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200700328 NON-UNIFORM COVENANTS. Borrower and Lendt:r further covenant and agret: as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the 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; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the 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 shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice ofsale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the 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 the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order; (a) to all costs and expenses of exercising the 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 paymt:nt of all sums secured by this Security Instrument, Lender shall rt:qut:st Trustt:e to reconvey the Property and shall surrender this Security Instrument and all noles evidencing debl secured by this Security Instrument to Truslee. Trustee shall reconvey the Property without warranly to the pt:rson or persons legally entitled lo it. Such person or persons shall pay any recordation costs. I,t:nder may charge such person or persons a fee tor reeonveying the Property, but only if the fee is paid lo a third party (such as the Truske) for services rt:ndered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lendt:r, at ils oplion, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrumenl recorded in the county in which this Security Instrument is recorded. Withoul conveyance of the Properly, the successor trustee shall succeed to all the title, power and duties conferred upon Truslee 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 wbicb is the Property Address. Initi.ls 1) R G.. .J!;) _ -6A(NE) (0407).01 @ DDS-NET Page 13 of 15 Form 3028 1/01