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<br />87- 107395
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<br />NON, UNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows:
<br />19. Accelerationj Remedies. Lender sball give notice to Borrower prior to acceleration following Borrower's
<br />breacb of any covenant or agreement in tbis Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a d~ti!, 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 non.existence of a default or any other
<br />defense of Borrower to acceleration 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 full of all sums secured by this Security Instrument without further
<br />demand and mllY invoke the power of sale and any otber 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 />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part ofthe
<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 the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement 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 />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee liha11 apply the proceeds of the sale in the foIlowing 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 legaIlyentitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Properly. Lender (in
<br />person, by agent or by judicially appointed receiver) shall be 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 sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security 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 />legally entitled to it. Such person or persons shall pay any recordation costs,
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<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 allthe,title. power and 3uties conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address,
<br />24. Riders to tllis 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 such rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
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<br />o G~d~~ted Payment Rider 0 Planned Unit Development Rider
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<br />~ Other(s) [specify] Acknowledgement
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<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />1"'lmm~1 ,"d;n .ny rid'*l my",'" by Bo"ow",,"d =~.L2,.~..............................(",1)
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<br />LESI'ER D. HAI<I;; , " -Borrower
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<br />.A:t~fr7&:.~?ff{4~.,..,.",(Seal)
<br />MARGARET M. RAKE -BorrOwer
<br />[Si'Ke ,Below T!'is Une For A<knowl~~nl~.., .
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<br />STATE OF
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<br />, ~. . . .. . .. .. , .. .. .. ... } ss:
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<br />................................
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<br />r---
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<br />COUNTY OF
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<br />The foregoing instrument was acknowledged before me this DECEloffiER 30, 1987
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ .. ............
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<br />LFSl'ER D. HAKE AN:> MARGARET M. RAKE HUSBAID AID WIFE (date)
<br />by .....,..,',.,.,..,"',....,...,.,.."..".",.",..".,...."""".,.,...""""",.",.,.."..............
<br />(person(s) acknowledging)
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<br />My Commission expires: 4' ~ -1 - 9 ()
<br />.._MY-" ..
<br />J: 'ATRlceA ...IAMOI"
<br />If eo. bf. .1~
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<br />(~,at.u~/Q, ,~?:~4~:"".,. ~~~9
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<br />Notary Public
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<br />.JILL TOBIN
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<br />This i",trumenl W8< plepared by,
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