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<br />85-004806
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall give 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 />annlem applicable law provides otherwise). The notice stall specify: (a) the default; (b) the action required to cure the
<br />defmdt; (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 care the default on or before the date specified in the notice may result in acceleration of the sums
<br />seem by this Security Instrument and ask of the Property. The notice shall further inform Borrower of the right to
<br />rebate after acceleration and the right to bring a court action to assert the non- existence of a default or any other
<br />'of , 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 fall of all sues secured by this Security Instrument without further
<br />demanI sod may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred is parsaing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and cams 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 />sale 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 sale 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 nay sale.
<br />Upon receipt of payment of the price bid, Trustee shall 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 sale 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; sad (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender (in
<br />person. by agent or by judicially appointed receiver) shall be entitled 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, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, 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 Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the count% 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 />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to this Seeurily Instrument. If one or more riders are executed by Iorrower and recorded together with
<br />this Security Instrument. the covenants and agreements of each such rider shall he incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the riders) were a part of this Security
<br />l9ptrument (Check applicable box(es)]
<br />Adjustable Rate Rider Condominium hider ? --t Famdv Rider
<br />Graduated Payment Rider Planned Unit Uevelopmenr Rider
<br />(hher(s) (specify]
<br />M Si(i mhCi Bui ow. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any riders) executed by Borrower and recorded with it.
<br />..... .(Seal)
<br />( ayne/D. Vanostlall ......e,
<br />-
<br />r4brnice A. Vanosciall _.t •, e,
<br />isv«e aabw Tho Lae Fw Acknow4ft."t)
<br />STATEOF IMMR4, vi ....................
<br />COUNTY OF ..IZ" ........................ S3.
<br />Wil lia tt D clm an
<br />i...... .. ............................. I ......... a Notary Public in and for said comity and state, do hereby certify thin
<br />erasure . d_..Varw l . �tXi 53c r'li,~'e. A.. Val dal lam.. E #�stx , . ITXI . W f .. , ..... .
<br />per.onally appeared
<br />before me and is (are) l: sown or proved to me to be the person(s) who, being informed of the cements L,I the foregoing instrument.
<br />have executed same. ,:std acknowledged said instrument to be ..... ..tbP r. , ....... -t- ,awl riunta,y act and decd and that
<br />(his, her, their)
<br />.............. executed said instrument for the purposes and uses thc,cin •ei forth.
<br />(be, she, they)
<br />•.t
<br />Witttes� my trend arui official serest this ................ .... , . day of. .,�.t�tti7titlx�t ..........., 19.:'r:..
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<br />(SEAL)
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