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<br />84- 003396
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<br />NON,UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedle$. Lender shaJJ gi.e notice to Borro...er prior to aceelenltlon following Borro...er's
<br />breach of any eonnanl or agreement In this Security Instrumenl (but not prior 10 acceleration under paragraphs 13 and 17
<br />unless applicahle la... pronde$ otherwise). The notice shall specify: (a) the default; (b) Ihe action required to cure Ihe
<br />defaull; (e) a dale, not less than 30 days from the date the notice Is given to Borro...er, hy ...hicb the default must be cured;
<br />and (d) Ihat failure to cure tbe default on or before the date specified in tbe notice may re$ult in accelenltion of the sums
<br />secured by this Security Instrument and sale of tbe Property, The notice shall further Inform Borr.o...er of the right to
<br />reinsl1lle after acceleration and the right to hrlng a court action to assert Ihe non-exlstenee ofadefault'or any other
<br />defense of Borro...er to accelenltion and sale. If thedefaull is not cured on or before Ihe date specified In the notice; Lender
<br />al its option may require immediate paymenl in full of all surns secured hy this Security Instrumellt...ithout further
<br />demand and may invoke the power of sale and any other re-medies permitted by !!ppli~ab!tdf!~. Lender.shaH, be enritled. to
<br />collect all expenses incurred In pursuing the remedle$ pronded in this paragrapb 19, including, bUI not mnitedto,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If Ihe power of sale is invoked, Truslee shall record a notice of defaull in each county in whicb any part of Ihe
<br />Property is localed and sball mall copies of such notice In Ibe manner prescribed by applicable la... to Borro...er;and 10 Ibe
<br />olher persons prescribed by applicable la.... After Ihe time required hy applicahle la..., Trusleeshall gi.e public notice of
<br />sale 10 the persons and In the manner prescribed by applicable la.... Truslee, wilbouldemand on Borro...er,shallsellthe
<br />Property al public auction to Ibe highest bidder at the time and place and under Ihe terms de$lgnate,lin tbe notice Of sale. in
<br />one or more parcels and in any order Trustee delermlnes. Trustee may postpone sale of all or any parcel of Ibe Property by
<br />p:..:blic aniiOUlicement at Hu: time iU'ld place oi any preriousiy scheduied sale. Lender or its designee 'may purcb~-;the
<br />Property at .ny s.le.
<br />Upon receipl of paymenl of Ihe price bid, Trustee shall deliver to Ihe purcbaser Trustee's deed conveying the
<br />Property', The recil1lls in the Truslee's deed shall be prim. facie evidence of Ihe truth of tbe statements. made therein;
<br />Trustee shall .pply the proceeds of the sale in Ihe following order: (a) to all expenses of Ihesale, including, but no(lirnited'
<br />to. Trustee's rees as permitted hy applicahle I.... and reasonable attorneys' fees; (b) 10 all sumssecuredhy Ihis Security
<br />Inslrument; and (c) any excess 10 the person or persons legally entitled 10 ii,
<br />20, Lender in Possession, Upon acceleration under paragraph 19 or abandonment or the Property, Lender (in
<br />per>on, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession orand managelhe
<br />Property and to collect the rents of the Property ir ",ding those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of m.. ement of the Property and collection or 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 lnstrument.
<br />21. Reconveyance. Upon pay" ,.,,,t of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and an notes evidencing debt secured by:-!h!s Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge tOlhe person or persons
<br />legally enti,led to!t. Such person or persons shall pay any recordation costs.
<br />22, Substitule 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 counly in which this Securily Instrumenti, recorded,
<br />Without conyeyance of the Property, the ,uccessor trustee shall succeed to all the title, power and duties conferred upon
<br />Tru,tee herein and by applicable law.
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<br />23, Request for Notices. Borrower requests that copies of the notices of default and sale be,ent to Borrower's
<br />add res' whIch is the Property Address.
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<br />24. Riders to tbis Security Instrument, If one or more riders are executed by Borrower and recorded together with
<br />.his Secunty Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of rhisSecurity
<br />Instrument. [Check applicable box(es)j
<br />Xi Adjustable Rate Rider
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<br />= Graduated Payment Rider
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<br />~ Condominium Rider
<br />::J Planned Unit Development Rider
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<br />o 2-4 Family Rider
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<br />= Other(s) [specify]
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<br />BY SrG~lNG BELOW, Borrower accepts and agrees to the te-{ll1S and covenants contained in this Security
<br />I nstrument and in any rider(s) .x,",uted by Borrower and record~jth it. /'
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<br />[Sp.ce 6ekJ. Thq l.Jn.e fOf" Acknowiedcmentl ____
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<br />Sl<A~"N II, SMITH
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