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I If the power of sale is invoked, Trustee shall record a notice of default in each cnlYfii "!i~ Z)~P~t~f the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to thi other persons prescribed b)' applicable law. After the time required b)' applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpon<! sale of all or any pared o(the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the prire bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security 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 cnter 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 or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums 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. 22. 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 county in which 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. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sem to Borrower's ad- dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person set forth herein." Z4. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrumem as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] L-J Adjustable Rate Rider [J Graduated Payment Rider :::J Other(s) [specify] --' '-- Condominium Rider . Planned Unit Development Rider , 2-4 Family Rider By SIGNING BELOW, Borrower accepts and agrees to the terms Instrument and in any rider(s) executed by Borrower and recorded with it. ~~(,.Il', M&JL (Seal) EEN ". CARLSON .eorrower and covenants contained in this Security (Seal) -Borrower (Seal) -BorrO\\"ef (Seal) -Borrower ACKNOWLEDGMENT , ("Trustor"), under that certain Deed of Trust dated . ("Deed of Trust") to be emered into IIWe, KATHlEEN ". CARlSON DeCflbel' 12 tII, 19 87 amoung Trustor, LAWYERS TITLE IHSIJRAIIC[ CORPORATION ("Trustee") and Central Hortgage Corporation, 36800 ("Beneficiary") covering the foilowing described property: Gratiot Avenue, Mt. Clemans, MI LEGAL DESCRIPTION: LOT SIXTEEN (16), IN CASTlE ESTATES SUBDIVISION, HAlL COUNTY, NEBRASKA. hereby ackowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mor- tgage 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 Trnst. Executed and delivered this day of . 1937 /;' . Ltl/tlJd'4 L--- CARLSON 12 th Decetber ~I[d-JJ(~ ' I'll Trustor ~lii.EEN ". T rust or Stllte of Nebraskll ) )ss. ) L County of Hall The forcgoing instrulIlcnt w.I' acknowledged beforc IIlC this 12 t h day of. Decembe r ,1987 . by Kathleen H. Carlson, A single person Witness illY hand and notarial ,cal OIl Grand Island Hl \:11(.1 COllllt~. th...' dall: .tltHl',aid. \ly <'()IlHlIl\\lOn nplres; .-\ / ,.1' (:ll'1'y tiLt.> j) N{)larp!~bll\ ,--l"" j"tCl ('--. " ,..-.------- ( .J -.J