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<br />NON-UNIFORM CoVENANTS. Borrower and Lender further covenant and agree as follows: - 1 0 4 3 2 5
<br />19, Acc:ebatlon; Remedies. Leader shill IIhe DOtlce to Borrower prior to ac:c:eleratlon fonowlng Bcrrower's
<br />breKh of any COl'eDlIIIt or apeemeut In this Seeurlty IDStnuneut (but Dot prior to IU:Celeratlon under JIlU'IIIP'IPbs 13 and 17
<br />unl_ applicable law proYides l)thenrlse). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date. not 1_ tIum 30 da)'S from the date the notice is pun to Borrower, by wbleb the default must be cUred;
<br />ud (d) that failure to CIII'e the default on or berore the date &peclfted in the notice _y result in IU:Celeratlon of the awns
<br />secured by this Seeurlty Inatrument and we of the Property. The notice shill further inform Borrower of the right to
<br />reinstate aI'Ier lICc:eIeratioD and the right to bring a court action to assert the non.uistence of a default or any otiler
<br />defeuse of Borrower to lICc:eIeratlon and we-If the default is not cured on or before the date spedfted In the notice, Lender
<br />at ita option may require immediate payment In fuJ) of all sums secured by this Security Instrument without further
<br />denwuJ and may 1n1'0ke the power of we ad any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all upenses incurred in punulng the remedies proYided In this paragraph 19, including, but not limited to,
<br />reasoilable attomeys' fees and costs of title el'ldence.
<br />If the power of sale is inl'oked, Trustee shill record a notice of default in each county in which any part of the
<br />Property is located and shall mall copies of sueb 1Iotlce iD the manner prescribed by appllcahle law to Borrower and to the
<br />other penons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />we to the penDns and In the manner prescribed by applicable law. Tmstee, without demand on'Borrower, shall sell the
<br />Property at pubUc auction to the highest bidder at the time and place and under the terms designated iD the notice of sale in
<br />one or more parcels ODd iD lUly order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place of any preYiously scheduled sale. Lender or Its deslllDee 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 />Property, The recitals iD the Tmstee'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 limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attomeys' fees; (b) to all sums secured by this Security
<br />Instrument; and (c) any excess to the penon or penons legally entitled to it.
<br />20, Lender In Possession. 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 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, 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 thai copies of the notices of default and sale be sent to Borrower's address
<br />which is the Propeny Address, Borrower further requests that copies of the notice of default and notice of sale be senl to each
<br />person who is a party hereto at the address of such person set fonh herein.
<br />
<br />24, Riden to tbls Security Instrument, 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 />
<br />o Adjustable Rate Rider
<br />
<br />D Graduated Payment Rider
<br />
<br />D Other(s) [specify]
<br />
<br />D Condominium Rider
<br />D Planned Unit Development Rider
<br />
<br />o 2-4 Family Rider
<br />
<br />By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and ill any rider(s) executed by Borrower and recorded with it.
<br />
<br />..,.1J1..~~..,~.,..""""",..,..,..(seal)
<br />
<br />Michael W. Launer -Borrowe,
<br />
<br />.~,~~~:.~~~.,.....,(Seal)
<br />. ....1J -Borrower
<br />STATE OF NEBIlABKA..........................HalL......................~~.~.~~:~.~?.aciun~ui~r
<br />On this .............I}JJL...n. day of nmm~'.:!S~~.;m...., 19.~~..., before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came ...._....................n.............nn.............n.........
<br />Ml9.g!.~.LW.~.)~~!!E-.~_!-:..~E:~...~~.~_~~;r:~.l?:~..:!.~...~~~E-.~.~!...E-E:~~~E-.~...~~..!.~.~~!..............., to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execu-
<br />tion thereof to be ....:thair._........................................................................m voluntary act and deed.
<br />Witness my hand and notarial seal at ............................~.:.~~~..E~.~~~~.....nn.......n...... in said county, the
<br />date afol.'esaid.
<br />M C " . ~GENERAL NOTARY-SI....I N.b'....
<br />Y olllDllllS1on expl1'eS MARILYN J. BECKMAtj
<br />.. . ,.. My Comm. Exp. ,::'.::.~~.
<br />
<br />
<br />........... ~~~~...........
<br />
<br />Weare an Equal Employment Opportunity / Ailinnative Action Employer M/F.
<br />
<br />IlIpK. _w this line FOf' Acknowledlfllenl)
<br />
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