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87'- 104189 NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Romedles. Leader duall give soda to Borrower prior to acceleration fallowlett Borrowses breach stony CWMMt Or @$MONK* is " SOCNI'lly 114Wdfl1*Nt (but no prior to aft:eloristion under parsiprophs IS and 17 maless applicable law provides otherwise). The soda shall specify: (a) the default (b) the action re4vired to me the defoult; (c) • date, ad less thas 30 do" from the dab the soda Is given to Borrower, by which Ow default NNW be moc- and (d) that failure to ewe the default on or before the dote specified in the notice may result in; of the:am secured by this Security I said salle of the Property. The notice doll farther Inform Borrower of the right to reinUft SOW acceleration and the right to bring a court action to assert the non-existence of a default or any other 611 me of Borrower to acceleration and sale. If the default is so cared on or before the date specified in the notice, tender at its option my require inusedluto payment in full of all sum secured. by this Security Instrument without further demand and my Invoke the power, of ask and any other remedies permitted by applicable law. Lender shall be entitled to called all expenses Incurred In pursuing the reme" provided in this paragraph 19, including, but so limited to, reasonable snormys! fees and costs of title evidence. If the power of ask 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 tow. After the time required by applicable law, Trustee shill give public notice of sale to the persons and in the samuser prescribed by applicable low. 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 sae in one or more parcels mad in any order Trustee determines. Trustee may postpone sale of all or any parcel 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 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 expenses of the sale, including, but not limited to, Trustee's fees a 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 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 --nos collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property anti adection 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. Reconveyonce. 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 reconvcy the Property without warranty and without charge to the person or persons legally 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 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 -ale be writ to Borrower's address which is the Property Address. 24. Riders to this Security lustriament. 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 ❑ Condominium Rider 17 2-4 Family Rider Graduated Payment Rider 17 Planned Unit Development Rider ❑ Other(s) [specify] 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 wi . ... ... ..... ............. (SCSI) W CREASON —Borrower IE L C 7W REASON —Borrower 00 - ...... . .. .. .. ......... e ............ ..... ...... .... . I ... ....... (Sea]) OR ISPK* beae This Lino For Ao.nowleclementl STATZ OF X11MM ................... Comm OF ..W!� ........................ SS: I Tope lettOnS iftstnIffmt was acknowledged before me this..... 2.3rd.. DAY . 0 . F . J . UNE . 1987 87 by ....... WM.CREASON AND MARJORIE L CREASON HUSUND AND WIPW" ....................................... .. ....................... Ifs Commission expim: 12/28/89 WM46- d obab N (SPAL) RIM ft 1L3 W Notary Public Thk Wahmeam wits ..... W !7. 1 ..... ....... ................ ............. ........... &A,