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1 1064 NONUNIFORM COVIRNANTS grower and (ender further covenant an agree as follows: 19, . eo 800a to Borrower prior to VA61000011 following Rorraw,rr's breach of any govirmant or agivissawl In this Security I (but atat priff to acceleration _ 13 and 17 . law provides posorwiniq. TThin t specify; (a) the default; (b) the action required to cure the I (g) a , But ime than 30 days is liven to Borrower, by which the default moat be cu . and (d) that fwlm to an Ow default on or before the In the may result in acceleration of the . secoved by thin Security Instrument and sak of the Property. The Mice shall farther inform Borrower Of the right to ratuagate after to bft a count Action to pospirt the non•existen of a default or any other defense of Borrower to acceleration and sale. If the ddwft is not cared on or before the daft specified In the twice, Leader et y require immediate psymom in falf of all an= secured by this Security Instrument without further demand BrW y invoke the power of ad@ and Bay other remedies permitted by applicable law. r shall be entitled to aB expenses Incurred In pursuing the remedies provided in this paragraph 19, Inching, but not limited to, reasonable ys' fees sod cents of title evidence. U the power of sale Is Invoked, Trame shell record a notice of default in each county in which say part of the Property is tamed and shell mail copies of such notice in the manner prescribed by applicable low to Borrower and tot the otheir person prescribed by spiplicable law. After the time required by applicable law, Trustee shall give public notice of slots to the persons and 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 and 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 piece of any previously scheduled sale. Lender of its designee may purchase the Property at any 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 trade therein. Trustee smell 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 permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security instrument; sad (c) any excess to the person or persons legally entitled to it. 20, Leader 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. I1. 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 shalfreconvey 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. Rigs 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)] J] Adjustable Rate Rider ❑ Condominium Rider r 2-4 Family Rider ,, Graduated Payment Rider ❑ Planned Unit Development Rider FOi Other(s) [specify] ACKNOWLEDGEMENT OF POWER OF SALE HOME EQUITY LINE OF CREDIT RIDER AND PRIOR MORTGAGE 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. , KEL��,..........(Seal) — ltarowar ........... .. ....... ( -'r ..... .....� ............. (Seal) ARLENE F. KELLY — Borrower fspace tt ftw This bees For Acts 1 STATE OF Nk$MM ................... alkirm OF ..iiA&L ........................ 5S: The fm instntmcR+t was acknowledged before me this..... 8th day of October, 1987 . ....... g r ....... ((.��..tt..))........ . Y J. KELLY AND ARLENE F. KELLY, HUSBAND AND WIFE, FACN% HIS AND HER OWN POUSL''OPr'EACII' U R "{ w T' &ANTS' WITH' RIGHT' iTF SURV°iMSUIP' •• AND NOT AS TENANTS IN COMMON. 8 ac no Pft Commission expires: q Notary Public A Ptet"AJ p11tAAY �,e r .� fdrk.,ak, I -f6k instromrTit was pr eat by , . . . .................. . ............ q Alvr nr .-J-1- --1 1