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<br />R5- 005683
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Leader 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 />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) 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 bring a court action to assert the non - existence of a default or any other
<br />defeme 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 alt sums secured by this Security Instrument without further
<br />dents" and nay 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 />remonabk 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 />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 any 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, Trustees fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (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 m:.nage 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, bender 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 warrant} 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 county in which this Security instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the tale, 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. Rlders to this Security instrument. If one or more rid ^•s are executed by Borrower 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 rider(%) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />L Adjustable Rate Rider Condominium Rider '-4 Family Ruder
<br />Graduated Payment Rider L Planned Unit Development Rider
<br />Othcr(s) (specify]
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms d covenants contained to this Security
<br />Instrument and in any nder(s) executed by Borrower and recorded with it /
<br />,F� �1e ralz4 . . (Seal)
<br />Richard J/� a lei - liprfowpi
<br />i
<br />Mary Kos i n�,k i �•�
<br />S1 A1L ail NLHk,%sK:%. Connly .N:
<br />On this Asth day of Novk tr Ur' , 19 HS . Mote nic, the undetsigncd. a tiotan I'rihllt
<br />duly commissioned and qualified for said county, personally carne Richard ,.i . va:31n.;k i .mri ;lt3r•y Alit:
<br />)C�� >zt "lUki, i {usbated W:i£a to nic knossn to he lht-
<br />identical petsm(s) w sc e(s► are subscribed to rile foregoing ulttrumcnt and arknotticdgcd the vXetutlon
<br />thereof to he . d olumary act and decd.
<br />W'itM. ", "IV hand` tot seal i Grand l c,lard m laud roulit the
<br />date aforesaid.
<br />Sly Commission cxpirc�,
<br />'���MI�' fe)R RfctlN�l 1.1(vt.i
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<br />1ti I'eee ';are
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<br />611 v, ..rld f,t —il vrnlcf Ile,, I ki-d .,I i ns'l u> !It.,
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