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i L 86,,,,_ 147536 NON•UNtFORM CuvENAN -rs Borrower and Lender further covenant and agree as follows: It. Acceleration; Remedies. Leader shall she notice to Borrower prior to acceleration following Borrower's bleach of any covenant or agreement is tbis Security Instrument (but not prior to scmieradon under parapupbs 13 and 11 asks applicable law provides otherwise). The notice sbali specify: (a) the default; (b) the action required to can the detaalt; (c) a dale, not less tban 30 days from the date the notice is given to Borrower, by wbicb the default must be cured; and (d) that failures to ewe cite default on or before the date specified in the notice stay result in secdereeion of the sum seeueai by this Security I.straaest and cede of the Property. The notice shall farther inform Borrower of the right to reinstate after acceleration and the risitt to bring a coact action to assert the sow- existence of a default or any other detewse of Beerower to acedawtios and oak. if the default is sot cared on or before the date specified to the notice, Lender at Its option may require immediate payment in fail of all sum secured by this Security Instrument without farther demand and may invoke the power of sak and my other remedies permitted by applicable law. Leader sbaB be entitled to effect all expaaes incurred In pmsaieg the remedies provided in this paragraph 19, ittcladist& but sot limited to, reasanaik attorneys' fen and costs of tide evidence. If the power of ask k invoked, Trustee shall record a notice of default in each county is which any part of the and to the Property is located and shall mail copies of such notice to the manner prescribed by other persons prescribed by applicable law. After the time required applicable law, applicable rustee shall give public � notice of sale to the pexaoas and in the stsmer prescribed by applicable law. Trustee, without demand an Borrower, sbali sell the Property at public auction to the higbest bidder at the doe and place and under the teams designated in the notice of sale in one or more parcels and is any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by pid lic anomuxsart at the time and place of any previously scheduled sale. Leader or its de igaee may purchase the Property at nap seek. Upon receipt of payment of the price bid, Trustee shall deliver to the parrbaser 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 ten as permitted by applicable law and reasonable attorneys! fees; (b) to all sums secured by this Security Instrument and (c) any excess to the person or persons legally entitled to it 20. Leader is 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 Leader 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, receivers fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Recowveyance. Upon payment of all sums secured by this Security Instrument Lender shall request Trustee to rxonvey 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. 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 Securty instrument as if the rider(s) were a part of this Security Instrument. (Check applicable box(es)) ❑ Adjustable Rate Rider J Condominium Rider u 2-4 Family Rider Graduated Payment Rider L Planned Unit Development Rider L Other(s) [specify) BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any nder(s) executed by Borrower and recorded with it. i i..l.r .......... MICHAEL .. r:.. .. �.. tr. ...... K. DtL ..-..Seal) ...X;....i - ....(Seal) iKAREN S. DICE . - so.o.er )Space seam Thu Low Fw Ask wwWft w STATE. UE Ng1IRASiCA. ......... !i!it1 .................... ^_o.anty ss: On '�h.s ..30. ..... day Of ... Decaaber.......... 19... St before me, the undersigns -3, a Notary Pub!, d�3y nail ss a&f6 Inc aWjlj j for said county, persona l i y - -arse M I CN/t�L . K. -DICE acrd iCARENll 5.. D1i;E, �7(13aa� IW6 M� .............. . .................. ............................... to me known to be the zdent lca i cx r son f s) .nose name (s) are s, �scrxbed _to I the f oregoina instrument and ackt�ledged the executinn thereof to be .t1i.°.......... voluntary act and deY,i. r.RAMD ISLAND W,tne'F, ,env hand aim nX-11t3t,ai `?Pal = ............................... In u3iC: .-t:xunt'y' *hF' �dfc 3f��tes�1:. . ............. R L M salraW 1 IIOMItTA L •1 dean bee hElO 11r 11h B. talc .i