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Xat _ g�-- 106370 NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Foreclognm Praccdare. If !.ender requires Immediate payment in full under paragraph 9, Lender MAY invoke the power of sak and &try other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedks under this paragraph 17. Including. but not limited to. reasonable attorneys' tees avid costs of title evidence. If tie iwwer of sttk Is Invoked, TnWes shall retoO t• anttce of default In each county in which any part of the Property Is located and shall mail copies of such notice in the ataxwr prescribed by oppllcttbk law to Borrower anti to the outer persons prescribed by applicable lair. After the time required by applicable law, Trustee shall give public notice of sale to The persons and in the manner presedbed by appUmbk law. Trustee, without demand on Borrower, shall sdi the Property at public auction to the Iftbeat bidder at the time sad place and under the terms designated in the matiee of sale In one or more Parcel, and in say order Trustee deteadnes. Trustee may postpone ssk of all or any parcel of the Property by public announcement at the time and pl&m of any previously scheduled sale. Leader or its designee may purchase the Property at say sale. Upon receipt of paymcat of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The meitals in the Trustees deed shall be prime tack evidence of the trutb of the statements made (herds. Trustee shall apply the proceeds of the sak in the following order: (a) to gB expenses of the sale, Including. but sot limited to. Trustee's tees as permitted by applicable law and reasosable attorneys' fees; (b) to all sums secumd by ibis Security instrument; and (c) any excess to the perott or persons legally entitled to it. ell, Recenveyanee. Upon payment of all suns 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 Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 19. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the count} in %hick this Security Instrument is recorded. Without conveyance of the Property. the successor trustee shall succeed to all the title. power and duties conferred upon Trustee herein and by applicable law. 2l1. Request for Notkes. Borrower requests that copies of the notices of defaullt aa.d sale be sent to Borrower's address which is the Property Address. "Borrower further requests that copies of the noting 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 sums secured by this Security Instrument. A written statement of any authoslad 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 premitsnt to the secretary. Riders to this Security Instrument, If one or more riders are executed by I:mrower and recorded together with this Security Instrument. the covenants of each such cider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the riders) were in a part of this Security Instrument. [Check applicable box(es)) HCondominium Rider c`�__ Adgustable Rate Rider El Growing Equity Rider Planned Unit Development Rider CJ Graduated Payment Rider El 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: (Seat). t4$Ch J. Ons Bonowta (Seal) Let i L. Lyons - Borrower (Seal) (Seal) - Borrower - Borrower (sage 4 of 4 AC ION 0WLEDGMt -NT . i /We,.' pUchael J. Lyons and Lori La Lyons.. , ("'T*rustbr'14 under that Lertain Deed of Trust dated November 6, 1990 . ('" eml of Crust ") to be enwred into ari bng Trustor,. ffational. Bank of Commerce Trust and Savings Association,, 13th and "0" Street„ Lincoln, LB 685Rrustee ") and The Overland National Bank of Grand Island ("Beneficiary") covering the following desu ibed property: LEGAL. DESCRIPTION: • (see legal on first page of Deed of Trust) hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations-to the Trustor than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 6th day of November .19 90 Tnrsutt Michael J. Lyons r111Pt Lori L. Lyo s State of Nebraska. Hall County ss: The foregoing instrument «as acknowledged before me this 6th day of. November • 19 90 by Michael J. Lyons and Lori L. Lyons, husband and wife Witness my hand and notaria Nebraska in said County. the date aforesaid. ��11ibbtlrrb -/ My commission expires p 00t 1, SW 9,199e f %ary I rat h KY �zu . L_Mm � .