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<br />I <br /> <br />BL\ .-. <br /> <br />004480 <br /> <br />r <br /> <br />NON.UNIFORM 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 nnt prior to acceleration underplll'agraphs 13 and 17 <br />unless applicable law provides otherwise). The notice shall speci.#..j: (a) the default; (b) t.'ie 'acti~n---requi:r~d _ to' ~re the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, hy whichtbe defaultmustbe'cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in accelerationoUhesinlls <br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower. ofthuighlJIJ <br />reinstate after acceleration and the right to bring a court action to assert thenon-existenceofa default;or8llyoth~r <br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified inthenotice,:~nder . <br />at its option may require immediate payment in full of all sums secured hy this Security In.strUJl\ent ,uthout:fiirtJIer <br />demand and may invoke the power of sale and any othe-r remedies permitted-by appUcabh~ ia~~-_Lefider~-s~ ~;~~i~J;):_- <br />collect all el<penses incurred in pursuing the remedies provided in this paragraph 19, including, hutnoHimitedto;: <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shill record a notice of default in each conntyinwhi~h,anypart"of:the <br />Property is located and shall'mail copies of such notice in the manner prescribed by applicablelawtoBorrower:anli:tlithe <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall'glvepuIJlic;notice'of' <br />sale to the persons and in the manner prescribed by applicahle law. Trustee, without demand on Borrowerislulllse!l:tbl! <br />Property at public auction to the highest bidder at the time and place and under the terms'designatedillthenotice:otSllle:~ <br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any Jll!I"ceIofthe: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 ""y 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 troth of the statements made therein_ <br />Trustee shall apply the proceeds of the sale in the following order: (a) to aU expenses- of the sale, including,,-biit:ii(;t;Iiriu.~~ <br />to, Trustee's fees as permitted hy applicable law and reasonable attorneys' fees; (b) to all sums securedbythis,Securjty <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 0' abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall be entitled to ~nt,; upon, take possession of and managecthe <br />Property and to collect the rents of the PropertY including those p'" ~,,<:,' ..lj rents collected by Lender or the receiver <br />shall be applied first to paymenl of Ihe costs of management of Ihe f'roperty 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 paymenr 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 te !he person or persons <br />legally enritled to it, Such person or persons shall pay any recordation costs, <br />22. Substitote 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 litle, power and duties conferred upon <br />Trustee herein and by applicable law, <br />23, Request for Notices, Borrower requests that copies of Ihe notices of default and sale be sent to Borrower's <br />addresswhichistheProper:tYAddrcss.";;tT;~\~-I' ;";;n.;-.'::'r n,,1cj\,,'~~L: :.'..;.:.t c\,<:.1i,~s ,)f L;r: liotir.-c';, ,)f.(~t~faHlt .:tn.d \i.::J.e <br />. ,. ,.. "; 24:ltt~ to 'i\il$' &jUri!}. inStJ!iiri;eiIt.'iibn~ 'o/rrior~ 'ria~g: arb d.;;;'uted 'byB~~b..;gr~;;d t;!ci;\-doo together With <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agr~..1!1ents of Ll1is Security Instrument as if the rider(s) were a p!L.'1 of this Security <br />Instrument, [Check applicable box(es)] <br />C Adjustable Rate Rider [J Condominium Rider 0 2-4 Family Rider <br /> <br />C Graduated Payment Rider 0 Planned Unit Development Rider <br /> <br />[J Other(s) [specify] <br /> <br /> <br />By SIGNING BELOW, Borrower accepts and agrees to the lerms and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br /> <br /> <br />/:;&';,~D';K.M(""'i{.~/.44...,...................,..~~ <br />./l;:.'!:':~~'!::::;P"" :cf.::".-K,..~,,.,~,,,:,.. "~s.:2 <br /> <br />!$pKe Betow this Line For Acknowledcment1 <br /> <br />State of: <br />County of: <br /> <br />) <br />)ss: <br /> <br />in and who execuced <br />th" saine as , . . <br />~!y ConrJ:ssion Exrires: <br /> <br />i DENISe KA Y LOWRY <br />.rsh~ GENf~Al Nor ARY $.t.loofN4lbr. <br />"S:'. -.:.., My Limlm. c...p A<;-,.). 25:. 1987 <br /> <br />day of ,19, before me, a Notary Public in the State <br />, personally appeared . , . :. ' . <br />, to me personally known to be 'the person(~) named <br />the foregoing instrument, and acknowledged that executed <br />voluntary act and deed. <br /> <br />,>L l. /(~""~ ~~' , >{;';1.,)1;t <br />,m, JB ,., <br /> <br />On this <br />of <br /> <br />L <br />