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86-104009 NoN-UmFmm COVENANM Borrower and Lender further covenant and agree as follows: It. Accelarsidim-, Remedies. Leader " give notice to Borrow prior to acceleration following Bacrowees much of any, covenant or ailrommat in this Secarky Instrument (ht not prior to acceleration under paragraphs 13 and 17 dim i, applicelik law provides,otberwise). The notice shall specify: (a) the def"114- (b) the action required to cure the Mask; W a date, not less than 30 days from the daft the notice is given to Borrower. by which the default moo be cured; W, M diet failure to cme the default ower before the date specified in the notice may remit in acceleration of the sum Med by this Security Instrument and sale of the Property. The notice AM further inform Bomwer of the right to *00e &*W anderation MW the risk to brim a court action to assert the non-existence of a "aft or any other fense of Borrower to acceleration anal ask- If the delmit is not cured on or before the date specified in the notice. Lender its option may require immediate payment in tA of "all same secured by this Security Instrument without further mand and may invoke the power of sale and my otbrr remedies permitted by applicable law. Lender shall be entitled to died a1l'expeases incurred in parmift the remedies provided in this paragraph 19, including, but not limited to, If the power of sale is invoked, Trustee AM record a notice of default in each county in which any pan of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the pawn 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 piece and under the terms designated in the notice of sale in one or more parcels and in any 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 in 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; M to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender 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 reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to'Trustee. Trustee s:hall'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 be sent to Borrower's 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)] 7 Adjustable Rate Rider I:] Condominium Rider r—, 2-4 Family Rider 7 Graduated Payment Rider -7 Planned Unit Development Rider Other(s) [specify] ACknoWleCrlert k2e I , BY SIGNM; 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. ""( 6 .. _�C ..... Lt. ....... (Seal) ....... .... MAURICE A. 13FIFIAHIN&S (--'TqTFIA J. SHELILAAA—S (Sp c Bel" This Lae For Ackn*wiedgmentj --- STATE OF =IEBtt \S1:1 COUNTY OF . �V�HALL SS: ............... I .......... The foregoing instrument -as acknowledged before me this ......... 198L6 -1 ................... by ...... 11ijurice A. Sliell.haiis and Cynthia J. Shellhaus, husband TiaicVwife (person(s) ) acknowledging) Ile Mycorarrri�sion expires; ovum & ft summ" (SEAL) loam AO 11 M1 prrpsrj by ..............