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87- 145235 NON -Umimm COVENANTS. Borrower and Leader further covenant and agree as follows: 19. • Remo" Leader ftH give notice to Borrower prior to acceleration following Borrower's break otany covenant or agreemmot in this Security Irrtramest (but sat prior to acceleration under paragraphs 13 and 17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the delank (a) a date, not less t hen' 30 days from the date the notice is given to Borrower, by which the default mast be eured; and (d) that :fadm to earn the default on or before the doe specified in the notice may result in acceleration of the sums son red by tide %cv dty I and oak of the Property. The notice shall further inform Borrower of the right to rok0aft after ecoekratlon and the right to bring a court action to assert the non-existence of a default or say dole me ofBarrower to acceleration asd sale. If trine debuit is not cured on or before the dote specified in the notice, Leader at 48 aptioa say ragrire immediate payment is fall of all; sea secured. by this Security Instrument without further demand and my Invoke the power of oak end nay other remadles permitted by applicable low. lender �shall be entitled to colieet ari expenses incurred in panmlag the remedies provided in this paragraph 19, including, but not limited to, raaen" attwmye fees and casts of title evidence. If the power of ask Is Invoked, Trades shall record a notice of default in each county in which any part of the Property is located and shall snail copies of such notice In the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. AfterAw time required by applicable law, Truster shall give public mice of sale to the persons and in the manner prescribed by applicable paw. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terns designated in the notice of sale in on or more parcels and is 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 my previously scheduled sale. Lender or its designee may purchase the Property at any ask. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitale is 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) 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 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. Reamveyance. 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 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 ❑ Condominium Rider ❑ 2-4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Rider M(Other(s) [specify] Acknm3.edgetnwt 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 with it. ............... ............................ .........................(seal) W37LIAM J. — eo,rowe. ............(seal) l MM ¢L. — 80r"Mw ISOM bola. This rim For Ackn"kdpmMl SfATB OF A ............. COUNTY OF ' ........................ . ) SS: The foregoing instrument was acknowledged before me this.... AUQW 27, 1987 ............................... by,.. 111IM Ml J. li1AVEM AND TMMSA L. HAVENS HUSMM AND WIFE (date) ( s) ackncwledsin� ............. ............................... 11[y Com w MW rTM Notary Public Jill Rogert This instrument was prtWod by .......................................................