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r 85-- 004033 Noti•UNIFORM COVE14ANTS Borrower and Lender further covenant and agree as follows: 19. Aaeleation; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless applicable Law provides otherwise), The notice shall specify: (a) the default; (b) the action required to cure the default; (e) a date, not less than 30 days from the date the notice Is given to Borrower, by which the default must be cured: and (d) that failure to curt the default on or before the date specified in the notice may result in acceleration of the sums tseued by this Security Iastrument and sale of the Property. The notice shall further inform Borrower of the right to relastate after acceleration sad the tight to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or be fore the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable Law. Lender shall be entitled to eoUect all expenses incurred in pursuing the remedies provided in this paragraph 19, Including, but not limited to, reasonable attorneys' fees and cosh of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county In which any part 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 applicabie law. After the time required by applicable law, Trustee shall give public notice of sale to the persons 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 place and under the term designated in the notice of sale in one or more Wetis 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 teed conveying the Property. The recitals is 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; (b) to all suns 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 Secunty Instrument. 21. Reconveyanee. 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 recomey 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 :rustec to any Trustee appointed hereunder by an instrument recorded in the county in which this Secunty 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 he sent to ROrrowcr's address which is the Property Address 24. Riders to this Security Instrument. If one or more nders are executed by Borrower and recorded together x nth this Security Instrument, the covenants and agreements of each such nder shall be incorporated into and shall amend and supplement the covenants and agreements of this Secunty Instrument as if the nder(s) were a pan of this Sccuritn Instrument. (Check applicable box(es)) K Adjustable Rate Rider _= Condominium Rid -r 2 -4 Famtly Rider Graduated Payment hider _ Planned Unit Development Rider Other(s) (specify] BY SIGNI%G Bf!LO% Borrower accepts and agrees to the temis and covenants contained in this Secunty Instrument and in any nder(s) executed by Borrower and recorded.q•rth it t%eail A. il.:. .k — aa•o.e• J { "• °.: ';'ldi' i , tee :• Ii . i' ! . 'v [sate aww rho lnu rw nckm 69dV w I . .. . . . . . . . . . . . . . .. .. . . (Stall — 2o.•o.e. : :Yee.......... Ixie....a x i, :3 a: n ;.:a c<j arr.i nisi tf :t ci fat ;,11, �1Int'. fx +:3 .:d y Ary , . 1d..: r. 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