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<br />86, 103787
<br />Not v' LNtvokm C(- rvENAN t liprrower and Lender further covenant and agree as follows:
<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) 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 />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 sale. 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 al) 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 sate in the following order: tai 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 (e) 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 eater 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 receir
<br />es ponds and reasonable attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />2I. Reconveyance. Upon payment of all awns secured by this Security Instrument. Lender shall request Trustee to
<br />recomey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee Trustee shall rec,mvey the Property without warrants and without charge to the person or persons
<br />legally entitled to it Such person or p:rsons %hail pay any recordation costs.
<br />22. Substitute Trustee. Lender, st its option, may from tlmc to IIn'e . c l'rustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by :ut instrument recorded in the count ,, hK It fill,, Security Instrument a recorded
<br />Without conveyance of the Property. the succcism trustee shall succeed to all the ntle, power and dutivs conferred upon
<br />Trustee herein and by applicable law
<br />23. Request for Notices. Borrower requests that copies of the notices of dctauit and sale he sent to Borrower's
<br />address which is the Property Address,
<br />24. Riders to this Security Instrument. If :ute or more riders are executed bs Born+wer and rcc „rded together with
<br />this Security Instrument, the covenants and agreements c f each such nder shall he i lcorporeted Into and shatj amend and
<br />supplement the covenants and agreements :,f this Security lnstrumrru as II ilte nder(S) wet_• a part of this Security
<br />Instrument (Check applicable box(es))
<br />hi Adjustable Rate Rider
<br />Condominium Rider 4 Larnik Rider
<br />Graduated Payment Rider Planned L'nu Development Rider
<br />z Other(s) [ specify] Ac. ;,_i ;o:,ri;: ;:i ;ec ;.--.i:=
<br />BY SIONINci BEt.ow, Borrower accepts and agrees to the terms and covenants :mitantc•d Ili this Security
<br />Instrument and in any rider(%) executed by Borrower and recorded with It
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<br />duly cons Fit ssroncd and quahr It: d tot Bald County, perscin.u!v
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<br />i4litiri , husband and wiie
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<br />identical person(s) whoa' Ilaincis) are subs,-r)bed to the for, -Ico
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