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200707443 NON LJNIF()I~M COVENANTS. Borrowcr and Lender furthcr covenanl ami agree as follows: 22. Acceleration; Rcmcdies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the 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; and (d) that failure to cure thc default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The noticc shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert thc non-existence of a default or any other defense of Borrower to acceleration and sale. If the dcfault is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in fuB of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to coHect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not tim ited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of 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 the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the 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 parcel of the Property by public announcement at the time and placc of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally en titled to it. 23. Reconveyance. Upon payment of all SlllTlS secured by this Security Instrument, Lender shall requesl Trustee to rl'convey the Properly and shall surrender Ihis Security Instnlment and all notl's evidencing debt secured by this Sccurity Instrument to Trustee. Trustee shall reconvey [he Propnly withoul warranty to the person or persous legally entitled to it. Such person or persolls shall pay any recordation costs. Lender may charge such person or persous a fee for reconveying the Property, hut only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, lllay from lime to time remove Trustee (lnd appoint a successor trustee to any Trustee appointed hereunder by an instrument recordcd in Ow county in which (his Securily Inslnlluent is rl~corded. Without conveyance of' the Property, the successor trustee shall succecd 10 alllhe tille, power and duties conferred upon Truslee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of' lhe uolice of defanlt and sale be sent to Borrower's address which is the Property Address. 002004634292 ~ -6A(NE) (0"07).01 ('J Page 13 of 1!.J In,"""C$L Form 3028 1/01 CiliMortgage JL 11.04 V,I