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<br />88- 10180l
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<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agrce as follows:
<br />19. Acceleration; Remedies. under 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 />unle55 applicable law provides otherwise). The notice shall specify: (8) the default; (b) the action required to cure the
<br />default; (c) a date, not less tban 30 days from the date tbe notice is given ~o Borrower, by which the default must be cured;
<br />and (d) that failure to cure tbe 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 rigl1t 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 noticc, Lcnder
<br />at its option may require immediate payment in full of all sums secured by this Security Instrument without fnrther
<br />demand and may invoke the power ofsale 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 />If the power of sale is invoked, Trustee shall record a notice of default in each county in which an)' part of the
<br />Property is located and shall mltil 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 />saie to the persons Bnd in the manner prescribed by applicable law. Trustee, without dcmand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated jn the notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone 581e of all or any parcel of the Property by
<br />public announcement at the time and place of any previously scheduled sale, Lcnder or its designee may purchasc the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed com'c)'ing 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 shaH 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 />20. Lender in Possession. Upon acceleration under paragraph I{) or abandonment of the Property, lender (in
<br />person, by agent or by judicially appointed receiver) shall be entitled to enler 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 ProperlY ,ll1d collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable allorneys' fees. and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by this SCl:urity Instrument, lendcr shall request Trustce to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debl secured by this Security
<br />Instrument to Trustee. Trustee s"ttall reconvey the Property without warranty and witlwlIt 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 sllcces;:;or trustee
<br />to any Trustee appointed hereunder by ail instrument recorded in the county 111 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 requests that copies of the notices of dcfault 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 ulld recorded together with
<br />Ihis 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 ridcr(s) were a part of this Security
<br />Instrument. [Check applicable boll(es))
<br />o Adjustable Rate Rider [.J Condominium Rider 0 2-4 Family Rider
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<br />o Graduated Payment Rider 0 Planne:i Unit Development Rider
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<br />~ Other(s) [specify] ACKNOlVLEDGE~1ENT OF POloJER OF SALE DTD 04/01/88
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<br />By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants 7d in this Security
<br />(n",umm'a.d In any ,Ide,(,) execu'''' by llo,mw<l a.d 'a"::~~,:o~~.............(S"'1)
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<br />JO~GADEN -Bot/owe.
<br />lSpace Below This line For Acknowledgmentl
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<br />Sf ATE OF
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<br />COUNTY OF
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<br />The foregoing Instrument was acknowledped before me this 1ST DAY OF APRIL 1988
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<br />(date)
<br />bJW.u.L.I.AM..O,~~~.A.JQYC..E;.9..GM~!'t,..l,lP.~~~I?..~ WIFE,AS JOINT TENANTS HITH RIGHT OF
<br />SURVIVORSHIP & NOT AS TENfu~TS IN r.oMMrlN ' ... .. ~..... ....., . . . . .. . .... . . . ..,...................
<br />, \PCfSOJ1'{q-acJmowledgmg)_
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<br />t..~ L HOWARD
<br />., -. Mr. It ..
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<br />a.~<<-'I ,;;{ d~~~t~~c:-: ... i"~!.)
<br />Notary Public
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<br />My Commission ellpires:
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<br />Thil iOlllUlIl{'n! was prepared by,. tlP.llWf~ST. lSA~. NJ~IJAASJ(A~W...A., .., ,., . . ... ., . . . . . . . . ... , " , , , .., . ..
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