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<br />90.405935
<br />NONUNIFORM COVENANTS Horrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedles, Leader shall give notice to Borrower prior to acceleration following Barrowees
<br />bttwch of any covemaat or agreement is this Security Instrument (but not prior to acceleration under paragraphs 13 amd 17
<br />unless appile" law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />4e1laalt; (c) a date, mot kiss than 30 days from the date the notice is given to Borrower. by which Ike default aunt be cured;
<br />said (d) that Man to care the default on or before the date specified In the notice may remit 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 sedan to assert the nonexistence of a default or any other
<br />defense of Borrower to acceleration and sale. It the default is not cured on or before the date specified in the notice. Lender
<br />at its option may require immediate payment in fall of all sums secured by this Security lard umsent without further
<br />demand and nay invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expaaw incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reammable attorneys' fees and combs of title evidence.
<br />If the power of sale Is invoked. Trustee shall record a nodes of default In each county in which any part of the
<br />Property Is located and shall mall copies of such notice in the wanner prescribed by applicable law to Borrower sad to the
<br />other persons prescribed by appReAk law. After Ike time required by applicable law. Trustee shall give public notice of
<br />sale to the persons and is the meaner prescribed by applicable law. Trustee. without demand on Borrower. shall sen the
<br />Property at public auction to the bfillim bidder at the time and piece and under the terms designated in the sa tim of sale in
<br />one or tteeire 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 trutb 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 appllcable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />I■strimtent; and (c) my excess to the person or persons legally entitled to it.
<br />20. Lender is Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, by agent or by judicially appointed receiver) shall he 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 applies first to payment : 3 he costs of m3nagemer:: f the Property and collection of rents, inclr. t ., but ncg
<br />limited to. receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by
<br />rhis3ecurity Instrument.
<br />21. Reco iveyance. 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 Propeny 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 t his Secunty 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 Nodees. 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 cover.:ants and agreements of each such rider shall be incorporated into and shall amend and
<br />supplement the covenagts and agrratments of this Security Instrument as if the riders) 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 D Planned .'nit Development Rider
<br />x Others) ,(v�ecifyj VA Guaranteed Loan Rider and y Assumption Infcrc.-ation Rider
<br />By SIGNING BELow. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrumett and in any rider(s) executed by Borrower and cet,:orded it.
<br />.................................... ............................... ...... .. .(Sean
<br />r it) A. a
<br />..................... ............................... . ............ ............ .............
<br />Deborah A. Gray — ao.ro..►
<br />STATE OF NEBRASKA, Hall County its:
<br />! On this 16 day. of October , 19 90 hetore nits the undersigned, a Notary Publi,
<br />duly commissioned and qualified for said county, per.unally carne Brian A. Gray and Deborah A.
<br />Gray, Husband and Wife , it) me known to be the
<br />identical person(s) whose namew are ,uhwribcd to the fmcgoing instrument and acknowledged the ettecurion
<br />thereof to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island, Nebraska in said county, the
<br />date aforesaid.
<br />GElfi<1il 10TAR1►•SWI al Merits
<br />My Commission expires: (MIXO H L KIMB /
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<br />To TRUSTEE
<br />The undersigned i, the holder of the little tit nuts% .e.ured h, tan Deed ,.t I rust S.nd little tar motet, ntgether
<br />with all other tndehtedne,,,ectited b, this Dcv-.1 tit 1 runt, haw teen paid ru ttill 1 ru .ire• hercht dircovil tit •.eras) .,old
<br />note or note, and tai, lhed tit Iced, which .it,- drinerctl hcrcht, .mil 10 �, ,••ntct • t, 01111Lt A.trrantt. ,ill rite t.ratc
<br />now held by you under this I)eetl It( Ibis) it, the vet,im •,r vvr,oii, itialk omit.,) ihr<<t,•
<br />Date:
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