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<br />If the power of slIle is invoked, Trilstee shall record a notice of default in each county in which any part of the
<br />Property is locut~'d und shllll mail copies of such notice in the manner prescribed by applicable law to Borrower and to thf/
<br />other persons prescribed by app.licable law. After the time required by applicable law. Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable law, Trustee. without demand on Borrower, shall sell the
<br />Property lit puhlk auction to the highest bidder at the time and place and under the 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 or'the Property by
<br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of the pricc bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (al to all expenses of the sale, including, but not limited
<br />to, Trusttle'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. Lender (in
<br />person. by agent or by judicially appointed recL;ver) shall be entitled to cnter 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 receivcr
<br />shall be applied first to payment of thc 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. Reconveyance. 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 />
<br />23. Request for Notices. Borrower requesls that copies of the notices of default and sale be sent to Borrower's ad-
<br />dress which is the Properly Address. "Borrower further requests that copies of lhe notices of default and sale be person
<br />set f ofth herei n. "
<br />'. 24. Riders to this Security Instrument. 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)]
<br />D Adjustable Rate Rider
<br />D Graduated Payment Rider
<br />D Other(s) [specify]
<br />
<br />101024
<br />
<br />F"'"
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<br />::] Condominium Rider
<br />Ci Planned Unit Development Rider
<br />
<br />~ 2-4 Family Rider
<br />
<br />
<br />tS Security
<br />
<br />BY SIGNING BELOW_ Borrower accepts and agrees to the terms
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
<br />
<br />(Seal}
<br />-eorrowe
<br />
<br />al}
<br />-Borrower
<br />
<br />_ D. Squi"'?r
<br />~ rI.
<br />Kay L1&:jui"'?r
<br />ACKNOWLEDGMENT
<br />
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<br />1 ~ _/1.J
<br />
<br />(Seal)
<br />-Borrower
<br />
<br />(Seal l
<br />-Borrower
<br />
<br />, ("Trustor"), under that certain Deed of Trust dated
<br />. ("Deed of Trust") to be entered into
<br />
<br />IIWe. Gal"'? D. and Kay L. Squi"'?r, hustEnd & wif"'?
<br />JRc9Tlb:;r 21, 1987
<br />amoung Trustor, Gal"'? D. and Kay L. SqJi"'?r
<br />("Trustee") and Wo..st"'?m Stat"'? Bank
<br />("Beneficiary") covering the following described property: A tract of land in t:i1-= &x1tJ1wo..st OBrt"'?r of t:i1-=
<br />SoutJ1wo..st Qart"'?r of S<:!cticn 21, TCI.-Jl1Ship 11 North, R~ 9, \Vo..st of 6th P.M., in H3.l1 County, N=braska
<br />LEGAL DESCRIPTION: 1700 S. Harris:Jn, Grand Island, N=braska 68801
<br />
<br />hereby ackowledge that it is understood lhat (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mor-
<br />tgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations
<br />to the Trustor than a mortgage in the event of a default of breach of obligation,
<br />
<br />Trustor Acknowledges that lhis Acknowledgment was made prior to the execution of the Deed of Trust.
<br />
<br />Executed and delivered this 21st
<br />
<br />day of JRc9TJbo..-r
<br />
<br />, 19 f57
<br />
<br />
<br />Stale of Nebraska
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<br />Count~' of
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<br />The foregoing instrument was acknowledged before me thi~ / day of.
<br />,19 ft. by /l / f) t!H .
<br />~.q{.... ,_-?/er'''-r
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<br />Witnc\s my hand and notarial seal at C; ra/~ 1'.s/'II..:/, YI;-
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<br />In 'aid ('OUll1)' , lhe dale aforc\aid
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<br />My ,-olllmi....ion c\pirl":
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