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BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded h (Sea]) STEVEN F. SORAHAN DEBORAH L. SORMIAN-- 15pne aaJO. This Low Far AckrawledgwaWl STATE OF SS: COUNTY OF NkM .......................... The for"dris instrument was acknowledged before me this.... 1987 ........................................... by F. SOPARAN AND DEBORAH L. 9ORNM HUSBAND Am WIFE( date) .......... ............................................................... ....................... (Periion(s) acknowledging) My Conamitalon "29 k , sm) ............. :- - Notary public TIth instrument was pfqmtcj 87- 103834 NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree a follows: as 19. Accallerstim; Remedies. Leader shall give notice to Borrower prior to following Borrower's breach of my covenant or agreement: in this Security Instrument (but not prior to sceeleiration under paragraphs 13 and 17 males 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 dote the notice is given to Borrower, by which the default must be cored; sod (d) 69 failure to ewe the default on or before the date specified in the notice may result in acceleration of the muss secured by " Security Issibrusmat and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the risk to bring a court action to assert the non- existence of a default or any other defense of Borrower to acceleratlim and sate. 11 the default is not cured on or before the date specified In the notice, Leader at its splints may "ire Immediate payment in full of all soon secured by this Security Instrument without further demand and may Invoke the power of ask and my other remedies permitted by applicable law. Leader shall be entitled to collect all expenses incurred in pursving the remedias provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of safe is Invoked, Trustee shall record a notice of default in each county in which any part of the z 2 Property is located and shall mail copies of such notice in the manner prescribed by applicable low to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of ask to the persons and in the numner 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 paimis and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by J public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sate. 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 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) say excess to the person or persons legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property 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 Instrument. Lender shall 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 and without charge to the person or persons J, legally entitled to it. Such person or persons shall pay any recort: ttion 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 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 applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riders 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 box(es)) Adjustable Rate Rider 7 Condominium Rider 2-4 Family Rider LIJ Graduated Payment Rider Planned Unit Development Rider :a Other(s) (specify) Acknowlecigenient and VA RIDER BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded h (Sea]) STEVEN F. SORAHAN DEBORAH L. SORMIAN-- 15pne aaJO. This Low Far AckrawledgwaWl STATE OF SS: COUNTY OF NkM .......................... The for"dris instrument was acknowledged before me this.... 1987 ........................................... by F. SOPARAN AND DEBORAH L. 9ORNM HUSBAND Am WIFE( date) .......... ............................................................... ....................... (Periion(s) acknowledging) My Conamitalon "29 k , sm) ............. :- - Notary public TIth instrument was pfqmtcj