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<br />I
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<br />88-
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<br />101511.
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<br />NON.UNIFORM COVENANTS, Dorrower and Lender further covenanl 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 acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (bl the action required to cure the
<br />defaultj (c) a date, not less than 30 days from the date the notice is given to Borrower, by ~.hich the default must be cured;
<br />and (d) that Callure to cure the default 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 Dorrower 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 Cull of all sums !>ecured by this Security Instrument without further
<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 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 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 of the Property by
<br />public announcement at the time and place of any previously scheduled sale. Lender or its designee ma}' 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 Ihe statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, Trustee'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 lq or abandonment of Ihe ProperlY, Lender (in
<br />person, by agenI or by judicially appointed receiver) shall be entilled 10 enter upon. take possession of and manage the
<br />Property and to collecl lhe rents of the Property including Ihose past due. Any rents collecled by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the I}roperty and collection of rents. including. but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable allorneys' fees, and Ihen 10 the sums secured by
<br />this Security Instrument.
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<br />21. Reconveyance, Upon payment of all sums secured by this Security In~trument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Secunly Instrument and all notcs evidencing debt secured by Ihis Security
<br />Instrument to Truslee. Trustee shall 'reconvey the Property wilhout warranty and withoul charge 10 the person or persons
<br />legally entilled to i\. Such person or persons shall pay any recordalion casls,
<br />22. Substitute Trustee. Lender, at its oplion, may from lime to lime remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument rcrorded in the county in which Ihis Security Inslrumenl is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the.tille, 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 <,enl 10 Borrower's
<br />address which is Ihe Property Address,
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<br />24. Riders to this Security Instrument. I f one or more riders are executed by Borrower and recorded togelher with
<br />~ his Security Instrument, the covenants and agreemenIs of each such rider shall be incorporated inlo and shall amend and
<br />supplement the covenants and agreemenls of this Security Inslrumenl as if the rider(s) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />o Adjustable Rate Rider
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<br />D Graduated Payment Rider
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<br />[J Condominium Rider
<br />L.; Planned Unit Developmenl Rider
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<br />~ 2-4 Family Rider
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<br />KJ Other(s) [specify] ACKJ.'lOWLEDGEMENT OF POHER OF SALE
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<br />BY SIGNtNG BELOW, Borrower accepts and agrees to the terms and covenants contained in IlllS Sccuril)'
<br />Instrument and in any rider(s) executed by Borrower and recorded with il.
<br />
<br />.t.~.~I<~..........".".....,........,(Seal)
<br />
<br />-Borrower
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<br />,.. ....... .......,... ,........",.'"..." ,..... ...(Seal)
<br />-Borrower
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<br />(Space Below This line for Acknowledtmentl
<br />
<br />STATE OF
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<br />NEBRASKA
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<br />COUNTY OF
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<br />, , . .I;IAL-l-. . . . . . . . . . . . . . , , . . , , . . .
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<br />} 53:
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<br />The foregoing inslrument was acknowled!!ed b~rore me this 18th day of }larch 1988
<br />. . .. .. . . . .. .. . . . . . . . . . . . .. . . . . . .. .. . . .. . . . .. . " . . .. . . . . .. . . .. . . . . ,.....
<br />
<br />(date)
<br />
<br />...,
<br />
<br />
<br />(s) acknowledging)
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<br />My Com[Jli~~ion expires:
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<br />J Notary Public
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