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<br />, 88- 104020
<br />NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. AeceleratloD; RemedJeL Leader IlhaIlRi,e notice to Borrower prior to ac:eeIeradollloUowiq Borrower'a
<br />breach 01 aDY coveDlDt or....-eat ill tbla SeearitJ IJlltrummt (but not prior to acceleration wuIer ............. 13 and 17
<br />IUII_ applicable law prondel odterwlle). ne notice sbaIIl)IeclIy: (a) the default; (b) the action reqlllnd to care the
<br />default; (c) a date. not leu tIwt 30 daJlllrom the date the notice is Rifen to Borrower, by which the default mlllt 1:e cured;
<br />and (d) that r.nare to care the default on or before the lL1te .pedfted ill the notice may rault ill acceleration ,of, the IUIDI
<br />IeCIIred by thll SeearitJ lJIItrument aDd laIe of the Property. ne notice sbalI fUrther falorai Borrower of theriabt to
<br />reiDltate after aeeeleratlon aDd the rlgbt to bring a court action to IIIIert the non-exilteDceof a default or any other
<br />deIeue of Borrower to acceleration aDd sale. If the defauJt II not cured on or before the date lpedfted ill the DOtIce,LCader
<br />at i.. optloa may require fmmr.dlate payment in lull of aIIswu secured by tbla SecuritJ Iastnuaeat without fW1her
<br />demand and may invoke the power of sale 8/Jd any other remediel permitRd by applicable law. Leader sbaII be eutltled to
<br />coUec:t all upeDIeI iIu:urred in plll'ltllng the remedies provided in tbla paragrapb 19, iIIclucllollt but not '1iDIited to,
<br />rasoaable attoraey.'lees and COlts of title endeace.
<br />If the power of ale il iIIvoked, Trustee IIhaII record a notice of default in elIdI COIUItJ in wldch any part of the
<br />Property illoeated and IIhaII mall copiel of such notice in the lIULD1Ier prescribed by applicable law to Borrower aDd to the
<br />other persoDl prescribed by applicable law. After the time required by applicable Jaw. TI'UItee IIhaII give pubUc aotIce of
<br />ale to the persoDl and ill the lIULD1Ier prescribed by applicable Jaw, Trustee. without dellWld on Borrower, sbaII seU the
<br />Property at public: auction to the highest bidder at the time and place and under the terms deslpated in the notice oll8le in
<br />ODe or more parcell and in any order Trustee determilles. Trustee may postpone sale of all or any pafcel of the Property by
<br />public announcement at the time and place of any preriously scbeduled sale. Lender or ils deslllDee may )IllJ'ehase 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. ne reeilllls in the Trustee's deed shall be prima facie evidence of tbe truth of the statemen" made therein.
<br />Trustee sbaII apply the proceeds of the ale in the following order: (a) to all expenses of the sale, iDc:ludiDg, but not Umited
<br />to. Tnmee's fees U permitted by applicable Jaw and reasonable attorneys' fees; (b) to a111UD1S secured by tbla Security
<br />IDltrameat; and (c) any excea to the person or persons legally entitled to iL
<br />20. wder In P.osseuion. 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 collcction 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 />
<br />21. Recoaveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey tbe Property and shall surrender this Security instrument 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 Trastee. 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 tbe Property, the successor trustee shall succeed to all the title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />
<br />23. ReqDelt for Notices. Borrower requests tbat copies of the notices of default and sale be sent to Borrower's
<br />address which is tbe Property Address.
<br />
<br />]4. Riden to tbla SeearitJ lastrumeat. If one or more riders are executed by Borrower and recorded togetber 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 boxes)]
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Planned Unit Development Rider
<br />
<br />00 Other(s) [specify] ACKNOWLEDGMENT
<br />By SIGNING BELOW, Borrower accepts and agrees ~~ ~i9rms and covenants contained in this Security
<br />
<br />I=':~~:=(')==b'=.:~~~~~
<br />
<br />...,......,............................................,.........,.""'.....".."...,, ~L~~\3~~~~L-...,--......~
<br />
<br />STATE OF NEBRASKA,
<br />
<br />HALL
<br />
<br />County ss:
<br />
<br />On this 6TH day of JUL Y , 19 88
<br />duly commissioned and qualified for said county, personally came
<br />PHYLLIS M. SPANEL HUSBAND AND WIFE
<br />identical person(s) whose narne(s) arc subscribed to the foregoing inslrument
<br />thereof to be THEIR voluntary act and deed.
<br />Witness my hand and notarial seal at GRAND ISLAND, NEBRSAKA
<br />date aforesaid.
<br />
<br />, before me, the undersigned, a NOlary Public
<br />ROBERT W. SPANEL AND
<br />, to me known to be lhe
<br />and acknowledged Ihe execution
<br />
<br />in said county, lhe
<br />
<br />M'ctL~=l ~.'Lt;"~j...
<br />
<br />... ....... lIIl Nman Puhlt.
<br />, .... - - EQUEST FOR RECONVEYANCE '
<br />
<br />To TRUSTEE:
<br />The undersigned is the holder of Ihe note or notc, ,ecured by Ihis Deed of Trust. Sal<l nOle or nOles, ll1gl'lhcr
<br />",ilh all olher indebledness secured b)' I hi, Deed of TrUSl, has e been paId In t ull. Y l1U are hereb\ JlTl"ll'd I" "an(l'1 'did
<br />nOle or notes and this Deed of Trust, which !Ire delivered hereb~, and 1\1 re(On'c\. "lIholll """"nl\, allll1l' \"'1.11\'
<br />now held by you under Ihis Deed of Trus' to Ihe penon or pCI\on\ Je~all, cnlllled lhereltl
<br />
<br />Dale:
<br />
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