HomeMy WebLinkAbout0995 aontained in this Security Instnurnnt; or (b) entxy of a~udg~rnnt enforcirr~ this
Security Instnm~ent. 'Ihose oonditions are that Borraw~er: (a) PaYs Iender all
sinns which then wr~uld be due w~der this Seaurity Instnm~ent aryd the Note secured
hereby had r~o aoceleration oocurred; (b) c.ures any default of any other anrenants
or agreements; (c) pays all e~es incurY~ed in enforcing this Security
InstnLrn~nt, including, ~t not limited to, reasonable attorneys' fees; and (d)
takes such action as Iender may reasonabZy require to assure that the lien of
this Sec,urity Ins~nm~nt, Lexxier's rights in the Pr~pesty ar~d Bon~rer ~ s
obligation to pay the su~ns s~cured by this Security Instnmtient shall oontinue
unGhanged. Upon reir,statem~nt by Borrower, this Se~curity Instnm~e.nt and the
obligations secured her~by shall remain fully effective as if no aooeleration had
oocurred. Hvwever, this right to reinstate shall r~ot apply in the case of
aoceleration under paragraphs~l0 or 14.
16. AOCECII2ATICIN; RII~IES.
I~nd~r shaLl give not.iae to Borraa~r prior to aooeleratioa~ follvwi~
Bon-~ow~x's breadi o~ any c~nant or agnemtierit in this Seairity (but
not prior to aooeleration ~r n~r~~~
~ 10 arr3 14 tmless apQlic.~ble law
provide.s othetwi5e) . 7~e natiae shall s~ecify: (a) the default; (b) the ac~ion
rec~uix~ed to cxu~e t2~e default: (c) a date, rot less than 30 days fi~cm the date
native is gi~en to Borra~ae,r, by whidi the c3efault mus~ I~e amed: anci .(d) that
failime to c~e the c~efault or~ or before the date specified iti t2~e ~.ioe may
r~ult in aoc~leratian of the s~aas seait~eci by this Seairity ,
fore~lost~ by judici~al proae~eding and sale of the Prvperty. ~e mtive sh~11
furtheac infoYm Bon~owex of t2~e ric~t to reir~tat~e after aaoeleration ar~d the
ric~t to ~~.sert in the fo~lo~ pzboeeding the ' of a c3efault o~r
arYy ather defe~ of Borxvwn.r tv aooeleratirn and far~lasame, If the de~ault is
r~t aireci or~ or before the date specified in the notive, Len~x at its aptirn any
~ns i m i,~ i~~ , payment in fvll of all s~ s~ecxmed by t-his Sewrity Instnm~ertt
wit2aait fi~t~r ~nd and a~y forec~.lose this SewritY bY' 7vdicial
P~n3. Ze~ex rese~.ves tmto itself the right to seiae arYy azri all
d~sic~ated aooamts as prwided for in the Nvte se~au~ed hereby as partial or
t~t-al payment, at I~x!s sole discz~etiaa~ or as gwerneci by applicable law or
i~egulatio~n, of a11 si.aas sec~med by this Seancitx . Ierr~er st~all be
P1Yt.lt'1~d t0 (J~110C."t 111 e}~S ]~1Q1Y2~d 171 =atrv~im ~l~ I'~d1eS pY~OV1C~0[~ lIl
thLS paragrapti 16, inaluciing, but nat limited to, reasor~ble atto~s' fees and
oosts of title ~vic~erioe.
17. L~N1~3t IN P06SF~SIC[~1.
Upon aooeleration under paragraph 16 or abandorn~t of the Property, Lender
(by judicially appointed receiver) shall be entitle to enter upon, tak~e
possessiQn of and manage the Prop~xty and to oollect the rents of the Propesty
incZudi.ng those past due. Any rents ~llect.ed by I,en~der or the reoeiver shall be
applied first to the gayment of the c~osts of manag~nt of the F~~perty ar~d
oollection of rents, including, but not limited to, reoeiver's fees, premiwns ott ~
receiver's bonds and reasonable attorneys' fees, and then to the slmts sec~red by '
this Security Instnm~nt. '
18. IZQFASE. '
' Upon gayment of all simts secured by this Security Tnstnnnent, Lender shall
I rel~ase this Security Instnun~nt without charge to Borrawer. Borrower shall pay
any reoordation oosts.
19. A'I'I~L•'X~S FF~.
As u.sed in this Security Instnune.nt and the Note secured hereby, "attorney's
` fees" shall include any attorr~ys' fees awa~3ed by an appellate oourt.
~
20. RID~IIZS ZO Zg~S SDQJRITY . -
~ If one or more riders are executed by Borrawer ar~d reaorded together with
this Security Instnunent, the oavenants ar~d agreem~nts of each such rider snall
~ be it~orporated into ar~d shall am~,.r~d and supple~nent the oavenants and agre~nts
of this Security I~t as if the rider(s) were a part of this Security
~ Instrtunent.
BY SIC~VING SEIaW, Horraaer aooepts and agrees to the t~.rnts ar~d oovenants
oontained in t2~is Security Instnm~x~t ar~d in ariy rider(s) executed b~y Bontiw~r
and recorded with it.
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BUnK 576 FA~~ 995
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