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<br />88-101485
<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to arceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise), The notice shall spedfy: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the ddault on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non.existence 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 its option may require immediate payment in full of all sums secured by this Secwrit}' Instrument without furtht:r
<br />demand and may invoke 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 provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees an~ costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each count)' 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 to the
<br />other persons prescribed by applicable 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 at public 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 ofthe 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 price 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 />Trust~e shall apply the proceeds of the sale in the following order: (a) to all cxpenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted b}' applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrumt'nt; and (c) any Cl(cess 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 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, 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 Inslrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall'rcconvey the Properly 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 count)' in which this Security Instrument is recorded,
<br />Without conveyance of the Property, the successor trustee shall succeed to allthe.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 Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreemcnts of l'ach such rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Securily Instrument as if the rider(s) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider n 2----4 Family Rider
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<br />o Graduated Payment Rider 0 Planned Unit Development Rider
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<br />IX) Other(s) [specify] ACKNOtolLEDGEMENT OF POtffiR OF SALE DTD 03/14/88
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<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 with it.
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<br />BILL S BAILEY,>/- -Borro....er
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<br />[Sp.oce Be/Qw This line for Acknowl~lmentl
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<br />STATE OF
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<br />, NEBRASKA
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<br />, . . . . . '~~~. . . . . . .. . . . . . , . . . . .. } 88:
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<br />..........................................
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<br />COUNTY OF
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<br />The' foregoing instrument was. acknowledged before me this, . . . .l.~!!l. ,f!~v. . ~~. ~~~~~ . .1. ~~~ . , , . . , . . . . . . . . " .......
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<br />by . }Hk~.:>. .~j\.u.~X. f.. .~J..:W~ ./}, .~~.I.IA;;X t ~lp~~A~ AND \HFE. As..'::TENAN~~~h:m RIGH:r::: QF .::SURVIY.QBSHIP
<br />A..'lD NOT AS TENANTS IN COMMON '. " ........':',....,.......,...,.............,."".,.......
<br />(penon(s) acknowledgmg)
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<br />My Cornmis$ion expires: .
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<br />P.O, Box 340$ J .j 6--'
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