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Q(� 10603 1 <br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agrti;`6s follows: <br />19. Accelerstlosl Reaedles. Leader shrill give aodee to Borrower prior to acceleration following Borrower's <br />broach of any covenant or agreement is this Security Instrmrent (but not prior to acceleration under paragraphs 13 and 17 <br />vnless applicable law provides otherwise). The notice shall specify: (a) the defaults (b) the action required to cure the <br />default; (e) a date, not leis thus 30 days from the date the notice Is given to Borrower, by which the default must be cured; <br />Cand (d) that fdlare to cure the default on or before the date specified In the notice may result in acceleration of the sums <br />aecared by this Security Instrument sad 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 speelfled In the notice, Lender <br />at its option truly require immedlate paynteat in full of all sums 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 />It the power of sale is invoked, Trustee shall record a notice of default in each county to which any part of the <br />Property is located sad shall trill copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other pensoas prescribed by applicable law. After the time required by applikable law. Trustee shall give public notice of <br />side to the peeoon and is the r wow prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at pk auedon to the his bidder at the time and place and under the terms designated in the notice of sale in <br />one or were parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at *e tussle sail place of any previously scheduled sale. Lender or its designee may purchase the <br />ii !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 weeitals in the Trustee's deed shall be prima facie evidence of the truth of the statements madlie therein. <br />Trustee shuQI apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not i imited <br />'to, Trustee's fed as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />j Instrument; and (e) 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 />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 zwywent of the costs of management of the Prcr x mt and collection of rear. s. including, but not <br />limited to. receiver's fees, pprermiums on receiver's bonds and reasonable anomeys' fees, and then to she sums secured by <br />this Security Instrument. <br />21, Reeonveyance. Upon payment of all sums secured b% 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 />1 24. Eden to this Security Instrument. if one or more L iders are executed by Borrower and recorded toge -th :r with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall 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 applicablebox(es)] <br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />❑ Other(s) ( specify] <br />BY SIGNING BELow. Borrower accepts and agrees io the terms and covenants contained in IN% 'Security <br />Instrument and in any rider(s) executed by Borrower and recooclled wi it. <br />.................................................................... ................................................................ <br />... .... (Seal) <br />Stevp?q A Stec <br />......................................................... ............................... ......... /..`� ° a.. . ......C. ..... ................... ...... (Seep <br />Rebecca J. St —EwrOW& <br />SlAll. (A NILaKASKA. mali Count) ss: <br />On this 16th day of October . 19 90 . before tile, the ttnderstgned, a Notary Public <br />duly commissioned and qualified for said county, personally came Steven A. Stec and Rebecca J. Stec, <br />i <br />each in his and her own right, and as spouse of each other , n1 me kttoatl to he the <br />i identical person(s) whose narne(s) are subscribed to the foregoing instrument and acknowledged the etct.ulion <br />thereof to be their voluntary act and decd. <br />Witness my hand and notarial seal at Grand Island, Nebraska ui said cttiunts, the <br />date aforesaid. <br />GEIEOAI WTfiR,StatOt d kkuM � <br />My Commission expires: OMOR OOMMEN (^ <br />LMyO mtoAag.1.1o9Q 4t .'..'.... ..:` " :."c.'.. ...... . <br />RI;QUFSI I-OR RI- CONVI:YANt; E <br />To IRustr 1 <br />The undersigned is the holder or the little of note+ secured h) this I)ccd tit I t11st. Said little rut n��te +, love:hct <br />with all other indebtedness secured by this Decd tit Feast, has a been hard to 11111. You are hctc11% ditcocd it, carrel +aid <br />note or notes and this Decd tit itust, %shish are• delneted hetrh).. and to tccomo. % +shoot ssatr.uti�..tll ilie r+tatr <br />now held by you under tins Uetcd of 1 titst to the Berman tit l,ct+r,ns legalk coltllcd Ihcteto. <br />I)att:: ...... ........ <br />7 <br />h`— <br />i <br />l <br />tf` <br />t!f <br />r <br />J <br />