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<br />NON.UNIFOHM COVLN,\NTS Horn>wl'r ,'~~~'r 11II"lhn ''''''II.lIlt ,lIhl .1).:""'.1' I,dl",,,
<br />I <), Acccl~rat ion; R~Ill~di~s. I.(.'nd~r shall giv~ notic~ 10 Borrower prior 10 aCl'el~rallon !ollow Iflg Borrow~r's
<br />br(.'ach of any covenant or llgn'ellll'llI in th is Security Instrument (blll not prior to accelerallon lInd..,r paragraphs l_~ and
<br />17 unless applicable law provid~s otherwise), The nOlice shall sp~cifr: (a) the default; (h) till' anion requ ired to cure the
<br />default; (c) a datc, not less than _~O dllYs from the datc the notice is given to Borrower, by whit'h the ddault must bc cured;
<br />and (d) that failure 10 cure the default on or before the date specified in the notice may result in acccl..,ration of the sums
<br />secured by this Security Instrum..,nt and sale of the Property. The llotice shall further inform Borrow..,r of the
<br />right to reinstate after acceleration and the right to bring a court anion to assert th.., non.existence of a default or any
<br />other defense of Borrow~r 10 IIl"l"eleration and sale. If the default is not cured on or before the date specified in the notice,
<br />Lender at its option may r~(luir~ immediate payment in full of all sums secured by this Security Instrument without
<br />further demand and may invok~ th~ power of sal~ and any other remedies permitted by applicable law, Lender shall be
<br />entitled 10 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 10 the
<br />other persons prescribed by applicable law. After the time required by applicabl~ law, Trustee shall give public notice of
<br />sale to the persons and in th~ mann~r prescrib~d by applicable law. Trust~e, without demand on Borrower, shall sell the
<br />Property at public auction to the highl:st bidder at the time and place and under thl: terms designated in the notice of sale
<br />in one or more parcels and in any order Truste~ det~rmines, Trust~e may postpone sal~ of all or any p,arccl of the Property
<br />by public announcement at the time and place of any previously schcdul~d sale, Lender or its designee may purchase the
<br />Property at any sale,
<br />Upon receipt of payment of the price bid, Trustee shall deliv~r to the purchas~r Trustee's deed conveying the
<br />Property. The recitals in the Trustee's de~d shall be prima faci~ 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 ~xpenses 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 (his
<br />Security Instrument; and (c) any excess to th~ person or persons I~gally entid~d to it.
<br />20, Lender in Possession. Upon accelerarion under paLlgraph I') or abandonment of rhe Pmpeny, Lender (in
<br />person, by agent or by judici,"ly appoint..,d receiver) shall be em irled to ..,mer upon. take possession of and manage rhe
<br />Property and 10 collen the rents of lhe Propeny mcluding those p.lsr due, Any relHs collecred by Lender or the receiver shall
<br />be applied firsl ro payment of the costs of management of rhe Property and coll..,uion of rents, IIlcluding, but not limited to,
<br />receiver's fees. premiums on receiver's bonds and reasonable a((llrneys' fees. .lIld then to the sums secured by this Security
<br />Instrument.
<br />21. Reconveyance. Upon paymell! of all sums secured by thiS Secufl(y Insrn:menr. Lender shall requesr Trusree to
<br />reconvey lhe Propenr and shall surrender rhis Security Instrument ,llld all notes evidencing Jeb! secured by rhis Secufl(y
<br />Instrument 10 Trustee. TrUSlee shall reconvey rhe Property without warr,lIlry .IIlJ wirhour charge ro rhe person or persons
<br />legally entitled to it. Such person or p~rsons shall pay any recordation wsrs,
<br />22. Substitute Trustee. Lender, at its option,may from lime ro time remove Trustee and .lppoim a successor trusree
<br />to any Trustee appoinl~d hereunder hy an instrument recorded in lhe coumy in .....hich this Security Insrrument is recorded.
<br />Without conveyance of the Properly, lhe successor lrustee shall sutceed to all rhe tirle, power .lIld dmies conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borro.....er requests thar copies of rhe nor ices of defaulr and sale be sem to Borrower's
<br />address which is the Propeny Address. !\orwwer funher requesrs that copies of the notices of default ane sale be sent 10 each
<br />person whu is a pany hereto at the address of such person set fonh herein.
<br />24. Riders to this Security Instrument. If one or more riders are executed hy Borrower and recorded togelher 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 agre~ments of rhis Security Inslrumem as if the ridef(s) were a pan of rhis Securiry
<br />Insrrument. I Check applicable box(es ).1
<br />
<br />o Adjustable Rare Rider
<br />o Graduated Payment Rider
<br />o Orher(s) Ispecifyl
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<br />o 2.-1 Familr Rider
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<br />o Condominium Rider
<br />o Planned Unil DevelopmelH Rider
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<br />BY SIGNING BELOW, Borrower accepts and agrees to rh.., rerms and covenants contain~d in lhis Security
<br />Instrument and in any rider(s) execul~d by Borrower and recorde~l wl:l~ i / ,,' /l d ~
<br />
<br />
<br />.x.. ,~~,.ISeal)
<br />Rid?f: M. lton. ~ -Borrower
<br />
<br />.x.,h!~)J&~)
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<br />Gloria G. Dol ton -Borrower
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<br />(Space Below This Line For Acknowledgment)
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<br />STATE OF NEBRASKA, .,... .Hall",...,.".......,............. County ss
<br />
<br />On this.. 2.7.th.....,.,.., day of '..... . Januar:y. . , I() 88,., beforl' me. the underslglll"d,.1 Notary Puhlic
<br />duly commissioned and qualified for said county, personally came . Richar.d .M.. .Dolt.an, and. GLoria, .G. . Do.l ton,
<br />..,.' .l;ius.haod. .and. Wife,.".,."......."...",.....,.".."...,............. . ro me known 10 be the
<br />identical person(s) whose nJme( s) arc subscribed to th.., f"r"'going instrumuH and acknowkdged rhe exen"ion thereof 10 be
<br />, . . . . :r.heir. . . . . . . . . . , . , , , . , . . . . , .. vululllar}' au and de~d,
<br />Witness my hand and (lmarial seal at ..... .Grand. Is.land... .Nebr.aska,.,........ in s.lId wunry. rhe date
<br />aforesaid.
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<br />My Commissioll expires: March 10, 1990
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<br />~. L,A,
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<br />. , . . . . ., .. <9"'l'\--'n-<< , . , . . . . , . . . . ~l-<L:>.J. . . . . . . . , .
<br />_ NOlary PubliC
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<br />.J:IW1I1)TAIlV.statI of ..lib
<br />COllIE E. 0STBlJMlI
<br />UV tImIa E4 kr:II to. tfJ!!ll
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