HomeMy WebLinkAbout2774 NoN•UNIFORM CovE~~~tTS Borrower and Lender further covrnam and agrce a~ faUows:
19. Acceleration; Remedies. I.ende~ shail givt notlce to Bor~ower prior to acceleration tollowing Bor~owe~'s
breach ot any covenant o~ agreement in this Security Iastrement (but eot prior toaccticration under paragraphs 13 and 17
unlesf applicable law provida otherwise). The aotice shall specify: the default; lbl the action required to cure the
detault; (rl a date~ not less tbaa 30 days troro the date tbe aotice is giren to Borrower. by which the default must De cured;
and (d) thst tailure to cure the detault oa or betore the date specified in the notice ~nay result in accelention ot the sums
secured by this Stcurity Instrumtat~ torecioaure by judicia! proceeding aad s~1e o~ the Property. The notice shall fuhher
inform Bonower ot the rigbt to reinstate after accelentfon and the ~igbt to assert in tht toreclosure procecding the non-
existeece of a default or any other, defense ot Borrower to acceleration and toreriosure. !t the defautt is not cu~ed on or
betore the date speciRed in the notice, Lender at its option may requin immediate paymeat in full ot all sums secured by
this Security tnstrument without further demand and may foreclose this Security Instrumeat by judicial p~oceeding.
Lender sball be entitled to collect all expeases incurred in pursuinq the remsdies provided in this pangraph 19~ i~cluding,
but aot limited to. ~asonable attoraeys' fea and costs of tide e~ideACe.
20. Lender ln Poasession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (by
judicially appointed receiver) shall be entitled to enter upon. take possession of and manage the Property and to coilect the
rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to
payment of the costs of management of the Propeny and collection of rents, including, but not limited to, receiver's Cces,
premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums secured by this Security Instrument.
21. Release. Upon payment of all sums secured by this Security Instrument. L.ender shall releas~ this Security
lnstrument without charge to Borrower_ Borrower shall pay any recordation costs.
22. Attwneys' Fea. As used in this Security Instrument and the Note, "attorneys' fces" shall include any attorneys'
fe~es awardod by an appeUate court.
23. Riders to this Security Iostrumeat. lf one or more riders are executed by Borrower and recorded together with
this Security Instrument. the covenants and agreements of each such rider shatl be incorpurated into and shall amend and
supPlement the covenants and agreements of this Secnrity Instrument as if the rider(s) were a part of this Security
Instrume~t. [Check applicable box(es)]
? Adjustable Rate Rider ~ Condaminium Rider ~ 2-4 Family Rider
~ Graduated Payment Rider ~ Planned Unit Development Rider
~ Other(s) [specify]
1421519
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