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89-- 10407 V!,
<br />NONUNIFORM COVENANTS. Borrower and Lender Nrther covenant and agree as follows:
<br />19. Acceleration; Remedies. Lemkr shall give 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 />1 and (d) that fallen to cure the default on or before the date specified in the notice may realt in acceleration of the sums
<br />new ed by this Security Instrument and sale of the Property. The notice stall farther inform Borrower of the right to
<br />reinstate after accelerations sad the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Borrower to amleration and sale. If the default is not cured on or before the date specified V the notice, Leader
<br />at Its option may rteglatre hasnediate payment in full of all sums secured by this Security Imtrttnneat without further
<br />demand and may invoke the power of sale and any other remedies permitted by afpplicable law. Leader shall be entitled to
<br />collect all expenses incurred In planning the remedies prodded in this paragraph 19, including; but not limited to,
<br />reasonable attorneys' fen and costs of title evidence.
<br />U 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 mall mall copies of such notice in the awss tr prescribed by applicable law to Borrower and to the
<br />other pown prneribed by applkabk law. After the time required by applicable law, Trusteee shall give public notice of
<br />sale to the persons and is the man m prescribed by alplhyble 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 &Idgaated its the notice of sale in
<br />one w more parcels and in any order Trustee determines. Trustee may postpone sale of d-t at any parcel of the Property by
<br />pWak aamonstc%vmt at the time and place of any previously tscbeduled sale. Lender e r its designee may porelmile the
<br />Peop"atuyside.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. Tie recitals in the Trustee's deed shall be prima We evidence of the truth of the statements made therein.
<br />Trwtee dmn apply the proceeds of the sale in the following ordkv . (a) to all expenses of the sale, including, but rat limited
<br />to, Trustee's fees as permitted by applicable law and rasaes>bte.a vrse ?e' fees; (b) to all sums secured by this Sourity
<br />Iwtrament; 44 (c) any excess to the person or persons legally emdIled tats it»
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, by agent or by julEcially appointed receiver) shall be entitled to ettter upon, take possessioli of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by L=der 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, r odvi rrs fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums se:curid-by
<br />WaSecwity Irasoiatent.
<br />21. Recoaaveyance. 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 securco by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to thi Pierson or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />22. Sabadtate Troiee. 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 inurumeni ib rc6urucu.
<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. Reqsest for Notices. Borrower requests brat copies of the notices of default and sale be sent to Borro ces
<br />madness whW!t.is the Property Address.
<br />24. Riders to this Security Iastrwae'aL If one or more riders are executed by Borrower and recorded together with
<br />this Security ):' nstrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and
<br />supplemew . therpove rtants and agreements of this Security Instrument as if the rider(s) were a part of this Security
<br />Instrument. [Cb6ck applicable box(ee)]
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2--4 family Rider
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />J Others) [specify) 1 -4 Family Rider (Assignment of Rents)
<br />BY SIGNING BELOW. Borrower accepts and agrees to the teams and covenants contain% in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
<br />! ...................................................... ............................... �. .. ............. (Seal)
<br />Mayne A. Lif
<br />• - eonower
<br />........................... ............................... Mari] if .1...... ............)
<br />STATE OF NEBRASKA.
<br />Hall County ss:
<br />On this 2nd day of August .19 69 , before me. the undersigned, a Notary Public
<br />a
<br />duly commissioned and qualified for said county, personally came Maynard A. Lif and Marilyn M. Lif , each
<br />in his and her own right, and as spouse of each other . to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be their voluntary act and deed.
<br />Witness my hand and notarial teal at Grand Island, Nebraska in Said cotitlty. tllc
<br />date aforesaid.
<br />L My Commission expires: %- �-y
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<br />OM" J. ALDER REQUEST FCtR RLC ONVFYANC•F
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