<br />r
<br />
<br />
<br />L
<br />
<br />87- 107187
<br />
<br />NON,UNIf'ORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall glYe notice to Borrower prior to acceleration following Borrower's
<br />breach of any coyenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable I.w prondes otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, ndt less than 30 days from the date the notice Is ginn to Borrower, by which the default m.ust be cured;
<br />and (d) that failure to cure the default on or before the date speclfted In the notice may result In acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shan further Inform Borrower of the right to
<br />reinstate after acceleration and the right. to bring a court action to assert the non-eJdstence of a default or. any other
<br />defense of Borrower to acceleration and sale. If the default Is. not cured on or before the date specified In the notice, Lender
<br />at lis option may require Immediate payment In full of all sums secured by this Security Instrument without further
<br />demand and may Inyoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses Incurred In pursuing the remedies pronded In this paragraph 19, including, hut not limited to,
<br />reasonable attorneys' fees and costs of title endence.
<br />If the pOwer of sale is inyoked, Trustee shall record a notice of default In each county in which any part of the
<br />Property is IOQted and shall man copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After tbe time required by applicable law, Trustee shall gite public notice of
<br />sale to the persons and in the manner prescribed by applicable I.". Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under Ihe terms designated.in the notice of sale in
<br />one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place of any preyiously scheduled sale. Lender or its designee may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of tbe price bid, Trustee shall deliter to tbe purchaser Trustee's deed conteying the'
<br />Property. The recitals in the Trustee's deed sball be prima facie endence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the ule in the following order: (a) to all expenses of tbe sale, induding, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Len~er (in
<br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by
<br />this Security Instrument. .
<br />21. Rec:onnyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee, Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it, Such person or persons shall pay any recordation costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to this Secarity InstrumenL If one or more riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and 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 applicable box(es)l
<br />o Adjustable Rate Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Other(s) (specify]
<br />
<br />
<br />
<br />o Condominium Rider
<br />o Pianned Unit Development Rider
<br />
<br />o 2~ Family Rider
<br />
<br />BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded ..~ . ,_
<br />
<br />_.,~n~.,.,2.....~I)
<br />--c.-.i .' . -&>rrower
<br />.,?-- ( r-x. ,/
<br />...\Q.::~{.P1....~.~::~.~Q.{,.:{,~..............,....(Seal)
<br />-&>rrower
<br />
<br />(Spece Below This line For AdllowkdcmentJ
<br />
<br />STATE OF NEBRASKA, ..~~.......................... County SS:
<br />
<br />On this .JJ~P...... day of ..~Py~~p~r........., 19.,81, before me, the
<br />undersigned, a Notary Public duly commissioned and qualified for said county,
<br />personally came ..~PP~f~.P:.~~~P.~P~.~Y~fY~.Q,.~~vb..Qv~b~QQ.9QQ.~ite.......
<br />
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., to me known to be the
<br />identical personlliL whose name (s) are subscribed to the foregoing instrurrent
<br />and acknowledged the execution thereof to be ... ~l}~!!. . . .. voluntary act and
<br />deed.
<br />Witness my hand and notarial seal at ...\.iC?C?{LI$!'!~L................. in
<br />said county, the date aforesaid.
<br />
<br />r--
<br />
<br />..........~~f~~~....
<br />Notary Public
<br />
<br />My Conrnission Expires:
<br />
<br />(
<br />
<br />1&'----1
<br />~'l::.'::
<br />
|