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J 1 90-- 10580"T NONUNIFORM coot- NANTS. Borrower and Lender further covenant and agree us follows: 17. Foreclosure Procedure. If Lender requires Immediate payment In full under parognph 9. bender may invoke the power of sale and any other rernedks permitted by applicable law. Lender shall be entitled to collect all npenses incurred in pursuing the remedies under this paragraph 17, including, but not limited to, reasonable attorneys' fees and costs of title evidence. if the power of sale is invoked. Trustee shall record a notice of default in each county in which any part of Ike Property Is located and shall mail topics of such notice in Ike manner prescribed by applicable law to Borrower and to Ibe other persons prescribed by applicable law. After the lime required by applicable law, Trustee shall give public notice of sob to the persons and in The maser prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Properly at public auction to the highest bidder at the lime and place and under the terms designated In the notice of sale In one or more parcels and I@ any order Trustee determines. Trustee way postpone sole of all or any parcel of the Properly by public announcement of the close mod place of any prevkw* scheduled sale. leader or its desigtsee may purchase The Property at rosy sale. Upon receipt of payment of the price bid. Truske shag ieRver to The purchaser Truslee's deed conveying Ilse Properly. The recitals In the Ttraseee's deed shah be pdom fa►'ie evidence of The trmth of the statements made therels. Tnaee shall apply ,be proceeds of the ask in the following order: (a) to all expenses of the sale, including, but not limited lo. Trustee's fees as permitted by applicable law and reasonable atlomeys' fees: (b) to all sums secured by this Security lastrasaenl: and (c) may excess to the person or persons legally entitled to it. 18. R',ecooveyence. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to reconvey The Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee &Moll reconvey the Property without warranty and without charge to the person or persons legally entitled ve it. Such person or persons shall pay any recordation costs. 19. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded m the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 20. Request for Nodees. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. "Borrower further requests that copies of the notim-i of default and sale be sent to the person set forth herein." Accelerstllon Clause. Borrower agrees that should this Security Instrument and the note cured thereby not be eligible for insurance under the National Housing Act within sixty days from the date hereof. Lender may. at its option and notwithstanding anything in Paragraph 9. require Immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to sixty days from the date hereof, declining to insure this Security Instrument and the note secured thereby, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not he exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the secretary. Riders to this Security Instrument. If one or more riders are executed by Bortower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were in a part of this Security Instrument. (Check applicable box(es)) ]Planned Condominium Rider © Adjustable Rate Rider El Growing Equity Rider Unit Development Rider 0 Graduated Payment Rider OW Other BY SIGNING BELOW, Borrower accepts and agrees to the terns contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: TrTo4yo d -Borrower (Seal) -- )Br nda �ood - �� - _ -- _grower -- (Seal) ltorrowar Borrower AaRe I of I AC KNOW LEDUMV.NT ,.w_ TTnv wnnd and Brenda Wood i "Trusior "). under that certain Decd of Truss dated October 9, 1990 , ( "Deed of Trust ") lobe entered into among Trustor, Commercial Federal Bank, A Federal Savings+ Bank . ( "Trustee ") and The Overland National Bank of Grand Island (""Beneficiary") covering the following described property: LEGAL DESCRIPTION: Lot One Hundred Twenty -Three (123) of West Lawn in the City of Grand Island, Hall County, Nebraska. hereby acknowledge that it is understood that (a) the Deed of Trust to be "ecuted by 1 rustor is a trust deed and not a nwrtgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the esccutlon of the D4-ed of 1 rust. Executed and delivered this 9th day of October . 1990 trwvor lro&AV10041 ltIM.., Brenda Wood most of Nebrtssko. 1 he to regoing m%tr ument v%as ackuo%ledite l hefole 1110111% by Troy Wood and Brenda Wood. huHband and wifr %%'itness my hand and n . alid. ul. �IMf sm 11 mom \t} canun�•,i�•1i c\(jni, nENIUL1'06MI tiG1+O. Hp )sh Il 1991 f bung ss: 901 day ol, urtoher .1%) 90 Nehrawka nl %all l v►nl��. Ilu iL�lc .Il.nc..ud -/ 7 41, + L. -