NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section IS unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration of the sums secured by <br />this Security instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If Lender invokes the power of sale, Lender shall execute or cause Trustee to execute a written <br />notice of the occurrence of an event of default and of Lender's election to cause the Property to be <br />sold and shall cause such notice to be recorded in each county in which any part of the Property is <br />located. Lender or Trustee shall give notice of sale in the manner prescribed by Applicable Law to <br />Borrower and to other persons prescribed by Applicable Law. After the time required by Applicable <br />Law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest <br />bidder at the time and place and under the terms designated in the notice of sale in one or more <br />parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the <br />Property by public announcement at the time and place of any previously scheduled sale. Lender or <br />its designee may purchase the Property at any sale. <br />Trustee shall deliver to the purchaser Trustee's deed conveying the Property without any <br />covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie <br />evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in <br />the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's <br />and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the <br />person or persons legally entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder. Without conveyance of the Property, the successor trustee shall <br />succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Attorneys' Fees. As used in this Security Instrument and in the Note, attorneys' fees shall <br />include those awarded by an appellate court. <br />26. Protective Advances. This Security Instrument secures any advances Lender, at its discretion, <br />may make under Section 9 of this Security Instrument to protect Lender's interest in the Property and <br />rights under this Security Instrument. <br />27. Required Evidence of Property Insurance. <br />WARNING <br />Unless you provide us with evidence of the insurance coverage as required by our contract <br />or loan agreement, we may purchase insurance at your expense to protect our interest. This <br />insurance may, but need not, also protect your interest. If the collateral becomes damaged, the <br />coverage we purchase may not pay any claim you make or any claim made against you. You <br />may later cancel this coverage by providing evidence that you have obtained property coverage <br />elsewhere. <br />1765275597 <br />-610R) ioioa.oi Page 13 of 15 V Poem 3038 1/01 <br />0 <br />