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-,s <br />F_ <br />90-- 10564' <br />NON- UNIFORM COVENANis Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrowees <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />:,glens applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, sot less than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Security Instrument and sale of the Property. T1te notice shall further inform Borrower of the right to <br />reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other <br />deter se of Borrower to acceleration and ode. If the default its 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 Indrument without further <br />demand and may invoke the power of sale and any other rewedies permitted by applicable law. Lender shall be entitled to <br />coiled all expenses Incurred is pursuing the remedies provided in this paragraph 19. Including; but not limited to. <br />reasonable attorneys' fees sad costs of title evidence. <br />It the power of sale is invoked. Trustee shall reead a notice of default is each couaty in which any part of the <br />Property is located and shall oWl copies of such notice in the manner prescn'bed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law. Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, witboat demand on Borrower, shall sell the <br />Property at public stardon to the highest bidder at the time and place and under the terms designated in the notice of safe In <br />one or more pareels and in say order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />pt+lhlic aanouncesseat at the time and place of soy previously scheduled sale. Leader or Its designee stay- purchase the <br />Proprwty at any Bak. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the pslrchour Trustee's deed conveying the <br />Property. The recitals in the 'T'rustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply ltAte proceeds of the "le in the following order: do To all expenses of the sale, including, but not limited <br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all spawn secured by this Security <br />Instrument; mad (c) say excess to the person or persons legally entitled tell. <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall be entlldtM to enter upon, take puc:ession of and manage the <br />Property and to collect the rents of the Property including thane Ta%,, due. Any rents collected by Lender or the receiver <br />shall be applied first to payment of the costs of management of ¢he Property -and collection of rents, including, but not <br />limited to, receivers fees, premiums on receiver's bonds and reasonable ationttv.,,- fees, and then to the +urns secured by <br />this Security Instrument. <br />21. Reconvityaace. Upon payment of all sums secured by this Serunt) Instrument, I eager shall request Trustee to <br />reconvey the PwVr ey and shall surrender this Security Instrument c1n a all note% evidencing %ie`+t secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without chargr to the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation scows. <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and 3pprnnt a successor trustee <br />toany Trustee appointed hereunder by an instrument recorded in t he County in which this Security Instrument 1% recorded. <br />Without conveyance of the Property, the successor trustee shall succeed to all the title, txm^er and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests than ,copies of the notices of deiaudt and sale be sent to Borrower's, <br />address which is the Property Addifess. <br />24, Riders +w this Security Instrument. If one or more riders are executed by Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each su.tt t:%;Jer shall be incrnToratt�d into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rldeits) were a part of this Security <br />Instrument. (Check applicable boxles)) <br />Adjustable Rate Rider (] Condominium Rider ] 2-4 Family hider _ <br />Grads:ated Payment Rider 1] Planned Unit Development Rider <br />01her(s) (specify) 1 -4 Family Rider <br />BY SICtiO"yG BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security <br />Instrument and in arty riders) executed bg (harrower and recorded with it <br />Yderick l�t.u. <br />....... ........... ............................... (Seal) <br />.......... <br />L. KofyIs -r►`"' <br />......................................... ............................... .. (Seal <br />StAlt tit NI•nRASLA. <br />Hall Couniv % %: <br />On this 1st day of October ,19 90, heto,e file. 11e untlel %Igned. a Nttl.lr% 11rif,11, <br />duiy commissioned and qu. iiitied for said count ;i.mr,-onallit carnc Roderick L. Korte, an unmarried <br />person . 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