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<br />88- 10159')
<br />If the power of sale Is invoked, 'J'ruslee shull record II notice of def;1lI1t in each count}' in which an)' part (:'rthe
<br />Propert). Is located and shall mall copies of such notice In the manner prescribed by applicable Illw to Borrower lInd to thi
<br />other persons prescribed by applicable law. After the time required by Ilpplicllble law, Trustee shall give public notice of
<br />51111" to the persons Bnd In the manner prescribed by Ilpplieable law. Trustee, without demand on Borrower, shall sell the
<br />Properly lit public uuctlon to the hlRhesl bidder at the time Ilnd place and under the Icrms desiRnated 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 annollneemenl at the time and place of any previously scheduled !Jale. 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 primll facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the followlnR order: (a) to all expenses of the sale, including, but not'Umited
<br />to, Trustee's fees as permitted by applicable law and reasonable altorneys' fees; (b) to all sums secured by this Security
<br />Instrument; Ilnd (c) an)' excess to the person or persons leRally 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) shull be entilled to enler upon, take possession of and manage the
<br />Property and to collecl Ihe rents of the Property induding those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the cosls of management of the Property and collection of rents, induding, 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 Inslrument.
<br />21, Reconveyance. Upon payment df all sums secured by this Security Instrument, Lender shall request Trustee 10
<br />reconvey the Property and shall surrender this Security Instrument and all noles evidencing debt secured by this Security
<br />Instrument 10 Trustee, Trustee shall reconvey the Property without warranly and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordalion costs.
<br />22, Substitute Trustee, Lender, at its option, may from time to lime 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 Ihe ProperlY, the successor tl'lJstee shall succeed to ;:I] Ihe title, power and duties conferred upon
<br />Trustee herein and bv applicable law.
<br />23. Request for Notices. Ilorrower requests that copies of the notices of default and sale be sent to Borrower's ad-
<br />dress which is the Property Address, "Borrower further requests that copies of the notices of default and sale be person
<br />set forlh herein,"
<br />24. Riders to this Security Instrument. I f one or more riders arc executed by Borrower and recorded together with
<br />this Security Instrument, the covenanls and agreements of each stich rider shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Securily Instrument as if Ihe rider(s) were a part of this Security
<br />Instrument. (Check applicable box(es)]
<br />o Adjustable Rate Rider
<br />o Graduated ~layment Rider
<br />o Other(s) [specify]
<br />
<br />o Condominium Rider
<br />o Planned Unit Developmenl Rider
<br />
<br />o 2-4 Family Rider
<br />
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained III this Security
<br />InlU~::~:ltld in a~y rider(s) executed by Borrower and recorded with it.
<br />
<br />j' ~~ " C
<br />! ,.{"".~<~ J ,- Lu" (ScalI ( -1.C:(\ I~\ (
<br />RAHDAl. L. CHITT'iJ aka Randy L. Chitty .Borrower JOAN E.
<br />
<br />.-~-)
<br />t){
<br />IiRABEC
<br />
<br />C\.1)fC /
<br />
<br />(Seal)
<br />-Borrower
<br />
<br />(Seal)
<br />.Borrower
<br />
<br />(Seal)
<br />-Borrower
<br />
<br />ACKNOWLEDGMENT
<br />
<br />l/We, RANDALL L. CHITTY and JOAN E. BRABEC
<br />Karch 25 th, 19 88
<br />amoung Trustor, LAWYERS TITLE IHSURAHCE CORPORATIOH
<br />("Trustee") and CEHTRAL 1'I0RTGAGE CORPORATION, 3&800 GRATIOT, 11T. CLEI'IEHS, I'll 0\800\3
<br />("Bcneficiary") covering Ihe following described property:
<br />
<br />, ("Trustor"), under thaI certain Deed of Trust dated
<br />, ("Deed of Trust") to be entered into
<br />
<br />LEGAL DESCRIPTION: See front Page
<br />
<br />hereby aekowledge that it is understood that (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 />10 the Trustor than a mOrlgage in Ihe evcnt of a default of breach of obligation,
<br />
<br />Trustor Acknowledges that this Acknowledgment was made prior to the cxecution of Ihe Deed of Trust.
<br />
<br />Executed and delivcred this
<br />
<br />day of
<br />
<br />, 1968
<br />
<br />25 th
<br />
<br />Karch .
<br />~A~
<br />Tr~s~~';'[,..:)RA~DAt.l'\~~ ~rY
<br />
<br />aka Randy L. Chitty
<br />
<br />V" . "~.,..--
<br />\ -( ,. Ii. j' / . ,i '
<br />Trustor JOAN Eo BRABEC
<br />
<br />Slale of Nebraska
<br />
<br />)
<br />)ss.
<br />)
<br />
<br />County of Hall
<br />
<br />The foregoing instrufIlelll was acknowledged before file thh 25th day of. March
<br />,19 88 . by Randall L. Chitty, II single persoo nnd
<br />Joan E. Brabec, a Single person
<br />~'ilrh~S~ illY haml and notarial ~...al al Grand Islllnd !!l "lid ('OU'1I\, Ihl' dall' alnrna,d.
<br />
<br />\h (olTlnll~\ion c:\pirl's:
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<br />GlIWI. 1I1ARV..Sntt of IkbrlJU
<br />noefRTA L AEI!D
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