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<br />r <br />! <br /> <br />87- 107154 <br /> <br />NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agrec' as follows: <br />19. Acceleration; Remedies. Lender shall give notice (0 Borrower prior (0 acceleration following Borrower's <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and <br />17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice isgiven to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration ofthe sums <br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any <br />other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, <br />Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be <br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not <br />limited to, reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale ofall or any parcel ofthe Property <br />by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not <br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this <br />Security Instrument; and (c) any excess to the person or persons legall)' entitled to it. <br />20. Lender in Poss'ession. Upon acceleration under paragraph 19 or abandonmelllof the ProperlY, Lender (in <br />person, by agent or by judicially appointed receiver) shall be emided 10 emer upon. take possession of and manage the <br />Propeny and [U collect the rents of the Propeny including those past due. Any rems collected by Lender or the receiver shall <br />be applied first to payment of the costs of managemem of the Properly and collection of relllS. including, but nOllimited to, <br />receiver's fees, premiums on receiver's bonds and reasonable altorneys' ices. and then to the sums secured b)' this Security <br />Instrumelll. <br />21. Reconveyance. Upon payment of all sums senlred by this Security lnstrumem, Lender shall request Trustec' [U <br />reconve)' the Propeny and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Propeny without warranty and without charge to the person or persons <br />legall)' emitled to it. Such person or persons shall pay any recordation (Osts. <br />22. Substitute Trustee. Lender, at its option. may irom time 10 time remove Trustee and .Ippoint a successor trUStl"e <br />[U any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. <br />Without conveyance of the Propeny, the successor trustee shall sun:eed 10 all the tide. power and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies oi the notices oi default and sale be sent to Borrower's <br />address which is the Propen)' Address. Borrower fun her requests tlut copIes of the notices of default and sale be sent [Ueach <br />person who is a pany hereto at the address oi such person set fonh herein <br />24. Riders to this Security Instrument. If one or more riders .Ire exenHed by Borrower and recorded IOgether with <br />this Serurity Instrument. the covenants and agreements of each such rider sh.lll be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security lnstrumem ,IS If the rider<s) were a part of tlus Scc'Urity <br />Instrument. ICheck applicable boxtes).1 <br /> <br />o Adjustable Rate Rider <br />o Graduated Payment Rider <br />OOther(s) [specify I <br /> <br />02..1 Family Rider <br /> <br />o Condominium Rider <br />o Planned Unit Development Rider <br /> <br />BY SIGNING BE LO\'\' , Borrower accepts and agrees to the terms and co\'e nts colll.lined in this Security <br />Instrument and in any rider(s) executed by Burrower .Ind f('Cord~d 'it '. /J /J %'/" <br /> <br />/ ,vi ~j; / / <br />'iu' I-ifw. . HOvis .. "I?,- /... '~~4'(-(".. ISeal) <br />-Borrower <br /> <br />'i/~,- R ~,~ <br />\;io'J.~1 if.' HOiris' . . . . . . . . . . . . . . . . . . , . . . . . .. . .. ISeall <br />-Borrower <br /> <br />(Space Betow This line For Acknowledgment) <br /> <br />STATE OF NEBRASKA. ........ ~~cl<.........,.,..,....,......, County S, <br /> <br />On this. . . . . . .. . . . .1~!=\1. .. dar of ..... ~~r. . .. , 19 . .8,7, '. belore me, till" underSigned. ,. Notary Public <br />dulr commiSSIoned and qualified for said Cllullly. personally came . .~~~q .~.. .l~i.s. ~. y.ipJil. B-: .l:iQvil?. . . . ... ,. <br /> <br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . , . . . . , . . . . . . . . . . . . . . . , . . . . . . . . . . .. . 10 mc' known hI Ix- till" <br />identical person! s) whose namc;( S) are subscribed wthe foreg<lln~ illS! runwnt and .Ilknowlc-dg('d till" ('xc'(utiunthereof to Ix: <br />. . . . . . . . . . . . . . . . . . . . . . ~J:1~~~ , . . . .. '. volulllar~t and dc;ed <br />Witness 01)' hand olnd notarial seal at ...,..... ~!~~. ~~~Y.".....,..,..".."..,.., III S,lId CllUIllY, the d.lte <br />aforesaid. <br /> <br />My Commission expires: <br /> <br />,.dJir1~.Arz<4cL..... <br /> <br />No!ar~ Publtc <br /> <br />L <br /> <br />,// <br />/ <br /> <br />J:aPAL IJTAlIY.SUtt o1lkbrasb <br />DE80RAH K. BECK <br />Ity c.. ElIl All I, 19J1 <br /> <br /> <br /> <br />if <br />I <br /> <br />, <br /><;f <br />I'- <br />~ <br /> <br />.I <br />r <br />h.. <br /> <br />_J <br />