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<br /> , ' , � • p'!.--�E��-��t�_..L,z!-�W— "... �,---- ' � -- " "--- __.
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<br /> - -----_�_�..��� 102`�''.,
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<br /> --:-�,�:���,�; ---- _- ----- -
<br /> - --- Bc►rmwer shull promptly giva Lender written natice af nny investigatton. cluim, deiva�zd. IuwEUit or ather action by any
<br /> � � T avernmcntwl or re ulutory ngency ar pdvate party involvin�the Praperty and uny Haa.ardoue Substnnce or Enviranmental Lnw �_9____.____
<br /> af whicfi Bc�rrower has actual knawledge. If Banower leams,ar is notifled by any governmental ar regulntory authority, that ___
<br /> �,. uny remaval or other rerrx�iatton of any Hautrdaus SubxUuice affccting the PropeRy is necessury.Barmwec shatl prompdy tnke _
<br /> -- ° � ull ncc�essary reniedinl actions in accardunce with Envimnmental[aw.
<br /> ! Aa uscd in this paragrnph 20, "Hazardoua Substances" urc those aubstances defincd ns toxtc or hawrdoua substuttces by `
<br /> �u , � Bnvironmental Luw tutd the foqowing substnttcc.w: gesaline, kerasene, other flanunable or roxic petr+nleum products, taxic _—
<br />— W-=����_• ' pesticides nnd hcrbicides,valatile solvents.materials mntnining nsbestas ar formaldehyde.and rad{aactive materials.As used in � _
<br /> _•- '� this parc�greph 20, "Enviranmental Law" meuns federat luws und lu�vx uf th�judsdictian whcrc thc Property ia iocated that �__
<br /> �" �y�, relatc to health,sufety or envi�onmemel protection.
<br /> ' �-�` �� �'"'� NON•UAIIFORM COVHNANTS.Bonower and Lender further covenant und ngreeag followa:
<br /> ' �a:K � . �L���.,,.. _
<br /> ,+�••.,;,::��� 2 1.A r c e lera t ion;R e m e d i e s.I.e n d e r s h a l l g t v e n a�t i c e t o B o r e+o w e r p r i o r t a a c c e l e r ation fopawin g Sarrower s breach `
<br /> " � 'i =�- <<�•.- ��•�, a!aay wvenant or ag�+eernent in this Se¢urity Ingteument (but not prtor to acoeleration uader paragraph 17 un fes.v ="..�,,,_
<br /> �''=;�4•-� ••,,;;,�t, appltcable l.s�w pmvid2s otherwise).Tho notice shall spectfy: (a) the de[ault; N)the sMion requlred to cure the defaWt; •..`� �.� -
<br /> �`"�+{"'� '' ��-. �� (c)a date,not le�s than 30 deya ttrom the date the notice ts given to Barrower,by which the detuult must be cured;and — ��
<br /> � , °� �4? (d) tfwt tatlure to cure the defauit on or betore the date sped8ed la the not[ce may result In urcelerutlon of the sumA �''°
<br /> ���'�'.,i4�y.' secured by this Security In.strument and sale of the Property.The notice shall further inform Bormwer of the dRht to , .��;i�r�"'-'."'"'
<br /> � : ' . .�,..,.,ti y,. .
<br /> relnstate after ecceleration and the right to bring a court aMion to a�sert the non-existence ot a detault or any other ; :� ,..
<br /> �•� '� .• defense ot Bon+uwer to nccelecation end sale. If the detault is not cured on or before the date specified in the Rottce, . •
<br /> Lender.at ite option, may req Pay �.:.. � ~�;:,r. ,. 1
<br />_I/ '.-�;;�`.� :," -- uire immediate meut 1�fuit of ul! sums securc�l hy thi�Security InstrumenQ without _,._ .,_.�.;�,,.r.,,_�.:
<br /> � J:; : , . further demand and may invoke the power af sale and any other remedies permitted b9 ePp�icable law.I.ender shall be
<br /> • entitled to colleet aq expenses tncurred in pursuing the remedies pmvided in this p�ragraph 21,including,but not Iimtted , r�:,•-t�.•"-
<br /> . . , � _.
<br /> •�� - � to,rea.�Qnable ettarneya•fec.w and costs of title evidence. �� � _�: ; � '`
<br /> . ea . .
<br /> �z:�-` �T - "" If ihepo wer oe sale is invoked.Trwtee ei�alt recard a notice of default in each county ta whkN any part at the _ _, _
<br /> � , �� , p�operty is i�cated and sl�ell matl coptes of such nolice in the manner prescribed by appltcable law to Borrower and tu ___ __
<br /> � , the other persons prescrtbed by applicable Iaw.ARer the ttme requtred by applica6te law,Tntstee shall qive public notice "� � + ,o
<br /> �� of sale to the persons and in the manner prescribed by applicable ta�v.Trustee,without demand on Borrower,shaU setl ��:.c yy:-
<br /> � the Property at publlc auction to the highest bldder at the Nma and place and under the terms designated in the notice ot �''��,.�`,y
<br /> � sale in one or more parcels and[n any order Trustee determtnes.Tnistee r�aay postpone rale of all or eny parce�of the
<br /> • „ ° � . property by pub8c announcement at the time and place of any prev[ously scheduled sale. Leatder or Its destgnee may •�:�'.s< ���,
<br /> pur+chase the Property at any smle. .. �`� `��
<br /> �� . _ Upon receipt of payment of the price i►i d, Trastee s ha l l de Qver t o t h e p u rc h a s e r T n 4 s t e e's d e e d conve y i n g the _ "".�:`•�
<br /> � property,The�+ecitals in the Tn�stee's deed shall be prima tacte evidence of tl�e truth of the statements made therein. _-
<br /> -' Tntstee shall apply the proceeds of the sale in the foflowtng order:(a)to aq costs snd expenses of exercising the power of ' �'`�"�
<br /> the sale includin the payment of the Tn�tee's fees actualiy incurred,not to exceed the>of $SO.00 or �`� �=�, ..
<br /> . _ .._ sate,and . B
<br /> ' ot the princlpal amount of the note at the time of the dedaraiiun ui deiauit, an3 r�so�abte�tias�teYs'��s as l�erm�n`� f ` �"-----
<br /> , ^t�
<br /> by law;(b)to all sums-secured by this Security Instrument;and(c)any excess to el►e person or persons legally entitled to �
<br /> : ' it.
<br /> 22� Reconveyance. Uport payment of all sums secured by this Security Instrument, L.ender shaii request Trustee to ,,�,L
<br /> . reconvey the Property and shull surrender this Security Instrument and all notes evtdencing debt secured by this Securtty
<br /> � � � Instrument to"Crustex.Tcustee sliatt r�.convey the Property with�ut w�rranty and without charge to the person or penons legally __'.�, ,
<br /> • entitled to it.Such peMOn or persons shall pay any recordation costs. ,,
<br /> ' . 23�Substttute Trustee.L.ender,at its option, may from time to time remove Tnistee and appoint a successor trustee to �tt�
<br /> any Truuee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.Without �.w�'.•y��
<br /> conveyence of the Property. the successor trustce shull succeed to all the title,power und duties confernd upon'frustce herein �
<br /> and by applicable tuw. `:.
<br />-;'. 24.Request[or Notices. Borrower requcsts that copics of the nMices of default and sulc be yent to Born►wer's address "�,
<br /> -% � � which is the Property Address. •
<br /> °� � 25.R[ders to thts Security Instrument.If ane or morc riden are cxecuted by �ormwer and rerorded together with thiti :;•'�����
<br /> Securlty Instrument,the covenants and agcrementti of each such rider xhall be incorporat�into and�hall amend and supptement �,'�,,:,
<br /> • the covenants and�greements of this Security Instrument as if the rider(s>were a part af this Security Instrumcnt. �;•
<br /> (Check applicablc box(es)1 . .__
<br /> � , Adjustable Rate Ridcr [�Condominium Rider �1-4 FamilY Rider �
<br /> �Graduated Payment Rider [�Planned Unit Devclopment Stidcr �Biweekly Peyment Rider
<br /> �> �Balloon Rider 0 Ratc Improvement Ridcr 0 Second Hume Rider I .
<br /> V.A. Rider �Other(�1(}pecify� i •
<br /> I
<br /> . �� BY SIGNING BELOW,Borrower aceepts und a€ree�to the terms and ca��enant�containai in this Security Instrument and �
<br /> .: , in any riderls)executed by Borrower and recarded with it. . �
<br /> � Witnesses: .y� �7 `�r'ld-y..Q► �Se:il) I
<br /> i �
<br />- Lonnie D. Morse ��""""" I
<br /> ._.�
<br /> r�I y�/� q,�� �
<br /> .: \ll�`1 ����,,----F�-�6�v,1x!.,�Se:sl)
<br /> . .--- Christina K. Morse -��m�wcr ,
<br /> • ' � lScal) �Scal)
<br /> k ..
<br />- , • -Bnm+ucr H��rcowcr
<br /> 1 � .
<br /> ` STATE OF NEBRASKA. Hg�� County ss:
<br /> i. �� �•• The foregoing instcument was acknowledged befnre me thi, 2nd day of March . 1994 .
<br /> , k by Lonnie D. Morse and Christina K. Morse, Nusband and Wife •
<br /> � �. - Witness my hand and notarial seal at Grand Isl and in wiJ County,the datr afi�nwid.
<br /> �� My Commission Expires: 2-14-98 �•�"� ��`��� _ —
<br /> N„�n a�ni�,
<br /> � , �!lEaiNOt�A��Ni1rd�
<br /> AldOit�41tOMIlAD
<br /> r . •' �pM�,�i�I1�1� P05�P40f{ Porm3028 9180 �
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