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F 9p 10603-0, NUN - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9,1 xnder may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursulnk the reasedlea under this paragraph 17. including, but not limited to, reasonable attorneys' fees and coals of title evidence. If the power of sale Is Invoked. Trustee shall record a notice of default in each county in which any purl of the Property Is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the lime required by applicable law, Trustee shall give public notice of sale to the persons and in Ike manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at Me lime and place and under the terms designated in the notice of sale In one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designer may purchase the Properly of any sale. Upon receipt of payment of the price bid. Trustee shall deliver to The purchaser Trustee's deed costveying the Properly. The rechah In the Trustee's deed shall be prima We evidence of the truth of the statements shade tberdo. Trustee shall apple j the proceeds of else sale In the following order; (a) to all expenses of the sale, including. but not limited lo, Tr'ustee's fees an permitted by applicable law and reasonable attorneys' fees; (b) to all sttswu secured by this Security lastrusaenl; and (c) nay exeew to the person or persons legally cadded to it. IL Reconveyance. 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 Secturity Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons iegaft entitled to it. Such person or persons shall pay any recordation costs. 19. Substitute VasteR. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to ails Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance o6' the Property. the successor trustee shall sucicvcd to all the tit le, power and duties conferred upon Trustee herein and by applicable law. 20. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address { J which is the Property Address. "Borrower further requests that copies of the notices of default and sale be sent to the person set forth herein. " Acceleration Clause. Borrower agrees that should this Security Instrument and the note secured 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 stems secured by this Security j 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 be 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 ibis Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenant s and agreements of this Security Instrument as if the rider(s) were in a part of this Security Instrument. (Check applicable box(es)] t 0 Condominium Rider 0 Adjustable Rate Rider 0 Growing Equity Rider ! 0 Planned Unit Development Rider 0 Graduated Payment Rider 0 Other BY SIGNING BELOW. Borrower accepts and agrees to the terms contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: (Seal) Norman R. Bennett -Borrower .(Seal) Borrowc r (Seal) -- (Seal ) Borrower • Borrowe r Palle o of Y ACKNOWLEDGMENT ' ' ^�. (�VLYYIII R• DCUllC4� . ♦ .. un;v. h i;....ci .nw; u- c. • • us: uw.►u October 19. 1990 , ( "Deed of Trust ") to he entered into among Trustor, National Bank of Commerce Trust and Savings Association. 13th and "0" Street,Lincoln NE 68508 . t "Trustee ") and The Overland National Bank of Grand Island ( "Beneficiary ") covering the following described property: LEGAL DESCRIPTION: Lot Four (4), in Block Thirteen (13), in Boggs 6 Hill's Addition to the City of Grand island, Hall County, Nebraska. hereby acknowledge that it is understood that (a) the Deed of Trust to he c %ccuted hx Trustor is a trust deed :and Mot a rnorrgagc and (b) the power of sale provided for in the Deed of Trust pro% ides suhstarataily different right; and ohligarions to the Trustor than a mortgage in the exent of a default of breach of obligation. Trustor Acknowtedgres that this Acknowledgment was made prior to the execution of the Eked of Trust. Executed and delivered this 19th day of octob7e , 19 90 tru�rnr Norman R. Bennett n Stale of Nebraska. Hall t aunt)..: 7 he foregoing tnstnuncnt was acknemledgiM Ixtt/rc me the. 19th da% lit. October 14 90 i. by Norman R. Bennett, an unmarried person. Witness m% hand and mitasial seal at Grand Island, Nebras it .tatc atrac..10 %1% comnii%%wn cx{nro. lofM -go M swum TEN.SALitCHOR � Irp ko.