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<br />88-102947
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<br />NON-UNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows:
<br />19. Accelenltlon; Remedls. Lell::!er shall KIn Ilotlce to Borrower prior to acceleration follo'll'illll Borro,"er'.
<br />braell of any connant or qreement In this Sec:urity IDStnImellt (but not prior to acceleration under parqrapbl13 and 17 ..
<br />unlES!! Ipplicable 1111' prondel othenrlse). The notice shall spec"y: (I) the default; (b) the action required to cur! tht I
<br />default; (c:) a clate, not leu t1wI30 clays from the clate the notice Is glnn to Borrower, by wblch the default :aUlt be curH;
<br />and (d) that failure to Cllre the default on or before tbe clate specified In the notice may result ID acceleration of the IUIIII
<br />secured by this Secudty InttrunIent and sale of the Property. The notice shall further Inform Borrower of tbe rigbt to
<br />reinstate after aeceleratlon and the rigbt to brinll a court action to usert the non-exlstencll of . defllult or any other
<br />defeue of Borrower to acceleration and sale.lftbe def.ult Is not cured on or before the date specified In UJe 1I0tlce, LeDder
<br />It ItI option may require Immediate pa)'llleDt fA full of all sums secured by this Security Instrument without further
<br />dellWKl and may In,oke tbe power of sale and..y otber remedies permitted by Ipplicable law. Lender sball be entitled to
<br />collect all expetllell iKllrred in punuJnll the remedies prond_ In this paragraph 19, Includlnll, but not limited to,
<br />reaaolillble attorneys' fees and costs of title c,ldence.
<br />If the power of sale Is In,oked, Trustee sball record a notice of deflult In each county In which any part of the
<br />Property Is located and sball mall copies of such notice in the manner pre.tc:ribed by applicable 1.11' to Borrower and to the
<br />other pelIOIIl preKribed by .pplicable law. After the time required by applicable law, Trustee shall KIte public notice of
<br />sale to the perIODS ud in tbe manner prescribed by Ipplicable 1111'. Trustee, without demlnd on Borrower, sball sell the
<br />Properq It public aUdion to the hipest bidder at the time and pllce and under the termll deslllDlted in tbe notice of sale in
<br />one or mor~ parcels and In any order Trustee de~ermIMl. Trustee may postpone salE. of all or any parc~1 of the Property by
<br />public unouoc:ement It the time and place of any prniously scbeduled sale. Lender or its desilPlee mlY purchase ~e
<br />Property It any sale.
<br />UPOII receipt of payment of tbe price bid, Trustee sball delinr to tbe purc:huu Trustee's deed COnteyiDg the
<br />Property. The recitals in the Trustee's deed shall be prlml facie evidence of the truth of tbe statements made therein.
<br />Trustee shall apply the proceeds of the sale in the follo'll'ing order: (a) to all expenses of the sale, !Ac:litdlnB, but not limited
<br />to, Trustee's fen u permitted by applicable law and reuomable attorneys' fees; (b) to a11'Simis 'sec:ured by this Security
<br />Instr.lment; and (clany cxc:ess to the penlOn or persons legally entitled to It.
<br />:ZO, Lender In P.ossesslon, Upon acceleration under paragraph 19 or abandonment of Ihe Property, Lender (in
<br />person, by agent or by judicially appointed receiver) shall be entilled to enter upon. take possession of and manage the
<br />Property and 10 collect the rents of the Property including Ihose past due, Any rents collected by Lenlier or the receiver
<br />shall be applied lint to payment of Ihe costs of management of the Property and collection of renls, including. but not
<br />limited to, receiver's fees. premiums on receiver's bonds and reasonable atlomeys' fees, and then 10 the sums secured by
<br />this Security Instrument,
<br />21. ReconYeyance. Upon payment of all sums secured by this Security Instrumenl, Lender shall request Truslee to
<br />reconvey the Property alld shall surrender Ihis Security Instrumenl and all nOles evidencing debl secured by this Security
<br />Inslrument to Trustee, Truslee shall reconvey the Property without warranty and without charge 10 Ihe person or persons
<br />legally entilled to it. Such penon or penons shall pay any recordalion costs,
<br />22. Substitute Trustee. Lender. al ils option, may from lime to time remove Truslee and appoint a succesror trustee
<br />to any Truslee appointed hereunder by an inslrumenl recorded in the county in which this Security Instrument is recorded,
<br />Wilhout conveyance of the Property, Ihe successor trustee shall succeed 10 all the litle, power and duties conferred upon
<br />Trustee herein and by applicable law,
<br />13. ~ for Notices. Borrower requests thai copies of the notices of default and sale be sent 10 Borrower's
<br />address which is the Property Address.
<br />24. RIders to this Security IMUulllellt. If one or more riden are elleculed by Borrower and recorded together with
<br />this Security Inslrument, the covenants and asreemenls of each such rider shall be incorporated inlo and shall amend and
<br />supplement Ihe covenants and agreements of this Securily Instrument liS if the rider(s) were a part of this Security
<br />Instrument. [Check applicable boll(S))
<br />o Adjuslable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
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<br />o Gl'lIdualed Payment Rider
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<br />o Planned Unit Development Rider
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<br />o Other(s) [specify) Acknolllledgment
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<br />By SIONING BELOW, Borrower accepts and a.rees to the terms and covenanls contained in this Security
<br />Instrument and in any rider(s) ellecuted by Borrower and recorded with it.
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<br />
<br />Ted L. Merithew -aorr-
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<br />~{n0Jt.4,,~~,~u.u.~...,(Seal)
<br />Ma~y r41en Merithew ~
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<br />STATE OF NEBRASKA,
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<br />Hall
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<br />County ss:
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<br />On this 1st day of Ju"e . 19 88 , before me, the undersigned. a Notary Public
<br />duly commissioned and qualified for said county. personally came Ted L. Merithew and
<br />Mary Ellen Merithew. Husband and Wife . to me known to be the
<br />identical person(s) whose nameh) are subscribed 10 lhe foregoing instrument and acknowledged the execution
<br />thereof to be their voluntary act and deed,
<br />Witness my hand and notarial seal ai Crand 151 and, Nebraska in said county, the
<br />date aforesaid.
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<br />My Commission ellpires:
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<br />~Y',' If r... lIf. lilt al.
<br />To TrUlS-rEE:
<br />The under,il.lned j, the holder ",r thc notc or nole, ,c(ured by Itm Decd 01 Tru,' Said nOle or notc" lO!lI:lhn
<br />"'.'th all other Indebledne" ,cclued by Ihis Deed 01 Tru'I, ha\'c he~n rrlld ,n lull You arc hrretJ\ dlln'tl'd to LanL'l'1 '1\1d
<br />nole or note\ and thl\ Deed of Trml. whIch are delivered hereby, .tnd In rC(Ol"ey, "Ithout "arran\\' , "lIlhe ,.'talc
<br />110," held by you under II", Oeed of TrU\110 the perron (If pe"on\' le!lall\ entllled Iheretn
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<br />Not.1r) Public
<br />REQUEST FOR RECONVEYANCE
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<br />Oute
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