HomeMy WebLinkAbout2265 NoN-UNIFnRM CUVENA~TS. Borrower and l.ender i'urttier covenant and agree as follows:
19. Acceleratioa; Remedies. Lender shall give notice to Bonower prior to acceleration following Borrowe~'s
breach of any covenant or agreemeat ia this Security Inst~ument (but aot prior to acceleration under paragraphs 13 xnd 17
uniess applics~ble Iaw provides otherwise). Tbe aotice shall specify: tbe default; (b) the action required to cure the
default; (c) a date, aot less than 30 days from the date the aotice is gi~ee to Borrower. by w6ich the default must be cured;
and ld) t6at tailure to cure the default on or beforc the date speciHed ia t6e rwtice nu?y result in ~cceleration of the sums
secured by this Security Iastrument, foreclosure by judiclal procceding and sale of the Property. The notice slw11 turthe~
infor~n Borrower of the rig6t to reiost~te sifter accelentioa and the right to sssert in the fo~eclosure procccding the non-
existence of a ddault or any other.defense of Borrower to acceleration nnd fo~eclosure. If the de[a~lt is aM cured on or
before thc date speciRed in the notice, Lendcr at its optioa may require immediate payment in tull of all sums secured by
this Security Iastrument without lurther demand ~ad may foreclose this Security Iastrument by judicial procccding.
I.ender shall be entitled to collect all expeases incurred ia pursuiag the remedies prnvidtd in t6is paragrap619, including,
but not fimited to, reasonable attorneys' fees and costs of title evideace.
20. Lender io Possessioa. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (by
judicially appointed receiver) shal) be entitled to enter upon, take possession oCand manage the Property and to collect the
renis ai' the Property including those past due. Any rents collected by Lender or the receiver shali be applied firSt to
payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, ~
premiums on receiver's bonds and reasonabie attorneys' fees. and then to the sums secured by this Securiry Instrument. !i
21. Release. Upon payment of all sums secured by this Security Instrument, L.ender shall release this Security
Instrument without charge to Borrower. Borrower shall pay any recordation costs. ~ '
22. Attorneys' Fees. As used i~l this Securily Instrument and the Note, "attorneys' fees" shall include any attorneys'
fees awarded by an appellate court.
23. Riders to this Security Instrumeat. If one or more riders are executed by Borrower and recorded together with
this Security Instrument, ihe covenants and agreements of each such rider shall be incorporated into and shall amend and
supplement the covenanis and agreements of this Security Instrument as if the rider(s) were a part of this Security
Instrument. (Check applicable box(es)]
_ ~ Adjustable Rate Rider ~ Condominium Rider ~ 2-4 Family Rider _
~ Graduated Payment Rider ~ Planned Unit Development Rider
,
~ Other(s) [specify] ~ '
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BY SIGNING BELOw, Borrower accepts and agrees to the terms and covenants contained in {h ~..~nty
Instrument and in any rider(s) executed by Borrower and recorded with it. ' s.~ - y
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SYCAMORE BUILDING & INVESTMEIQT `f'~ • 4 , •
Signed, sealed and delive ~ he presence of: t ~ J._
.~~.(~~~J~~~'f. BY : .~~i!!IG~'~~.~ ~ f ; ~ ~ ~
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.Jo M. Julien, esider?~ r.s= i~. at
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STATE OF ~~i~ lN COUnty ss: ! ~ 1
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I hereby certit'y that on this day, before me, an officer duly authorized in the state aforesaid~ac~i iti 1he~un~X
; aforesaid to take acknowledgements. personally appeared Joan M. Julien, President of SYG~~MORLf'
~ BUILDING & INVESTMENT CO.
! , to me known to be the person(s) described in and who executed the
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foregoing instrument and acknowledged before me that she executed the same for the purpose therein ex-
~ pressed., on behalf of the said corporation.
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j WirNt~ss my hand and official seal in the county and state aforesaid this 18th day of
~ JANUARY , 19 90 .
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' My Commission expires: i { - ~ - ~ 3 +
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