|
mr
<br />1,
<br />r
<br />j
<br />102309
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows.
<br />19. Acceleration; Remedies. Lender shall Site 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 17
<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 iq acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further Itsfortm Borrower of the right to
<br />reinstate after acceleration arpd the right to bring a court action to assert the eon- exlstence 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 Instrument without further
<br />demand and may istvoke the power of sane and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in puraring the remedies provided in this paragraph 19, lnclyding; but not limited. to,
<br />reasonable attsmatys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee sbalf'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 give public notice of
<br />salt 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 aw f�ar3er.Trustee determines. Trustee may postpone sale of aA or any parcel of the Property by
<br />public announcement at the throe and place of any previously scheduled sale. Lender or its designee may purchase the -
<br />Property at any suit.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying-the
<br />Property. The recitals in the Trustee's deed shall be Prue fade evWence of the truth of the statements: made therein...
<br />Trustee shall apply the proceeds of the sale in the followb g rdyter, M) to all expenses of the sale, including; but nof' llmite+d i
<br />to, Thest"Is fees as permitted by applicable law and reasamable attorneys' fees; W to all sums secured by this Security.
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender nn Possession. Upon acceleration .under paragraph 19 or abandonment of the Property, Lender, (in .
<br />person, by agent or by judicialLy a^!gv ffcd receiver) shall be entitled to enter ¢r*•+r -.take pasussion of and:managr> the
<br />Property and to collect the rents of the Property includ :g those past due. Any mints collected by Lender or the receiver,
<br />shall be applied first to paymzr. ai the costs of management of the Property aaf ti '-ollection of rent% including, but, not,
<br />limited to, receiver`s fees, premiums on receiver's bonds and reasonable attomeys' fees, and then to the sums secured:by'
<br />this Security Instrunrert.
<br />21. Recouveyimm upon payment of a,7 sums secured by this Security Insmunent, Lender shall request,Trustere to,
<br />reconiey the Property ant rs_,zU surrender this Security ms',mment and all notes evidencing debt secured:by.-this Security,
<br />Instrum, -ant to Trustee. TrusteesbA reconvey the Properrq without warranty and without charge to the prrsoriar,persons
<br />legall j gilled to it. Such person or persons shall pay any T2cordation costs.
<br />2:. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successot,trustee
<br />to any T"f utee appointed hereunder by an instrument r=rded in the county in which this Security Instrument is recorded.'
<br />Withrkut~ conveyance of the Property, the successor trssuoe shall succeed to all the title, power and duties canferred;upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that copies of :tixr_• notices of default and sale be sent to nroiver's
<br />address which is the Property Address.
<br />24. Riders to this Security Instrument. If one or riders are executed by Borrower and recorded together, with ,
<br />this Security Instrument, the covenants and agreements f:f lmch such rider shall $r• incorporated into and shall iamend -and
<br />supplerrntat the covenants and agreements of this Sec4rrrg: Instrument as if the rider(s) were a part of, this Security
<br />Instrument. [Check applicablebox(es)]
<br />Q Adjustable Rate Ride; Q Condominium Rider j.2-4 Family. Rider. _
<br />[] Graduated Payment Rider Q Plang2ti: O'nit Development Mder
<br />Q Other(s) Ispecify)
<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 and rta:orded with it.
<br />................................. I., ..................... ............................. .............................. ili l,Lwa, (Seal).
<br />E . l
<br />W yne Grr,'vrer
<br />......................................................... ............................... .
<br />hf y H. Williss _s,(Seal):
<br />STAI1: 01• NEBRASKA. Hall County
<br />On this 3rd day of r4ay .19 89 before me, rite tisidersitned. a Notary-f'ubliv
<br />duly commissioned and qualified for Said county, personaily came Wayne E. ililliss and Mary H. Wi.11iss,
<br />each in his and her own right, and as spouse of each other U) life writ«rf to h' site
<br />identical person(~) whose names► are subscribed to the fore .goine in,trantenr and execution
<br />thereof to be their %oluntary act and iced.
<br />Witness my hand and notarial seal at Grand Island, tiebraska in '-aid county. the
<br />date afos•e5asd.
<br />t
<br />My Commission expire%:
<br />..'c'. �.
<br />Iti Ut-1 tit`Ftil; t i E )h�'I 1'�tit I' `t• r.,,.,.
<br />� ■INlrarrrttra . .
<br />�r�r. 2;
<br />'rr , 'l M► fiaa elp ftt t m
<br />Itie trit'i,'rtfiil_ll Iv flr: lunld:r fit the fit art „( 1..,`t . `LtIE``CtI 1•4 [III-• . +r If_ t t
<br />t. l
<br />4 e .ftil . tt
<br />v: Itt h wu tth% flit, tf ..:,JtgIiu,r.It. t' I,;et. t ,.t:J f; ill" ' L � .• r i t. i + t tl,} t!rI ':t it ltf+i .-•, ,
<br />i.,Ct•i;t,•t
<br />t. ill. t'I •..e•,t
<br />rWIL fir Huff -.I F. tl:'i Il :,d rat tf,i•c, t:lt: i..fi
<br />nests t103 b. y1�,r %es �:. fh•- 4):e.b �t 1, t,. +'t , tr,; _.
<br />I P.elc
<br />F,
<br />►.
<br />M1
<br />
|