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NONUNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows; weee. 05923
<br />19, Acceleration; Remedies. Lear shalt give notice to Borrower prior to acceleration following Borrower's
<br />breach of any coveasat or agreement in this Security Instrument (but not prior to acceleration under par aphis 13 and 17
<br />maim applicable law provides otherwise). The notice skill specify: (a) the default; (b) the action required to cure this
<br />default (e) a date, not lea than 30 days from the date the notice is given to Borrower, by which the default mast be carol;
<br />and (d) that failure to care the default on or before the date specified in the notice may result In acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the rigout to
<br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration toad sale, If the default is not cured on or before the date specified In the noose, Lender
<br />at IN option may require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand Bad may invoke the power of sale and any other remedies permitted by applicable law. [.ender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees sad costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. Alter the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in
<br />one or more parcels and in any order Trustee determines, Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place of any previously scheduled sale. Lender or Its designee may purchase the
<br />Property at any sale. .
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; M to all sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />11. Reconveyance. 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
<br />to 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 for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br />this 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
<br />Instrument. (Check applicable box(es)]
<br />Adjustable Rate Rider Condominium Rider 2-4 Family Rider
<br />Graduated Payment Rider F1 Planned Unit Development Rider
<br />(7C Other(s) [specify] Acknowledgement of Power of Sale
<br />By SIGNING BELow. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with ' . /'
<br />... ......Y..i......,:. i,,�,, _ :...................(Seal)
<br />Cyh�arles D. PLo�nec — sorrows+
<br />1:LM.,. . ........................(Seal)
<br />Glenda Ponec Vetter — 80r,ower
<br />[Space Below This Line For Acknowledgment] — —
<br />STATE OF NSli SKA
<br />COUNTY OF ....... L ................... SS: , ..._
<br />i
<br />Tim foregoing instrument was acknowledged before me this... 28th day,, of September, 1987 ..................
<br />(date)
<br />I
<br />by ....... GhOrIeR.p...,PDAeE .d..G�Rr}dA.Ponec Ve ter Husband A. Wife, As Joint 'Penante with
<br />Right of Survivorship & Nom(. #. . j§ommon ••••••
<br />iffy Commission expir GiatkMSataRrNf!k LAt43
<br />! .
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<br /><. 4
<br />... a , . (SEAL)
<br />' Notary Public
<br />1 inn tat i)Il l��n1,,adc1,
<br />this inaanlancm was prrpared by .. , .. .. .. ..
<br />
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