HomeMy WebLinkAbout1525 NoN•UNtFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
19. Accelention; Remedles. l.ender shall gire notice to Bonower prio~ to acceleratioa following Borrower's
breach of any coveaant or agreement ia this Security Instrumeat (but not prior to acceleration under paragraphs 13 and 17
unless ap~licsble law prorides otherwise). T6e aotire shall spexify: the defaulh, (b) t6e action required to cure the
default; (c) a date, not iess than 30 days fmm t6e datt the aotire is given to Borrower, by which the detault must be cured;
and (d) that tailure to cure tLe default oa or before the date speciAed id t6e aotice nwy result in ~cceleration of the sums ;
secured by thls Security Iastrumeet, foreclosuro by judicial proceeding and sale of the Property. The notice shall further '
ieform Borrower o! the right to rcinstate after accelention and tht right to assert in ttte foreclosure proceeding the non- ~
existence of w defauit or aay ot6er defease o! Borrower to acceleratioa and foreclosure. If the default is not cured on or
be[ore t6e date speciNed in the notice, I.ender at its option may requ~re immediate p~yment in full ot all sums secured by
this Security lastrumeat without fnrtAer demand and may foreclose tt~is Security Iastrument by judicial proceeding.
Lender shxll be entitled to rnUect all expenses incuretd in pursuing tbe remedies provided in this pstrstgmph 19, including,
Dut not limited to, ressonable attoreeys' iees and cosb of titie e~ideace.
20. Lender ia Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (by
judicially appoinied receiver) shal! be e~titled to enter upon, takt possession of and manage the Property and to collect the
rents of the Property including those past due. Any rents collected by L,ender or the receiver shall be apptied first to
payment of the costs ot management of the Property and collection of rents, including, but not limited to, receiver's fees,
premiums on receiver's bonds and reasonsble attorneys' fxs, and then to the sums secured by this Security Instrument.
21. Release. Upon payment of all sums secured by this Stcurity Instn?ment, Lender shall release this Securiiy ~
Instrument without charge to Borrower. Borrower shall pay any recordation costs. 4
22. Attomeys' Fees. As used in this Security Instrument and the Note, "attorneys' fees" shall include any attorneys' ;
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fees awarded by an appellate court.
23. Itiders to this Security Instrument. lf one or more riders are executed by Borrower and recorded together with ~
this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and ~
suppfement the covenants 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~ Family Rider _ ~
L] Graduated Payment Rider ~ Planned Unit Development Rider
? Other(s) [specify] '
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security 3
Instrument and in any rider(s) eaecuted by Borrower and recozded with it. 3
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Signed nd delivered in the presence of: • ;
~
.~!~,l;.............----........ (Seal)
KRISTII~t A IDER -e«~o~.
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:~J`.T~ ..------..~!lec. . . . ......................-~---....(Seal)
PAUL J . S~IDIIt -eo.'o,°e'
STATE OF SOtTII~I CAROLINA, County ss: ~~,Lpi~.~ ~
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
~ aforesaid to take acknowledgements~ persenally appeared
~ KRISTIN A. SC~-INEIDIIt arxl PAUL J. SCHNEIDIIt, her husband ~
~ , to me known to be the person(s) described in and who executed the ~
~ foregoing instrument and acknowledged before me that they executed the same for the purp~se therein ex- :
~ pressed. ~
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~ WiTNESS my hand and official seal in the county and state aforesaid this ~ day of
;
~ January , 19 90 .
~ 111y Commission expires: 2, i9 9~
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~ l. . . . . . . . . ..Notary Public . . . . . . . . . . . . . . . . . . . .
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