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<br />90-105�.7Ct
<br />NON•UMFORM COVENANT& Bdrrawelr "d Lender further covenant and agree as follows:
<br />19. Accekratioa; Ruiedia. Lemkr.aitall give notice to Borrower prior to accdertttion following Borrower's
<br />htYadt of say covenant oragreeaseatistiis Security Lstt`umeet (but not prior to acceleration under paragraphs 13 and 11' -
<br />sinkaa s*Wcsble law provides Odmwim). Tk notice Shad specify; (4 the default; (b) the ,Action required to cure the
<br />dehalt; (c) a date. not less buts 30 days from the date the netke 199ITee to Borrower, by which the default must be cured;
<br />sad fd) that fa IM to cure tbe.def*t on or before the date sped>Hed in the notice may result in acceleration of the sums
<br />neored by this Secarity iastrdaeRt sad We of the Property. The notice shall further inform Borrower of the dgltt to
<br />reinstate alter acceleratletimid the right to bribg a court action to mud the non- existence-of it default or any other
<br />defetttse of Borrower to aceelemd011 sad sale. if the default Is not cured on or before the date specified in the aotice, Lender
<br />at its option nay rtgaire iasa a prtytatest ia'1faU of all amass secured by tkis Security Instrument without further
<br />demand and may. Involve the power of sale and agy otter remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expetttsas iacrrnd is Warring the remedies provided in this paragraph 19, .including, but not limited to
<br />rarao•able attorneys• fen and cats of tide ewh% sce. '
<br />. If the power of ask is Invoked, Trsstee shall record a notice -of default In.easb cettWID which any part n Ahe
<br />�.,- . - . - mmut - - - - — UVWX �-1 by app- lia6Teliw to�or�oKer aad to We - - -- -- -- - - .
<br />other ptxsoas prescribed by applicable law. After the time required by spplkable, law, Trustee shall give public notice of
<br />gab to tha persons and in the manner p:ewdbed by applicable law. Trustee. without demand an Borrower, shall sell the
<br />Property at public auction to the higbest bidder at the time and place and under the terms designated in the notice of sale in
<br />one or store parcels and in any order Trustee determines: Trustee may postpone sale of all or any parcel of the Property by
<br />_. -_ ..... PWWk "mmm meat at tie time and plug of nay previttu:ly scheduled sale. Leader or its designee may purchase the
<br />Property st ony sale.
<br />Upos receipt of payment of the price bid. Tmstee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. Tile recitals in the Trustee's deed small be prima facie 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 sate, including, but not limited
<br />to, Trustee's•fees as permitted by applicable law and reasonable attorneys' feed (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. Leader In Possession. Upon acceleration• under paragraph 19 or abandonment of the Property, Lender (in
<br />f 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 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. Recoaveyance. 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 a' nd
<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 Rider _
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />® Other(s) [specify] Acknowledgement
<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 w h it.
<br />......................................................... ............................... /• .•�i.�..{� .:.:........:. Seal
<br />tephen R.•Ri�tg w / - eorowe
<br />........... ................................ ....................... ......................
<br />�lf /�.1 111 ..................(Seal)
<br />Carolyn), Ring eo►rarer
<br />- STATE OF NEBRASKA, Hall County ss:
<br />On this - 30th day, of March .19 90 , before"me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, per came Stephen R. Ring and Carolyn E. Ring,
<br />�anA �� , to me known to he the ,
<br />identie souls me(s) -are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be their voluntary act and decd.
<br />Witness my hand and notarial seal at Grand Island in said county, the
<br />date aforesaid.
<br />VIAM
<br />C I im. DILLM 92
<br />SION pPltirado h
<br />Wawa FiO. Jab 2.1941 u/( ............... .
<br />ttt:t�f �ca�- cne,•n•Nn...�.�.,........ Nutary Public
<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 alt other indelitednt s speared by this need of Trust, ha' ve been paid in full. Yoo arc hereby directed to canrel•,aid
<br />note or notes and this Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate
<br />now held by you under this Deed of Trust to Cite person or persons legally entitled thetetu.
<br />Date: ... ...................... ...............................
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