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<br />RE.
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<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:: 1487
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 11
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (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 (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reiastate after acceleration and the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at Its option may require immediate payment in full of all sums secured by this Security Instrume>t without further
<br />demand and may 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 />reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is involved, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail 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 gave 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 diesignated in the notice of unle in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Ft�i by
<br />public announcement at the time and place of any previously scheduled sale. Lender or its designte. way (i44tase the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed ceats+rg the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statemeets ai iiffie terem.
<br />Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, ind.Wi i ' bit iu) L1 tnited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and tc) 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 entitled 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 management of the Property and collection of rents,'includingi but not
<br />limited to, receivers fees, premiums on receivers bonds and reasonable attorneys fees, and then tolhe sums secured by
<br />this Secusity Instrument.
<br />TL - =.onveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall.-request Trustee to
<br />reconvey the Property and shall surrender this Securiy Instrument and all notes evidencing debt sever by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Ppiperty without warranty and without charge tp tfTe�gerson or persons
<br />legally entitled to it. Such person or persons shall IOY any recordation costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the succes qtr trustee shall succeed to all the title, power and duties conferred upon
<br />Tri Astee 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 />24. Riders to this Security Instrument. If one or mos-tt rrders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of et>,:lr such ridershall be incorporated into and shall amend and
<br />supplement the covenants and agreements of, thisi �ccuiity Instrument as- if the rider(s) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />M Adjustable Rate Rider Condominium Rider .7 24 Family Rider
<br />❑ Graduated Payment Rider [] Planned Unit Development Rider
<br />F-1 Qtlrer(s) [specify]
<br />BY SIGNING BELOW. Borrower acce-pss 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 />.................................................... ............................1n^ �? ...c-- �!-- ,..`.. .(Seal)
<br />�JO n B. E1jdE�?r% — Borrower
<br />........................... .......... ... .. ................... ........ :..- / ',(f/t.111r f/�-- ........................ (Seal)
<br />�fYi -s•ia J.M.`J. Elder orrawer
<br />SMIE'.OV Ni;BRASKA. I Hall Coumy ss:
<br />On this 24th day of March . 19 89 , before me, the undersigned, a N+;otar% Public
<br />duly commissioned and qualified for said county, personally came John 6. Elder and Theresia J.M.D.
<br />Elder, each in his and her awn right, and as spouse of each other . tome ktumn to he tite
<br />identical person(s) whose nanie(s) are subscribed to the foregoing instrument and acknot0edged the execution
<br />thereof to be their %oluntary act and di=ed.
<br />Witness Iny hand and notarial seal at Grand Island, Nebraska in paid county, the
<br />date aforesaid.
<br />My Commission expire,:
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