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<br />88- 10;J763
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<br />NON.UNIFORM COVENANTS. Borrower and Lender I'urther covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender sball giTe notice to Borrower prior to acceleration following Borrower's
<br />breacb of IIIIY COTenant or agreement in tbis Security lutrument ("ut not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law proridel otherwise). De notice shall specify: (a) the default; (b) tbe action required to cure the
<br />default; (c) a cbite, not leu dum 30 days from the date the notice is giTen to Borrower, by which the default must be cured;
<br />and (d) tbat failure to cure the default on or before tbe date specified in tbe notice may result in acceleration of tbe sums
<br />secured by tbis Security IlIatrument and sale of the Property. De notice sball furtber inform Borrower of tbe right to
<br />reiDltate after acceleration and tile right to bring a court action to 8SIleI't tbe non-existence of a default or any otber
<br />defense of Borrower to acceleration IIIId sale. If the default is not cured on or before tbe date specified in the notice, LendEr
<br />at Its option may require immediate payment in full of ail sums secured by tbls Security Instrument without further
<br />demllDd and may inToke the power of sale and any otller remedies permitted by appllcable law. Lender sball be entitled to
<br />collect ail expenses Incurred in punulDg tbe remedies prorided In this paragrapb 19, Including, but not limited to,
<br />reasonable attorneys' fees and'costs of title eridence.
<br />If tbe power of sale is Invoked, Trustee slWl record a notice of default in eacb county in wbicb any part of the
<br />Property Isloc:ated and sball mail copies of sucb notice in the manDer prescribed by applicable law to Borrower and to tbe
<br />otber persons prescribed by applicable law. After tbe time required by applicable law, Trustee shall giTe public notice of
<br />sale to tbe persons and in tbe manner prescribed by applicable law. Trustee, without demand on Borrower, sball sell tbe
<br />Property at public auction to tbe blghest bidder at tbe time and place and under tbe terms 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 of tbe Pn;perty by
<br />public announcement at tbe time and place of any preriously scbeduled sale. Lender or its designl!e may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee sball deliTer to tbe purcbaser Trustee's deed conTeying the
<br />Property. De recitals in the Trustee's deed sball be prima facie eridence of the truth of the statements made therein.
<br />Trustee sball apply the pro~eeds of the sale in tbe 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 attorneys' fees; (b) to a!J sums secured by this Security
<br />Instrument; lIDd (c) any eJlcess to the person or persons legally entitled to it.
<br />20. Lender In P.ossession. 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. Reconveyance. Upon payment of all sums secured by Ihis Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrumenl and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property 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 />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 />23. Request for Notices. Borrower requests that copies of the notices 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 />this Security Instrument, the 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(s) were a part of this Security
<br />Instrument. [Check applicable box(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 Pianned Unit Development Rider
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<br />~ Other(s) [specify] Acknowledgement
<br />
<br />By SIGNING BELOW, Borrower accepts and agrees to the tcnns and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it. ~
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<br />...........................,...............................................-............ 4.&..L............J.~~.~:.~..~:~.....................(Seal)
<br />. ----
<br />E. Glenn Johnso,n
<br />.s~~~~~.~~~.......:~"N~....~
<br />
<br />ST ATE OF NEBRASKA,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this 20th day of May , 19 88 , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came E. Glenn Johnson and Sharon
<br />
<br />L .1ohnson Hwshand and W;L fe _____________________________________ ' to me known to be the
<br />lu~nfi(;al pers(fn(s, WRose name(s, are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be his voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island, Nebraska in said county, the
<br />date aforesaid. ()
<br />
<br />
<br />MYCOmm==:..~~Q. ~~, 11~~....fb..~........ . ;(.~JJc,-z:_.
<br />
<br />. .., __ N1Z;' Public
<br />"Glla.er._2? _ REQUEST FOR RECONVEYA E
<br />
<br />To TRUSTEE:
<br />The undersigned is the holder of the note or notes secured by Ihis Deed of Trusl. Said nole or nOles. logether
<br />wilh all other indebtedness secured by this Deed of Trusl. have been paid in full. You are hereby direcled to cancel ,a.d
<br />nOle or nOles and Ihi, Deed of Trust. which are delivered hereby, and 10 reconvey. ydthout warranty, alllhe "'Iale
<br />now held by you under this Deed of Trust 10 Ihe person or persons legally entilled Ihereto_
<br />
<br />Date.
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