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<br />1► the power of sale is intuited, Trustee sun.'t+bcord a tltot"'ICe;of+tkfstii eaci''aoaanty in 111 r1 arty pure of the
<br />Prapert. y is located =0 shall mail copks of tracts notiice "ll i the staatter pt �xrlbed by ttppllkabk` taw tw'so rower sod W the
<br />other persons prescribed by applRmble law. After, the time re4ulredd by ie plic le Isw, Trp W ee.shall give rvMk`nodee of
<br />smile to the persons and in the arr,;asner pzateribed by, *Wicabk ittw: Tiiasttte without detaaag an Borawa , sell the
<br />Property at pablic auction to the higbest bkkk -r at the time aed plaee end ttadeir Cbe ternnii'desigeatted is the notim of oak In
<br />one or more pareels and in any order Trustee determium TnWn may paattpoue trade of all or any pated of the Properrty! by
<br />public: announcement at the tithe and Plate of any, previously scbedakd sale. I&n* or its designee may pu rcttase'the
<br />Property st any sale.
<br />Upon receipt of payment of the price bid, Trustw shalt deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prfam facie evidence of the truth of the statements made therein.
<br />Trustee spudl apply the proceeds of the sale in the following order. (a) to all expeasm of the sak, including, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) ?.o all spams secured by this Sscadty
<br />Instrumtrtt; and (c) any execs to the person or persons legally entitled to it..
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or aNandonm ..it of the Property, Lender (in
<br />person, by agent or by judicially appointed receiver) ;hall be entitled to enter upon, take pm4cs�ion of and rianage 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 payrrrvtt of the costs of manag. ment 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, Under 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, Truster, shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or pe -sons shall pay any recordation costs.
<br />22, Substitute' Trustee. Lender, at its option, may from time to time remc,ve Trustec and appoint a successor trustee
<br />to any 'Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is tecorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all At title, ,power and duties conferv%d upon
<br />Trustee herein and by avviicable law.
<br />23. R -quest fcr Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's ad-
<br />dress whiLh is the Property Address. "Borrower furiher requests that copies of the nctices of default and sale be person
<br />set forth hc:ein ",
<br />24, hiders to this Security irstrurnent. If one or more riders are executed by Borrower and recorded together wit'
<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 pan -r this Security
<br />Instrument. [Check applicable box(es))
<br />r7 Adjustabie Rate Rider 7 Condominium Bider [] 2-4 Family Rider
<br />LJ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ Other(s) [specify)
<br />Bv SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any ridcr(s) executed by Borrower and recorded with it.
<br />I'lichael L. nderson Eareowe� R ecca . A.ndurson -4kwm.
<br />-( Seal) dseal)
<br />ftfovrer awrower
<br />ACKNOWLEDGMENT
<br />I /Wc. Michael L. Anderson & Rebecca K. Anderson, , ( "'irttstor "), un4cr that certain Deed of Trust dated
<br />Husband & Wife t'''De:d of Trust ") to be entered into
<br />amoung Trustor. 1,ryers 'Title Tnsurance Cotporation
<br />( "Truster,") and Central Mortgage Corporation
<br />( "Beneficiary ") covering the following described property:
<br />LEGA.•., UDEI_�CRIPTiON: Lot Six (6), in Block One (1), in Capital Heights Second S.rlidivision, in the
<br />City of Grand Island, Hall County, Nebraska
<br />hereby ackowicdgc that it is understcod that (a) the Deed of Trust to be executed by Trustor is a trust 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 obligations
<br />to the Trustor than a mortgage in the event of a default of breach of obligation.
<br />T'rmtor Acknowledges that this Acknowledgment was tna(.le prior to the execution of the Deed of Truv.
<br />Executed and delivered this 8th
<br />!hate of Nebraska 1
<br />A
<br />County of Hall )
<br />day of July
<br />Trustor Michael L. Anderson
<br />'1'r cur Rebr.ccn An er:ton
<br />,1988
<br />(hc IprcRUint; insrrumem was acknowledged before rite this 5th day of, July
<br />,19 yg by Michael. I.. Anderson f. lte.berra K. Anderson, Husband
<br />Wife
<br />Xitnrss my hand and notarial !,cal at Grant! Island in said County, the (late aforesaid.
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