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<br />88-104307
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<br />NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breacb ohny covenant or alll'Hment in this Security Instrument (but not prior to acceleration under paragrapbs 13 and 17
<br />unless applicable law provides otherwise). The notice shall "pecify: (a) tbe default; (b) tbe action required to cure tbe
<br />default; (c) a date, not less than 30 days from the elate tbe notice is glven to Borrower, by wbieb tbe 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 a~celeration of the sums
<br />secured by thII Security Instrument and sale of the Property. The notice sball furtber inform Borrower of the right to
<br />reinstate after acceleration and the right to briag a court action to assert tbe non-exlstence of a default or any other
<br />defense of Borrower to acceleration and sale. Hthe default is not cured on or before the date specified in tbe notice, Lender
<br />at its option may require immediate payment in full of all sums secured by this Security Instrument witbout further
<br />demand and may invoke the power of sale and any other remedlet permitted by applicable law. Lender sball be entitled to
<br />collect all expeoset incl1lTed in pursuing the remedies provided in this paragrapb 19, including, but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee sball record a notice of default in eacb county in wbicb any part of tbe
<br />Property is located and sball mail copiet of sucb notice in tbe manner prescribed by applicable law to Borrower and to tbe
<br />otber pel'llllOS prescribed by applicable law. After the time required by applicable law, Trustee shallglve public notice Df
<br />sale to the persons and in tbe manner prescribed by applicable law. Trustee, without demand on.Borrower, sball sell the
<br />Property at public auction to tbe highest bidder at the time and place and under the terms 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 any Pl:Ucel of the Property by
<br />public announcement at the time and place of any previously scbeduled sale. Lender or its designee may purcbase tbe
<br />Property at any sale.
<br />Upon receipt of payment of tbe 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 statements made tberein.
<br />Trustee sball apply tbe proceeds of tbe 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 (c) any ellCess to the person or persons legally entitled to it.
<br />20. Lender in Bossession. 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 collection of rents, including. but not
<br />limited to, receiver's fees, premiums 011 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 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 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 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 Instrl1ment, 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 />00 Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />!Xl Other(s) [specify] Acknowledgement
<br />By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />
<br />:~=:'.='n=')='=~=:=o~~~,~~~
<br />
<br />m......................m......mm...m............Ly;;~~'i;;;~~........Il.......(.:~~
<br />
<br />STATE OF NEBRASKA.
<br />
<br />Hall
<br />
<br />County S5:
<br />
<br />On this 5th day of August , ]9 88
<br />duly commissioned and qualified for said county, personally came
<br />husband and wif~
<br />identical person(s) whose name(s) are subscribed to the Foregoing
<br />thereof to be their voluntary act and deed,
<br />Witness my hand and notarial seal al Grand Island
<br />date aforesaid,
<br />
<br />. before me, the undersigned, a Notary Public
<br />Gary W. Raaberg and Lynn Raaberg,
<br />, to me known to be the
<br />instrument and acknowledged the execution
<br />
<br />in said county, the
<br />
<br />MyC m
<br />
<br />~IIlUIIM."'"
<br />MA~GAm..1IILLON
<br />.., CoII\lII. (JJ. ;;;e.. 1992
<br />
<br />ll-fl.;<",/~{'...I) '."
<br />'I) /i/U/{ .I' " ((..' I)
<br />" . .. r' .. 'r . . , :', . . , . . . ,', . . . , ., ~ : ' : .'. , ,", , , , ~-: . , , , , . , , , , , ,
<br />......1- NOlary Publll:
<br />REQUEST FOR REy.'NVEY ANCE
<br />
<br />To TRUSTEE:
<br />The undersigned is the holder of the note or nolcs securcd by this Decd of Trusl. SaId ~llle or nules, tugelher
<br />with all other indebtedness secured by this Deed oFTrust. have been paid in full. You are hrreb~ <.Jirl'c!ed lu ,'HI"',", said
<br />note or noles and Ihis Deed of Trust. which arc delivercd hercby. and to rcwnsey, withoul warrants, alllhe <"'1011<"
<br />now hdd by you und~r this Decd of Trust to the person or persom legalis entllled !hnl'li\
<br />
<br />Date
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