HomeMy WebLinkAbout0938 ,
NoN•U NIPOR~1 GovEN~Nt'S. Borcawe: a~d l.tc~der furthcr cuvenant a~d agree as foila~rs~
19. Acceleatioa; Remedies. Lender shsll give notice to Bor~ower pciot to ~cceleation foHowing Borrowe~'s
breach of any covenant o~ ~g~eement in this Securicy lnstcument (buR not prior to ~ccelention unde~ p~ngnphs 13 and ~
! 7 unleas Rppiiabl~ la~v pmvides othetwiae). The notice ahdt specify: the dtf~ulr tb) the action cequi nd to cuce ~he
defsult; (c) a date, not kss thpn 30 d~ys f~om the date tht notiee i~ given to Borrowe~, by which the defrult muat be cured; •
and (a) th~t failure to cure the defaufc on or beEorc the date speclf ied in the notlce msy ceaul¢ in ~cceleration of the auma
secured by thia Secueity lnstruntent, foreclosurc by judlrIsl proceeding aad aale of che Property.'The notice shtlt further
i~form Borrawer of che right to nlAaace sfter ~cceleation and che right to nssect in the foteclosute proceeding che non-
existence of a default or a~y other defense of Borcower to uceleration and Eoreclosure. lf the default is not cured on or
before the dace apecified ia the notice. I.ender at ica option may require immedi~te paymenc ia full of all aums secured by
this Security Instnament withouc further dem~t?d :nd may fortclose this Securicy Inatrumenc by judicial proc~eedinA.
lxnder sh~ll be entitled to colltct all expe~scs incurted in pursuiag the remedies provided in this pangraph 19,
inctuding, buc aot limited co. re~sonabte ~aorneys' fers and costs of tide evidence.
20. I.ender in Possessioa Upon acteleracion under paragraph 19 or abandonment of the Property, l.ender (by ~
judiciatty appoinced receiver) shall be encicled to encer upon, take possessio~ of and manage che Propercy and cu collect che
rents of the Property including those past due. Any rcnts collected by I.enderor the receiver shall be applied fi~sc to payment
bf rhe costs of managemenc of the Property and collection of rents, including,but not limited to, receiver's fees, premiums on
~ receiver's bonds and reasonable atcorneys' fees, and chen to thc sums serured by this Security Instrumenc.
21. Relesse. Upon payment of all sums setured by this Securicy Instrumenc, l.ender shall release this Securicy
Instrumenc without charge ca &urower. Borrower shall pay any recordacion coscs.
22. Attorneys' Fees. As used in this Security Instrumenc and che Noce, "attorneys' fees" shall include any actorneys' i
fees awarded by an appeliate court.
23. Riders to this Security Insttument. If one or more riders are executed by Borrower and recorded cogecher wich
chis Securicy Instrument, the tovenancs and agreements of each such rider shall be incorpora~ed into and shall amenc~ and
supplemenc che covenants and ag~eemencs of this Security Inscrumenc as if che rider(s) were a part of this Security
Inscrument. (Check applicable box(es)~
? Adjustable Race Rider ? Condominium Rider ? 2-tf Family Rider
? Graduaced Paymenc Rider ? Planned Uoit Devetopment Rider
? Ocher(s) [specify~
BYSIGNIIVG BELOVP, Borrower accepts and agrees co che cerms and covenancs concained in this Securicy Inscrument
and in any rider(s) executed by &~rrower and recorded wich it.
i
Signed, sealed and delivered in che presence of: s
~
. . . . . (Seal) ~
~ .T . 8 COOArOQ -Borrower ~
~ ~
. . „d,~,l, . . ~
(Seah
_ NA C~1 C'i YO~ -Borrower
;
(Spscs Betow This Line for Acknowlsdpment]
STATE OF ~ ~aA~~~`:"Y..... ~~4Lf~'~':. County ss:
~
1 hereby cercify cha~ on chis day. before me, an officer duly aucharized in the srare aforesaid and in che county ~
aforesaid o take acknowledgmencs personally appeared James_ H.,, Coonrod, and, N~ncx, 40RAxQds..,........
' ~is wife '
e o t r o w
co m known t be he pe s n(s) describ~d in and ho execuced che
foregoing instrumenc and aclcnnwledged before me chat th~Y executeci the same for the purpose therein
expressed.
~
W 17'NESS my hand nd official seal in the counc and state aforesaid this . . . . . . . . . . . . , . day ~f
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, My Cc~mmission expires: ~ f -
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