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<br />85-- 004105
<br />NONUNIFORM C'C,VENANIS Borrow'cr and Lender further covena:t and agree as follows.
<br />19. Acceleration; Remedies. Lender shall &ire notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; () the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to brine a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />At its option may require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />wle to the persons and In the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated In the notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone safe of all or any parcel of the Property by
<br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any safe.
<br />Upon receipt of payment of the price bid, Trustee %ball deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the We in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (c) any excesa.tb the person or persons legally entitled to it.
<br />20. Lender iii Possession. Upon acceleration under paragraph 19 or abandonment of the Propeny, Lender in
<br />person, by agent or by judicially apix_)inted receiver) shall be cntiticd to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, mc'uding, but not
<br />limited to• receiver's fees, premiums on receiver's bonds and reasonable attorneys' fen, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request T: astce to
<br />rcconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Secunty
<br />Instrument to Trustee. Trustee shall reconvcy the Property without warranty and without charge to the person or persons
<br />icgany entitled to it. Such person or persons shall pay any recordation costs.
<br />-. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointtd hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Tnstee herein and by applicable law
<br />23. Request for Notices. Borrower requests that copies of the notices of default a::d sale he sent to Bormvver's
<br />addiess which is the Property Address
<br />24. Riders to this Security Instrument. if uric or more riders are executed by Borrower and recorded 1r,viller with
<br />this Secunty Instrurent, the ..o,cnanis ai:d agreements of each such rider shall be incorporated into and shall amend and
<br />suppiemcnt the c�vcnants and agreements of !his Secunty Instrument as if the wider(s) were a part of this S- cur
<br />Instrument. [Check apphl.able tm ;x(cs)!
<br />Adp stahle Rate Rader Condominium R:dcr Farniiy i;ider
<br />Graduated I'aymcnt R:cr Planned Unit Des:1 pment Rider
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<br />lr!strutnent and :,, ::ny nderi%I cze :ulcd by itr'r. r. wcr and rcrt�r led with it
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<br />VOL of"
<br />Mir Cpmm f p. lur<I 9 19r' .. . .............
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