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86- 70 der further covenant and agree as follows: - de figiaveh4Tnunaa.shail noon a notice of clef sit is each county in which any part of the hall mall copies of such modee !a tie sammer prescribed by applicable law to Borrower and to the by applicable haw. After the time "ired by applicable law, Trustee shall give public notice of i the roamer prescribol by applicable law. Trustee, without demand on Borrower, shall sell the ■ to the highest bidder at the time and place and under the taus design eW in the notice ofsale in a my side Trustee deiermises. Trustee may postpone sale of all or any pared of the Property by the time and place of my previously scheduled sale. Leader or its designee may purchase the - Upon rice* of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. lie recitals is the Trustee's dead doll be prima facie evidence of the truth of the statements made therein. Trusive doll apply the proceeds of the sale in the following order (a) to all expenses of the sale, includiaL6 but not Limited to, TrustWs fan as permitted by applicable law and remaimble attorneys' fees; (b) to all sums secured by this Security Instrumst; and (c) my excess le the person or persons leplly entitled to it. 20. Leader in Poemmim. 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. PAcmvtymce. Upon payment Fall 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 shall 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. 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. X 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)] Adjustable Rate Rider F-1 Condominium Rider 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider 4 Other(s) [specify] By SIGNING 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. 4f'•'" ............. ..... . . .............. (seal) Timothy G/ L singer ....... (Seal) '9'aindra J. Luchsinger -41orrmver STATE or Niwamx& ........ .. -Hall.--- _.__-- --- -___- 11 ................. CoXmtY M: on this ......... 18th ....... _ day of 86 November ........ 19 ........ ;before me, the undersigned, a Notary Public duly and qualified for said county, Personally came ....... ....................... . ................................... Timothy _G.. Luchsing,er ... S-andra..J.....Luch.s.inge.r....-hu.s.band --- andy fp�,., to me known to be the ........ . .... . .. . . .... . ........ ...... identical person (a) whose name(s) are subscri1nd to the foregoing instrument and acknowledged the execu- tion timmeof to be ......... I—— ...... their -------- ---------------------------_- ................ voluntary act and deed. dateWitness resaid. my hand and notarial sod at .............. Crand.-J-sland. ........ ............. ..... in said county, the afo My Commiaskm eampav"s; ppr Is Goa fm Jut M llRl Mabuy put4k We are an Equal Employment Opportunity/Affirmative Action Employer M/F. ISOMM @@Ww Tft L" For #Akio-ledw1w. I 7