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8 000224 NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration fonowing Borrower's breach of any covenantor agreement in this Security Instrument (but not prior to acceleration undue paragraphs 13 and 17 unless applicable law pro ). The notice shall specify: (a) the default; (b) the action required to care the default (c) a date, not hm than 30 days from the date the notice is given to Borrower, by which the default now be cured; 1 and (d) that failure to cane the default on or before the date specified in the notice may result in aeon of the 1i ` secured by this Security Instrument and sale of the Property. The notice shall farther inform Borrower of the right to reinstate after acceleration and the rat to bring a comet action to assert the tom- existence of a dffault or ray ours' defer of Borrower to acceleration and aale. If the default is not cured on or before the daft specified in the notice, Leader at its option may require Immediate payment in fail of aH soms secured by this Security Inobweeiat without demand and may invoke the power of ask and any other remedies permitted by how. Leader shall be eattfled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and casts of title evidence. ¢ If the power of sale is isivoked, Trustee shall record a notice of default in each county in which any put 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 puldic notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall an the Property at public auction to the highest bidder at the time and place and under the terms desigaided in the notice of ads in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or my parcel of the - Property by 4 public announcement at the time and place of my previously scheduled sale. Lem 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 made Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but no limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' few (b) to all sum secured by this Security Instrument; and (c) my 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, receivers fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by _ thic Gvenrity Instn, nt 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 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 Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)) (� Adjustable Rate Rider Condominium Rider ❑ 2-4 Family Rider Graduated Payment Rider ❑ Planned Unit Development Rider 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 w h it. .............. . William L. Zit1s —ter ' .......`J�.. !_ ) (...1, ,:..... (Seal) L. Zuts _.------ --- -- °— �°-. ®— °..�.. (apses atlow Thee lave For Acknowle6tmod) -- . —. STATE OF N>".I RA35KP 'J The foregoinq sr��tr�ar,t�nt w�f we is �tic��i sr � ",Y € ,riaE? ur; husband and wif'w. D.R. MRACI (� I �I