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1:..88- 105066 NON.UNIFORM COVENANlS. Borrower and Lender further covenant and agree 8S ronows: 19. Acceleration; Remedies. Leader shall Ki't DOtice to Borrower prIor to acceleration rollowlng Borrower's breKb of uy co..lWlt or AllIUm.ntla thl. Sec:1Irity IlIItnlIIIent (bKt not prior to .cc.I....tion under paragraphs 13 and 17 lUll... appli...bl. 1... prolides otherwise), The Dotice ....n specify: C.> the def'KIt; (bl the action required to cure the delaalt; (e> a date, Dot I... than 30 da)'ll from the date the notice is gi..n to Borro..er, by which the d.fault must be cured; and (d) th.t failure to cure the d.f.ult on or before lb. date specified in the notice m.y result in acceleration of Ihe sulll!i secured by this Seeurity Inatrument and saI. of th. Property. The notice shall further inform Borrower of the right to relnstat. .ner acceleration and the rlghl to bring a eourt action 10 assert the non-exlstence of a default or any other defense of Borrower to acceleration and sale. Uthe derault is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all SUIll!i secured by tbis Secu.rity Instrument witbout further dcm...,d and may invoke the power ofule and any other remedies permitted by applicable law. Lender shall be entitled to collect all ex~nses incurred in pursuing the remedies provided in this paragraph 19, inc1uding, but not limited to. reasonable attomeys' fees and costs ortit1e e,idence. U the power of sale is invoked, Trustee shall record a notice of default in each county in wbich any part of the Property is located and shall mail copies {l(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 of sale to th~ persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to ~e 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 pareel of the Property hy public nnnouncement at the time and place of any previously scheduled sale. Lender or its designee may purchase tbe Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trus~ee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of tbe statements made therein. Trustee shall apply the proceeds of the sale in the following order: (8) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Propeny, Lender (in person, b,y agent or bJo' judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to caUcct the rents of the Propeny including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including. but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by this Security lnstrument, Lender shall request Trustee to reconvey the Pmpert}' and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall 'reconvey the Property without warranty and without charge to the person or persons legaUy entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an in5trument recorded in the county in which this Security Instrument is recorded. Without conveyance oftbe Property, the successor trustee shall succeed to all the.title, power and duties conferred upon Trustee herein and by applicahle law. 23. Request for Notices. Borrower requests that copies of the notices or default and sale be sent to Borrower's address which is the Property Address. 24. Riden to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider{s} were a part of this Security Instrument. [Check applicable bo.(es)] fa Adjustable Rate Rider 0 Condominium Rider CJ 2-4 Family Rider o Graduated Payment Rider 0 Planned Unit Development Rider iQl Other(s) [specify] ACKNOWLI:llGEMENT By SIGNING BELOW, Borrower accepts and agrees to the tenDS and covenants contained Instrument and in any rider(s) executed by Borrower and reco~ded w' it. . .~ffi,U. .............................................................. DAVID A WHITE in this Security .Ppp(Seal) _Borrower ..AIz.a!.0:Y.JC)ppf?.pU).JU.:1:rL.p . . SIIARON R WHITE .p(Seal) _Borrower [Space Bekl_ This LIne FOf' Acknowledcmentl COUNTY OF :::::==~:::::::::::::::: }ss: STATE OF by ....Q~Y.J,q.A.~~~.~ .~. .~l!Ml:(>N. .~. ~?:E... .~.~ (pennO(S) The foregoing instrument "''as acknowled,ed before mt! this.........,.. .~~.:. ~.~~. .~~, .~~~.~~~~~ ..~~~.~.......... (date) ~lh\'~\~= NoUlIY Public My Commission expires: 12/ 28/ 89 1'J:-IIITAI'I.SlIII"- _t_ . r Irt.a~"'ll- ni" Inslfilment .,.,tn prepared by. " h~....~.i.<,