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<br />89- .101739
<br />Nt1N•UNiFORMCOVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall give satice to Borrower prior to acceleration following Borroween
<br />breach oll any covenant or agreement in this Security taatrument (but not prior to acceleration under paragraphs 13 and 17
<br />usksa applieaMe law provides otherwise). The !notice mall specify: (a) the default. (b) the action required to cure the
<br />default; (c) a•date, not less than 30days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to core 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 />reinstate after acceleration and tie right to bring a court action to assert the non - existence of s default or any other
<br />defaase of Borrower to acceleration and sale. if the default is nat cured on or before the date specified to the notice, Lender
<br />at Its option stay require Immediate payment in full of all suers secured by this Security Instrument without further
<br />demand and slay invoke the power of sale and any other remedies permitted by applicable law. Lender shall*be entitled to
<br />collect all'eupenses incurred Its pursuing thie remedies provided in this paragraph 19, including; but not limited to,
<br />reasonable attorneys' fees and coats of titk evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in "blab any part of the
<br />Property is located and shall mail copies of such notice is 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 />ask to tk persons and in the manner prescribed by applicable law. Trustee, without demand an 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 sale.
<br />Upon receipt of payment of the price bid, Thj -m?e shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustees deed stall be gtdi ik Bwk evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the fa& -car: (a) to all expenses of the sale, including, but not limited
<br />t a, T"ntr t e's fees as permitted by applicable law amd: c- asonable attorneys' fees; (b) to all sums secured by this Security
<br />IIastrwvw4 and (c) any excess to the person or persaas legally entitled to it
<br />2x1; 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 Prpperty and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to ffe sums secured by
<br />this Security instrument.
<br />21. Recoaveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidercirg debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person 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 Trusme and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is m- corded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title. power and duties conferred 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 />24. Riders to this Security lnstnunent. if one or more riders are executed by Be rower and recorded together with
<br />this Security gr:,trument:, the covenar s and agreements of each such rider shall be incorporated into and shall amend and
<br />sa,;splement the covenants and agreements of rl i$ Security Instrument as if the rider(s) were a P.,rt of this Security
<br />trstrument. [Check app "usable box(es)]
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family ? v:&-r
<br />❑ Graduated Payment Rider ❑ Planned Unit Developtr_en R:.:_
<br />C other(s) [specify]
<br />Wr `ih "GN1NG BELOW Borrc-:,nec accepts and agrees to the terms and coverts is contained in this 1&::urity
<br />Instrumern.vnd in any rider(s) executzl !by Borrower and recorded with it.
<br />ST'AYt.or NimhASKA.
<br />. .........(Seal)
<br />ace C. T� m sen -- -Lnrrower
<br />,Z-� -� � ............... ($cal)
<br />Mildrt:+S I. 1`he.;� :3an =earowe+
<br />Hall County ,s:
<br />On this 23rd day of March .19 89 , hefore me. the undersigned, a Notary Puhlic
<br />duly commissioned and qualified f+ir said county, personally came Wallace C. Thompson and Mildred I.
<br />Thompson, each in his and her own might, and as spouse of each otherro me known to he rite
<br />identical person(s) whose nan,.& ;) are suhwribed to the foregoing instrument and acknowickcd fire execution
<br />thereof to be their voluntary act and decd.
<br />Witness my hand and notarial seal at Grand Island, Nebraska � in said count }•, the
<br />date aforesaid.
<br />i
<br />41y Gorr
<br />�ipy M. MAIM ti
<br />wtl■mEt►1 t
<br />to Tat of r•-
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