HomeMy WebLinkAbout2764 ~ Notv-U~t~FORM CovE!~~NTS Borrower and Lcnder further covenant and agrce a~ fallow~:
. 19. Acceleration; Reinedits. Lendtr shall gi~e notict to Borrnwer p~ior to acceleration following 6orrower's
breach oi any covenant or agresment ia this Security lastrument lbut not prior toacceleration under paragraphs 13 and 17 '
unless applicable law pro~ides otherwise), Tbe nolice shall specify: (a) the det:ult; ibl the action required to cure the
dehult; (c) a date. aot less than 30 days trom tbe date the aottce is givea to 8ormwer. by which the default must be cured;
•nd (d) that (silure to cure the defsuit oa or betore the date specified in tbe notice msy result in acceleration ot the sums
serured by tbis Secu~ity Iastrumeat, torecioaure sy judicial procesding and sale ot the Propeny. The notice shall funher
intorrr~ Bonower ot the rl~ht to reinstate aRer acetlention and the rlght to assert in the foreclosure proceeding the non-
existence ot a detault or any othcr,dettase ot Borwwcr to acceleration an~ forcclosure. It the default is not cured on or
before the date specifitd in the notice, I.eade~ at its option may require immediate paymeat in full of all sums secured by
this Security Instrument without turthe~ dcrosnd and may toreclose this Secu~ity lnstrument by judicial proceeding.
L.eader shall be entitled to collect all e:peases incurred in pursuing the nmedies pro~ided in this pangrsph 19, including,
but not limited to, reasonsble attoraeys' fees and eosts of title e~idence.
20. Lender in Pvssession. Upon acceltration under paragraph 19 or abandonment of the Property, Lender (by
judicially appointed receiver) shall be entitled to enter upon, take poss~ssion of and manag~ the P~operty and to coliec~ the
rents of the Property including those past due. Any rents collected by L.ender or the receiver shall be applied first to
payment of the costs of management of the Property and collection oP rents. including, but not limited to, receiver's fees,
premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security lnstrument.
21. Release. Upon payment oP all sums secured by this Security Instrument. Lender shatl relcase this Security
Instrument without charge to Borrower. 8orrower shall pay any recordation costs. I,
22. Attorneys' Ftes. As used in this Security Instrument and the Note, "attorneys' f~es" shal! include any atrorneys' '
fees awarded by an appellate court.
23. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
this Security lnstrument. the covenants and agreements of each such rider shall be incorporated into and shall amend and
supplement the covenants and agreements of this Security lnstrument as if the rider(s) were a pan of this Security
Instrument. (Checlc applicable box(es)j
~ Adjustable Rate Rider ? Condominium Rider ? 2--4 Family Rider
Graduatcd Payment Rider ? Planned Unit Development Rider
Other(s) [specify]
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