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90..101691. 1, NOW.UNIFMM COVENANTS. 0011rotU911I and Lender furtber covenant and agree as follows: It. Aeeeia'adw Remmdles. Lender dmH Oee 111011110+ to Borrower Pdw to acceleration following Bo ro�erl'�a bmmh of any cove mat or agr'esmeat fat 1111111 Security lentrawutt (bat trot prior to aaelerallott nadir pang)ra/ra Mile" teppliable his preirlilms otherwise). The notice +11tH ttpipft: (a) the defame: (b) the action rOPir d to emO the detwo (c) a dew test few dam 30 days acts be tints the Notice is Sly" to Borrower. by whkb the dtfti dt minat bit cttrtdt and (d) ibat t]silttre to can the dthalt im or betoro die data spedfisd In the "des my melt in s ceste atloe of the snare inewed by this Security Infini a nit and sale of tire Property. That Nock+ shall furtber Inform Borrower ef 1111 rtgdtt to reloome suer WC$k 'anon and the right to Who a court action to ar►sert the non - existence of a default or any other ddnn of Borrower to aenlentlos and sale. If the default Is OW cared 04 or before the date specified is the aotke, Lender at its option nay require to sWUlt payneat in tall of an sass neared by this Senility Instroaaeat without ford er demmill and nay ie"Ite the power of silk and any other renedin permitted by applicable law.. Lender shall) be entitled to, edlset all sspasOs Incurred In parsulag the ren WN provided in thin paragraph romm"bk attwnyer fan sad Cosh of title evidence. Of the If the power of aisle is iavoke ., Trustee shell record a notice of default in each county in which any part Property le located and shall mail copies of such Notice is the moaner prescribed by applicable law to Borrower and to c We other parson prescribed by applicable low. After the time required by applicable law, Trustee shall Rare public notice of ale to the persona and in the aumaer prescribed by applicable low. Trustee, without demand oil Sprmwer. shag sell the Property at public auction to the btiRbest bidder at the time and place and under the terms deslgaated ilk the notice 81 "810 la one at more punts and in my order Trustee determines. Trw tee MAY Postpone sale of all or any parcel of the Property by pa►Re announcement at the thus sad place of any previously schedislei sells. Leader or its desiRrM $MY Pwckl ae the Property at nay ante. Upon recelpt out pyaseat of the price bid. Trades shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trutdee's deed shall be prima facie erideace of the truth of the statements made dwrefs. Trustee shall apply the proceeds of the silk is the following order. ta) to all expenses of the sale. including, but not limited to. Trustee's fees n permitted by applicable law and reasonable attorneys' fees: (b) to all sums secured by this SeceritY Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender In Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender in t`:e receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including.. sat not limited to. receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secuT d by this Security Instrument, 21. Reeoave}anee. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to reconvey the Property and shall surrender this Secunty Instrument and aii nuics evidencing debt secured by this Cecurity 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. 22. Substill1w 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 county in which this Security ad dues conferred upon Without conveyance of the Property, the successor trustee shall succeed to all the title, power Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that coptts of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riders to this Secsrity Instrument. if one or more riders are executed e i Borrower and recorded together with this Security Instrument, the covenants and agreements of each ouch rider shall be ncorporated into and shall amend and supplement the covenants and agreements of this Smuniv Instrument as if the rider(s) were u part of this Security Instrument. [Check applicable box(es)) ' 2--11 Family Rider E] Adjustable Rate Rider ❑ Condominium Rider u Y Graduated Payment Rider ,J Planned Unit Development Rider ® Other(s) (specify) ACKNOWLEDGMENT BY SION:NG BELOW Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it, / ....... .......................... ............................... .... ...... Lay►x'ence R. Vedsted ............................................ ............................... e trade Vedsted — 4W"0"" STATE Of NEBRAS *.A. On this 26 day .i( November .19 90 . pefore me, the undersianed. a Nolm Public duly commissioned and qualified for said courn >, rerwria)h came Lawrence R. Veds'ted and Gertrude E. Vedsted ( husband and wife) , ro me knvµn to be the identical person(s) whose numefs) are sub%cribcd the foregoing instrument and acknowledged the execution .r......r r.. t.. their voluntary act and deed. Witness my hand and n(•tariat Grand Island, Nebraska In .aid the date aforesaid. RLQLI -ST Ir)R REC'ONVEYANC'L To TRUSTEE: The undersigned is the holder of the nnre or notes %ccuted h% this Dce,l of rru.t. Said note or nores. rogether with all other indebtedness secured h} rhis Lwwea or Trust, hase keen raid ill lull. ti ou are hetehy directed to cancel,ard note or notes and this Deed of Trust, w lv :h are dclisered her&%. and to recrni%c%. ssnhow ssarrann all the estate now held by you under this Deed of rtu.t it, the person m rer%011s leralls enntled thereto. ter-- -r ff 4V •�i �t;.�� a ��• . 1 , ti ,