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<br /> ' 90_1073�9 - ---
<br /> 4 . NON-UNIFORM COVENANTS. Borrower and Lender funher covenant and a�rce os follows: �
<br /> . . 17.Foredowro Procedare.lt Lender rs9nfra im�edi�le p�Yaust la tuq under p�n��PY 9�LeNder a�y isvoke IYe powcr
<br /> • .,+.,,� of:ak��d s�y otMer ro�edle+permilted by�ppiic�bk I�w.l.e�der sM�ll be entitkd 10 coUecl dt expe�lac�n�rd i�pan�la� __--
<br /> IIu re�edks�rder tMb PWa�Pa 17, Iacludis�.bul sot WNled to.rc�w��bk wttorae)�' rees and cwts oI QUk evide�. --
<br /> � ...•. .... .. It the power of iale�iavoked.Trnrta sbNl recotd o notice ot det�nll In eacb coualy in�bkh�ay p�n ot Ibe PropeMY
<br /> -• ; ��•Y.� fa(acsted�ad�Wdl mdl copla ot sucb aodce ia tbe m�aner prescribtil by ApPUcaWe!ww la Bo�rowe�aad to the ather pe�sona �;r- --,:--..,_.�__,
<br /> �: • prosc�ibed by�ppUc�bk IaM.Aiter Ihe time reqntred bY�PP11nbk I�w.Trwta a4a11 Qlve public nolice at�nle to tNe perwas
<br /> �•'��''�:'.�"'� �pd Ill lh!A1Y6Al�pre�c�ibed by�ppUc�bk I�w.Tru�tee�wilboat dem�ad on Borrower.shpll sell lhe Property�t Pu6Uc Auctloa
<br /> j .r„� :::z_�a•,:;:+j��,,, to Ibe hlQhwt biddcr nl Ipe Ilme�qd plsce wd under the termc desl�a�ted in Ihe aotice of sde In aae or mo�P�rcet�aad _...
<br /> fu�ay oMer Trnotee detenniaa.Tnutee m�y po9tpoae swle ot nll or pny pArcel of the P�apeAy by pu611c oanouncement�I
<br /> — •� ' '� ''� � tbe Ume aad plpce ot any provinualy scqeduled�ple.Lender or ilw designee mey pureh�uw the PmpeAy A1 Any s�le. _
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<br /> — ° --.:� - Upaa reccipt at p�ya�eat ot tbe price�id�Trostee shdl delive�to tbe purchwse�Tnulee s deed conveying the roperlY. —
<br /> __,�: ;;.;;,,,;,: ' TYe�ecitpl�iq IYe Tn�stee's deed sbnll be pdtw f�cte evide�ce ot Ibe Iralb at Iho atwlemems mpde Iherci�.Tructa ahwll rppbr �--=- --- -----
<br /> ---_- �— �M!p�p�'�lds OY 1�!s�k iM iM!�dbwi��Ofdtt;(�l to WI eapeases ot Ide apie� including,bul �ot Ilwiled lo. Trustee's�ees v
<br /> �-==:�_ , as penpilted by�pplicabk law�ned rexso�bk AlRntneYs'tees:1b110 oll sua��ecured by IMis SecadlY la�lra�neol:a�►d(c)wU�
<br /> �� ��;. `f; exces�to 11�persoM or pe�soNS Ie�a11Y eatitled t�it. _-
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<br /> , ;.d��t�,�� . 18,Recu�vey�ace.Upon payment of aQ s�ms se�ured by this Security Instrument,Lender shall request Trustee to rernnvey �p�,�_
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<br /> , the Property stnd shail surrender this Secu�ity Instra�ment and all notes evidencing debt secured by this Security Instrument
<br /> � ;;i, :��'�=t�y--iti�' �+ tu Trustee,Trustee�ha41 recanve}•tfie Propersy without warcanty and without charge to the person or persons(egally entitled ��- ~ �.
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<br /> '` � to(t. Suc h person or p�rsons sfiAll pay any reco�dation ¢as¢s. �
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<br /> • •�• - 19, Su6sNlate Trustiee. Lender,at its option,may Prom rime to time remove Trustee and appoim a successor trustce 10 -__------
<br /> � � � � any Trustee appoiMed hereunde�by an instrument recorded in the county in which this Security Instrument is reca�d�d. �1'icha►u� �--__...�,,,w.,�-�._
<br /> ��,,�_. �,,� .,,.,,'1 conveyance of the Fraperiy,the successor trustee shall succeed to all the tiUe,power and duties conferrcd u�n Truste�h��ein J�::���;u'_
<br /> and by apPlicable l�w. ,,.;.�,"
<br /> � -���.' 20.Requesl tor Nodces.Borrower requests that copies of the notices of default and sak be sent to Borrowsr's address
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<br /> ,� ' . � '��.! J whieh is the Property Address. _ '""'�'-
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<br />,'•;.,;,.,,:•':,; '" ' AccelerAqu�Clarse•Borrower agrees that should this Security lnstrumcnt and the note secured thereby not be eligible ���tiY�.
<br /> � � ' ��'�` �: « ;�".� � for insurance under tfie National Housing Act within Ninety (90) days from the date hcreof. Lender may.at �'��,�T� �•�
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<br />-;�;?�:r�`%f�.��', • . . its option and notwiib��iunSi�ig anything in i'aragra�sh 9.rcqu�sc imasediate ps�ment in full ef al!�oma cecured by tnis Security �,�s��;
<br />, ,` � ;.'i;�a .; �""'�' Instru�ent.A written statement of any suthorized agent of the Secretary dated subsequent to Ninet (90) da s •• ��` '�-�-�
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<br /> �, ..., 1' •.,,;;,.� ,'�;.::� from the date hereof,declining to insure this Securiry Instrument and the note secured thereby.shall be deemed canclusive
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<br /> '�;�- +��,'�.,._• . „ proof r�f such inel�gibility.Notwithstending the foregoinR.this opdon mAV not be exercised by Lender wh�n the unavaila ty T ,�,r.__.__
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<br /> .� . .��r; :' ��..�tiN�'��;.;::;�, af�nsurance is sol�ly due to Lender's failure to remit u mortga$e insurance premium to the secretary. ���;;;�;����i���.. �;`�
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<br /> �,":,►�'.��r �iders to tbls Security lostrumea/. If one or m�rc riders are executed by 8osro«•er and recorded tagether with this �;��;�'�`:��.;,.,.,.�:'.`�
<br /> � • Secudty Instrument,the covenants of each such rider shall be inrnrporated into and shAiC amend and supplement t�e covenants ;.r��.;.,�,;:r�;�+.:----
<br /> • � ' � and agreements of thisSecurity Instrument as if the rider(s)were in a part of this Securlty instrument.[Check epplicable box(es)J 'i• '}f;.��,�_.____
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<br /> 0 Clrowing Equiry Rider �' �
<br /> � �-� � " 0 Condominium Rider _1 AdJus�able Rate Rider ��,���,;�y�„�j�.�_4�%:
<br /> � •� ' ' ' �Planned Unit Uevelopment Rider ;.�Graduated Payment Rider �Ocher ;r;>:Y�,��,���;?:�
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<br /> ;'} '� �. � ' '`�' ' BY SIaNING BIELOW,Borrower accepts and agrees to the terms cont��ned in this Securiry Instrument and in any rider(s) , ,;;?•IJti� . ,, .,
<br /> :��,"1)��rti,�•`��i`.'`` �t executed by Bonower and recorded with it. �� ��j�t+�����'�"�'�����
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<br /> �;�� Witne.cses: (Seal) .. . .
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<br /> �;.�:;,j .. ' . ' (Rolan M. Kr1USt) -Borrower . .. ��,�""'s-
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<br /> , (Seall , "`,.. •"�;•�
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<br /> ' {'.'`1�.. ( � -Borrower
<br /> . �„j�,?s.;;C � . -Borcowcr PaRe 4 o a
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<br /> • ACKNOWL�DGMENT ' �-
<br /> IhibtaC Rolan M. K nust, a single person ,("Tru�tor"1,under thnt ccrtain Deed of T�ust dated ,::.�%;��';'. •
<br /> ��:.;, ,:'r;;.
<br /> December 21, 1990 , l"Q�.rd of Trust") tu bc entcred imo among Trustor, ,,:,�,•'�,��
<br /> , � � Commercial Federal Bank, A Federal Savings Bank , c"Trustce")and �;.:1::,��`
<br /> " FivQ Points Bank, Grand Island, Nebraska l"H�nefi4iary")coveringthefollowingdescribedproperty: ?�,;';_-,'
<br /> � � LEGAL DESCRIPTION: The West Forty-nine Feet (W49') of Lot Seven (71, Block One (11, H.G. �,;,;�, :.
<br /> � Clark's Addition to the City of Grand Island, Hall County, Nebraska. ! ��� '"�
<br /> �___�_._..L�.....1�.1..��ho��t ic nndPrcfrxul fhat/al lhi•����d r.t'Tn�.��n hc cxecuted bv Tru�tor is a trust Jeed and not a mortgaFe
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<br /> ', nnd(b)the power of sale provided for in the Deed uf Trust pro��ideti�ubstuntiully different rights and obligacions to�hc Trustar i
<br /> than a mortgage in the event of a default of brcach ot'obligation. �
<br /> ���;, � Trustor Acknowledges that this Acknowlcdgment ���as made prior to the r���utiun of the Decd of Trust. �.;; .
<br /> � � Ezecu and deli�ered�his 21st da> of December , 19 90 . �� �
<br /> ,1��;1:� �, � �---- --- - ._ ----- — ,
<br /> .,���;;`�i Trustor (R01811 M. KnuSt lru�or ,
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<br /> , ' , S1ate ot lYebras�a. Hall Corm. ..:
<br /> . � The forcgoing instrument K�as arknov►k•dged before me�h�s 21st day ut, DeCember .�y 90 • ,
<br /> � �' by Rolan M. Knust, a single person - '
<br /> Witness my hand und noeari�l scal at Grand Island, Nebraska in tiaid C'ounty,the date ai�.resaid. .
<br /> My Commission Expirc�: ���•��� --- �- -��+�=U��-' �'1��� '
<br /> DEVFIA MCELAOY �..•r.�« Puhli. �
<br /> � � YI Ca�a Eap.Au�,25,1993 �
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