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<br /> NnN•t1tv�FORM CovENqNTS Barrawer and Lender further covenant and agrec as falQaw•s:
<br /> 19. Accclen�ioa; Remedies, L'en�e� shall gtve ti�otice to Bor�awer prior to acceleration foltowing Ho��o�er's
<br /> bracb of�ny covenant or a6reemer�!in thia Security In�trument(but no!prior to acceleradon uede�par�gr�pha 13 and 17
<br /> unless�pplir�ele law pro�ida otherwlse�.'The eudc�a��ll specity;(�1 tde dei�tul�(b) the astlon requlred to cuie the
<br /> r dehulh,(c)�date,not teu tbaa 30 d*y�f�om tAe d�te�he nodce Is�t�ea to 8o«owes.by whlch the default must be cared;
<br /> � , aad(d)tYat hiturr to rure tAe default on or before t�e date specifled in the n�ttee m�y rMUlt i��cceler�tion uf t6e cums
<br /> xtiwnd br thi�Security Instrument�tnd sale ot tbe Property.7Tie notice sha11 furtfier intorm Borrower ot tbe rl�t to
<br /> cei�te�t�ter secakratios aad tha riQht to bri�R s coYrt sctlou to assert tAe non-existence at a default o�aey ot6er
<br /> defene of Bonowe�to accelrntiou aed eale.It the defaWt Is not cueed on or belore tbe dste apeciaed ia the natice,I.eedu
<br /> � �t tb o�tion eiay require i��ediste p�ymeat in full of all auios secured by thts Security Inshumcnt without t�rtber
<br /> dewaod aad may ieroke tl�e powe�o!sste snd any ot6er�emtdiea penaitied by a�plicabl�law.Lender shall be endtled to
<br /> , coltect di e:peN�a i�curred ia Duaulna the reaedte� pro�Ided in this p�ragraph 19� ieclvding; but aot limited to,
<br /> reasaRabla�;tr.:neye'fcea aed c��s af tittr eddeact.
<br /> It t6e powrr of sale i�inroked,Tnutee sball record a aotice of default in each county in w6ich any put ot the
<br /> Pro�erty is loqted and�all mall copte�o!auc6 eodce ia t6e maaner pre�cribed by appljcable lsw to Horrowe�and to the
<br /> . otMe��et�so��prac�ibed by applkabk lsw�.Atter!he time required by sppllcable laR.Trustee shdl ghe public nodce of
<br /> � sak to tMe perooas aad in tMe manner presc�lbed by appllcable law.Trusta,w[thout demtnd oa Borrower,ahall aell the
<br /> Pro�erty at public aucNoa to the highat btdder at the time and plsce and urtdcr the terms designated in the aotta oleale In
<br /> oae or nwre parcels and in�ny order Trwtee deterreUa.Trustee may p�stpone sale ot�ll o�any pucel of the Property by
<br /> public aanouacement�t the time and place o!�y predously sc6eduted sale. Lende�or its desigaee may purcbase the
<br /> Property at auy aale.
<br /> UpoN roc�ipt of paym=nt ot tde price bfd,'Fnutee saaZl dellver to the purcl�uea Trustee's deed con�eying Rlte �
<br /> Pro�erty.ZLe raital�ia the Truatee's deed sLa191oe pria�s iseie evidenee of the truth of the stateaieenb made thercie.
<br /> Trmtee shall ypiy t6e pwceeds of the atle in the E�liowtng order.(U ta all expenses of tde sale,ia�m�ing,but aot limited �
<br /> to.Tn�steds fea as permitted by apPllc�ble law and reason�ble nttorneys'tees;(b)to all aums ser�sed by this Security �
<br /> � YnsErument;awi tc)�ny cxceae to the peraon or persons legaUy entitied to It. �
<br /> 20. Leader te Possession. Upon acceleration under �cagraph 19 or abandon�aae;:t of the Property, Lencier (in �
<br /> person,by agent or by judicially appointed recciver)shall be entitled to enter upon, taice possessiora oP and manage the
<br /> Pc�perty and to collect the rents of the Property including those past due. Any ronts cotlected by�.ender or the receiver
<br /> s4hall be applied first to payment of the costs of managemsnt of the Property and colle�tian of re��s,including.but not
<br /> Iimital to. receiver s fees,premiums on►receiver's L+onds and reasonable attorneys'fees.�1�chea to?15e sums secured by `
<br /> this Se�curity Instrument. ;�;
<br /> 21.Recon�eyance.Upon payment ofa11 suavassecured by this Security Instrumenr.I.e.�der sPcstL request Trustee to �=a«
<br /> , cm:.onvey the Property.uid shall sunender this Security Instrument and all notes evidencnszg debt seceared by this Security ;�=�_
<br /> Instrument to Tnutee.Trustee shall reconve the Pro rt without warrant•and without char e to the �``
<br /> Y P� Y y g person or persons
<br /> legapy entitled to it.Such person or persons shall pay any recordation costs. "
<br /> I1.5eatitute Trustee.Lender,at its option,may from bme to tiaie removr Trustec and appaint a successar trustce
<br /> to any Trustee appointed hereunder by an instrument rGCOrdtd in the county in which this Security lnstrument is recorded. �
<br /> Without conveyance of the Property,the successor trusta shall succad to all the tids,power and duties conferred upon
<br /> Trustee herein and by applicable law. �
<br /> , 23. Request for NoHce�. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br /> address which is the Property Address.
<br /> ?+�.Rtders to thi�Security Instrumen�If one or more riders are executed by Borrower aad recordod together with
<br /> Fl�is Security Instrnment,the covenants and agraements of each such rider shall be incorporated is�to anr�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 applicuble box(es)) �
<br /> _ ❑ AdSnstabie Rate Rider [] Condominium Rider � 2-4 Family Rider _ �
<br /> ❑ Graduated Pay�¢ttent Rider [] Planned Unit Development Rider —
<br /> � . �_�'
<br /> � Other(s) [specifyJ 1-4 F�tILY RIDER (Assignment of Rents) �-,_
<br /> BY SIGNING BELOw. $orrower accepts and agras to the terms and co�er�aats contained in this Security ' '
<br /> Iastrument and in any rider(s)executed by Borroa�er and recorded with it. ;
<br /> ...........................................................•-•---....................... ...Melvin K�terson. . . ........ •�����.�
<br /> ...................•--._.................._............................................. . . ,�.�. .��..�?.:Y.--.�?:... .(Seal)
<br /> Ooreen P. Patterson "eoio"^��
<br /> StA7E OF N�BRASKA, Count�� ss:
<br /> On this 27th day of OCtObei` , l9 89 , beforc mr. thc undertiigncd. a Notary Pt�hli�
<br /> duly commissioned and qualified for said county. persona{!y ramc Melvin K. and Ooreen P. Patterson, each ,--__-- ---
<br /> i.n his and her own right, and as spouse of each other , lo mc kno�an to hc thc �
<br /> identieai petsan(s) wh�se namels) are subscribed lo thr fc�regoing intitrument and arkno��Iedged the r�ecuiinn
<br /> thereof to be his / her voluntary act and decd. '
<br /> Witnccs my hand and notarial scal at Grand Island;�Jebraska � in.aid c��unty�, thc
<br /> datc aforesaid.
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