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86, 103504
<br />Nk >ti- UNIFORM COVENANTS Borrower and Lender further covenant and agree as follow "s
<br />19, Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) It date, not less than 30 days from the date the notice is given to Borrowe,, 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 />secured 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 right to bring a court action to assert the non- existence of a default or any other
<br />defense of Borrower to acceleration and sate. 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 />collect 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 />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: (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 fir
<br />person, by agent or by judicially appointed receiver) shall he 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' fee,, and then to the rums secured by
<br />this Security Instrument
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Serunty Instrument and all notes evidencing debt secure by this Security
<br />Instrument to Trustee Trustee shall reeonvey the Property without warranty and without charge io i person or persons
<br />legally entitled to it. Such person or persons shalt pay any recordation costs
<br />22. Substitute Trustee. Lender, at its option. may from lime to time remose fruslec and app inn r ;,mcessor trustee
<br />to any Trustee appointed hereunder by an in,trument recorded in the county in which thn ri
<br />Secuty ,mrument i, recorded
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power at. • dunes Lnnferrcd upon
<br />Trustee herein and by applicable law
<br />D. Request for '.Notices. Borrower requests that copies of the nonce% of default and sale he will to Horrower's
<br />address which is the Property Address
<br />24. Riders to this Security instrument. If one or more riders are executed hs Borrower and recorded together with
<br />this Security Instrument, the cotenants and agreements of cash such rider shall he incorporated into and shall amend and
<br />supplement the covenants and agreements of this Securtty instrumen; i, 11' the ndrr(si were a part of this Security
<br />Instrument. (Check applicable bomes)(
<br />—' Adjustable Rate Rider Condominium Rider 4 f amity Rider
<br />_ Graduated Payment Rider Planncd 1'nn [`^ clopn,ent Rider
<br />� Other(s) (spectfy] tsk:.owl d uie:.t
<br />BY SiGNING BELOW, Borrower accepts and agrees to the terns, send cotenant, ,ontaineki in th;,
<br />Instrument and in any nderoo executed by Borrower
<br />Security
<br />and recorded with it
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