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<br /> ( No1v-Utv�toRhf CovENntv�rs.aarrower and Lender further covenant and pgree as follo�vs:
<br /> • 19. Accelers�tioa; Re�aedIes. Ixader shxll gtivr notece to Borrowe� prio� ta acccic�t�on EollowinR �n��o�er's
<br /> �reac�of any cove�e�nt or a�cement jn this Security Instrument(but not prior to acceYeration under paragrAphs 13 And l7
<br /> unless sppltcable law pruridea olherwise). The notice shall specify: (A) the defaulh, (b) the�tction reQuircd to cure the
<br /> � det�ult;(cl a date,not less thu�30 day s trom the date the notice Is given to Borrower,by which the def�ult must 6e cured:
<br /> �nd(d)t6�t tdlure to cure the default on or befo�e the date speclfted in the notice�nay re�ult in acceleratiun of the sums
<br /> secured Dy this Security lnstrumsnt and sale oi the I'roperty.'fhe notice shali funhe�ieform Bur�awer of the�ight to
<br /> reinstate�#�ter acceleratton �n�l the rtQht ta brin�n coun �ction to assert the non-existence oi R defAUit os Any other
<br /> detease of Bormwtr to aaceteration�tnd satr.If the dafault is not cured on ar beton the date speciflet!in the noticr.Lender
<br /> at ita oFtion may reauiro immedi�te pasnnent in tull cf all aum� secured by this Security Instrument Rithout further
<br /> demand aad msy Invoke the poRer of sala and any ot6e�remedie,s permitted by applicable law,Lende�shall be entttled to
<br /> catlect all expenses incurred in pursuing We remedies pro�ided in this puagnph 19, inctuding; but nat Itmited to.
<br /> reaeonable attorneys'fies�nd costs of titte e�ider.a.
<br /> I!the power of�ale is Invoked,Trustea ahdl recerd a noNce of det�tult in each county in which sny part of the
<br /> ; Propesty i�loc�ted and shall m�il copies of such eoHce in the ms�nner prescribed by Applicable law to Borro�ver ond to the
<br /> othe�person�prescribed by applic�tble law.After the time required by applicabte 1�►w.Tru�tee sh�ll gire public notice of
<br /> ade to the perao�s�nd in the manner prescribed by�pplic�ble law.Trustce,Mithout demand vn Borrower,sh�ll sell the
<br /> Property it publl�r auction to the highat bidder at t6e time and pl�te and unde�the terma desige�ted in t6e aotice af sale in
<br /> oae or more parcels and in�ny order Trustee deteemines.Trustce ms�y postpone ss�le of all or�ny pucel of tbe Property by
<br /> publlc announcement at the time and place of any prevtously scheduled sale.Lender or its desienee may purchase the
<br /> Property�t any a�le.
<br /> Upan recelpt o!payment of the pr�ce bid,Trustee shall deliver to the purchnser Trwsiee's deed conveying the
<br /> Property.The recitals in the Trustee's deed shs�l!be prims facie evidence of the tn�th of the statements made therein.
<br /> Trustee shall apply the praceeds o6 the sale in the following order:(s�)to dl expenses of the ssde,including�bnt not limited
<br /> to�Trustee's fees�s permitted by applicable law and reuonable attorneys'fees; (b)to all sums secured by this Security
<br /> Instrument;and(cD any excess to the person or persons legally entitled to it.
<br /> 20,Lend�r in Possession. Upon arceleration under paragraph 19 ar abandonment of the Property, Lender(in
<br /> person, by agent or by judiciatly appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br /> Property and to collect the renU of the Propeny including those past due.Any rents collected by Lender vr the recei�•er
<br /> ' shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not
<br /> limited to,receivcr's fees,premiums on r�eiver's bonds and reasonable attorneys'fees,and then ta the sums secured by
<br /> this Security Instrument. �
<br /> Zl.Reconveyance.U�on payment of all sums secured hy tl�¢s Security Instrument.Lender shall request Trustee to •
<br /> reconvey the Property and shall surrender this Security Instrument and all notes evidencing debi secured by this Security
<br /> lnstrument to Trustee.Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br /> legally entitled to it.Such person ar persons shall pay any recordation casts. :
<br /> � `Z.Suiwiii�ir'�'rusiee.L,euder,ai iiy upiiun,mny frui;►i►uie ta tin�e reinuve Truaiee and appoinc a successor crustee -'. -
<br /> to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br /> wit�ouz conveyance ot me rroperty.tne successor trustee si►aij succeed to afi the titfe,power and duties conterred upon
<br /> Trustee herein and by applicable law. `_
<br /> 23.Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br /> address which is the Property Address. '
<br /> ?A.Riders to this Securlty Instrument.If one or more riders are eaecuted by Borrower and recorded together with �
<br /> � this Security Iastrument,the covenants and agreements of each such rider shall Tve incorporated into and sha11 amend and �
<br /> supplement the covenants and agreements of this Seeurity Instr�ment as if�L�e rider(s) were a pan of this Security `
<br /> Instrument.[Chcck applicable box(es)] }
<br /> � � _ � Adjustable Rate Rider � Condominium Rider G 2-4 Family Rider _ �
<br /> � ,
<br /> [�Graduated Payment Rider � Planned Unit Development Rider f�=
<br /> , �[] Other(s) [specify] 1-4 Family Rider �•�
<br /> HY SIfiNING BELOw. Borrov�er accepts and agrees to the terms and covenants contained in this Security
<br /> Instrument and in any rider(s)executed by Borrower and recorded with it. �
<br /> ........................................................................................ ...�..---�--...Q.�-✓..� .�...vh......... .... .............................. .(Seal)
<br /> -eo.rowe►
<br /> H. ,Ervin Sorensen -
<br /> � ' �,�t c��� �'3� -�:,.,� � � v� r. �' �--� .(Seal)
<br /> .............................................••--....................................... �Irene�M. ��Sorensen .. ..._... .. ..............._eo,�ow�►
<br /> STATEOFNEBRASKA. Hall County �s:
<br /> On this 8th day� ofMay ,19 90 , hcfrne mc, �hc undcr�igncd, a Nc�tar}• Ni�hli�
<br /> duly commissioned and qualified for said county, personally ramc H. Ervin Sorensen and Irene M. Sorensen
<br /> � each in his and her own right and as spouse of each other , ro mc I�my��n t�� hr ihc �
<br /> identicai person(s) «•hase name(s) are subscribed to :hr foreg�ing intitrumrnt and arknc�uledgcd thr etrrutirni
<br /> thereof to be his/he� •oluntary act and dc:d.
<br /> Witness my hand and notarial ceal at Grand Island, NebTeska in .:iic! r�unty, ihr �
<br /> datc aforesaid.
<br /> My Commitision c�rires: �/� �- �13 � � � � �, �
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