|
<br />88-104168
<br />
<br />NON-UNtFORM COVENANTS. Borrower and Lender furrher covenam and agree as follows
<br />19. Ac<:eleration; Remedies. Lender shall give noti<:e to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13and
<br />17 unlesSIIpplicable 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 result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property, The notice shall further inform Borrower of the
<br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any
<br />other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br />Lender at its o:rtion may require immediate payment in full of all sums secured by this Security Instrument without
<br />further deman and may invoke the power of sale and any other remedies permiued by applicable law. Lender shall be
<br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not
<br />limited to, reasonable auorneys' fees and costs of tide evidence.
<br />If the power of sale is inyoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is 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 applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner presnibed.by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale
<br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property
<br />by 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 />Propeny, The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements 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
<br />limited to, Trustee's fees lIS permiued by applicable law and reasonable allorneys' fees; (b) to all sums secured by this
<br />Security Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon a((eleration under paragraph 19 or abandonmem of lhe Prorerry, Lender (in
<br />person, by agem or by judicially appoimed receiver) shall be enlilled 10 emer upon, lake possession 0 and manage the
<br />Properly and 10 colleC[ rhe reOls of I he ProperlY including lhose pasl due. Any rems collecled by Lender or lhe receiver shall
<br />be applied first to paymem of lhe COSlS 01 managemem olthe Properry and collecrion of rems, including, bur not limited 10,
<br />receiver's fees, premiums on receiver's bonds and reasonable a[[orneys' fees, and lhen 10 lhe sums secured by this Securiry
<br />Instrumem.
<br />21. Reconveyance. Upon paymem of all sums secured by lhis SecurilY Instrumem. Lender shall request Truslee ro
<br />reconvey the Properry and shall surrender this Securiry Instrumem and all nOles evidencing deb I secmed by this Securiry
<br />InsrrumeOllo Truslee. Truslee shall reconvey the ProperlY WilhoUl warraOlY and WilhoUl charge 10 the person or persons
<br />legally eOlitled to it. Such person or persons shall pay any recordalion COSlS.
<br />22. Substitute Trustee. Lender, al ilS oplion, may from rime to lime remove Trustee and applliOl a successor rrustee
<br />10 any Trustee appoimed hereunder by an inslrumeOl recorded in Ihe counry in which this SecurilY InsrrumeOl is recorded.
<br />Withoul conveyance of lhe Propeny, Ihe successor lrUSlee shall succeed 10 alllhe lirle, power and duties conferred upon
<br />Trustee herein and by appticable law.
<br />23. R~ueSl for Notices. Borrower requesls that copies of the nm ices of default and sale be seOl 10 Borrower's
<br />address which IS the Propeny Address. Borrower funher requesls lhal copies of I he nOlices of defaulr and sale be seOlto each
<br />JX'rson who is a party herem al lhe address of such person sel forth herein.
<br />24. Riders to this Security Instrument. If one or more riders are exe.:uled by Borrower and recorded mgether wilh
<br />this Security Instrument. lhe wvenants and agreemenrs of each such rider shall be incurporaled inrn and shall amend and
<br />supplemeOl the covenams and agreemenrs uf Ihis SecurilY Ins(rumem as if the rider I s) lIo'ere a parr of lhis Security
<br />Instrument. (Check applicable box(es).1
<br />
<br />o Adjustable Rale Rider
<br />o Graduated Payment Rider
<br />DOther(s) [sJX'cifYI
<br />
<br />o Condominium Rider
<br />o Planned Unil Developmem RIl.!er
<br />
<br />o 2-4 Family Rider
<br />
<br />BY SIGNING BELOW, Borruwer a"epls and agrees III rhe (eflm JOd LUvenams cumained in lhis SecurilY
<br />Inslrumem and in any ridensl execuled by Borrower and recurded wilh II
<br />
<br />~..l1tmd~.~.....,......ISeal)
<br />
<br />Ronald W. Beck -Borrower
<br />
<br />?l:,~,...~...~..,.,...... (Se~I)
<br />Betty L€}Beck -Borrower
<br />
<br />ISpace Below Thi. Un_ For Acknowl.dgrnent]
<br />
<br />STATE OF NEBRASKA,
<br />
<br />Hall
<br />
<br />Counl}' "
<br />
<br />O h' 25th d' f July I') 88 ...../ . . I. d. .d N' P bl.'
<br />n t 15 a................. ay u .................. . . . . '. .1\: lJre: nu;, I It un tr~llotnc . a uta~ U Il
<br />d I .. d d I'f' d f .'d ,II '. . Ronald W. Beck and Betty L. Beck
<br />u y commlSSlone an lua I Ie or sal coumy, pc:rsona y lame .,.,.,...,.,.".",.,...,.". ..,..,.,.. I.., . ,
<br />.. A4lJ~PA4. ,,,$!. ."'~. .e. , . .. ..... , . . , . , . , .. . , . , , , . , .. , . , . . . , . , . , . . . , . . . . . . . . , . . ., .10 me knuwn III be Ihe
<br />
<br />idel1tical person(s) w1t~~~r~me(s) are subscribed IU lhe foregoin/! inSllumem and ulknowil'dJo:l'd rill' l'XeUllltln thl'reof III be
<br />
<br />, . , . . . , . , . . . , . , . . , . . . , . . . . , . . . , . . .. volu ma ry act a nd deed.
<br />Wilness my hanJ and nutarial seal or '" ~li~~!3. .~l;I~!I."~,. ~.... . ... .. ... . ... .. .. III s"ld llIUl1lj', rhe dale
<br />aforesaid.
<br />
<br />OM\. GARY...... " .....
<br />_ f OSTERIIM
<br />., r.-. ErJ. .... .. ,.
<br />
<br />...........Q~..'k..~.........
<br />
<br />NoulrV PubliC
<br />
<br />My Cummission expires: March 10, 1990
<br />
|