HomeMy WebLinkAbout1490 reasonab!e attomey s fees: and (dl takes such act~on as Lender may reasonably requ~re to assure that the I~en oi th~s Secur~ty
Instrument lender's nghts ~n the Property and Borrower's ob6gahon to pay the sums secured by th~s Security Instrument shall
cont~nue unchanged Upon re~ns1atemer!t by Borrower. this Secwity Instrument and the ob~~gations secured hereby shall rema~n
fully effect~ve 2s ~f no accelerat~on had cccurred However, th~s right to re~nsiaee shall not apply in the case oi accelerat~on under
paragraphs 13 or 17.
NON-UNIFORM COVENANTS Borrower and Lender further covenant and agree as follows.
19. Acceitratlon: R~medl~s. Lender shall give not~ce to Borrower pr~or to accelerat~on followmq Borrower's breach of
any co~~enant or agreement ~n th,s Secur~ty Instrument (but not pnor to accelerat~on under paragraphs 13 ard 17 uNess appi~cable
law prov~des otherw~se) The noUce shail spec~fy: (a) ihe default; (b) the acl~on reqwred to cure the detault; (c) a date. not tess than
30 days from the date the not~ce ~s g~ven to Borruwer, by wh~ch Ihedeiault must be cured: and ( d) that ta~iure tocurethe default on or
beiore the date spec~hed m the not~ce may result ~n accelerat~on of the sums secured by th~s Secur~ty Instrument, forec?osure by
;ud~c~ai proceed~ng and sale of the Property The no2ice shall further mform Borrower ot the nght to remstate aiter accelerat~on and
the r~ght to assert in the foreclosure proceeding the non-ex~stence of a detault or any other detense of Borrower to accelerat~on and
foreciosure If the default is not cured on or betore the date spec~f~ed ~n the notice. Lendsr at ~ts opt~on may require ,mmed~ate
payment ~n luil of al1 sums secured by this Secunty Instrument without further demand and may fore~lose th~s Secunty Instrument
by ~ud~c~ai proceed~ng Lender shatl be entitled to coilecl atl expenses ~ncurred ~n purswngtheremed~es prov~ded ~n th~s paragraoh
t9. ~nclud~rg, but not I~m~ted to. reasonable attcrneys' fees and costs of t~t1e ev~dence
20. LendK in Possesslon. Upon accelerat;on under paragraph 19 or abandonment of the Property. Lender (by ~ud~c~aliy
appo~nted receiver~ shall be ent~tled to enter upon, take possess~on of and manage the Property and to collect the rents of tne
Property mclud~ng those past due Any rems collected by Lender or the rece~ver shall be applied l~rst to paymenl o! !he costs ot
management of the Property and collection of rents. ~nctudi~g. but not lim~ted to receiver s fees. prem~ums on rec:eiver s bonds and
reasonable attorneys' fees. and then to the sums secured by this Secui~ty lnstrument
21. Release. Upon payment of all sums secured by th~s Secunty Instrument. Lender shalt releasp th~s Secur~ty Instrument
without charge to Borower Borrower shall pay any recordation costs
22. Attomtys' Fees. As used in this Securdy Instrument and the Note. atierneys' lees shall mclude any attomeys fees
aw~arded by an appeiiate court
23. Riders to thfs Secu~ity Instrument. If one or more r~ders are executed by Borrower and recorded together w~th th~s
Secunty Instrument. the covenants and agreements of each such r~der shali be ~ncorporated ~nto and shall amend and suppiement
the covenants and agreements of th~s Secunty tnstrument as rf ihe nder(s) were a part of th~s Secunty Instrument [Checic
appi~cab~e box(es>]
~ Ad~ustable Rate Rider Q Condominium Rider 0 1-4 Fam~y R~der
~ Graduated Payment Rider ~ Pianned Unit Development Rider
~ Other(;) [spec~iyJ
BY SIGNING BEL01N. Borro~ver accepts and agrees to ihe terms and covenants conta~ned ~n th~s Secunty Inst!ument and ~n
any nderisl execu?ed by Borrower and recorded w~th it ~
(Seal)
~ I~,~ Ba~eaer
S n d seated and ~vered i t presenc~ of _~G22l~Ic.+L~ ~ (Seai)
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STATE OF DA, County ss:
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~ t hereby certify that on this day, before me, an off~cer duly authonzed in the state aforesaid and m the county aforesaid
? to take acknowledgements, personally appeared JOSEPH T. IACONA and MARTHA L. IACONA~, hnsband
~ and wif e , to me known to be the person(s) described in and who executed the
~ foregoing instrument and acknowledge before me that they executed the same for the purpose therein
~ expressed.
~
~ WITNESS my hand and off~cial seal ~n the county and state aforesaid this 9rh day oi
° January , t g 90
MyCommission Expires: ,\S ~ ~ ~
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