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<br />88_101622
<br />NON. UNIFORM COVENANTS Borrower and Lender furthcr covenant and agrcc as follows:
<br />19. Acceleri!1Ion: Remedies, Lender sholl give notice to Horrower prior to acceleration following Horrower's
<br />breach of any covenant or agreement in this Security Instrument (hut not prior to accelerot!on under paragraphs 13 and 17
<br />unless appllcohle law provides otherwise). The notice sholl specify: (a) the default; (h) the action required to cure the
<br />doi!faultj (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 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.exlstence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or hefore the date specified in the notice, Lender
<br />at Its option may require immediate payment in full uf all sums secured by this Security Instrument without further
<br />demand and ma)' invoke the power of sale llnd 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 8 notice of default in each county in which any part of the
<br />Property is located and shall mall 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 nutlce of
<br />sale to the persolls 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 morc parcels and In any order Trustee determines. Trustee may postpone sale of all or uny parcel of 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 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 />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 aUorners' fees; (h) 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 P.ossession. Upon acceleration under paragraph I 9 or abandonment of the Properly, Lender (in
<br />person. by agent or by judicially appolllted receiver) shall be cntitled 10 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 Lcnder or the receiver
<br />shall be applied first to payment of lhe costs of management of the Property and colleclion of rents. including, but not
<br />limited to, receiver's fees. premiums on receiver's bonds and rcasonable altomeys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />:U. Reconveyance, Upon payment of all sums secured by this Security lnstrumenl, Lender shall requesl Trustee to
<br />rcconvey Ihe Property and shall surrender this SecurilY Instrument and all nOles evidencing debt secured by this Secnrity
<br />Instrument to Trustee. Trustee shall reconvcy the Property Wlthoul warranly and WilhoUI 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, atHs option, may from time to timc remove Truslee and appoint a Successor lrust",:
<br />to any Trustee appointed hereundcr by an instrument recorded III the county in which this Security Inslrument 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 nOlices 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 />Ihis SecurilY Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and
<br />supplemer.t the covenants and agreements of Ihis Security Instrument as if the rider{s) were a part of this Security
<br />Instn.ment.ICheck applicable box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider [] 2-4 Family Rider
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<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />t;;.:J Other(s) [specify] Acknowledgment
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<br />BY SIGNING BELOW, Borrower accepts and agrees to the lerms and covenallls contained in Ihis Security
<br />Instrument and in any rider{s) executed by Borrower and recorded with it.
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<br />. .al:ld~....il.....{1;k.~J____....(Seal)
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<br />lanelle A. Culp U -Borrower
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<br />Hall
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<br />County S5:
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<br />STATE OF NEBRASKA,
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<br />O h. 28th March 86 .
<br />n I IS day III , 19 . hefore me, the underSigned, a NOlar\' PlIblk
<br />duly commissioned and qualified for said county. personally came Michael R. Culp and .
<br />
<br />.. Janelle A. Culp, FKA Janelle A. L,embuJ;"g',Husband and Wifelomekno\\'nlOhclhl'
<br />IdC'lIlcal person(s) whose nallle(s) arc suhscnbed to the tort'gOlng Ill'>trlllllelll and arknowledgt'd lhl' c\e,'ulion
<br />thereof to be Their \olulJlary ac::l and decd.
<br />Witness my hand and notarial wal al Grand Island, Nebraska in sBld cOllnl', Ihl'
<br />date aforesaid.
<br />
<br />My Commission expires:
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<br />c.L. KAllUl
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<br />To TRlJS~-Et"
<br />The undersigned is Ihe holder III rll<' nOll' "r lillIe' 'cunni 0, Ih" l>enl "I rrll,1 'iald 110'1," '" "pIC'_ !"~L'I"CI
<br />WHt! all 01 her IIldebl edn~" ,~,IU ,'d h, I hl\ l)conl "t I III ". h,l\ l' bn'" p;lId "' 11111 ) "II .,r" I"" "h, dl[ ,', Inl to' , .\11, ,'j ',lid
<br />note or 111111."\ and Ihl\ Dn',1 "I Iru\!, \\h"h .lll' ,kllll'ln! ht'rd',. <I"d to' '<,,,or,,,"_ ""11.,,,, ",I"."'" ,.II 'hc ",,,Pc
<br />no", hdd h,. 'Oil um!l-I II", [ked "I Irll\' ,,, 11,,- 1'<'1"'" "I p"",'rh k~,,,liI ,'''Iuled 111<'I,'i.'
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<br />RFQUEST FOR RECONVEYANCE
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<br />~O!'-U\ Publl...
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<br />Dill,.
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