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r 9Q-�05138-
<br />- " -- - it ION• UNIT -OR. tl CovENAtsts. Borrowx aW Lender further coveuantamd agreeas follows: — - - -- - : - - -
<br />19, Aceelenooa; Remedleir. Lender shall; she wotiice to Borrower prior to acceleration following Borrowers
<br />breaA gfsiay eovessat or agreement In this Secattly batrament (bill jot prior to acceleration under paragraphs 13.0md 17
<br />r. irks appiiabk . law p "Mes othaein), The notice shall specify: W the defaslt; (b) the action required to cum the
<br />defaalt; (c) a date, sot kas tiara 30 days from the date the wtke is given t9 borr�awer, by which the detiultmust be cared; - -
<br />and (d) 60 fWlwm to care the dMaait on or before the datt gwMed in the notice may result in acceleration of the slims
<br />sexi�d by thb Sem ty Laltrwaent lard sale of the Property. The notice shall further inform Borrower of the right to
<br />reiolate of w acceleration and the right to bring a court unction to assert the itgn- existence of a default or Say otba
<br />defeaw of Borrower to wederatiom and auk. If the defWdt is not cured on or before the date specified in the madce, Lender
<br />at its apdoa may require iaraaiinte psytaeat is fa of all antis seared by bills Security Iastrami nt without farther -
<br />demand anti sway invoke the power of s* and any other trerie It - peno tted by aipo=ble law. LeWw shall be entitled to,
<br />- =sonic; ail espfdes4acwi+t:a lit pat *h* tilt �edlm piividai is this pwagniph 19, ;alluding; ba! rat linsit� to.
<br />t+eauanabie attortaeys';tees nerd earls ottitle evidence.
<br />If the power of sale its invoked, Trustee shall record a notice of default In each county m which arty part of the .
<br />Property ii loealW and siail mail coon of saeb notice in the ma®er prescrmed by applicable law to Borrower and to the
<br />- - - - otber persons prescribed by applicable law. Alter the time required by agplicSble law, Trustee sbAil give public noHee of _- _ ,-
<br />. sale to tie pawns and in the mariner prescribed by appflkable law. Trustee, without demand on'Borrower, shall sell the - -
<br />property s<tpohilic auction to the bighest bidder at the time and place and under the terms designated in the notice of sale in
<br />.
<br />one or sore percels and in any order Trustee determines. Trustee may postpome sale of all or any parcel of the Property by'
<br />public sn noimcemelit at the time and plane of my previously scheduled sal& leader or Its designee may purchase the
<br />�roperiyntairysale.
<br />Upon receipt of payment of the price bid, Traftee shall 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, Trustees fear 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 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 andto 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 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. ReconveyancL 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 incorporated 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 applicablebox(es))
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider _
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ Other(s) [specify]
<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 recorded with it.
<br />....................... .................... ............................... .......... :.::.. ...� 1 ... ................. ...............:.........(Seal)
<br />David E. Chamberlin - Borrower
<br />................................................. ............................�.. G.'U..........(Seal)
<br />aniberlln - Borrower
<br />STAIE:OF NEBRASKA, . Hall County ss: _•
<br />On this 5th day of September ,19 90, before tile, the undersigned, a Notary Public
<br />duly commissioned and qualified For said county; personally came David E. ChamberlLip and Kenda J.
<br />Chamberlin, each in his and her ttltart right, and as spouse of each /ottftc known to he tiie
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thmof to ha . owi:r vn}rtntary art and nand. �
<br />Witness my hand and notarial seal at Grand Isand, ebraska ill said county, the
<br />date aforesaid. ��
<br />• My Commission expires: Q3 . • .. �,�iJ . .. t ...... .
<br />gi Notary 111ibl�ir
<br />JIt'ltil 99A&LME EST FO ECON EYANCV.
<br />ToTRUSTE ��►�•
<br />The undersigned is tire- holder of the note or notes secured by this Deed of I ru ,,t. Said note or notes, together
<br />with all other'indebtcdncss secured by this Deed of Trust, haVe' Gceti pail; in full. You are hrteby directcd'to cancel said
<br />note or notes and this Deed of Trust, which are delivered herehv. and to recmn•ey, without wartaniv. all the estate
<br />now held by you tinder this Deed of Trust it) tite person or-per%ons legally. entitled thereto.
<br />Date: ............ ...............................
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