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NON-UNICORM COVGNANTS. liorrower and Lende~ furthcr covenant and agree us follows: ~
19, Acceleretlon; Recnedles. I.ensier shal! gfve aaike to Borrower prlur to ~creteration following ~orrower's bmach of any
covenant or agrerment iu tbfs Security lnstrument (but not prbr to secekratlo~ under pstragraphs 13 s?nd 17 unless applicable
law provk~ otherwEar>. The notke shall spectty: {a) the defaufl; 4b) the actlon requlred to ~ure tt~e.c~efauN; (c) a date, r~ot {ess ~
tt~n 30 days ~om the date tht natke is given to gorr'owee, by~ whkh th~ detaut! must be~eured; a~d (d) ihat iaiturv ta cure tht
defpult on or be[ore the date speciited in 1he notke may result (n nccelernlPon o[ tl~e sums secured by thts Seturity Inslrument, ~
forectasu~ by judici~l procnetiing and s~ pt tht Ptoperty. The notfce siu?!1 furti~er iri[orm Bormwer ot the rlght to re~nslate aftrr
~cceteratton and the rtght to es~ert in ti~e Yorerloa~re proceeding the not~-rxiste~ce oi ~ clefault or pny other detense ot Borrower
to acce~er~ttton and torecbsure. It tb~ default ~s not cured on or before the date specltied ta the notke, l.en~er At its option m~y
require ijnatedtate payment tn [tiU at aU sums sertered by thls Secqrlty Instrutnent wlthout turther elemand and may toreclosee Ihis
Srcurity Ir~strument by Judk~las! p~occeding: Lendrr sh~l be entltkd ta colkrt al~ ex~ incurred in pursuing the remedles provt~ed ~
in this parAgmph l9; inciuding, but not Itmit~i to, reasonAbie attorneya' tecs and casts of tftle evtdence. . ~
2~. Lead~r (n Possesslon: Upon acceleration under peragrnph t9 or abandonment of the Property, Lender (by,judicially appointed
receiver) shall be entitted to enter upon, t~kc {iossession of a~td martage titc Property ~nd to cotlect the rents of the Property inclucling `
those past due. Any rents collected by L.ender or the rec~ivet shall be applied first to payment of the costs of` management of the Property `
and collection of rents, including, but not limited to, receivtr's fees. premiums on receiver's bonds anci reasonable attorneys' fees, and
then to the sums secUred by this Secutitv Instrument.
21. Rek~se. Upon payrr?ent of all sums secured by this Secu~ity instrun~ent, Lender shall release this Security Instrument without ~
charge to Borrower. Borrawe~ shail pay any recordation rnsts.
22. Attoctieya' Ftes. As used in this Securily Insttument and thc Note, "attorneys` fees" shall include any auorneys' fees awardeci
by an appellate court. ,
. 23. Rldtrs to this Securtty Instrument. If one or more riders are executed by Borrower and recorded together with this Security
lnstrument, the covenants and agreements of each such rider shal! be incorporated into and shali amend and supplement the covenants
and agrcements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable 6ox(es)~
? Adjustable Rate Rider ? Condominium Rider ~ ? 2-4 Fami(y Rider
? Craduated Payment Rider ' ~ Pianned Unit [3evelopment Rider [X] 1°4 FAMILY RIDER
? Oihcr(s) [specifyj
j BY 5IGNING BELOW, Borrower accepts and agrees to the terms an~ covenants eontained in lhis SecUrity Instrument and in any
~ rider(s) executed by Borrower and recorded wi~h it. •
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~ IN WITNESS WHEREOF, Borrower has executed this Mortgage. "
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r , J.0 A. LAMII~RTSON
ltnes fi - = ;
ATE OF: ~Ry~~ County ss: ~W~ ~~a~~..~.f„~
Witness ~
I hereby certify that on this day, before me, an ofticer duly authorized in the state aforesaid and in the county aforesaid to take ~
aeknowledgments, personally appeared ~
EUGENE LAMBSRTSON AND JO~'~,N A. L11M~~RTSON
, to me known to be the person(s) described in and who executed the foregoing ~
instr?~ment and acknowledged before me that executed the same for the purpose therein expressed. '
' ;;r.~e4s~:,a:~i,;; TH`EY
=~2~'~With~ss A~ fitl:~ and official seai in the county and state aforesaid this ~ 1 th day of
. ~ti: '.~v~,,....,, ~~fiae e- , 19 86 ,
`-x.~1~~ ~`~'~11 Q~JCS~N ~
~ ~c~`nmission expt4es+,'= • C4i~RYl 1. D ~
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=y~-r - (8pass Bsbw Thls Un~ R~served Fw AddfUonat Acknowted~ment~
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RECORD AND RET'tJRN TO: BOOK~~~ PACE g~s .
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