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It the power of sale is Invoked, Trustee shall record a notice of default in each coun�tty hl� aany�t of the Property is located and stall avail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable lair. After the time required by applicable law, Trustee shall give public notke of sale to the persons and is the owner prescribed by applicable law. Trustee. without demand on Borrower, shall Self the Property at public auction to the highest bidder at the time and place and under the terms designated in the Notice of salt in one or more parcels and in nay order Thotee determines. Trustee may postpone sale of all or any parcel of tie Property by public aanouncemeat at the time and place of any previously scbeduled sale. Lender or its designee may purchase the Ptopero at my sale. Upon receipt of payout of the price bid, Trustee shall deliver to the purchaser Trustee's deed eoaveyfas the Property. The recitals is the Trnatee�s deed shall be prima facie evidence of the truth of the statements made therein. Truster shalt apply the proceeds of the sale is the followina order: (a) to all expeuaes of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security. Iastramient; and (c) nay excess to the person or persons legally entitled to it 20. Leader in PotsesdwL Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon. take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Prcp�rt<y, and collection of rents, including, but not limited to, receiver's fees, ;srrrniums on receivees, ,%-s t reasonable Aftoxneys' fees, and then tg4z hums secured by, Ais Security instrument: , t*eyssel i 9�vmran ttf s fi• • -TV4, by,.Ois Security Instrument, Lender s�tr*W')ioiiai�t�.: snea� ^ve++ tidy iF'r ^` ty 1az:. �t and aq totes evidencing debt sr I l = S miffi f 0 �'i�er...l1 : si5 .t`ec = utivei4'ma era rrs di s t�iskitH and without r� tT ilegal:yier iiti)e�ii;ar�gs-44,"er zper'sv ssha;iinnba,-ryrecei+ tbiL. R3: ..... e: ' 21. �tnte Trustee. Lender, gilts option, may frot f i';r tirsie to "Move t'ri%ii'io�siridt appoint a succct, i 1- iistee to any TrL4ae appointed hereunder by an instrument recorded ire the county in which' tErss Security Instrument is ft=rded., Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon - — Trustee hcrcin and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's ad- dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person set forth herein." 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with _J this Security instrument, the covenants and agreements of each such rider shall be incorporated into and shall 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)] Adjustable Rate Rider 0 Condominium Rider ❑ 2-4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Eider Other(s) [specify] it .S' 1 i ILI BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument amt in er(s) eMlind by Borrower and recorded with it. (Sea!) �Ch(i1)�.ul� oseph ; -.S ens Ecm eryl R Summers Seal) ...:_(Seal) .Swfowsr ACKNOWLEDGMENT t1We, Joseph P. and Cheryl R. Stammers , ( "Trustor "). under that certa! -1 Deed of Trust dated .. February 23rd, 1989 , ( "Deed of TruW) to be entered into amoung Trustor, Commercial Federal Savinse and Loan Association, , ( "Trustee ") and Central Mortgage Corporation ( "Beneficiary ") covering the following described property: LEGAL DESCRIPTION: See front page hereby ackowledge that it is understood that (a) the Deed of Trust to be wecuted by Trustor is a trust deed and not a mor- tgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 23rd day of February , 19 89 state ov**r=, it County of Hall The fn +negoing instrument war• ads nowledged before me I' 22nd day of, F;6ruary .1$ 89 . by Joseph P. Summers and Cheryl R. Summers Husband and Wife Witness my hand and notarial seal at grand Island in said County, the date aforesaid. MY commission expires: /.tiGi`Ili1At hpTA�YS!atj t,t t,,'t:a:'a c 6 oac -nrA L. rEeo I1 k ;l yTrs P/ C4:�1 flo fah/ r) ' 4 cat y u rc