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<br />NON.Utu IFORM COVENANTS- Borrower and Lender further covenant and agree as follows:
<br />It. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agremnent In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />pnless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />defaalt; (c) a date, not less than 30 days from the date the notice Is given to Borrower, by which the default must be cured;
<br />and W ftt failure to cure the default on or before the date specified in the notice may result is acceleration of the sums
<br />seared by this Security Instrument and sale of the Property. The notice shall fittrther inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the now- existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is notcured on or before the date specified its the notice, Lender
<br />at Its option may require Immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and stay invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including; but not limited to,
<br />renomMe attorneys' fees and costs of title evidence.
<br />If the power of sale Is Invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall nail copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />.Property at public auction to the highest bidder at the time and place and under the terms dedgnated•in the notice of sale in
<br />ane or more parcels and in any order Trustee determines. Trustee may postpone salt of all or any parcel of the Property by
<br />publie announcement at the time and place of any previously sdwAmW sale. Lender or its designee may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall &llver to the purchaser Trustee's deed conveying the
<br />Property. The rentals In the Trustee's deed shall be prima ftcie evidence of the truth of the statements made therein.
<br />Trustee shall aWy the proceeds of the sale In the following order: (a) to all expenses of the sale, Including, but not limited
<br />to, Trustee's f0m as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instruuent; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, by agent or by judicially appointed receiver) shall be eatitled to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of mnagement of the Property and collection of rents, including, but not
<br />Ir6r ted to. receiver's fees, premiums on receiver's Words and reasonable attorneys' fees, ar,;i then to the sums secured by
<br />tlF� Security Instrument.
<br />21. Reconveyanee. Upon paymvnt of all sums secured by this Security Instrument, Lender shA request Trustee to,
<br />re env<ey the Property and shall surrender this Security Instrum=. t and all notes evidencing debt sa-ux d by this Security
<br />Inqusment to Trustee. Trustee shall r�convey the Property without warranty and without charge to dw: pensan or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />22. Substitute Trustee. Lender, at its option. may from time to time remove Trustee w.d appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this gazurity Instrument is recorded.
<br />Without conveyance of the Property, th-_ successor trustee shall succeed to all the title, p��utir and duties confeffed upon
<br />Trustee herein andby applicable law.
<br />23. Request for Notices. Borrower req est;s that copies of the notices of default and sate be sent to Borrower's •
<br />address which is the Property Address.
<br />24. Riders to this Security Instnment, If one or more fides are executed by Borrower and recorded together with
<br />this Security Emstrument, the covenants and agreements of each sr_ °rh rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security
<br />Instrument. (Check applicable box(es)]
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ other(s) (specify]
<br />BY SWNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this SvA;urity
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
<br />.. ..... ............................................ ............................... jf ,,•, 0 I . ....... ......I................... (seal)
<br />Sherryl K. Olsen —8o ►rower
<br />.............l h :..s...`: .......
<br />Alferd H. Kincheloe Dorothy. Kincheloe
<br />STATEoF NEBRASKA,
<br />Hall county ss:
<br />On this 21St day of March , IV 89 , before m., the undersigned. a Nmary Public
<br />duly commissioned and qualified for said county, personally came Sherryl K. Olsen, a single person,
<br />Alford Kincheloe and Do othv. M. Kincheloe, each in his and her , 10 rue knrxvn to be the
<br />i9 i sbn� ► ti'�i3sCSRi� �(s)o reak511yCAl:if O the foregoing in•,trument and acknowledged the exconion
<br />thereof to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Tsland, Nebraska in6ald county. the
<br />date aforesaid.
<br />W
<br />6r lI/Jttt -Shte at was
<br />My Commission expires: BiiBtl:A J. ALDER
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