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89�vE)vwMrs. Borrower and Lender further covenant and agree as follows: <br />19 Acceleration; Remedies. Lender shall pee not}a to Borrower prior to acceleration following Borrower's <br />bteseb of nay sov}n�at or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unletq'*M4sble aw provides otherwise). The notlet 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 />1 <br />and (d) that failure to cute the default on ur before the date specified in the notice may result in acceleration of the sums <br />secured by this Security Instrument and We of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration and the fright 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 ot all sums secured by this Secarity Instrument 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 incnmed in pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fm and costs of title evidence. <br />If the power of We is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Proprartq is located and shall mail copies of slid notice In the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. p6A& r the time required by applicable law, Trustee shall gave public notice of <br />sale to the persons and In the manner presm --bed 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 designated in the notice of sale in <br />one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any safe. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the -' <br />Property. The recitals is the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the fo1T timing order: (a) to all expenses of the sale, inclttd�, but not limited <br />W Trustee's fees as permitted by applicable law and miasonable attorneys' fees; (b) to all sums se is and fly this Security <br />Instrument; and (c) any excess to the person or persons legally entitled to it. <br />20. Lender in Possession. Upon, accelera*.i3it C abandonment <br />. d, paragraph 19 or abandonme. d, Th&L'Property, Lender (in <br />person, by agent or by judicially appointed raeei, �e )' shall be entitled to enter upon, take rzssission of and manage. the <br />Property and to collect the rents of the PrD► cy. including those past due. Any rents collec ed by Lender or the receiver <br />shall be applied first to payment of the costs of Tnanagement of the Property and collectia- of rents, including, bs t'not <br />limited to, receiver's fees. premiums on receiver's bands and re0 anable attorneys' fees, and tc zlhe sums secar i. by <br />i this Security instrument. <br />21. Reconveyance. Upon payment of all sum's secured by AA' Security Instrument, ier.Jer ss ; mquest Tr„mie to T .; <br />reconvey the Property and steal} surrender this Security Instrument and all nates evidencing debt se'. this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons f <br />legally entitled to it. Such person or persons shall pay any recordation costs. G t <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 ff''toperty, the successor trustee shall succeed to all the -title, power and duties conferred upon _ <br />Trustee herein and by app1i..z1V a law. <br />23 Request for Notices. Borrower requests that copies of rise notices of default and sale be sent to Borrc;vices <br />address which is the Property Address., <br />24. Riiders to this Sa�rurity Instrument. If one or more riders are executed by Borrower and reccaded to' hw with <br />thfs Security Instrument, !Ire covenants and agremr r:,ts of each such rider shrill be incorporated intc aTit,: shall amend and <br />supplement the covenants :asd agreements of this Security Instrument as -N the rider(s) were a part of this Security <br />Instrument. [Check applira`.'Iz er(zs)] r- <br />Adjustable Rate M-2er [J Condominium Rider 2-4 Family Rider <br />Graduated Pa =ant Rider Planned Unit Development Rider ' <br />[ Other(s) [specJ j VA Assumption Policy Rider. VA Guaranteed Loan Rider, Ackneygledgement <br />BY SIGNING BELo%, accepts and agrees to the terms and covenants contaired in this Security <br />Instrument and in any ride: sl and reco fed with it. <br />/....C..l.tJ ... .., .................... (Seal) <br />DEAN A. NELSON orrower <br />................................. ............................... (Seal) <br />Borrower <br />(Space Below This Line for Acknowledgment) <br />STATE OF .NE$RASKt1 ................. <br />COU,vry OF HALL ..................... . <br />The foregoing instrument was acknowledged before me this.......... MARCH 30TH, 1989 <br />by I);� _ NELSON, A SINGLE PERSON (date) <br />(;O,ion(s) acknowledging) <br />My "llp"rall <br />w 6i#41M1 t111tMrsnr r <br />MAHC.AiIET h avow - � ........ . <br />a rite t',saa Eat try L 1!!t; (St =Ali <br />i� Notary Public <br />»•ar (.iii inbtt iiiitit wai Ntcj3iiiZd iiy ....,ava.vst 'dif ............. ............ ............................... <br />