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<br />Nct'N•LINItaRM COVENANTS Burrower and Lender further covenant and agree ali follows:
<br />19. Accelaratioa; Raasedles, l.sader shall give notice to Borrower prior to acceleration following Borrower's
<br />branch of any covessat or agreement in thls Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otbenvise). The notice shall specify; (a) the defioult; (b) the action required to cure the
<br />default; (c) a date, not 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. 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 accelerstlea and sale. If the default Is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate payment in fall 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 this paragraph 19, Including; but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />It the power of sale Is invoked. Trustee shall record a notice of default In each county in which any part of the
<br />! Property is located and shall mail copies of such notice in the manner prescribed 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, without demand on Borrower, shall sell Cite
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale Is
<br />one or more pareeb and in nay order Trustee determines. Trustee may postpone sale of all or any parcel of the Property b;i
<br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />i 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 />Property. 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 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 sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />i 20. Leader In Possession, Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, by agent or by judicially appointed receiver) shall he entitled to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents. Including, but not
<br />limited to. receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sum, flecurell by
<br />this Smurity Instrument.
<br />21. Reeonveyance. Upon payment of all sums secured by this Security Instrument. Lender %hail request Trustee to
<br />reconvey the Property and shall surrender this Secunty Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />_
<br />legally entitled to it. Such person or perw. n% shall pay any recordation cast%.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor truster
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />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 />23. Request for Notices. Borrower request♦ that copies of the notices of default and sale he sent to Borrower's
<br />address which is the Property Addlress.
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<br />j 24. Riders to this Security Isstrument. If one oc more riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenan. -s and agntemenas of each such rider shall he incorporated into and shall amend and
<br />supplement the covenants lutct aigreemtentN of this Security Instrument as if the rider(%) were a part of this Security
<br />rf
<br />Instrument. [Check applicable IN-m ;es))
<br />C] Adjustable Rate Rader Condomtnium Rider `1 2-4 Family Rider
<br />'� I1 Graduated Payment Raider Planned Unit Mveiopmeni Rider
<br />Other(s) [specify)
<br />1'.
<br />BY SIONINO BELOW. Nowflowerr aompis and Agree% to the term% and covenarors conutoteJ in ibis Secartry
<br />:
<br />Instrument and in any nder(s) executed by ®orTower and recorded waab at
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<br />James W. Lohman, Jr. Deborah S. Lohman porfoww
<br />................................ ............................... .. ..... (Saul)
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<br />S I A I I of Ni nit 1%A Hall (t11i111% ..
<br />On this Ist J.ty Ill October IV 90 hf f••r,• a.:, Illy 1111ticl.len..l. .t N. ..' \ 11t+hll\
<br />duly rtlmmi%%ioricd .told ytiahhcd tilt said oourm, per,on.11lk ..trtt,: James W. Lohman. Jr. anel Deborah S. _ -�_ -_-
<br />Lohman, each in his and her own right, and as spouse of each otner lilt A1111 \ \ll I•' 11, ill,
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<br />thereof Its be their %olunlal% a.i and deed.
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