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RE.RECORDED 88- 104633 88- 104163 Ir the po..er of s.le Is In.oked, Trnstee sh.n record a notice of defaull in each eounty In which any parI of the Propert). is located .nd sh.n m.lI copies of such nollee In the m.nner prescribed by applicable la.. to Oorro..er and 10 tho olber persons prescribed by .pplie.bl. I.... Aft.r Ih. 11m. requlr.d by applleable law, Truslee shall gl.. puhll. notl.e of s.l. to the persons .nd In the m.nn.r prescribed by .ppli..bl. I.... Trnstee, ..Uhout d.mand on Oorro...r, shan s.n the Properly .t publl. au.lIon to the highest bldd.r.1 the time and pla.e and under the lerms designated In Ihe notice ofsale in one or more par.el. and in any order Trustee d.termines. Trnstee may postpone sale of an or any p.re.1 or'th. Prop.rty by public announe.m.nt .t the time and pl..e of any pre.lously schedul.d sale. L.nd.r or Its d.sign.e may pur.has. th. Property at any sale. Upon receipt of p.ym.nt of the pric. bid, Trustee shan d.II..r to the pur.has.r Trustee's deed .on..ylng Ih. Property. The reelbls in the Trustee's deed shall be prima faele e.id.n.e of the truth of the statements made th.reln. Truslee shall apply Ihe proceeds of the sale in Ihe followIng ord.r: (a) 10 an e.pens.s of the sale, Ineludlng, but not limited to, Trustee's fees as permitted by applie.ble la.. and reasonable allorneys' f..s; (h) to an sums secured by this Seenrlty Instrumenl; and C.l any...... to the person or persons legally entill.d 10 II. 20. Lender in Possession. Upoll acc.leration under paragraph 19 or ahandonmenl of Ihe Property. Lender (in persall. by ageOl or hy judiciany appointed receiver) shall be entitled to enler upon. lake possession of and manage the Property and 10 collect the rents of Ihe Property illcluding those past due. Any rents eolleeted hy Lellder or the receiver shall be applied first to payment of the costs of management of the Property and colleclilln of rellts. illcluding. but not limited to. receiver's fees. premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reconl'eyance. Upon payment of al1 sum.!> secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee, Trustee shaH reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs, 22. Substitute Trustee. lender. at Its opl1on. may from time to time remove Trustee and appoint a successor trustee 10 any Trustee appointed hereunder by an instrume:nt recorded in the counly 1n which this Security Instrument is recorded. Wilhout conveyance: of the Property. the successor trustee shall succeed to all the title:. power and duties conferred upon Trustee herein and by auplicable law. 23. RPqUKt for Nollces. Borrower rcqu~l~ that (opies of (he notices of default and sale be sent to Borrower's ad- dr~.!J \\'hich i!llhe Property Addrc<is. "Borrower furl her reque!lls Ihal copies of Ihe notices of defaull and sale be person \C1 forth herein:' 24. RIders 10 Ihis Security Inslrumenl. If one or more rlders are e.ecuted by Borrower and recorded together with this Secunl)' Instrument. the covenants and agreements of each such nder shall be incorporated into and shall amend and supplement the covenants and agreements of this Secunt)' Instrument as If the rider(s) were a part of this Stturi1y inStfu".:2', I. [Check applicahlel"n(esl] ~ Adjustable Rate R,der ::J CondominIUm R,der ::J 2-4 Family Rider '-' Graduated Payment Rider = Planned Umt Developmellt RIder :::J Other(s) (specIfy) W, Borrower accep1s and agr~ to the terms and cO\lenllnls contalDed in Ihis Security s) executed by Borrower and recorded wnh II ) Il. .~ ~\~. dClJu'-c",^,,- I Seal I CorrD*er D. ....J1I.b, LHvlh( F AAlIJ" (Seal) -BorrOWtlr (Seal) Borrower (Seal) -Borrower ACKNOWLEDGMENT I/We, fIllOTHY E. FAliUH...1 D. AHDllEll lA'IOlE FAllHIH . ("Truslor"l. under ,hat cerlain Deed of Trust dated July 2'J til, 19 aa . ("Deed of Trust") 10 he entered into amoung Truslor. LAlIIERS T nu: IHSlJIlAHC[ C(JU>(JRATlOH ("Trustee") and catTRAL "lJlT6ll6E CllRPORATlllH, 30800 lillAfIOI, "I, CUIlEHS, "I 48043 ("Beneflciar)''') covering the following d~cribed property: LEGAL DESCRIPTION: LOT EIGllTEEII (161, IH 91SHlP HEIGHTS SECOO SU9DIVlSI1IH, HALL COUHTI, HE1lRASKA. hereby ackowledgc that it is understood that (a) the Deed of Trust to be ell~uted by Trustor is a trust deed and nol a mor- tgage and (b) the power of sale provided for in the Deed of Trust pro\'idcs ~ubstantially differenl rights and obligations 10 the Trustor than a mortgage in the event of a default of breach of obligation, Tru!ltor Ackno"')edg~ lhal Ihi~ Acknowledgment was made prior 10 the execution of the Deed of Trust. E~cculed and deli'..ercd thi!l 2'l th . 1968 ~or iJ '-. ' J2l\drilA ~-~ Truslor . ~ LHvOlE IAKIl Slale of NebrllSka I I... Co..., of Hall t The foregoing in'iotrumcm wa~ acknowledged before me thi~ 29th da~ of. July ,1988. by Timothy E. Fannin and D. Andrea Lavoie Fannin, Busband and Wife \\'ilnC\\ rTi)' hand and nOlarial ",cat al Grand Island In ..allj Cllllnl\. lhl- dotll" .dtlTl....Il\1 L~ N(;tar Rv .A jiubill.: -111 ' .0 TL(, (,