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,3Un- iiNIFORM COVt:* AN- S 80rre !!i an 1, ende, fs.r:hc, covenant and agree as follows: 86 +102831
<br />19, Acceleration; Remedies, Lender shall Cive notice to Burrower prior to acceleration following Borrower's
<br />breach of any covensuit or agreement in this Security Instrument (bat not prior to acceleration under paragraphs 13 and 17
<br />Wen applicable Low provides otherwise). The notice shall specify: (a) the default; (b) the action requited to cure the
<br />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;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />stxwrei by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the rigbi to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration and We. If the default is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate payment In full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />coflwt all expenses Incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and 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. After the time required by applicable law, Trustee shall give public notice of
<br />We to the persona 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; (b) to all sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender 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 Properly 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 />21. Reeonveyance. 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 Planned Unit Development Rider
<br />L'. Other($) [specify]
<br />BY SIGNING Below, Borrower accepts and agree to the terms and covenants contained in this Sccuniv
<br />Instrument and in any riderts) executed by Borrower and recorded with it
<br />John E. McConnaha ao•.o K
<br />f
<br />::.. ,...�e.._. ._..........'.. (Seal)
<br />Teresa L. McConnaha -�
<br />Isw. Belo. TMa l.Y ra Acfrnowkd=rner,t;
<br />SIATi E k; TRASKA . ............... . HALL ........... ;I rat
<br />n " ..... 29t4. >11 ,. .. May ............ 86 t }
<br />"ua:: t lux; -Of Shc7 <.'GUf'kil
<br />NcConnaha and Teresa I . ^fcConnaha, Husband and wife
<br />............... ...............................
<br />................... ............................... :; ri: krkwr. to ht., the
<br />:de ti- r_�t�i �,, ;�� :,;� ,t• t :, :1 �.� i �.r- v.x,oinc ! nstrument
<br />a:xi .tc4;r,r.N eti t x , .... ;. r .. their....... ..,.;' -.ry a- .
<br />e. t,. ' .......:rand Island ...........
<br />[. a1 d, —)un
<br />t� anaar Mep • Y.au..
<br />DO1011ES M. BEitGs st
<br />COM Ern tyr 4 ..
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