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<br />~ 1&-..103531
<br />
<br />-R
<br />
<br />If the powtr of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mall copies of suth 1I0tice in the manner prescribed by applicable law to Borrower and to the
<br />other 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 Borro\\'er, shall sell the
<br />Property at public auction to the blgbest"bidder at tbe time and place and under the terms designated in the nolice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel or"the Property by
<br />public announ!:ement at the time and place of any previously scheduled sale, Lender or its designee may purchase the
<br />'Property at any sale.
<br />" . .upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying tbe
<br />ProPertY, The recitals in tbe Trustee's deed sball be prima facie evidence of tbe trutb of tbe statements made therein.
<br />Truitee slulJl apply the proceeds of tbe sale in the following order: (a) to all expenses of tbe sale, including, but not limited
<br />"to, Tnistee'sfees as pennlttedby applicable law and reasoRable attorneys' fees; (b) to all sums secured by this Security
<br />Illstrument; lind (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of Ihe Property, Lender (in
<br />person. by agent or by judicially appointed receiver) shall t>e entitled 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 collecled by Lender or the receiver
<br />shall be applied firsl 10 payment of the costs of management of the Property and collection of rents, including, but not
<br />Iimiled 10, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and Ihen to the sums secured by
<br />this Security Instrument,
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />" reconvey the Property and shall surrender Ihis Securily Instrument and all noles evidencing debl Secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property withoul warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation cosls,
<br />22. Substitute Trustee. Lender. at its option, may from time to time remove Trustee and appoint a successor trustee
<br />10 any Trustee appointed hereunder by an instrument recorded in the county in which this SecurilY Instrument is recorded,
<br />Without conveyance of the Property, the successor trustee shall succeed to alllhe lille, 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 defaull and sale be sent to Borrower's ad-
<br />dress which is the Property Address, "Borrower further requests that copies of the notices of default and sale be person
<br />set forth herein,"
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br />....J this Securily 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 Ihe 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 />o Gradualed Payment Rider 0 Planned Unit Development Rider
<br />o Olher(s) [specify]
<br />
<br />BY SIGNING BELOW. Borrower accepts and agrees 10 the lerms and covenants conlained in
<br />
<br />
<br />'m.m ....a"~rob' .."~a,"d",","~~~
<br />(Seal I ~ 'l, :;-
<br />
<br />IIETEIlIiEII ,E!Ortower
<br />
<br />this Security
<br />
<br />
<br />(Seal)
<br />--liD=-
<br />
<br />(Seal I
<br />.Borrower
<br />
<br />{Seal)
<br />-8orrowe<
<br />
<br />ACKNOWLEDGMENT
<br />
<br />I/We, UIlRY A. IIETEIlIiEII milIARY KIlYE IISIIEY
<br />J.. 30 tII, 19 18
<br />amoung Trustor, LAIlYERS TITLE II1S11lA11CE CIIlIIORATIlII
<br />("Trustee") and CEIlTIIAI. IIIlTGAliE IDlPIIIATIIII, 36aOO 6IlATlOT, lIT. 11EIlEKS, "I 41043
<br />("Beneficiary") covering the following described property:
<br />
<br />, ("Trustor"), under that certain Deed of Trust daled
<br />, ("Deed of Trusl") to be entered into
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />See Fl'DDt Plll
<br />
<br />hereby ackowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trusl deed and nOl a mor-
<br />tgage and (b) the power of sale provided for in Ihe Deed of TrUSI provides sub~1antially different rights and obligations
<br />to the Trustor lhan a mortgage in the event of a default of breach of obligation,
<br />
<br />TrUSlor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust.
<br />
<br />Executed and delivered lhis
<br />
<br />30 tII
<br />
<br />day of
<br />
<br />
<br />Stale or Nebraska
<br />
<br />County of
<br />
<br />Hall
<br />
<br />)
<br />lSH.
<br />I
<br />
<br />The foregoing instrument was acknowledged before me this
<br />June ,19 88 . by Larry A.
<br />and Mary Kay Usrey. A single
<br />Wilness m} hand and notarial seal at Grand Island
<br />
<br />30th day of.
<br />-Petersen, A single person
<br />persiiln
<br />
<br />in said County, Ihe dale aforesaid,
<br />
<br />
<br />~-'h."< _ IP.. -l
<br />
<br />ot .' Public ~
<br />
<br />J
<br />
<br />My commission expires:
<br />
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