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<br />90•• -10555 r•
<br />NoN•UN!FURm C0VFNANTs Horrowerand Lender further covenant and agree as follows:
<br />19, Acceleration; Remedies. Lender Asti give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in title Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />nalesn applicable law provides otherwise). The notice shall specify: (a) the defeulit (b1 the action required to cure the
<br />dlefalt; (e1 a date, not Ise than 30 days from the date the notice Is given to Borrower, by which the default must be cured;
<br />and (it) that fallen to cute the Minh on or before the date specified In the notice may result in acceleration of the sums
<br />secured by this Security Instrument and ale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default In not cured on or before the date specified in the notice, Lender
<br />at its option may require Immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses Incurred in pursuing the remedies provided in ibis paragraph 19. including; but not limited to,
<br />resssiaable attorneys' fees sad costa of title evidence.
<br />If the power of sale 4 invoked, Trustee shall record a notice of default in each eoanty is wlnticil any part of the
<br />Property is kcatedl call shall mail copies of such notice in the manner prescribed by appf icabte• Law to Borrower and to the
<br />other persolas prescribed by applicable law. After the time required by applicable low, Trustee slap give public notice of
<br />ale to the pe seas sad is the manner prescribed b) applicable low. Trustee. witbout demand on 6acrower, shall sell the
<br />Property at pablk auction to the highest bidder at the time and place and under dote terms designated [a the notice of sale in
<br />one or more parcels and is any order Trustee deteratlsk —s- Inistee may postpow sale of all or any parcel of the Property by
<br />.public astiouncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />'Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Paropeity. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to aid (expenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted by applicable low and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; sad (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, !_ender (m
<br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br />i Property and to collect the rents of the Property including those past due. Any rent% collected by Lender or the receiver
<br />j shall be lipplied flit to payment of the cast= of management of the Property and collection of rents. including, but not
<br />limited to, rece'iver's leis, premiums on receiver's bonds and reasonable attorneys' fens, and then to the sums secured by
<br />this Security Instrument.
<br />21. Ileconveyanee. Upon payment of all tiums secured by this Security Instrument, Lender %hall request Trustee to
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<br />reconvey the Property and shall surrender Ihis Security Instrument and all notes evidencing debt recuted by this Security
<br />1 Instrument to Tmstee. Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons ~hall pay any recordation costs.
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<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint u succc %%or trustee
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<br />j to any Trustee appointed hereunder by an instrument recorded In the county in which this Security Instrument is recorded.
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<br />1 Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />j 23. Request for Notices. Borrower requests that copies of the notices of default and sale he sent to Borrower's
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<br />addtess which is the Property Address.
<br />24. Roden to this Security Instrument, If one or more rider., are executed by Burrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider %hall he incorporated into and shall amend and
<br />supplement the covenants and agreements of this Securty Instrument as if the rider(s) were a part of thi% Security
<br />Instrument. [Check applicable hoix(e&)]
<br />❑ Adjustable Rate Rider Condominium Rider 2-4 Family Ridley
<br />1 ❑ Graduated Payment Rider L] Planned Unit Development Rider
<br />❑ aher(s) [specify]
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<br />BY SIGNIN(i BEIM, Borrower accept% And agrees to the terms wd cotenants contained in thi% Security
<br />Instrument and in any nder(s) executed by Horrtvvter and recorded with it
<br />.......................... ...............................
<br />William"- IP+ t n
<br />W.
<br />i� c -I 15rai)
<br />^A�11'iMfr
<br />Diane L. Petersen
<br />Ni •Ut- or NERRAS1.4. Hall l Inullt ��
<br />On tells 26th flat of September rAU hcllnt n1c, 'i a uldrl %1�nrtt, ,1 1i1,1,1't 1'anll.
<br />duly commissioned and yualiticJ tot ttaal .tnnut,;lc1 %11n-fIlt .stmt• William H. Petersen and Diane L.
<br />Petersen, each in his and her runt right, and as spouse of each otherlll fill, I,nllttn tit Ile• 11,.
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<br />Mentical person(s) tthi -v ii-imelo :tic %uhttnhcd to ihr Imcgoill' m,ltunirur Intl -fCinottli.t }td lhr exctuntln
<br />thertof to be emir volottur% ant and ticctl
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