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r <br />L <br />J! 1 V 414 2 <br />NoN•UNIFORM COVENANTS Borrower and Lender further covenant and agree a% follows: <br />19. Acceleration; Remedies. Lender 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 tinder paragrahs 13 and 17 <br />unless applicable law provides otherwise), The notice shall specify: (a) the deNula: (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 />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 suers secured by this Security Instrument without further <br />demand and may invoke the power of sale and any other remedies permitted by applicable law. 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 />other 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 and under the terms designated in the notice of sale in <br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall 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 sale, including, but not limited <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 (e) any excess to the person or persons legally entitled to it. <br />20. Lender in Possession. Upon a"eteration 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 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 Instrucrcent. <br />21. Reconveyance. Upon payment of all sums sectored 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 />s .: <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 T rusicr and appuirri a su"essor trustcc <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 applieabie 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 bra Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and sltaSl 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 applicable box(es)] <br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider _ <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />" <br />❑ Others) [specify) <br />` <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 />a <br />??/itQ ...�4.b.. .. .............. (Seal) <br />............................. ... .� <br />........................................................... <br />Lori Dianna Holland — Borrower <br />......................................................... ............................... ................................•••................... ............,.................. (Seat) <br />— Borrower <br />STATE oi; NEBRASKA. Hall County ss: <br />On this 4th day of August • 19 89. before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came Lori Dianna Holland, an unmarried <br />person , to the kno%%n to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknoMedged the c%ccutioti <br />thereof to be her voluntary act and decd. <br />Witness my hand and notarial seal at Grand Island, Nebraska in .aid county, the <br />date aforesaid. <br />My Commission expire,.: i� <br />��MIMiMIMMI�II .� ..Ir•, t�.rrt,� d. <br />+�Mt4LNoM RI.(11:I tir 1()R RI ('()\%l N •tic I r.. <br />MrAlaa,1� Nrr.l�1llt � <br />the uudcrslw�n;d I,. tht: b1,{drl +-I rile lu,tL +rt n, l�. - r.uritf h !In. 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