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<br /> _�_N�K.:�
<br /> • ��r� Borrowcr tihall promptly givc Ixndcr writtcn nuticc o(uny invesii�ution, claim, �lcmand. lawtiuit or othcr action by any `
<br /> ;� guvcrnmentul or rcgulutnry agcnc:y or privutc part�• invul�ing thc Pr��perty und any H;uardou,Sub,tuncc ur Environmcntal Law
<br /> r nf which Horruwcr hus uctuul knuwlcdgr. fi'S�srruwcr Icurn+. ur iti mditi�vl hy anY govcrmm�ntal ur regulatory authuritf�, thut CU
<br /> �• any rwmuval or othcr remcdiutiun of any Ha�r.ird��u.Suh+tuncc utTcrting thr Prup�rty is ncccstiary. Borrowcr yhull promptly takc �0 -.
<br /> all nur+�ur rcmedial actiun�in acr��rdane�with f:nvirunmcnlal law. _
<br /> �y t A. uxd in thi� puragruph 2(►. "N.vurduuti Suh,�anrr+" cu•r thu,e tiuh�tance,Jrtined ati tuxie or Iia�,vJuu.tiuhstunc�, hy � . _
<br /> •� Environmentul L.uw und thc fnlluwinH yuh��unccs: �a,ulin�. kcruticik. nth�:r tlummuhlc ur tuxic pctrulcum products.tuxic Q' _
<br /> "'' ' pe�tiridc•and hcrbicidcy.vulatile.alvcnt+. nuuci�iul+cnntuining ashr,toti ur fi�rm;ildchyJc.und radivartivc muter�uls. As u�eai in � -
<br /> � thi, paragruph ?U. "Enviruntnental [.uw" mcanti Icdcr�d luw, aiui I.iw. uf thc juri�dirtiun whrrc thc Property iti la.utcd th� � - :
<br /> rclutc to hcalth.�ufcry ur cnvirunmcntal pratcctiuu.
<br /> �. NON-UNIFORM COVENANT5. Hurra��cr�m� IAnJrr funher cuv�nanl und ugrec ati ti�Uuw,: �
<br /> 2:•::;>� 21. Aceeleratfun; Remedles.l.ender shall �ive noticr to Uurrmrrr prior to uccclerutiun Poll�+stu�liorro��•cr'S 6reach '�'� �::
<br />`�'�"T nf uny cuvenunt or aRreement In this !k�curlty Instrument (but n��t prior tn uccelerrtlon under purn�ruph l7 unlcsv �
<br /> :;� • upplicable law providrs othcrw(sc). Thc nudce shal�spctitfy: (u) the dePuult; (b)the actlon rcyuircd to cure the defnult; -
<br /> .,�_ t (c) u dnte,not!�s than 30 duyti from the date the nodce Is };Iven to Burrmver. by whlch the defuult must be cured;and
<br /> (d) that faNure to cure the deTuult on or I�efore the dute ti�xci�ed in the noticr may restdt In ucceleration uP the xums
<br /> 7 secured bv thls Securitp Instrument und sule uf the Pro�xrty. Thc notice shull further Infi�rm 13orroaer of the rlght to
<br /> ;' relntitute af'ter accelerntion und the ri}�ht to lirin� ii ciiurt Hction tu ussert the itun-existe�ue nf a default or Any other
<br /> � . � defentir of Bnrrowcr to uccclerutfon and .ule. lf the dct'uult is nut cured nn or beforc thc dutc speclticd In the nutice, -
<br /> Lender, at its option, muy requ(rc immedG�te puyment in full otall sums s�rured by tltis ti�rurity Insh•ument wlthout
<br /> ' ' further demand and may invoke the powrr of sulr und►tny ather rcrnedi4w permittcd by upplicublc law. Lender shnll be
<br /> entitled to collect all expenses incurred In punuin�;the remedte.+ prnvided in this puru�!ruph 21.lncludin�,but nut Ilmitcd
<br /> r to,reasanable attorneys'fe�and casts oF title evidence.
<br /> IP the power of sale is Invoked, Trustee shall record a notice of default in each county in which uny part of the
<br /> Property is 1�►cated a�td shall mall copics of such not(ce in the manner pr�cribed by applicabte luw to Borrower and to
<br /> � : the other persons prc.wcribed by�pplic�ble law.After the lime requlred by upplicuble luw,Trustee shsll�ive publ[c notice
<br />- of sale to the persons and in thc manner prc�cribed by applia►blc Isw.Traste�:, witl�uut demund on Borrow•cr,sBall scll
<br /> the Property at public auction to the hi�hest bldder ut the time u�d pluce und under the terms d�i�nated In the�ollcr of
<br /> � sale in one c�r more parcels und in any order Truytce deterrnlnes.Truxtec muy postpone sale of All or any parcel of the
<br /> PropeMy by public unnouncement at thc time and place of nny previously scheduled sale. Lendcr or Its dc�si�nec muy
<br /> � purchase the Property at uny sale. `
<br /> � _ Upon rereipt of payment of' the price bid, Trustee shall deliver to the purchuser 'frustee's deed conveyln� the _
<br /> Property. The recitals in tlie Trnstee's deed shall be prima fucie evidence of the truth of the statements made therein.
<br /> .. Tcustee shall apply the praceeds of the sale In the folluwin�; order:(A)to ull cnsts and expens�of exercisin�the po�ver oP
<br /> sale.und the sale,Includin�the payment of the 7'rustee'S fec�uctually incurred,not to exceed t h e�o f 5 0.0 0 o r'•�'o
<br /> of the principal Amaunt of the note ut the time of the declaration of default, and reasonable uttorneys' fees as permitted
<br /> ' b��law;(b) to ull sums secured by this Security Instrument; and (c)any excess to the person or persons le�ully entltled to
<br /> 4t.
<br /> : 22. Reconveyanee. Upon payment ot all .umti securcd by tms �ecurity ins�ruroeni, LcuJc, �i��i� ��at�esi Trust:,c .a
<br /> reconvey the Property and shull surrender this Security Instrumrn�and ull notes evidencing debt secureci by this Security
<br /> � Instrument to Trustce. Trustee.hall reromey thc Property widu�ut H•arranry and without charge to the person or persons legally
<br /> `� entided to it.Such p�:rson or persuns shall pxy any rccordution co,t..
<br /> _ ' '•� ~ 23. Substltute Trustee. Lender. ut its uption, may fram timc:io time remuve Trustee und uppoint a successor trustec to
<br /> • uny Trustce appointed hcrcunder by an instrument rerordeJ in thc counry in which chis Sccurity Instrument is rccorded. Without
<br /> "''` rc�m�ry:mm ��f thc Pr��perty. thc �ucre�cnr tn��tec�hadl .urrcecl tn .ill ihc dtle. pnarr and dutic�c��nfctted ur�n Tn�stceherein
<br /> 5rs: ••�'•�r: snd by upplicable law.
<br /> . � 24. Requ�t Por Notices. Borrower request,that rc�pie+ uf the notices of default und sale be sent w Borrower's address
<br /> ���V.� . which is thc Property Address.
<br />:;r•+a,
<br /> -r; 25. Riders to this Security Instrument. If une or nwrc riders arc executed by Borrower and recorded together �vith this
<br /> • Security Instrument, the covenunts und agreements of each wch rider shall he incorporxted intu und shuU amend and supplernent
<br /> - ''•' 'y' thc cuvenants�nd agrccments of thi,Sccurity Intiuvment a.if thc ridcr(s)wcrc a part of this Sccurity Instrument.
<br /> _ :.r......,.:�.
<br /> •>��.� ..� ,;,�. (Check upplicable box(cs)�
<br /> :' '''• [��Adjustablc Ratc Rider C�Condominiutn RiJer ❑ 1-4 Fumily Ridcr
<br /> �Graduated Payment Rider L�Plann�d Unit Devclopment Rider 0 Biwcekly Paymcnt Rider
<br />=`--, ;• �Ballo�m Rider �Rxte improvcment RiJcr ❑Sec�nd Hanic Rider
<br /> - , '+ � �V.A. Rider CX�Othcr(s)�specify�
<br /> ' Notice of Def ault
<br /> BY SIGNING BFLOW, Burruwcr a�cept,anJ agrce+to the tenn� and�ove�iant�rontained in thiti Securiry Instrument nnd
<br /> � in any ridcr(.)exccuicd by Bcirr<��vcr xnd recurdcd with it.
<br /> �• Wimctius: g l G. • (Scal) -
<br /> • Cla E. Schutz •Ik,rn��ecr
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<br /> J e t E. S C h u t'L � Bnrrnwcr
<br /> . ___..(Scal) (SCaU
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<br /> ----- - -----'----- -- —--.. . -- R��rtu�ccr B�.fro�tCr
<br /> • tiTA"CE OM'NF.IiRAtiKA, ('nunty"as: H a 11
<br /> ��hC fi,rcguing in�Irtpticnt �+as.irknm�lc�l�rd hrt�n�r mc thn Zbth d.t� nl March • 1997 • _
<br /> � hy Clay E. Schutz and Janet !i. 5ctiutz, husband and wife
<br />- � W ilnr+.m� Ir,utd and nutari:d u:d al G r a nd I�1 a n cl� N E ���,:���I ('uunt�. llir�1alr :dnrrtiaid.
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<br /> � M) ('nI11111iti+iun 1')�t�rc�: ����1 G�'�'l� .. -
<br /> : � 1 2-2 3-Z OD U � �diiMN�� �+.��• r���,���
<br /> �KI OptR
<br /> �h Elar,tip p�,t��OOS
<br /> � ' , ,.�,.�.., Form 3026 9/90
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