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NOti.L ti1FOatM COYENA%TS Barr over and Lender further covenant and agree as foilo:vs: 86- 101326 19. AccelerstiM Remedies. Leader stall give notice to Borrower prior to acceleration following Borrower's breach of my covenant or agreement is this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless applicable law provides otherwise). The notice shall Wdfy: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cm the default an or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. Tie notice shall further inform Borrower of the right to remstaee after acceleration and the riot to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cared on or before the date specified in the notice. Lender at lu option may require immediate payment in full of all sum secured by this Security instrument without further demand and may invoke the power of sale and may other remedies permitted by applicable law. tender shall be entitled to coBeet an expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and coots of title evidence. If the power of sale is invoked, Trustee sbsll record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the otber persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale 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 our or more parcels and in may order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale 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 made therein. Trustee shall apply the proceeds of the sale is 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. Leader in Possession. Upon acceleration under paragraph 119 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. 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 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 he sent to Borrowers 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 De%elopment Rider Other(s) [specify] 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. ,....` ......... >%✓CG E ....................(Seal) jy Elmer C. Perrill — °or`OVef ............... _. _ . _cereal) Delores C. Perrill (Space near Thm Line For Ackr *dsrnentl STATE OF ....AOX4M4 ................. SS: COUNTY OF .. ...'iaJ,l ...................... L..the..ynders igared .. • ... • • . • • .. • • • • . • ... . a Notary Public in and for said county and state. do hereby certify that ... E1aer.- C—Parr.ill•- and- Dalose& C •Pere ll ....... ......••...•.......... .......... personally appeared before me and is (are) known a,^ prnvcd to are to be the personas) u hn. being inforcteL of the nten;c of the foregoing instrument, have executed stems, and tt !tnowiedged said irstrurnent to be.. their.. t:ee and •oluniury act and deed an'! that (hie, their) •..they .............. executed sa'i::. ^strumer.: for the pu:poscs a .i the:e;n se•; '.i>r;h. � (ts, sire, they) { , nc to hand and official seal *his. ..l+: t1... ............. ?terih .. 19, 'if... ,., IA T} u2) Sly 0atriw.o p: n Lx:reS: { tn dart"... '"`4 9t � ' It 11#lf�l r lWtti : otarttr ouaaasE our t�o�rm "� : • '� 1.y......_.............. . ...... ..