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<br />88- 1022'11
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<br />rights and benefits 8CCI1Ilng to the Bonower under UlY and aU oll and
<br />gu 1_ on Wd premlIs, with the right to receive and receipt for
<br />the wne lUId apply them to saId'ladebtedass u well before u after
<br />default In the coadlt(OI\I or thls lastrumeat, ud the Leader may de,
<br />mud; JiJe foiolUldnixivorUlY such paymeall wboa due ud payable.
<br />but abaII iilit be required 10 w do. Thll ....punent II to terminate ud
<br />'-nmi, nUllud void upan reIouo of thts IlIItrumoat.
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<br />10. That the BorrowerwUI keeP the buildings upon Aid premises In
<br />good repair,' aad neither commit nor permit wute upon said land, nor
<br />suffer the said p,:"",1ses to be used far any unlawful purpose.
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<br />11. That if tb. premises, or any part thereof, be condemned under
<br />the power of eminent domain, or acquired for a public use, the
<br />damages awarded, the proceeds (or the taking of. or the conslderaUon
<br />for such acqulslUon, to the ""tomt of the fuU amount of Indebtedness
<br />upa,n this IlISttument and the note which It is given to """'re remain.
<br />Ing unpaid, are hereby assigned by the Borrower to the Lendcr, and
<br />shall be paid (orthwith to said Lender to be applied b)' lhe latter on
<br />account of the Ill!lt maturing installments of such Indebtedness,
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<br />12, The Bonower (urther agrees that should till.> Instmment and the
<br />note secured he"by not be eligible for Insurance under the NaUonal
<br />Housing Act wllbln eight months From the date hereof (written .tate.
<br />ment of any orflcer of tbe Department of HOUling and Urhon
<br />Development or authorized ogent of the Secretary of Housing ond Ur.
<br />bllll Development dated subsequent to the eight months' Ume from lbe
<br />date of thls lastrumeat, declining to Insure said note and this mort-
<br />PIO, being deemed conclusive proof of sucb Ineligibility). the Lender
<br />or bolder or the note may, at Its Opllon, declare all sums """"red
<br />bereby lmmodJately due and payoble. NotwlthstUldlng the foregoing,
<br />tbls option may not be ""erclsod by the Lender or the holder of tbe
<br />note when the IneliglbWty For Insuronce under the NoUonol Housing
<br />Act is due to the Leader's fallure to remit the mortgage Insu,ance
<br />premium to the Department of HOUllnR and Urban O",'elopment.
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<br />13. That if th~ Borrower fails fo make uny pa)'mentJ of mone}' when
<br />tb. s.m. b.eome due, 0' foils to conform to ond rompl)' wllh .or of
<br />the conditions or a~ents contuinLod In this instrument. or the note
<br />which it secures, then the' entire principal sum and accnrt:d interest
<br />5h.1I ot once bet.",me due and payable, at the el""tion of Ihe Lender.
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<br />Lender shall give notice 10 8orrow.r prior 10 .cceleratlon followlnR
<br />Borrower's breach 01 an}' CO\'enwlt or agre:ernent in this instrument
<br />(but not prior to acceler.tlon under poragraph 12 unl... applicable
<br />law provldJ!S otherwise). The notice shallspoclfy, (a) the default: (bl
<br />the oc:llon required to cure tbe defoult: (c) a dale, not I"", tbon JO
<br />days from the dole the notice i> given to Bonower, by which tbe
<br />default must he cured: aad (dtlhat fnllUJ'l! to CUll' the default on or
<br />before Ihe date .pec:lfied In the notice moy result In acceleration of tb.
<br />sums JOCUred by this Instrum.nt ond saI. of the Property. Tbe notice
<br />shall lurthrr inform Borrower of the right to reinstate after HaTler..
<br />tIon oad the rlllht to bring 0 court oeIion to ....rt the non...bl.n..... of
<br />a deloult or any other defense of Iionower to acceleration and sale. If
<br />the default'ls nol cured on or before the date 5jlOcllied in the notice,
<br />Leader at Its option mo)' require immediate poyment in full of all
<br />IIIDIS lIOCUred b)' this lmtrument without further demaod ond may 10.
<br />''OR the pawer of we and any other remedies permitted b)' ap.
<br />pIleabie law. Lender shall hE entitled to collect oil expensa Incurred
<br />1.0 punulng the remedies provided in this paragraph 13, Including, bUI
<br />not limited to, r<:a>onable ot~orney's fee, and emu of title .vidence,
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<br />If the power of sole Is Invoked, Trustee shall record a notice or
<br />default In each county In whleh 8IlY part of the PropertY Is located,
<br />and shall mall coples or such notice In the mannerpracrlbedby ap.
<br />plicable law to Bonowerandro,the~er~DI"~lNlclbYap-
<br />plicable law, Mterthe lImneq~by.appUCable 1a~,'I'''!''-sbaII
<br />give public notice or salfi to the penona aaCliJJ theDwaiier.~
<br />by applicable how; TrustIie,wltboutdOmUidIli1 Bomi..;mau~,
<br />tbe Property at publl~~_n.tOthll b1gliest bkider.t liietime And-
<br />place and under iJiilternisdili!plilcllntbilnoll..eor:lale In one or
<br />more parcels and In any order TfuSiee;detili1iiIiaes; TrU.tee may
<br />po.stpone sole of all or any Paml of the ptopeny by pubUcanno\lJlceo
<br />ment at the time andllloceofanyptevJotiJly~edWod laIed.ender
<br />or Its designee may purcbase the Property at any sale,
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<br />Upon receipt of payment of the price bid. Trusteesb,ill"deUver to
<br />the purchuer Trustee's deed conveying t~e Proporty,''l:iie'rilCitals In
<br />the Trustee's deed .hall be prima facie evidence of the, irUth of the
<br />stotements maci!l therein, Tnutee shall apply the prOceeds or the sale
<br />In the following order: (a) to all ""penses IIf the sale, lncludJng but
<br />not limited to, Trustee's fees as permitted by applicable law and
<br />,easonable attorney<' fees; (b) to all .UIJlll secured by this Security In,
<br />'Irumenl: and (c) any excess to the person or penons,lepJIy enUtIod
<br />to it.
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<br />14, Upon oeeeleratlon under paragroph 13 or abandonmoat of the
<br />Property, Lender (In penon, by agent or by judicially appointed
<br />receiver) shall be entitled to enter upon, tob possession of and
<br />manage the Property ond to coUec:l the rents of the Property including
<br />those put due. Any rents collec:tod by Lender or the receiver shall be
<br />applied flm to payment of the costs of managemoat or the Property
<br />ond colloc:tlon of rents, Including. but notliinJted to, receiver's fees,
<br />premiums on receiver's bonds and reasonable attorneys' fees, aad then
<br />to Ih. SUIJlll secured by this Instrument.
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<br />15. Upon payment of all sumo secured by thi> illSttument, Lender
<br />shall request Trwtee to reconvey the Property IIIId slioll surrender this
<br />Instrument ond aill notes evidencing debt secured by this instmment to
<br />TrustL'e. TrUltee sball reconveny the Property withoul warranty and
<br />withollt charge to the penon or penons legally entitled to It. Sueh
<br />person or persons shall pa)" any recordation costs.
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<br />16. Lender, ot iu option, moy from time to time remove Trustee
<br />and appoint 0 successor trustee to any Trustee appointed hereunder by
<br />all Instrument recorded in the c:ounty In which this instrument Is
<br />rL'COrded, Without ronveyance of the Property, the SI1CCC1SOr trustee
<br />shall succeed to all the Utle, power and dulles conferred upon Trustee
<br />h.reln ond by opplicoble low.
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<br />Ii. Borrower requests thot copies of the notices of doEoult and sale
<br />be sent to Borrower's address which is the Property Addrea.
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<br />Ill. If on. or more riders are exeeuted by Borrower and recorded
<br />together wUh Ihls Instrument, Ihe covenants and agreements of each
<br />.uch rider .holl be Incorporoted into and shall amend and supplement
<br />the co"enonu and ogreernenu of this Instrument as If the rIder(s) were
<br />a fla,t oltbl.> Instrument.
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<br />J 9. Th. eovenonu herein contained sholl bind, aod the benefits ood
<br />ad"ilntag~ shall ioure tQ~ the respective heirs, eucutors, ad.
<br />mlnlstrulors, successors, ond assigns of the parties hereto. Whenever
<br />used, the singular number shall include the plural. the plurol the
<br />sinRulor, and the.... of any I!"nder shall include all genders,
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<br />By siglli"" below, Borrower olCCepts and agn-es to the terms covenants eontnJoed in thi> Seeunl;- Instr'.1Clcnt :r:d in a"'j' ridcr(.) execuled "l'
<br />Bonower aad reco,ded with ii,
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<br />Stote 01 NebrasIco,
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<br />eo-ty of
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<br />Hall
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<br />Le 1 Ie L. IlD libaugh
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<br />[Seall
<br />Bono...,
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<br />[Seal)
<br />Bort'O"~r
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<br />n. ForeIoIn. Instrument wu oeknowledged before me Ihls I, t 11 ,doy of I ill y
<br />lIES . by uule fl.. Hollibaugh and L"lili., L. Olllb"ur.ll, hU5t>uilU and wi re
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<br />W~ my hand oad nolorlol seoI 01
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<br />Gr.mu IHlnnd
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<br />My commlMion elpttell .;. L I ; i
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<br />In said Count}", the date .Io.....id.
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<br />GtM\.rtl'''''.'\I;''V. SI.,I!'(It N"br.'nll
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<br />P"Q_ J 01 4
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