtc
Security I~trmaeM by judicW proceeding. I.eader sb~ be e~tltled w~rollect aY enpen~s Incurre~! M pursuiag the reinedie.s provided
ia tbis pa~raph 19, iacludi~, bui aet lin?ited to, ra~sonable ~ttoraeys' [ees and ca~sts ot tilk eviden~Y.
20. Lender in P~oss~sion. Upon accekration unde~ puagraph 19 or ab:;~..~-.:^mern of the Pn~perry. Lender (bY ludicially appointed
receiver) shail be entitled to enter upon, take pos.ussioo of and manage the Property and to collect the rents of the Property including
tlau past due. Any renta colloctod by I.erder or the receiver shall be applied first to payment of the costs of management of the Property
and colkction of rents, including, but uot limited to, roceivtr's fees, premiums on rcreiver's bonds and reasonable attorneys' fees, and
then to the sums secured by this Socurity Instnunent.
21. Rek~e. Upon payment of all sums securcd br this Security lnsuument, Le~der shall release this Seturiq• Instrument without
charge to Borrower. Bomower shall pay any mordation casts.
22. Atta~rneys' Fees. As usod in this Securiry Instrument and the Note. "attorneys' fees" shall ic?clude any attomeys' fees awanied
by an appeliate court.
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23. Riders to t6~ 5ecurity [a~trument. If one cx more riders are executed by Bomower and recorded together with this Security
Instrument, the cov~nants and agreements of e~h such rider shaU be incorporated into and shall amend and supplement the covenants
and agreements of this Security Instrument as if the rider(s) werc a part of this Security Instrument. ~Check applicable box(es)]
? Adjustable Rate Rider ~ Cadominium Rider • ? 2-4 Family Ridcr
? Graduated Payment Rider ? Pianned Unit Development Rider
? Other(s) [spec~fY1
BY SIGNING BELOW, Bomo~°~ *^cepts and agras ro the terms ard covenants contained in this Securiry Instrument and in an~~
rider(s) executed by Borrower and recorded with it.
IN WITNESS WHEREOF, Borrower has executod this Mortgage.
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MANFRED R. NZ
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1 hereby certify that on this day. beforc me, an officer duly autt~orizod in the state aforcsaid and in the county aforesaid to take
acknowkdgmeMS, persa~ally appesred
MAI~FRED R. LENZ AND VIRGINIA LENZ
' , to me known to be tht person(s) described in and who executed the foregoing
instrument and acknowlodged before me that THEY executed the same for tFx purpose cherein exprcssod.
W itness my hand and official seal in the county and state afar~esaid this day of
Oct~a~ber .14 85
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