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NoN-UNlFORM COVENANTS. Borrower and l.,ender further covenant and ag~ee as follows: '
19. Acceleratlon; Remedies. I.ecider shall give notke to Borrower prto~ to acceleratton following Borrnwer's breach
of any covenant or agreement in this security Instrument (but not prior to acceleratlan under paragraphs 13 and 1?
unless applkable law provldes otherwLse). The notke shAll spectfiy: (a) tl~e de[ault; (b) the action required to cure th '
de[au1t; (c) a dxte, not less thAn 30 days itom the date tke aotice !s givea to Borrower, by whkh the defAUtt must
be cured; and (d) that fallure to cure the default on or before the date specitled in t6e aotlce may rese~tt L~ s~ccelerAtian
of the sums secured by Wls Security Insttvment, foreclosure by JndktAl proceeding and sale of the Property. The no-
tlce shaU further intorm Borrower of t6e rtght to reinstate aflter eccel~ration and the right to asser! In the foreclosure
proceeding the aon-existence of a defautt or any other de[ense of Borrowrr to screleratMn and forecWsure, If the default
Is not cured on or before the date spectRed in the notlce~ I.ender st its option may requlre ImmedlAte payment in fuU ~
af all suYas secure~ by this SecuHty it~ttvment without tuither demand and ms~y foreclose th~s SecuNty Instr~~nent
by judicial proceeding. I,ender shali be entltle~! to collect all expeases incutred in pursuIng the remedles providcd in
this psragraph 19, incfudJng, but not Iimtled to, reasonable attorneys' fees and costs of tttte evtdence.
Z0. Lender in Possession, Upon acceleration under paragraph 19 or abandonment of thc Property, L,ender (by judi- ~
cially appointed receiver) shall be entided to enter upon, take possession of and manage the Property and to ~ollect the rents .
of the Property including those past due. Any rents collected by L.ender or the receiver shall be applied first ta payment
of the costs of management of the Property and coltection of rents, including, but not limited to, receiver's fees, premiums
on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. i
21. Release. Upon payment of ali sums secured by this Security Instrument, L.ender shall release this Security lnstn~- t
ment without charge to Borrower. Borrower shall pay any recordation costs.
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22. Attorneys' Fees. As used in this security instrument and the Note, "attorneys' fees" shall include any attorneys' ?
fees awarded by an appellate court. ;
?.3. Riders to this Seeurify Insirument. If one or rriore riders are executed by Borrower and recorded together with ;
this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shali amend and '
supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument.
(Check applicable box(es)] s
~ Adjustable Rate Rider ~ Condaminium Rider ~ 2-4 Family Rider ~
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~ Graduated Payment Rider ~ Planned Unit Devetopment Rider
~ Other(s) [specify]
BY SIGNING BEl.Ow, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument
and in any rider(s) executed by Borrawer and recorded with it.
Signed, sealed and delivered in the presence of:
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oh H. Hanner -eoROw•r
. ~.yd~_ .~~r~ r
Joy ` . Hanner -~o~*
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-Borrow~r
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FlLED ~H~ i,; ~ ,i-:• -9orrorro~
STAT~ OF~~~K NORTH CAROLINA ST.l.UCit Gi.~:'~i
COUNTY OF ~~X~X~ Onslow
The foregoing instrument was acicnowtedged before me this 2gth day of December , 1986
: by '
John la. Nanner and Jayce L. Hanner, hushand and wife,
,B • /l~j ~~..y/~
(Signature and 7ide of Officer ufting acknowicdgment)
' NO ARY PUBLIC, State of North Carolina
~ ~S ; ~ , tJotary Publ ic
' (Tide or wnt)
~ Commission expires: 1 MBrCh 19$8 ~
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- ~ ~ (~ri+1 Numher. if any)
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