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<br />88-102195
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<br />NON;UNIFORM COVENANTS:!Jomiwer'and Lender further'covenant and a~il~~rfoUows: ' \ i
<br />! , -!\': " ;'
<br />,-\...'
<br />19. Acceleration; Remedies.", Lender shall give . nollce to Borrower prior to acceleration following '~~er's
<br />brelllil ofllJ.lY ClOV~aJ1t'llr a~'II1ent in, ,'t~isSecurlty.lnstrument (but not prior to. !ICC!CIeratioll under Pllr~aplisjJ~'and
<br />17 unless applleilblelaw provides otherwise). The notlee shall specify: (li)the defatilt;'(b) theaetlonrequlrfiHoeurethe
<br />default; (e) II date, noUesstban30 da~ from tile date the notice Is giv~ to Borrowlil', by which thedefau!t ,m~tbe ~ured;
<br />and (d) thaUallureto euic the default on or: before the date specified in the notlecinayresult hi aCCeleration of t~e sUms
<br />secured by' ihlS~tylnStrumen(and Sale of the Property. The notice'sllllll further'.lnfrirm BOrrower oftlierlght to
<br />mnslate;, afte( aei:eli;ratloiJ and :the' ~ghf to' bring a court actlonto ilssert the noo-existeneecira default or anyother
<br />defernic' 0 o~'lIcirroWer to wlerallonand s8Je: I 'If the default Is not cured on Or IMifore the' dale specified' 'in, the notice,
<br />Lender ,lit Its. option may require Immediate payment In full of all sums 5eaired by this Security Inslrument without
<br />further~'dCiiilQid alid inay InvOke the: power ohale iUld"anyother remedies petI11lt1ed by applicable'law;, Lender shall be
<br />enlltled toc:ollec:t all expenses InCllrred.ln punulng the remedies provided In this paragraph 19, including, bulnot limited
<br />10, reasonable attorneys' fecisandcosls of.tiUe evidence.
<br />Ifth~ ~w.of:;.~c.I5'lnvOk~1 Tnrstceshall record a notice of default In each county In which any part of Ihe
<br />I)roperty is located and shall mall coPies of such nollee in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed byapplicableJaw. After the timc required by applicable law, Trustee shall give publie notiee of
<br />sale 10 Ihe persons and in the manner prescribed by applicable law. Trustce, without demand on Borrower, shall sell the
<br />IOroperty at publie auction to the highesl biddcr al the tlmeJ~Jldplaq:andunder,Jbe..terms'deslgnated in the notice ofsalo
<br />in one or more parcels and In any ord"... Trustce determineS. . TrustllclmIlJ'fcis~pCiiie;> 0 e or'~1 or any parccl of the Property
<br />by public announcement al the time and p1aee of any previously Ilibedliloil.wli!. ils designee may purchase the
<br />l)ropCrty at any sale. " ,v" ;flbtQd;r.m!lJ ~~ _
<br />, Upon rceeipt of payment of the price bid, Trustee l shiilr'ifeJrVerto""the"'''p.;rchaser Trustee's deed conveying the
<br />Property. The recitals in Ihe TrllStce,s deed shall be prima facie evidence of the truth of the, stalements made therein.
<br />Truslee shall apply the proceeds of the sale In Ihe following order: , (a) to all expenses of the sale, including, but not limited
<br />10, Trustee's fees as permitted by applicable law and reasonable allorneys' 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 J 9 or abandonmenl of the Property, Lender (in person.
<br />by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to
<br />collecl the renlS of the Properly including those past due, Any rents colleclcd by Lender or the receiver shall be applied first to
<br />paym~'fIt of the costs of management of Ule Property and collection of rents. including. but not limited to, receiver's fees. premiums
<br />on receiver's bonds and reasonable allorneys' fees, and then to the sums secured by this Security Instrumenl.
<br />21. R"'COIIveyance. Upon paymenl of all sums secured by Ulis Security Instrument. Lender shall requesl Truslcc to
<br />reconvey the Properly and shall surrender this Security Instrumenl and all notes evidencing debt secured by this Securily Instrument
<br />to Trustee. Truslce shall reconvey the Property without warranly and without charge to the person or persons legally entillcd
<br />to il. Such person or persons shall pay any recordation costs.
<br />22. Substitute Tnrstec:. Lender, at ils oplion. may fwm LIme to time remove Truslce and appoint a successor trustee
<br />lo any Truslcc appoinlcd hereunder by an inslrumenl recorded in Ule county in which this Security Instrumenl is recorded. Without
<br />conveyance of the Properly, the successor trustee shall suc~'Ced to all the tille. power and duties conferred upon Truslce herein
<br />and by applicable law.
<br />23. Request for Nolices. Borrower requests that copies of Ule notices of default and sale be sent to Borrower's address
<br />which is lhe Property Address,
<br />24. Riders 10 this &'Curity Instrument. If one or more riders are executed by Borrower and recorded together with
<br />IIl1s Securily Instrumenl, U.e covenants and agreement. of each such ridcr shall be incorporated into and shall amend and
<br />supplemcnt Ule covenanlS and agreements of this Security Inslrument as if the rider(s) were a part of this Security Instrumcnl.
<br />(Check applicable box(es))
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<br />o Adjustable Rale Rider
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<br />o Graduated Payment Rider
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<br />o
<br />o
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<br />Condominium Rlder
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<br />x 0 2. 4 Family Rider
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<br />Planned Unit Development Rlder
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<br />W Olller(s) (specify) Occupancy Rider
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<br />BY SIGNING BELOW, Borrower accept. and,agrees to the lerms and covenant. cantalned in lIlis Security Imlrument and in
<br />IIny rider(s) eseculcd hy norrower and recorded with jl.
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<br />
<br />(Scal)
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<br />....,..........",....,.......,......,......,......,...................,.,.,....,...,.... (Seal)
<br />. Borrower
<br />
<br />-;,
<br />
<br />. Borrower
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<br />,.......,..........,......,........,......,....,.......,...."....",.."."..........,.. (Seal)
<br />. Borrower
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<br />STEWART~. PASC
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<br />)' .--)'..,
<br />",~."t:::. ".. .,.... '. :;dm<::...... (Selll)
<br />. . Borrower
<br />KAREN R. PASCOE
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<br />"....,:."",..,.,..."""..",.,...,...........,..,....,....,..,........"""",...., (Seal)
<br />. 9o,tow.r
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<br />(5,./.1)
<br />
<br />. Borrow.,
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<br />).l'1er Recordolion R"t\Jrn to,
<br />PHMC, P,O !le., 1629
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<br />~ift"&!lpi'jli!l. M~ 5~44U rsp,c. e.l?W Thl' LlrI_ J:cr Acknowl.dQmcrnl!
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