|
<br />I
<br />88- 102312
<br />
<br />If the power of sale is invoked, Trustee shall record u notice of defnull in each couoty in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to thM
<br />I"her persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, sball sell the
<br />Property at ,lUblic auction to the highest bidder at the time and place and under the lerms designated 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'tbe Property by
<br />public annGllncemenl at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any sale.
<br />Upon recelpl 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 sball be prima facie evidence of the truth of Ihe statements made tberein.
<br />Trustee shall apply the proceeds of tbe sale in tbe following order: (a) to all expenses of the sale, including, but not limited
<br />to, Truslee's fees as permitted by applicable law and reasonable attorneys' fees; (h) 10 all sums secured by Ihis SecurilY
<br />Inlltrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandon men I of the Properly, Lender (in
<br />person, by agent or by judicially appoinled receiver) shall be emi!kr' In enter upon, ,ake possession of and manage the
<br />Property and to colleclthe rents of the Propeny including those P"", d~c '\ny rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the i..:lperty and collection of rents, including. but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable aHomeys' fees, and then to the sums secured by
<br />this SecurilY Instrumenl.
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Propeny and shall surr.ender Ihis Security Instrument and all notes evidencing debt secured by ;his Security
<br />!nstrumentto Trustee. Trustee shall reconvey the Propeny without warranty and without charge to the person or persons
<br />legally enlitled to il. Such person 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 />10 any Truslee appointed hereunder by an mstrument recorded in the counly in which Ihis 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 bv applicable law,
<br />
<br />23. Request for Notices. Borrower requests that copies of the notices of defauh and sale be sem to Borrower's ad.
<br />dress which is the Property Address. "Borrower further requests that copies of the notices of defauh and sale be person
<br />set f onh herein."
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br />this Security Instrument, Ihe covenants and agreements 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(sl were a pan of this Security
<br />Instrument. [Check applicable box(esl]
<br />L1 Adjustable Rate Rider
<br />C Graduated Payment Rider
<br />= Other(sl [specify)
<br />
<br />;:J Condommlum Rider
<br />:= Planned Unit Development Rider
<br />
<br />2-4 Family Rider
<br />
<br />By SIGNING BELOW, Borrower accepts and agrees to the tenos and covenants contained In thIS Security
<br />Instrument and in any rider(sl executed by Borrower and recorded with it.
<br />
<br />
<br />~LU~ 14/€Lrr -e(;r~~l ~~ ~~
<br />
<br />( Seal) (Seal)
<br />.Borrowe, -Borrower
<br />
<br />ACKNOWLEDGMENT
<br />
<br />I/We. GARRY L. WILLIAIIS ind JEllIItE S. WILLIAllS
<br />ll.iy 2 nd, 19 ea
<br />amoung Trustor. LIlllYERS TITLE IHSUrIAIICE ClIRPllRllTlDH
<br />("Trustee") and CEH1llAI. IlIIiTIiAIiE ClIIPORATIDH, 36800 GIlllTIOT, liT.
<br />("Beneficiary", covering the following described property:
<br />
<br />, ("Trustor"" under Ihat certain Deed 01 Trust dated
<br />, ("Deed of Trmt") to be entered into
<br />
<br />CLEIDS, III ~4J
<br />
<br />LEGAL DESCRIPTION: Set Fl'ORt Pill
<br />
<br />hereby ackowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a tru,( 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 obliga(ions
<br />to the Trustor than a mongage in the event of a defauh of breach of obligation.
<br />
<br />Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust.
<br />
<br />Executed and delivered this
<br />
<br />2 nd
<br />
<br />day of
<br />
<br />ll.iy
<br />
<br />, 1938
<br />
<br />~~~U~IJ'
<br />Trustor y, W
<br />
<br />(1n,",~1..fj_ ~w
<br />~1EMt: 5,
<br />
<br />SI.le or Nebruka )
<br />)!ill.
<br />Counly of Hall )
<br />
<br />The foregoing instrumellt wa' acknowledged bdore me this 2nd day "I, May
<br />,19 88 , by Garry L. Williams and Jeanne S. Williams,
<br />Husband and Wife
<br />""'ilnet." my hand and notarial local at Grand Island lf1 "tlI0 (\)lInl~. Iht' Jal,,' .1I1)T"''',lld
<br />
<br />
<br />/2 A J' ---:J.
<br />~~. ~' .-
<br />N"'dl~- !;II~~ftL. , ur r ,{
<br />
<br />,,... \.-ornm'....lon t"'\Plrc~'L
<br />
|