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200606978 NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breacb of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otberwise). The notice shall specify: (a) the default; (b) tbe action required to cure the default; (c) a date, not less tban 30 days from the date tbe notice is given to Borrower, by which the default must be cured; and (d) that failure to cure tbe default on or before tbe date specified in tbe notice may result in acceleration of tbe sums secured by this Security Instrument and sale of tbe Property. Tbe notice sball further inform Borrower of the right to reinstate after acceleration and the rigbt to bring a court action to assert tbe non-existence of a default or any otber defense of Borrower to acceleration and sale. If tbe default is not cured on or before tbe date specified in tbe notice, Lender at its option may require immediate payment in full of all sums secured by tbis Security Instrument witbout further demand and may invoke the power of sale and any otber remedies permitted by Applicable Law. Lender sball be entitled to collect all expenses incurred in pursuing tbe remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee sball record a notice of default in each county in wbich any part of tbe Property is located and sball mail copies of sucb notice in the manner prescribed by Applicable Law to Borrower and to tbe otber persons prescribed by Applicable Law. After tbe time required by Applicable Law, Trustee sball give public notice of sale to the persons and in tbe manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the bigbest bidder at the time and place and under tbe terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at tbe time and place of any previously scbeduled sale. Lender or its designee may purcbase tbe Property at any sale. Upon receipt of payment of tbe price bid, Trustee sball deliver to the purcbaser Trustee's deed conveying tbe Property. The recitals in the Trustee's deed sball be prima facie evidence of the truth of the statements made therein. Trustee shall apply tbe proceeds of tbe sale in the following order: (a) to all costs and expenses of exercising tbe power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. Page 13 of 15 Initials; F/)~/q;g 8800119182 8800119182 .-SAINE) (0407).01 ~ Form 3028 1/01