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<br />NON.UNIFORM COVENANTS Borrower and Lender further covenant and ugree as fOIl~~-" 1 0 15 61
<br />19. Acceleration; Remedies. IAlnder 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; (b) the action requlre<J to cure the
<br />default; (c) n dRte, not less than 30 days from the date the notice Is given to Borrower, by whleh the default must be cured;
<br />and (d) that failure 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 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 Security Instrument without further
<br />demand and may Invoke the power of sale Rnd 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 port of the
<br />Property Is located and shall mall copies of such notice in the manner prescribed by applicable low to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable low, Trustee shall give public notice of
<br />sale k the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public aUI:t1on to the highest bidder at the time and place and under the terms designated in the notil:e of sale in
<br />one or more parcels and in allY order Trustee determines. Trust~e may postpone sale of all or any parcel of tfle Property by
<br />publle announcement at the time and place of any previously scheduled sole. Lender or Its designee may purchase the
<br />Property at any sale.
<br />Upon rCl:clpt of payment of the pril:e bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property, The redtals in the Trustee's deed shall be prima facie el'idence of the truth of the 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 applicahle law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (e) any excess to the person or persons legally entitled to it.
<br />20. Lender in P.ossession. 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 shull rcqucst 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 ch'ltge to the person or persons
<br />legally entitled to il. 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 u 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 />23. Request for Notices. Borrower requests that copies of the notices of default and saie 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 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 />lnstrument. {Check applicable box(es)]
<br />o Adjustable Rate Rider D Condominium Rider D 2-4 Fumily Rider
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<br />o Graduated Payment Rider
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<br />D Planned Unit Development Rider
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<br />119 Other(s) [specify] Acknowledgment
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<br />Bv SIONING 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.
<br />
<br />.-It~ /J/)
<br />..;c,l.......,.....,./.t:./...I,.~......................................(Seal)
<br />
<br />Rallie Newman -Borrower
<br />
<br />........ .\1. ).,.0:>.'=......., .~. .J,{..0...:r.u&!.mrl....... ,........... .(Seal)
<br />.:f6lene Newman -Borrower
<br />
<br />STATE OF NEBRASKA.
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this 24th day of March ,19 88 ' bcfore me, Ihe undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Rollie Newman and
<br />Jolene Nel.uman, Husband and Wife ,10 mc known to be the
<br />identical person(s) whose name(s) are subscribed 10 the foregoing instrumenl and acknowledgcd thc cxecution
<br />thereof to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island Nebraska in said county, the
<br />date aforesaid. ·
<br />
<br />....
<br />
<br />My Commission expires:
<br />J:BIM. ..,....... MrIIb
<br />C.L Ulalll
<br />., c-. bJ IIlc. 2t 1.
<br />
<br />.........,...... .~-. .1.. .1-:. .'.. '~~~"""'"
<br />NOlal)' rllhli~
<br />REQUEST FOR RECONVEYANCE
<br />
<br />To TRUSTEE:
<br />
<br />The undersigncd is Ihe holder of the nole or notes secured hy Ihis Deed of Trust. Said note or notes, logetlll'r
<br />with all othcr indebtedness secured by this Deed of Trust. hll\'e been paid in full. '1'0\1 arc hereby direclcd to cancel said
<br />nole or notes and this [ked of TruM, which arc delivered hereby. and 10 rcl't)fl\'\'Y. without warranly, alllhe l'slatc
<br />now held by you ulIlkr this Deed of Tr\lsl 10 the person or persons Icgally l'ntitled then'lo.
<br />
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<br />Date:
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