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<br />88- 103670
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<br />NON, UNIFORM COVENANTS, Borrower and Lender further covenant and agree as foIlows:
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleratfon following Borrower's
<br />hreach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified in the notice may resuft in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a defalllt or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate payment in full of ail sl'ms secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided In this paragraph 19, Including; but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property fs located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by appllcabie law. After the time required by applicable faw, Trustee shall give public notice of
<br />safe to the persons and in the manner prescrihed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at puhllc auction to the highest bidder at the time and place and under the terms desfgnated 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 the Property by
<br />public announcement 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 the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statemena made therein.
<br />Trustee shall apply the proceeds of the sale in the 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 all sums secured by this Security
<br />Instrument; and (d any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person. by agent or by judiciaIly appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br />Property and to coIlect the ,rents of the Property including those past due. Any rents coIlected by Lender or the receiver
<br />shaIl 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 this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shaIl reconvey the Property without warranty and without charge to the person or persons
<br />fegally entitled to it. Such person or persons shall pay any recordation costs.
<br />22. Substftute Trustee. Lender, at its option, may from lime 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 shaIl 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 shaIl 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 appIicabfe box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
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<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />IX] Other(s) [specify]
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<br />BY StGNING BELOW, Borrower accepts and agrees
<br />Instrument and in any rider(s) executed by Borrower and reco
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<br />in this Security
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<br />STATE OF NEBRASKA,
<br />
<br />Hall
<br />
<br />Counly ss:
<br />
<br />On this 7th day of July ,1988 , before me, lhe undersigned, a NOlary Publk
<br />duly commissioned and qualified for said county, personally came Larry E. Royle and Cee i1 ia B. Royle
<br />each in hi.s and her own right, and as spouee of each other ,10 me known 10 be the
<br />identical person(s) whose name(s) are subscribed 10 the foregoing inslrul11enl llnd ackllowledged the execution
<br />thereof to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island N braska
<br />date aforesaid. '
<br />
<br />My Commission expires:o/'-/-J'!
<br />._ IlTMY.staIt 11 .....
<br />"Oy ... .UZ~I
<br />.. EIp. s.pt. t-
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<br />To TRUSTEE:
<br />The undersigned Is the holder of Ihe note or noles seL'ured by this Deed of Trust. Said !lole or Ill1tL", 10gL,thL'1
<br />with all other indebtedness secured by this Deed of' Trust, have bl:en paid iu 1'1111. YOIIIII'L' hereby L1irCL'tL'" tOl'lIl1l'el slIid
<br />note or notes and this Deed of Trust, which arc delivered herebv, and 10 I'L'COIIIL'V, wilhoul WlIrral1t\', IIlIlhe L'sIIlIL'
<br />now held by you under this Deed of' TrUSI 10 111l' pl:rsnn or Pl.!'.,'Ol1S legally L'lIlille'" thL'rL'lo, '
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<br />
<br />Dille;
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