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<br />,.-,~,'.: ".,' , .. ., ", ' . '8R... 101636
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<br />I f the power of sale is Inv~kq,Trustee shall record Ii notice of default In each county rn which any purt of the
<br />"roJlert)' Is located and shall mail~'opies Msuch notice in the manner prescribed by applicable law to Borrower llnd to thi
<br />nther pl:rsoI'JS prescribed bY"applicable law. After the time required by applicable law, Truste(' shall give public notice of
<br />sale to the persons and in the inimner p..escribed by applicable law, Trustee, without demand on Borrower, shall sellthe'
<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 p'arcelsand in ilnyorder Trustee deterinines. Trustee may postpone sale of all or any parcel or'the Property' by
<br />publicannouncemel1t lilt the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Pi"opertyat any side,
<br />, _' Uponrectlpf of payment of the price bid, Trustee shall deliver to the purchaser Trus,tee'sdeed coriveyhlg the
<br />Property.TherecUllls 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 sole"including, but not limited
<br />to, Trustee,'s feeslls I)Crmltted by applicable law and reasonable attorneys' fees; (b) to nil sums secured by this Security
<br />Instrument; a~d (c) any excess to the'person or persons legally entitled to It, .
<br />, 20, Leriderin Possession, Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person, byage"t or by judicially appoiiltedreceiver) shall be cntitlcd to entcr upon, take possession of and manage the
<br />Properiyand to collectthe'rents of the Property including those past due. Any renls collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and coliection of rents, inciuding, bill not
<br />limited to, re~ei'iler's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the surris secured by
<br />this Security Instrument. '
<br />21. Reconveyance. Upon payment of allsums secured by this Security lnstrument, Lender shall request Trustee to
<br />. reconvey the Property and shall surrenderthis St;curity Instrument and all notes cvidencing debt !iecured by this Security
<br />,Instrument to Trustee, Trustee shall reconvey the Property w)thoutwarranty and without charge to the person or persons
<br />legally entitled to it. Such pcrson 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 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 />
<br />23, Request for Notices, Borrower requests that copics 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 saie be person
<br />set forth hcrein."
<br />24. Riders to this Security Instrument. If one or more riders arc executed by Borrower and recorded together with
<br />this Security Instru~ent, the covenants and agreemenls of each stich 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 />Instrument. [Check applicable box(es)]
<br />o Adjustable Rate Rider
<br />o GraduatedPaymeflt Rider
<br />o Other(s) [specify]
<br />
<br />o Condominium Rider
<br />o Planned Unit Development Rider
<br />
<br />o 2-4 Family Rider
<br />
<br />By SIGNING BElOW, Borrower accepts
<br />ument and in any rider{s) cJl:ecuted b
<br />
<br />and agrees to the terms and covenants contained in
<br />",nd ,eeO'd'J '
<br />
<br />(Seal) i!h..((1.M__ ~
<br />-Borrower DOREEN FOLAND
<br />
<br />(Seal)
<br />-Borrower
<br />
<br />this Security
<br />
<br />
<br />(Seal)
<br />. Borrower
<br />
<br />(Seal)
<br />-Borrower
<br />
<br />ACKNOWLEDGMENT
<br />
<br />Fouum
<br />
<br />. ("Trustor"), under that certain Deed of Trust dated
<br />, ("Deed of Trust ") to be entered into
<br />
<br />IIWc, RAHDALL B. FOLAND and DOREEN
<br />BPril 1 st. 19 as
<br />amoung Trustor, LAWYERS TITLE INSURAHCE CORPORATION
<br />("Trustee") and CENTRAL 1'I0RTQAGE CORPORATION 3f.800 GRATIOT
<br />(','Beneficiary") covering the folloWlI1& deSCribed prbperty: '
<br />
<br />KT. CLEKEHS, ~I 48043
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />See front Page
<br />
<br />hereby ackowledge 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 mortgage in the event of a default of breach of obligation.
<br />
<br />
<br />Trustor Acknowledges that this Acknowlcdgment was made prior to the execution of the Deed of Trust.
<br />
<br />Executed and delivered this
<br />
<br />1 st
<br />
<br />
<br />
<br />T,"~o, ~ 84Lt
<br />
<br />TrulJ ' DOREEN FOLAHD
<br />
<br />)
<br />)55,
<br />)
<br />
<br />,. ,
<br />. .. ~- .
<br />Tht:: /orcgoingimtrument was ackn.owieclged before me ihis ,is t day of. April
<br />,19 88 . by Randall B., Foland' and Doreen Foland.
<br />. Husband and Wife
<br />Wi!oC\s my hand nndriotarial <,eal al Grand Island in ..aid Counly. thc datl' aforl'~aid.
<br />
<br />~h't:()iJIrnhsion r.',\pircs:
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