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144442 NON•UNt�iRM CttivF,t+iAt�o`f°3. Borrower and farther covenant and sRr� as fellows: 87 1, Leader AM Bare donee to Borrower prior to acceleration following Barrower's ieesds O( any covenant or Woommont in this Security testruseent (lint a" per to acceleration under peregisphe 13 and 17 Module 8111111102ble law provides odwwW. The madve doll specify: (a) the default; (b) the action rewired to care the (t) • 1118110, Not loco that 30 60 tsam the daft the soda it given to Borrower, by which the default must be cured; and (d) that f1dim to ewe *0 dolhalt on or before the die sp@dJW is the Mice may result In acceleration of the sums by thisSecurity Instrument and iak of the Property. The notice shall further infirm !borrower of the right to rObwbft SAW acceleration and she ri& 20 bring a cast action to Am" the awn- exhile a of a default or any other to acceleration and ante. u the deolmilt is not cared an or before the date specified In the notice, Leader at its option may esolmire imomediste payment in flall of all same secured by this Security Instrument without furtlwr demand and may Wake the Power Of sale and any other remedies permitted by applicable law. Lender shall be entitled to 80 in paroving the remedies provided in this paragraph 19, including, but not limited to, reasonable ' fees oral chests of tick U the pwfor of sdo is invoked, Trustee shall record a notice of default in each county in which any put of the Property Is located and shall mail copies of such notice in the mama prescribed by applicable law to Borrower and to the other persons proscribed by applicable law. After the tlme reopins by applicable law, Trustee shall give public notice of vale to the persons and in the manner prescribed by applicable law. Trustee, without demand o:: Borrower, shall sell the Property at public auction to the hiOM bidder at the time and place and under the term designated in the notice of sale in am or more Parma and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by at the time and Place of any previously scheduled ask. Lender or its designee may Property st any lsk. &n y purchase the Upon feet* of Payment of the price lid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The red" in the Tree's deed shall be prima fade 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, Trustees fees as permittd:d by applicable law and reasonable attorneys' fees; (b) to all sum secured by this Security I and (c) any excess to the person or persons legally entitled to it. 28. Louder 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 one receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Iteconveyane. 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 entity 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 Notim Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24, RMers to this Security Instrument. if one or more riders are executed by Borrower and recorded together with this Security lintrument, the covenants and agreements of each such rider shall he incorporated into and shall amend and suffitment the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. (Check applicable box(es)] L? Adjustable Rate Rider Condominium Rider 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider 3 Other($) IsWiffl NOTICE OF COMMENCEMENT DTD 07/22/87 ACKNOWLEDGEMENT OF POWER OF SALE DTD 07/22/87 BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained m this Security Instrument and in any rider(s) executed by Borrower and recorded with it. .C7 1 ................. ......................(Seas) LONNIE EGG CORDS y �* . ��.= :..4... use! ✓..�'....... - �7tU4J........(Seal) UVO' NNE G CORDS —Sc ".Oww (SPM* Tlrs tine for 1 STATE OF ....... CADUA W OF .......VAT,.................... ) SS: 7'he foregoing ir:strummt was acknowledred before me this ...... 22nd. DAY. OF. JULY .198J ....................... by tc..6.as. . t.AV(li .o. (d"' IVORSHIP i, NOT AS TENANTS s) acknowledoW IN COMMON mom ..... :.r,Y........ BRAE) / Notary Public 1yffi ia�tr ssa was pr weal by. , , t € €'id(- r r �°, Y'i- ref: ............................ ............. ) t, W