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<br />NON.UNIFORM COVENANTS. Borrower III1U Lendcr furthcr covenant and agree as follows~8-1 00857
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall spedfy: (a) the default; (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 />llnd(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 2cceleration 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 reejuire immediate payment in full of all sums secured by this Secluity 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 />coUed 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 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 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 maypurc!ll~s,e the
<br />Property at any sale. .
<br />Upon receipt of payment of tbe price bid, Trustee shall deliver to tbe purchaser Trustee's deed conveying tbe
<br />Property. The recitals in tbe Trustee's deed shall be prima facie evidence of the truth of tbe statements made tberein..
<br />Trustee sball apply tbe 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 tbis Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<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 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'sfees, 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 Pr:operty 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 suc.:essor 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 requests that copies of thp. notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to 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 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 Graduated 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 />""I....""nl.nd;n on, rid,,,,,) '='1<<1 by Bn~ and =~..~~.........(S<al)
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<br />ALVIN H. REIMERS -Borrower
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<br />.\:~c!.?~...~...C?~...........(Seal)
<br />
<br />~ E -Borrower
<br />~~.u!o . REIMERS
<br />[SpKe Below This tine For AdlnowleclpnentJ
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<br />STATBOF ~""""""'''''''''}
<br />SS:
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<br />OOUNrY OF ~...........................
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<br />11teroregoing instrument was acknowledl1ed before me this.... ~ 19, 1988
<br />. . . ..................................................
<br />(date)
<br />by .N.Ym.R. ..~ .~.~.~.~ .M~. .IJP.~.~. .WJ.~..................... .... ........
<br />(person(s) acknowledging)
<br />
<br />My Commission . .. .MY'" II.....
<br />Alitl ~....
<br />~ ......,. t-
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<br />170 A . - A 711 v-,1). ~L / A" "
<br />. . . . --1",.".)lll:?:i;<<~~ . .i, '. . '. ~ ~ . /,+;<'-.'{r1.:.:-: : . ~,
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<br />/J Notary Public
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<br />This instrument WQS prepared by......................,......,................................................. ....
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