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Now - UNIFORM CO FNANIS Biter +wer and Lender further cm tenant and agree as follows 89—
<br />19. Acceleration; Remedies. Lender shall Aire 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 />r default; (c) a date. not less than 30 days from the date the notice Is given to narrower, by which the default must be cured;
<br />I and (d) that failure to cure 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 the right 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 of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable taw. Lender shall be entitled to
<br />collect all expenses incurred In pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall 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 />OW persons prescribed by applicable law. After 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 am.d.under the terms designated in the notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee my )rostpone sale of all or aDv parcel of the Property by
<br />public announcement at the time and place of any previously scheduted sale. Lender or its designee may purchase the
<br />Property at any sale.
<br />Q?pm receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed c( MW.Xi°ng the
<br />Property. ne recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therert;-
<br />Trustee shall appLN the proceeds of the sale in the following order: (a) to all expenses of the sale. including, but not li witted
<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 (c) any excess to the perrion or persons legally entitled to it.
<br />20. Lender in Possess6an. Upon acceleration under paragraph lU or abandonment of the Property, Lender (in
<br />person, by agent or by judicially appointed recerser) shall be entitled h+ enter upon, take iwssession of and manage the
<br />Property and to,.,tAleci the rents of the Property including those past due. Any rents collevi.e(i by tender or the receisec
<br />shall be apl%cd 6zrst to payment of the tests of management of the Property and collectioii•rf rents, including. but no.z.
<br />limited.. ¢ta, imneiver's fees, premiums on receiver's honds and reasonable attornevc' fees, and then to the Sums secured by
<br />thisSm -u ity Instrument.
<br />21. Reconveyance. Upon payment of all sums stsured by this Security instrument, Lender shall retiuest 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. Truster 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: i•ecvrdation costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />a ary Tr R.�......t :rt.ttt .. by a., ...,t :a`ii`n,ars . �%irds'v in the Ciriii+iy iii i+liii(+ t his i owui;<iy 1naii iiiiiciti ii ietivi'ucv. .
<br />Without come }ranee of the Property, the sumvssor trustee shall succeed to all the title, power and duties conferred upon
<br />Ti tistte heceipwru by applicable law.
<br />23-Request for Notices. Borrower requests that., copies of the notices of default and sale be sent tV Borrower's
<br />address.whtch is the Property Address
<br />24. Ridetss to this Security Instrument. If one or more riders ;ore eae•. tired by Borrower and recerdel :together with _
<br />this Security Imsmument, the covenants and agreements of each such irder "shall he incorporated into anti. shal; amend, attd .
<br />supp!crtent they covenants and agreements (if this Securty Instrument as if the rider(s) were a part. of this Seeur•,'ti:
<br />Instrim,mi. [Cheek applicable box(es)J
<br />Adjustable Rate Muter Ccadaminium Rider j 2-4 Family Rider
<br />[; Graduated Payment Rider 7, Planned Unit Development Rider
<br />Other(s) [specify] !j
<br />By SIGH qc, BFuow. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and reKrded. with it
<br />Q
<br />enc 0 r�g1a McPhi ips - ecsower
<br />n ���
<br /><r
<br />�... i,�.'�... ... � � ....(wal) •
<br />is Francis McPhillips - aorroxe,
<br />`a /k /a Julia Frances McPhillips
<br />SIAII (it tit »it, »�•v. Hall c".rnrn
<br />On this 23rd da% of May , ly 89• belt ,--t mc, the under opied. a Votary 12ubht
<br />duivcommi•sioned and quahfled for .aid c,sunrti• vcr�t+nalh tame Lawrence Douglas 146EP R�rand Julia
<br />U�4 1�u ah JA{,Od R2FP- tlni�his and her own right, and as spouse of/tt+ nn ).n,+ttn r., hr the ° -
<br />t'a pt .on . w oec rrsnn n • -111 -if it+ ih•: t"tc•,r„nri, ns.nunicni ,nuf aJm1%.lcdi•ecI the cicommi
<br />cheroot to he their ��dunt :(t e,r an.: dctd
<br />��itnc•. nit bend ernl :, •c,i iel •cal n? Grand Island, ebraska ui "Ild ttnsnt%. Ili,
<br />146
<br />date af(:e•atd. � l r7
<br />11t (t,ntsnt,•.n,u escort•. 1. _ ( .� �%�
<br />���tiwae I ,I f t,ttt!i: ,�,�i Y� •r I
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