|
��.�
<br />_ f78
<br />NoN.UNIFORM COVENANIM Boimwer and I earter further covenant and ranee as Mows-
<br />19. AccderKIM Rtmedlet, Invader still glrse aot6 to, Borrmrer pkiie.to a= folio Borrowers
<br />breach of suy catrenant or agreemeot Is this Seem* losb1owt that not prior, to sadentBon trader paragrq a 13 toad 17
<br />auless appBeabte law pnWidles otherwise). The motive wait spec ft. W the dewlt; (b) the action required to ewe the
<br />def-du (c) a date, sot less than 30 days Gros the daft the modes Is eves to Borrower, by which the defasft mast be , - - I
<br />sad (d) that faihrre to ewe the detract on or before the date specified In the notice my result im acceleration of the suss
<br />secured by this Security Instrument and sale of the Property. Tice notice shall tortber inforhn Borrower of the right to
<br />reinstate after acceleration sad the right to bring a comet' action to assert the son-eVwtence 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 Gail of all saws secured by this Security Isstrameft without further
<br />demand and may invoke the power of sale and any other remedies permitted by appiiable law. Leader s M9 be entitled to
<br />collect all expenses incurred is pursuing the remedies provided is this paragraph 19, induding, but sot limited to,
<br />reasonable attorneys' fees and cosh of title evweam
<br />If the power of sale Is invoiced, Trustee shall record a notice of default in each county In which any part of the
<br />Property is :ocated 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. Attu 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 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, Trustee shal3 deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prima fade evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited
<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 (U 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 fi st to payment of the costs of management of the Property 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 the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. 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 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 person or persons shall pay 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 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 Instrument. If one or more riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be incorpora!ed 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 Ridr- _
<br />❑ Graduated Payment Rider ❑ Planned Unit Developmen! Rider
<br />[
<br />xJ 7ther(s) [specify] acknowledgment
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained, in this Security
<br />Instrument and in any rider(s) executed by Borrower anr' recorded with it.
<br />......................................................... ............................... ...:.... /)
<br />C ....... /.. rLiQ .................................
<br />(Seal)
<br />Orrin C Krous --Borrower
<br />......................................................... ............................... ......Q •.Vti..t... .....
<br />,' ' ^^�'�' � `��(.- F}t,?:l. (Seal)
<br />Patricia I Krous
<br />STATE OF NEBRASKA, Hall County ss:
<br />On this 24th day of April , 19 89 before tar, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Orrin C Krous and
<br />Patricia I Krous, husband and wife , to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be their voluntary act and deed.
<br />'Fitness my hand and notarial seal at Grand Island, Nebraska in said county, the
<br />date aforesaid.
<br />My Co
<br />of En't Ibr. 23,1941 Nora: y public
<br />(EQUEST FOR RECONVEYANCE
<br />To TRUSTEE:
<br />The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together
<br />with all other indebtedness secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said
<br />note or notes and this Deed of Trust, which are delivered hereby, and to recon•-ry, without warranty, all the estate
<br />now held by you under this Deed of Trust to the persop or persons legally entitled thereto.
<br />Date: S
<br />.......................... ...............................
<br />
|