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200801606 NON-U NIFORM COVENANTS. Borrower and lender further covenant and agree as follows: 22. Acceleration; Remedies. 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 unl..s Applicable Law provides otherwise). The notice shall specify; (a) the default; (b) the action required to cure the default; (0) a date, not less than 30 days from the date the notice Is given to Sorrower, by which the default must be cured: and (d) that failure to cure the default on or before the date speoifled In the notice may result In acceleration of the sums secured by this Security Instrument and _Ie of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-exlstenoe of a default or any other defense of Borrower to acceleration and sale. If the default Is not cured on or before the date specified In the notice, Lender as Its option may require immedilte payment In full of all sums leCured by this Security Instrument without further demand and may Invoke the power at sale and any other remedies permitted by Applloable Law. lender shall be entitled to collect all expense. Incurred In pursuing the remedies proVided In this Seatlon 22, Including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of Hie I_ invoked, Trustee shall record a notice of default In eaoh county In which any part of the Property Is looated and shall mall copies of such notice In the manner prescribed by Applicable Law to Borrower and to the other persons presoribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notloe of sale to the persons and in the manner prescribed by Applicable Law. TNstee, 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 notloe of sale In one or more parcels and In any order Trustee determines. Trustee may po.tpone sale at all or any paroel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any ..Ie. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recital in the Trustee'. deed shall be prima facia evidence of the truth of the ,tatementa made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costa and expen... of exercising the power of sale, and the sale, Including the payment of the Trustee's tees actually Incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by thi. Security Instrumenlj and (0) any excess to the person or persons leg.lly entitled to It 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, lender shell request Trustee to reconvey the Property 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 to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persona a fee for reconveying the Property, but only if the fee is paid to a third par1y(such as the T rustee)for services rendered and the charging of the fee Is permitted under Applicable law. 24. Substitute Trustee. Lender, as its option, may from time to time remove Trustee and appoint a SUCCBSsor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by AppliCllble Law. 4200055 MI!9'Il/ ModIllad """" aoall 1/tll (""g. 15 Gt.j""l}/1 ~. Inl~.;~ X~ Ni8I'lA$I<A....,ngI. ......HV-FANNlE MAElFAEDDlE MAC UNIFORM INl/TRUMeN'T ~",~~~fj"\!I;IJ"'\\'I\'~I~(I!!:::'<"',,~"W''''I'_~'' .~,.~".._",._",,_.