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87-. 104215 NONUNIFORM COVkNANTS. Borrower and Lender further covenant and agree as follows: 19, A ' Remedies. Lewder WWI give notice to Borrower prior to acceleration following Brrower's brettwh of sty covenant or nareemat in thkt Security Instrument (but not prior to acceleration under paragraphs 13 and 17 ashms applicable law provides ). The mWee shall specify: (a) the default; (b) the action required to cure the default; (e) a date, not Im than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that k duce to case the default on or before the date specified in the notice may result in acceleration of the sums secured by thls Security Instrument and sak 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 ton- existence of a default or any other defense of Borrower to acceleration sad ask. If the default is not cued on or before the date specified In the notice, Leader at its option may require immediate payment in full of all sma 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 collect all expenses Incurred in pursding the remedies provided in this paragraph 19, including, but not limited to, att ys' 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 parsons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons ate 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 aW 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 place of any previously scheduled sale. [.ender or its designee may purchase the Property at any seek. 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 seek in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable taw and reasonable attorneys' fees; (b) to all sums secured by this Security Instrummet: and (c) any excess to the person or persons legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph IQ 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 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 theritle, 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 Ji Condominium Rider 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider F;Other(s) [specify] Acknowledgement of Power of Sale Owners Lien Certificate BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any nder(s) executed by Borrower and recorded with it. � ......................... C .. .. ................. (Seal) Ronald C . Ge rb ge — e° "o"`" (Seal) Caroline J. Geo e — 8orrovnr Isoece aebM This Lm fc- 1cMnm leApneml SPATE OF ..... KO.K.4111M ................ COUVIff OF ..... R41X ............. 111 The foregoing Instrument was actrnowlcdtred befoe me this.... lk;t day,of Ju4Y ..1987 ..... ........................ Ronald C. George and Caroline J. George, Husband and(qf}ei. bpi ........ ............ .....................(pavaon (s) acknowledging) ............. ............................... Mr Commistoo s 97, �.... a pt M01§ Nowry Public Th)s in iri n ert was pr rej by Sew en .v ii . I.ra ib i . c