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<br />'84 - 005334
<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 agreelhent in this Security InstrUment (but not prior to acceleration under paragraphs 13 and 17
<br />unless appUcable law provides otherwise). The notice shaD specify: (a) tbe default; (b)tbe actionre<.jlIired toeuw the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by whicb the default must be cured;
<br />and (d) that failure to cure the default on or before tbe datespeclftedin tbe notice may resultin.acCelerationofthesunis
<br />seeured by this Security Instrument and sale of the Property. The notice shaD further inform. Borrower oftberiptto
<br />reinstate after acceleration and the right to b~..!!g a co!!..oot action to ~thenon-existencenf a default or 8Ilyother
<br />defense of Borrower to acceleration and sale. If the default Is not cured on or before the datesp<;clfied In the !!O~; Lemler"
<br />at ilsoption may require immediate paylIIent in. fun of aD _ secnredby this SeeurltyInstru'Dlllllt WithQnti'fuftlK!r
<br />demud and may invoke the power of sale and 8JIY otber remecliespermitted by appUcablelaw~LenderBaUli&en~to
<br />collect all expenses inCUJ'1'ed in pursuing the remedies provided in thiS paragraph19,includblg,but.not.lhillf!!4'to;
<br />reasonable attorneys' fees and costs of title evidence. . '
<br />If the power of we is invoked, Trustee shall record a notice of default in eacb COUlIty in which, any pl!I't't:iftbe.,
<br />Property is located and shall mail copies of such notice in tbe maDller prescribed by applicable law 10 BOn-ower:..tQ'tbe
<br />other persons preseribed by appUcabIe law. After the time required by applicable law, Trusteeshall~vePJlblfe:Doti~of/
<br />sale to the persons and in the manner prescribed by applicable law. Trustee, vrithoutdemand<lD Borrower.,sbaU'~'tIte
<br />Property at public auction to the highest bidder at the tilDe and place ud under theterms'designatecHlI the llotlce~salem
<br />one or more parcels and in uy order Trustee determines. Trustee may postponesa1eofan or'aJlY ~'oftheProperty;by':
<br />public 8ftaouncement at the time aad place of any previously sdleduIedsa1e. LeJlder 01' its. designee-may" JII!I'Chase.tke
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conve)'illfl:the
<br />Property. The recitals in the Trustee's deed sball be prima facie evidence of the truth of the statemeDtSllIIlde;tbiireim
<br />Trustee shall apply the prueeeds of the sale ill the fonowing order: (a) to aD expenses of the sa1e,incluclln&Wllot:Ih!iiW
<br />to, Trustee's fees as permitted by applicahie law 8Ildreasoaable attorneys' fees; (b) to all SUIlISseeured-bythis.SeC:umy'
<br />lastra_t; 8Ild (c) any excess to the person or petSOIlS Ieplly entitled to it.
<br />:ZOo Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender(iu
<br />person, by agent or by judicially appointed receiver) shaD be entitled to enter upon, take possession of and tI1llD8lFthe
<br />Property and to collect the rents of the Property including th05l' :.'st due. Any rents collected by Lender or the receiver'
<br />shall be applied first to payment of the costs of managemc":' ,.,1' ",~ Property ..r,., collection of rents, including,but-R()t
<br />limited to. receiver's fees, premiums on re.-rver', ix>nd~ r ,'.easonable attorneys' fees, and then to the sums secured by'
<br />this Security Instrument.
<br />21. Rec:oueyance. Upon payment of aD sums secured by this Security Instrument, Lender shaDrequc:stTrusteeto
<br />reconvey the Property and shall surrender this Security Instrl1ment and aD notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shaD 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. Substitote Trustee. Lender. at its option. may from time to time remove Trustee and appoint a Succe5S01' trUStee
<br />to any Trustee appointed hereunder by an instrument recorded in the eounty in which this Security Instrument is recorded.
<br />Without conveyance of the Property, tbe successor trustee shall succeed to aD the title. power and duties conferred upon
<br />Trustee herein and by applicable law,
<br />23. Req_ for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />_.address wbich is the ProN'Tty Address.i.....rrv.""r furtber rc>'''","sts tl,ut cllpi"d of tll<' l)Ot~ of ,default 3fld Gal"
<br />'>2 dent if. ~'furl&f[~lyi:~'it~n~ o~t~o~'If~ ~ g~~l;r&~rio~~~~dedtogetber with
<br />this Security Instrument. the CQvenants and agreements of each such rider shall be incorporated into and sha1l amend and
<br />supplement the covenants and agreements of this Securily Instrument as if the rider(s) were a part of this Security
<br />Instrument. [Check. applicable box(es)]
<br />x.o Adjustable Rate Rider
<br />
<br />[J Graduated Payment Rider
<br />
<br />= Other(s) [specify]
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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 />By SIGNING BELOW. Borrower accepts and agrees 10 the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and record~ with ~~; . ') ._)./
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<br />[SplIce Belo. This Line For Aclinowted&mentJ
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<br />-llor.....,
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<br />State of:
<br />County of:
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<br />)SS:
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<br />day of :'~~d~}~r ,19:'" before me, a Notary Public in the State
<br />personally appeared __"..:". _,~,J.... ,'C::i ' i~c:' .....,
<br />, to me personally known to be the person(s) named
<br />in and whe executec the foregoing instrument, and acknowled~e~ that L l~ _, executed
<br />..'-.... '"'...._~ ~~ ',;cl~ntar']-~ act a....A ..-l"",.o.;J ... ~ .. ----
<br />~IY"~;;i~ ExFire~; ..~ ~~~,". ~.(.(~;'<i, }~"\>~~,;'ri" ,'L;t--
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<br />On this
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<br />of .,;';: "-,.,, ;....1-"'-....
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<br />
<br />DENISE leA Y LOWRY
<br />GENERAL NQTA_RY }1~-!:dN~~.
<br />M)' (omln_ hc. AY!ii' 25-. 1987
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