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NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 87� 10525
<br />19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's breach of
<br />any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 ankss
<br />applicable law providos,othsrarhe). The modes shall specify; (a) the default; (b) the action required to care the default; (c) a
<br />daMi nef:las lima 3g days from.the date Ike Bones Is 01rm1 19 Borrower, by which the default "No be,cursd.,mul (4) stmt
<br />failure to core die, d~ on or before the laic specified, in the notice many mull In aeceler *w of the $suss 099WOO by ells
<br />in
<br />ism a nee, and sale of. the ,Property. The podo *0 further Worm Borrower, M the ftldt to der
<br />, <ad =1)sai to bft a court action a own lire noa.ett 11ma a of a tweak or tmy other dotow of Ammar Io
<br />aacaleeafikm, a d: sale. ,U Ihe,Adbuit Is not canal; on or before the ulsk specified In the nodes, Lender 11111,111111"01110-08- say
<br />requim Immediate .payment in tall of all, sums movured by title Secarlty Instrument without further demand mail 'my, Invoke
<br />the power of ale sad any odw "Reco 6 permitted by uppllcal►k law, Lead" shall be added to c4Beet all eyteaees incurred
<br />Is; pdrrsala- dw reason provided in dds patra rsisis 19, including, but not ;halted to, reasonable attorney's few sad costs of
<br />title "Mime.
<br />If the power of sale Is invoked, Trustee shall record a asks of default in each county in which any part of the
<br />Property Is located and shall mail copies of such notice in Ike manner prescribed by applicable law to Borrower and to the
<br />other persma prescribed by applicable kw. After eke time required by applicable law, Trustee shall give public notice of ode
<br />to the person sad is the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property
<br />at public auedas to the highest bidder at the time and place and under the terms designated In the notice of sale in one or
<br />more pareek and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public
<br />m soaaeemeat at the time and , place of any previously scheduled safe. Lender or Its designee may purchase the Property at
<br />any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property.
<br />The recitals in the Trustee's deed shall be prima fuels evidence of the truth of the statements made therein. Trustee shall
<br />apply the proceeds of the Bale In the following order: (a) to all expenses of the safe, including, but not limited to, Trustee's
<br />fees as permitted by applicable law and reasonable attorney's fees; (b) to all sums secured by this Security Instrument; and (c)
<br />any excess to the person or persons legally entitled to it.
<br />20. Lander In Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person,
<br />by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and
<br />to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied
<br />first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's
<br />fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Security Instrument.
<br />21. Recoaveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled.to it. Such person or persons shall pay any recordation costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br />any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request far Nodoes. Borrower requests that copies of the notices of default and sale be sent to Borrower's address
<br />which is the Property Address.
<br />24. Riders to thin Security Instrument. If one or more riders are executed by Borrower and recorded together with this
<br />Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument.
<br />[Check applicable box(es)]
<br />• Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider
<br />• Graduated Payment Rider ❑ Planned Unit Development Rider
<br />• Other(s) ;specify)
<br />BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and
<br />in any n�er )executed by Burro d recorded with it.
<br />/ �� X • (Seal) T/ 1!/ /`u`�" (Seal)
<br />Vernon D. Penas e— Patricia N. Penas -B—
<br />(Seal)
<br />s«ro..,-
<br />Ispa adow Th. d.wa F. Adoo.leOW-11
<br />STATE OF
<br />COUNTY OF J SS:
<br />(Seal)
<br />-,
<br />1, a Notary Public in and for said county and state, do hereby certify that
<br />personally appeared
<br />bef le mown a prov to tne�to bet person(s) who, being informed of the contorts of the rsgoing
<br />instrument, have executed same, and acknowledged said instrument to be p}eir free and voluntary,,act and
<br />(hit. h", twO
<br />deed and that Lhe3r executed said instrument for the purposes and uses therein set forth.
<br />(t,t. dw. lbry)
<br />Witans my hand and official seal this 211d day of September , 19
<br />My Commission Expires:
<br />i�lA1 gOf fZV d WRY .'1 c
<br />t)ENtfiE KAY LtyWRY _ -- _�'..__ �- ,�.__. ___-- _.__,__ -_.� !Beall
<br />My Chas Ire, MK IS 1111 Notary Public _
<br />This instrument was prepared by
<br />
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