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<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 />