|
<br />. 88-104232
<br />.NON-VNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Ac:cejeraUon; Remedies. Leader shall &lye notice to Borrower prior to acceleration foUowing Borrower's
<br />breacb of lilY connant or qreemeat in this Security Instrument (but not prior to acceleration WIder paragrapbl13 and 17
<br />UDlesa appUcabloe law prorides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (e) a date, aoUeu tIwl30 daya from the date the notice is IPl'en to Borrower, by which the default must be cured;
<br />and (d) dlat failure to cue the default on or before the date specified in the notice may result in acceleration of the SUIIII
<br />lIKured by this Security IDltrument and sale of tbe Property. The notice sbaU further inform Borrower of the ript to
<br />relllltate after acceleration IIId the right to bring a court action to auert the non-existeJlce of a default or any other
<br />defense of Borrower to acceleratiGn and sale. Hthe defcult is Dot cured cn or before the date specified in the aotice, Lender
<br />at ils option may require immediate payment in full of all SUIIII IIeClII'eCl by this Security lutrument without further
<br />demand aIId may inl'oke the power of sale aIId allY other remedies permitted by applicable law. Lender shall be entitled to
<br />coUect aU spenses inc:urred in punulng the remedies proYided in tbil paragraph 19, including, but Dot Umited to,
<br />reasonable attorneys' fees IIId COIls of tide eridence.
<br />H the power of sale is inl'oked, Tl'IIStee sbaU record a Dotice of default in each COUIlty in which any part of the
<br />Property is located and shall mail copies of such notice in tile maDDer prescn'bed by applicable law to Borrower and to the
<br />other person prescribed by applicable law. After the time required by applicable law, Trustee sball gil'e public notice of
<br />sale to the person and in the manner prescribed by applicable law. Trustee,1rithout demand on Borrower, sball seD the
<br />Property at public auction to the highest bidder at the time and place and under the tenlll designated in tbe notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or allY parcel of the Property by
<br />public announcement at the time and place of any previously scbeduled sale. Lender or its designee may purchase the
<br />Property at allY sale.
<br />Upon receipt of payment of the price bid, Tl'IIStee sball deliver to the purchaser Trustee's deed conveymg ~e
<br />Property. The recitals in the Trustee's deed sball be prima facie eridence of the truth of the statements made therein.
<br />Tl'IIStee sIIall apply the proceeds of the sale in the foUowinl order: (I) to all expenses of the sale, indudiDs, but IlOt limited
<br />to, Tmstee's fees as permitted by applicable law and IUIOnable attorneys' fees; (b) to all SUIlUI RCUred by this Security
<br />Instrument; and (c) any eJ:c:ess to the person or persons leplly entided to it.
<br />ZOo Lender in p'OSItIIion, Upon acceleration under paragraph 19 or abandonmenl 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 ane! to collect Ihe rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first 10 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 />Zt. Reeonnyanc:e. 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 debl secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the ProFerIy 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 Trustee. 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 the Property, the successor trustee shall 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 defaull and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riden to this Sec:urity IatrumenL 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 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 box(es)]
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Planned Unit Developmcnl Rider
<br />
<br />~ Othc:r(s) [specify) Acknowledgement
<br />
<br />BY SIGNING BELO...... Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any ridc:r(s) executed by Borrower and recorded with it.
<br />C .' . -----, .
<br />"' ~ '
<br />..............................,......,......',......,......,......",...,..,......,.....:::,~~~i"~J::,:...;d~,::d~.......~
<br />
<br />......,.., ...........(Seal)
<br />~
<br />
<br />51 ATE OF NEBRASKA.
<br />
<br />Hall
<br />
<br />Coumy 55:
<br />
<br />On this 1 st day of August ,19 88 , before me. the undersigned. a Notary Public
<br />dulycomminionedandqualificdforsaidcounlY, personally came Sally J. Linden, a single
<br />person ----------------------------..------------------------ .10 me known to be the
<br />
<br />idenlical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the el;eCUlion
<br />thereof to be her volunlary act and deed,
<br />Witness my hand and notarial seal al Grand Island, Nebraska in said coumy. Ihe
<br />date aforesaid.
<br />
<br />My Commission expires
<br />
<br />
<br />I '"".
<br />{ .(t"-)'!C-~n
<br />
<br />
<br />~otBn Public
<br />ECONVEYANCE
<br />
<br />To TRUSTEE:
<br />
<br />The underSigned i~ the holder 01 thr nolr or nole' 'ecured l1y Ih" Deed of Trllsl. S!!.d 01'1(' ('r OI'IC'. "'~('lhl'I
<br />wllh all other IDdebledne" ,ecured 11\ Ihl' U\'e.J 1" 11U'I, 11II\e heen raid ,n full Y,'u are herel" dll"dl'J I" ,'alhl'1 <a,d
<br />nole or nOIC" IInd Ih" D"ed of TIU\I, "llId, a 1(' drll\eled h('rd", and II' r",,'n' n. "'I h"111 "a" anll. ,III I he <",,,I,
<br />no" hdd by you under Ihl' De"d 0' 1,11<, ,,, I he ['('""n I" ['('I ;"," le~all\ enll,I('J I h,', 01 "
<br />
<br />Date
<br />
|