|
<br />I"
<br />
<br />'.
<br />f'
<br />
<br />~.
<br />
<br />L
<br />
<br />88- 100587
<br />
<br />" i.~ ;'1 () : \ ,;.
<br />> \.. " ,,I ...
<br />NON.UNIFORM COVENANTS, Borrower and lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. lenc.ter shall give notice to Borrower prior to acceleration following Borrower's breach of any
<br />covenant or agreement In this Security Instrument (but not prior to acceleration under paragraph 13 or 17 unless applicable law provides
<br />otheIWlse), The notlco shall specify: (a) thll default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br />date the notice Is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date
<br />speclfled In the notice may result In acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall
<br />further Inform Borrower of the right to reinstate after acceleration and the right to bring II. court action to assert the non-exlstance of a
<br />default or any other defense of Borrower to acceleration and sale. If the default Is not cured on or before the date speclfled In the notice,
<br />lender at Ihl option may require Immediate payment In full of all sums secured by this Security .Instrument without further demand and may
<br />Invoke the power of sale and any other remedies permitted by applicable law. lender shall be entitled to collect all expenses Incurred In
<br />pursuing the remedies provided In this paragraph 19, Including, but not limited to, reasonable attorneys' fees .and costs of title evidence.
<br />If the power of Mle Is Invoked, Trustee shall record a notice of default In each county In which any part of the Property Is located and
<br />shall mall copies of such notice In the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable
<br />law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and In the manner prescribed by
<br />applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place
<br />and under the terms designated In the notice of sale In one or more parcels and in any order Trustee determines. Trustee may postpone
<br />sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. lender or its
<br />designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals In
<br />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
<br />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 rea.
<br />sonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled
<br />to it,
<br />20. lender In Possession. Upon acceleration under paragraph 19 or abandonment of the Property, lender (In person, by
<br />agent or by Judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the
<br />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
<br />of management of the Property. and collection of rents, Including, but not limited to, receiver's fees, premiums on receiver's bonds and
<br />reasonable attorneys' fees. and then to the sums secured by this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, lender shall request Trustee to reconvey the
<br />Property and shaH surrender this Security Instrument and all notes evidencing debt secured by this Security Instr.Jment to Trustee,
<br />Trustee shaH reconvey the Propllf1y without warranty and without charge to the person or persons legally entitled to it. Such person or
<br />persons shall pay any recordation costs,
<br />22. Substitute Trustee. Lender, at i'ls option, may from time to time remove Trustee and appoint a successor trustee to any
<br />Trustee appointed hereunder by an Instrument recorded in the county In which this Security Instrument is recorded. Without conveyance
<br />of the Property, successor trustee shaH succeed to all the tiUe, power and duties conferred upon 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 address
<br />which is the Property Address. Borrower further requests that copies of the notices of default and sale be sent to each person who Is a
<br />party hereto at the address of such person set forth herein,
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this
<br />Security Instrument, the covenants and agreements of each such rider shall be Incorporated into and shall amend and supplement the
<br />covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument.
<br />[Check applicable box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider
<br />o Graduated Payment Rlder 0 Planned Unit Development Rider
<br />IKI Other(s) Specify - Acknowl edgement
<br />
<br />o 2-4 Family Rider
<br />
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained In this Security Instrument and in any rider(s)
<br />executed by Borrower and recorded with it.
<br />
<br />Borrower
<br />
<br />ClYD~
<br />
<br />r~r1~
<br />R EMARY . MEIS
<br />
<br />SEAL
<br />
<br />cr /;?~
<br />/
<br />
<br />SEAL
<br />
<br />Borrower
<br />
<br />[Space Below ThIs Une For Acknowledgment]
<br />
<br />STATE OF Nebraska
<br />COUNTY OF BUFFALO
<br />
<br />} ss.
<br />
<br />I, the undersigned
<br />
<br />, a Notary Public In and for said county and state, do hereby certify that
<br />
<br />,....-
<br />
<br />CLYDE J. ME IS AND ROSEMARY A. MEIS . HUSBAND AND WIFE . personally appeared
<br />before me and Is (are) known to me to be the person(s) who, being infonned of the contents of the foregoing Instrument, have executed
<br />l1&li18, and lIcknowledged said Instrument to be their free and voluntary act and deed and thlit thev
<br />(his, her, the~ (he, she, they)
<br />executed said Instrument for the purposes and uses therein set forth.
<br />
<br />Witness my hand and official seal this
<br />
<br />.;~~
<br />
<br />r'['J-. ~./L/ SEAL
<br />
<br />1
<br />
<br />day of
<br />
<br />f~
<br />~.
<br />" ,.... 1'1 _(
<br />Notary .. .
<br />
<br />)/
<br />,/(-
<br />,-
<br />~
<br />-----
<br />
<br />
<br />92J
<br />
<br />My
<br />J:HIAlalJMY 14 ....
<br />IU.IHI DtWCI
<br />-......
<br />This Instnlment was prepared by: KEARNEY STATE BANK AND TRUST COMPANY
<br />
<br />(.
<br />
<br />Palle 4 01 4
<br />
|