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g_ 143220 11014-UMPOlU COVES "T& Borrower and Lender fttrlher coveuaut and agree as follows: If. waLrNiw . I."nuder AM give twtim to Borrower prior to acceleration following Borrower's irreaeh �f atn.cavenm�t or afsw•••t in lhf, Swm* lmatramN (Mt not prior to acceleration Wier paragraphs 13 mad 17 mnlsue,apYaile htw; itiae`stwrtrime) 1%;ntatite Am spew. W the versa t; M the action squired to care the tie twli k) s i1R neflems plan, 30 di skn alts dak t;enst ec ie swept to Borrower, by whkh the dtsfaWt most be cured; r sni W;tlmt lailare fo are >fk definit an or iefira tie irate specill i in the notice may result to acceleration of the sums f ; by "amity 1MWMMmW aqi salt of cute Property. The notice shall further inform Borrower of the right to reiastaldalirr aooalayttea amd,tlte rightJa irht�,rcwrt action to assert the non - existence of a detsnit or any other ieleues a[Hr srowe+ M donned sMr-' 011ie delimit it not cared on or before the date specified in the notice, header at. its Nln, M0 ar4ltdre i pWOM 1m hU of all summ seemed by this Security Instramteat without further dtr sad and arty ltveke tie power etude and any other remedies Permitted by applicable law. Lender shall be entitled to eollact all expenses iscarrd u 1uslMiNg the reMAM provided in this permgrapit 19, including, but not limited to, reasonable attorneys' few and casts of tkie evideeee. _ If the power of hale is invoked, Trustee " record a notice of default in each county in which any part of the 7 k k -td and ASH maB COON of sues notice In the summer prescribed by applicable law to Borrower and to the other person prescribed by applicable low. After the time respired by applicable law, Trustee shall give public notice of suck to the persons and in the mtsmner prOwribed by applicable law. Trustee, w;tbout demand on Borrower, shall sell the Property at public section to the bigimst bidder at the time and place and under the terms designated-in the notice of sale in one or more parcels and is any order Trustee determines. Trustee may postpome sale of all or any parcel of the Property by public assomacesneat at the time and place of any previously sebdmkd sale. Leader or its designee may purchase the Property at my ask. Up" 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 prim facie evidence of the truth of the statements trade therein. Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited to, Trustees fen as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) my excess to the person or persons legally entitled to it. 20.1 ender 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. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to recmnvey 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 persombr 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 Borrower's address which is the Property Address. Borrower further requests that copies of the notice of default and notice of sale be sent to each person who is a party hereto at the address of such person set forth herein. 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)] 0 Adjustable Rate Rider Lj Condominium Rider _ 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider Other(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the tetras and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. (Seal) Roger D. Frandsen ��''jj -grows. .. ..-.. !! .0 . ......(Seal) S -' SrATIi of N>ramasxA .................. Ha11...._.:- lie R. haver - Frandsen ........... ---- _ --- County ss: On this ........... 4th ...• - -. - -. day of ........... June ........ . 19.86.-, before me, the undersigned, a Notary Public duly commissioned and qualified for said county, personally came ..................................... ............................... Ro &er D. Frandsen and Julie R. Shaver - Frandsen. husband and wife,. to me known to be the _ ......._._..- -------- . identical person (s) whose ttame(s) are subscribed to the foregoing instrument and acknowledged the execu- tion thereof to be .._..their....... ................ voluntary act and deed. Witness my hand and notarial real at ...__. Grand.. LS.): r? 11d .................................... .------ .. in said county, the date aforesaid. My Commiasion ex s: M M OW ppt11ME N." Pub :c We are an Equal Employment Opportunity/Affirmative Action Employer M /F. .- - MOM V 1 w TMo LOW Fw Acknow*dr neml