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<br />rim RECORDED 89-. 101995 89...101739
<br />NON•G mFoRM COVENANTS. Borrowerand Lender further covenant and agree as follows:
<br />19. Acceleration; Resediea. Leader shalt give soSee to Borrower prior to acceleration following Borrower's
<br />I breach of nay covenant or agreement in this Security Instrument (but not prior to secekntion under paragraphs 13 and 17
<br />r unless applicable law provides otlterwine). The notice shall specify. (a) the defiult; (b) the action required tea. 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 />r and (d) that failure to cure the default on or before the date specified in the notice may result is acceleration of the sums
<br />secured by this Security Instrument and sale of tihe Property. The notice shall. further inform Borrower of the right tj
<br />reinstate after saderation and the right to bring a court action to assert the nova - existence of a default or any other
<br />defense of Borrower to sceekration and sale. If the default k not cured on or before the date specified in rite notice. Leader
<br />at its option may require immediste payment in full of all sums secured by this Security Instrument without farther
<br />dessasd and way invoke the power of sale and any otber resedies permitted by applicable law. Lender shall be eutided to
<br />collect all expermes incurred in pursuing the remedies provided fs this paragraph 19, including; but not limited to.
<br />reasonable attorneys' fees and costs of title Mdestm
<br />If the power of sale is: %yoked, Trustee shalt record a notice of default In each county in which any part of the
<br />Property is located and shall iuRc*es of notch notice in the ms2ansr prescribed by applicable law to Borrower and Or the
<br />other persons prescribed by' ,iS3r*.1c low., After the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the_ jo twdbed by awlieable Isw. Trustee, without demand on Borrower, shall, seg. arts,
<br />Property at public auction ti3aiaelii itt bidder at the time and place and under the terms designated hr.the notice of 52116. in-
<br />one or more parcels and in my order Trustee determines. Trustee may postpone sale of all or any parcel of tice Property *#_,: ,: ..
<br />public sarmacement at the time and place of any previously scheduled safe. Lender or its.dedpee uuy purchase tli
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee she deliver to the purchaser_Tsysfee'p deed conveying the-
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of thi. sfatCdlw_ts i made therein.
<br />Trustee shall apply the proceeds of the.sste in the following order. (a) to all expenses of the sale, iactudir g;•but not limited
<br />to. Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all. sums secureidtby this Security
<br />Instnu ent; acid (c) any excess to thte 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 apgointed 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 Fayment of the costs of management of the Property and collection of rents, including, buck
<br />limited to, receiver's fees, premiums on, receiver's bonds and reasonable attorneys' fees. and then to the sums securc�3.1;),"
<br />this Security Instmn6ltt.
<br />21. Reoaavty-anee. Upon payment of all sums secured by this Security Instrument, Lender shoWrequest Trustee to
<br />recenvey the Property and shall surrender this Security Instrument and all notes evidencing 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 pen,on or persons shall pay any recordation costs.
<br />22. Substitute Trustee. Linder, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointril hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />lfirilhout 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 Borrowor s
<br />address which iritfte Property Address.
<br />24. RfrTars: to this Security Instrument. If one or more riders are executed by Borrower and recorded toget1w xw:tit
<br />this Security bi!Vument, the covenants and agreements of each such rider shall fir. incorporated into and 4ha2 amend and
<br />supplement tins; imvenants and agreements of this Sm -urity instrument as if Ore rider(O. were a part cf this Security
<br />Instrument, 10 ock applicable box(es)]
<br />❑ Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider _
<br />❑ Graduated Payment Rider ❑ P1xined Unit Development R.-ttr
<br />❑ Ottar-Ef"ai [specify]
<br />BY S1o.!:rN1G BELOW, Borrower accepts and agrees to the terms &Pd oovenants contained in this Security
<br />Instrument and ia, any rider(.) executed by Borrower and recorded with it,
<br />t�iiaii� .. . ...... . ...(Seal)
<br />C. T mm son — narrower
<br />I. ;hampson - eart�ia»
<br />STATE. 01. N3 el, ;;'ILSKA. Hall County S%:
<br />On this 23rd day of (+larch .19 89 , before me, the undersigned. a Nt,tary Public
<br />duly commissioned and qualified for said county, personally came Wallace C. Thompson and Mildred 1.
<br />Thompson, each in his and her own right, and as spouse of each othertc, lie known 11, he the
<br />identical person(s) whose names) are subscribed to the foregoing insit ument and acknowledged the execution
<br />thereof to be their «,luntary act and decd.
<br />Witness my hand and timari tl teal at Grand Islands fVshrasf<a in . :girt cuttrr +ty, tht_
<br />date aforesaid.
<br />My Comm
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