HomeMy WebLinkAbout0998 NoN•UN~FORM CovEN~t~TS [lorrower and Lcnder funher covenant and agree as foltows:
19. Acceleration; Remedies. [.ender shall Qire notice to t3orrower prior to accelerAtion (ollowing DarrowPr's
breach of ~ny coveornt or agreement Irt this Securtty lastruntent (but not prior ~o accelrratiun under p~ragraphs l3 ~nd 17
unless applicable law provida otherwise). The notice shali specify: (a) the defAUlt; tb) the oction ~equired to cure the
default; (c) a dAte, not leu than 30 dAys f~om the date the notice is glven to dorrower, by which the defwult must be cu~cd;
and ld) that tailure to cure the detault on or before the d~te specifled in the notice mAy result (n aeceleration of the sums
secured by this Security lnstrument. foreciosure by judtcioi proceeding and sate of the P~operty, The notice shuil turther
inform Rorrower ot the ~lght to reirtstate aFter acceleratlon and the right to assert ln the foreclosure proceeding the non-
existence of A defAUlt or any othe~ detense ot Bor~oNe~ to acceltration and toreclosure. It the default is not cured on or
before the date specified in the notice, Lender at its option may require immedlate payment in full ot all sums secured by
this Security Instrument without turther demnnd and may foreciose this Security Instrument by judicial proceeding.
Lender shall be entitled to collect ali expenses incurred tn pursuir.g the remedies provided in this pAragraph 19. including.
but not tlmited to~ rcasonable attorneys' tees and costs of title eridence.
20. ~.ender in Possession. Upon acceleration under patagraph 19 or abandonment of the Property, Lender (by
judi:.ially appointed receiver) shall be entitled to enter upon, take possessio~ of and manage tho Proptrty and to coflect the
.rents of the Property including thost past due. Any rents collected by Lender or ihe rer,eiver shalt be apptied First ta
payment of'the costs of managtment ot the Prope~ty and cotteetion of rents, incluciing, but not lirnited to, receiver's fees,
premiums on receiver's bonds and rtasonable attorneys' fecs, and ihen to Ihe sums secured by this Security Instrument.
21. Retease. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instrument without charge to Borrower. Borrower shall pay any recordation costs.
22. Attorneys' Fees. As used in this Security (nstrument and the Note, "attorneys' fees" shall include any attorneys'
fea awarded by an appellate court.
23. Riders to this Seeurity Instrument. [f one or more riders are executed by Borrower and recordcd together with
this Sccurity tnstrument, the covenants and agreements of each such rider shal) be incorporatcd into and shall amend and
supplement the covenants and agreements of this Security [nstrument as if thc rider(s) were a part of tiiis S~curity
Instrument. [Chcck applicable box(es)j
~ Adjustable Rate Rider Condominium Rider ~ 2--1 Family Ridcr
? Graduated Payment Rider Flanned Unit Development Rider
Othtr(s) [specify)
BY SIGN(NG BE~ow, Borrower accepts and agrees to the terms and covenants contained in this Security
lnstrument and in any riderjs) executcd by Borrower and recorded with it.
Signcd, sealcd and delivertd in the presence of: _
IN WITNESS WIIEREOF. Borrower has executcd this Mortgage.
Si~ned, sealed and delivered
in the presenct of:
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. . . . Y . . . . . . . . . . . . . . . . l . . . . . . . . . . . . . . . . . . . . . . . (Seal)
.~itness U ; Stenhens ~n -ao~...
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~t,~~',c:24'?! : . . . . .(St~~
witness % •~/1Tt?.Ii~118 Ste;?hensDTl -gorrvw~r
ST~TE OF ~~X~C . Q~~4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss: ~
I hereby certify that on this day, before me, an oflictr duly authorized in the state aforesaid and in the county
aForesaid to take acknowle~ements, p~rsonally appeared. JQn. .\7.. .~G~.~h~X1S0J~1 , a~14~ .`'.irg inia .
StePnenson, , l~i~, to me known to be the person(s) dsscribed in and who ezecuted the
foregoing instrument and acknowledged bcfore me that. . th~y. ...ezecuted the same for the purpose therein
expressed. ~
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WiTNess my hand and o84ciai seat in the count and state aforesaic~ this. ~ .day of
Dece~~ber lg 86
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My+~ommission expires: ~.%ti ' ' ~ ~ l_-~'~~-
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