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<br />88- 10184.3
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<br />NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall Kive noti~ to Borrower prior to acceleration following Borrower"s
<br />bnada of IJIY conaant or qreeDleDt in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />uleaappUeable law pI'Ondes otherwise). The notice sIIallll*ify: (a) the default; (b) the action ..equired to cure the
<br />default; (c) a date., uot'" t1w130 days from the date the notice is ginn to Borrower, by whleh the default must be cured;
<br />ad (d) dlat fIIilure to cure the default on or before the elate specified in the notice may result in acc:eleration of theliums
<br />IIiCW'ed b, tIaiI SKurit)' IllItrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reiastate after acceleration ud the right to bring a collrt action to assert the non-existence of a default or any other
<br />defease of Bonower to KCeleration ud sale. If the default is not cured on or before the date specified in the notice. Lender
<br />at its optioII1IIIIY require immedhtte payment in full of IIll sums secured by this Security Instrument without further
<br />deIIIud IDd may ialoke tile po"er of sale aDd uy otber remedies permitted by applicable law. Lender shall be entitled to
<br />collect allupeaaes inam'ed in pumililg the remedies provided in this paragraph 19, including, but not limited to,
<br />I'e8SOIIUIe attomeys' fees ud COltS of title eridence.
<br />If tile power of sale Is inl'oked, Trustee sball record a notice of defllult in each county in which IlD)' pm1 of the
<br />Property illoeated and sbalI mill copies of sucll notice in the nwmer prescribed by applicable law to Borrower and to the
<br />other penoas prescribed hy applicahle law. After the time required by applicable law, Trustee shall gin public notice of
<br />ale to tile penoas IIId in the manlltr prescribed by applicable I.", Trustet;l, witb()ut demand on Borrower, shall ~ll the
<br />Property at public ...ction to the blpe5t bidder at the time and place and under the terms designated in the notiee of sale in
<br />one or more pattels and in any ord.r Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />,.blic UDOUIIc:eDlent at the time and place of uJ preriously scheduled sale. Lender or its designee may purchsse the
<br />Property at any sale.
<br />Upoa receipt of payment of the pri~ bid, Trustee sball deUnr to the purcbaser Trustee's deed cooyeying the
<br />Property. The recitals In the Trustee's deed sball be prima facie elide::tc:e of the truth of the statements made therein.
<br />Trustee tba1l apply the proceeds of the sale In tbe following order: (a) to all expenses of the sale, including, but not limited
<br />to, TnItee's fees IS permitted by appllrable law and reasonable attorneys' fees; (b) to all sums ~ured by this Security
<br />1DItnI8eat; sad (e) any es:cea to the penon or persons lepUy entitled to it.
<br />ZO. Lender in P.osseaIOD. 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. Reeoal'eyance. Upon payment of aU sums secured by this Security Instrument. Lender shall request 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 Propeny without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />n. SIIb1tihlte 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 conveyan~ ofthe Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Trustee hudn and by applicable law.
<br />23. Relpest for NodceL Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />K. Riden 10 ala Senti., bltnuMBt. If one or more riders are executed by Borrower and rec..:-rded together with
<br />this S<<urity Instrument. the covenants and ....eements 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 />Instrument. [Check applicable bo.(es))
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />~ Other(s) [specify) Acknowledgement
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<br />By SIGNING BELOW. Borrower aa:cpts and aarees to the terms and covenants contained in this Security
<br />Instrument ud in any rider(s) executed by Borrower and recorded with it.
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<br />........................................................................................................
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<br />.........
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<br />.......~~....a.:.~.......................(SeaI)
<br />~
<br />
<br />William A. Brown
<br />
<br />......."'....................................................................................................
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<br />... ........ ............... ............... ....,....... ................................. ..(Seal)
<br />--aon-
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<br />ST ATE OF NEBRASKA.
<br />
<br />Hall
<br />
<br />County 5S:
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<br />On this 6th day of April ,19 88, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Wi 11 iam A. Brown, unma rr i ed
<br />
<br />_~________________________________________________________________ , to me known to be the
<br />
<br />identical person(s)h""hose name(s) are subscribed to the foregoing instrument and acknowledged the exccution
<br />thereof to be 1S voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island Nebraska in said county the
<br />date aforesaid. ' '
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<br />My Commission expircs:
<br />
<br />J;.1lf1M. ......... If ....
<br />. c.L MM.-
<br />. h .,0...,......
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<br />To TIlUSTEE:
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<br />The undersigned is the holder of Ihe note or noles ~ecured by this Deed of Trust. Said note or notes, together
<br />with aU other indebtedness secured by thi\ Deed or Trust, have been paid in full, You arc hereby directed 10 ClIned said
<br />note or notes and this D<<d or Tru5t, which are deli,.ered hrrehy, and t\1 reconvey. without .....arranty, all the eSlIllC
<br />now hdd by )'ou undt'r this Ixed of Trust to Iht' person or persons legally entitled Ihereto.
<br />
<br />I'd ,:L ~/ .
<br />'-.. . t~.
<br />................................................................. _...... II" II..... ","
<br />NOlal)' Public
<br />REQUEST FOR RECONVEYANCE
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<br />Ollt:
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