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8/- l.U'{~UU r NON, UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleratioil;Remedies. Lender sball give notice to Borrower prior to acceleration following Borrower's breacb of any covenant or agreement in tbis Security Instrument (but not prior to acceleration under paragrapbs 13 and 17 wiess applicable law provides otberwise). 'The notice sball specify: (a) tbe default; (b) the action required to cure tbe default; (c) a date. not less tban 30 days from the date tbe notice is given to Borrower, by which the default must be cured; and (d) that failure to cure tbe default on or before the date specified in the notice may result in acceleration of tbe sums secured by tbis Security Instrument and sale of the Property. The notice shall further iJiform Borrower of tberightto reinstate after auelerationand tbe rilibt to bring a court action to assert tbe non-exlstence of a default or any otber defense of Borrower to acceleration and sale. If the default is not cured on or before tbe date specified in tbe notice, Lender at its option may require immediate payment iJi full of all sums secured by this Security Instrument witbout furtber demand ud may inyoke the power of sale and any otber remediespenrJtted by applicable law. Lender shall be entitled to collect all expenses incurred iJi pursuiJigthe remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and costs of title eYidence. If the power of sale is invoked, Trustee sball record a notice of default in each county in which any part oftbe Property is located and sball mail copies or such notice in tbe manner prestribed by applicable law to Borrower and to the otber persons prescribed by applicable law. After tbe time required by applicable law, Trustee shall give public notice of sale to the persons and iJi the manner prescribed by applicable law. Trustee, without demand on Borrower,sball sell tbe Property at public auction to the highest bidder at tbe time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee detenniJies. Trustee may postpone sale of all or any pu:cel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase tbe Property at any sale. Upon receipt of payment of tbe price bid, Trustee sball 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. TruSteesball 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 iil P.ossession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents orthe 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 sent to Borrower's address which is the Property Address, 24. Riden to this Security IDStnuIlent. 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 Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider o Graduated Payment Rider o Planned Unit Development Rider ~ Other(s) (specify] Acknowledgement By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security I~I~~=I:'n=:nd='),,~~"=~:==:=4;~~.: ...............................................................................................Srsefi...........~..~ STATE OF NEBRASKA. Hall County ss: L On this 16th day of December , 19 87 . before me, Ihe undersigned, a Notary Public duly commissioned and qualified for said county, personally came Gary V. Pedersen and Nary I. Pedersen, Husband and Wi Fe ------------------------------------- ,to me known to be the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed. Witnes~ my hand and notarial seal at Grand Island, Nebraska in said county, the date aforesllld. n M __..~::.:'^-~ ;;'2, \~~.9"~"~4'"'' ....1.A~iL.... -, ... 1!l9 ~. Public lip _bJ. ... C!- REQUEST FOR RECONVEY A E . To TRUSTEE: The undersigned is the holder of the note or notes secured by Ihis Deed of Trust. Said note or notes, logelher with all other indebtedness secured by this Deed of Trust. have been paid in full. You are hereby direl'led 10 caned said nole /)r noles and Ihis Dced of l'rust. whil'h are delivered hereby. and 10 reconvey, wilhout warranly. alllhc l'qalc now held by you under chis Deed of Trust to the person or persons legally entitled thl'n'ln. Dalc; r--- .. r' I-r