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88- 104792 If the power or Site is Invoked, orrustte shall record I notice ur default In Cllth cnunt)' in which IIny pari of the Properly i. loclled Ind .hlU mlU cnple. of .uch notice In the mlnner pre.erlbed by IppUcoblelo.. to Dllrrn..er ond 10 th. other persons prescribed by Ippllclble.o... After the lime required by Ippllcoble 10", Trustee .hlll al.. publl. notl.e of ..Ie to .he penn.. Ind In the mlnner prescribed by .ppll..ble I.... Tru.tee, wlthou' dem.nd on Borrower, .holl sell the Properry.1 public .uctlon to the hlah..t bldder.t the time .nd pll.e .nd under the..rm. deslanoted In the notice .hole In one or more parcel. .nd In .ny order Trult.. determines. Trust.. m.y po.tpone s.le of.1I or .ny pareel of'the Prnperty by public announcement 8t the lime Ind place of In)' previously scheduled sale. Lender or lis designee may purchase the Properly It .ny .lle, Upon receipt of payment of the price bid, Trustee shaU dell.er to the purchaser Tru.t..'. deed cnn.eylna the Properly. The ...1t.1. In the Tru....'. deed .h.U be prim. (.cle evidence of the Iruth o( the s..tements mode th.reln. Trus... .h.U.pply the proceeds of the ..Ie In .he fnUowlnl nrder: (.1 to IUe.pense. of the s.le, Includlna, but not limited to, Trustre's fees as permitted by .pplicable I." and reasonable .Uorneys' fees; (b) to all sums secured by this Security Instrument; and ee) Iny excess to the penon or persons legally entitled to It. 20. Lertder in Possession. Upon acceleration under paragraph 1q or abandonment of the Property. lender (in person, by agent or by judicially appointed receiyer) shall be entith:d to enler upon, take possession of and manage the Property Bnd to collect the rents of the Proper1y including those past due, Any rents coHeeted by Lender or the receiver shall be applied first 10 payment of the costs of management of the Property and collection of rents, including, but not limiled 10, receiver's fees, premiums on receiver's bonds and reasonable Illlorneys' fees, and Ihen to the sums secured by this Security Instrument. 21. Reeonny.nee. Upon payment of all sums secured by this Security Instrument. lender shall request Trustee to reconvey the ProperlY Bnd shaH surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Truslee shall 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 option, may from lime to lime remove Trustee and appoint a successor trustee to any Truslee appointed hereunder by an instrument recorded in the county in which this Security Instrumenl is recorded, Without conveyance of the Property. Ihe successor lrust<< shall succeed to all the title. power and duties conferred upon Trustee herein and bv applicable Jaw, 13. Request for Notices. Borrower requests that copies of the nolices of default and sale be sent 10 Borrower's ad- dre!J.s which if! Ihe' Property Address. "Borrower further requests that copics of the noticcs of default and sale be person set forth herein," 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together wilh Ihis Sccuri1y Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Securily Instrument as if the rider(s) were a part of Ihis Security .nstrumenl, [Check .pplic.hle bo.(cs)1 '! AdJustahle Rale Rider = Graduated Payment Rider ::J O,her(s) [speciFy) o Condominium Rider o Planned Un" Developmen' Rider o 2-4 Family Rider BY StGNING BELOW, Borrower accepts and agrees lO the lerms and covenanls conlained in Ihis Security Instrumen1 and In any rider(s) eJl.ccuted by Borrower and rccorded with it. /~.~~ /C~elo~;:': ~ ~~~ -~~:2 { S..I ) (Seol) BOllowe' -BorrOWII, ACKNOWLEDGMENT I/Wc, NY l1IIIAS i\OCH onll SUSAH C. Koot Au.ost 3t It, I~ aa amoung Trustor, UlIIYERS TITLE IHSUIlAII:E CORPORllllllH ("Tru'lcc") and CEMlRllllllRTGIU cnRPORAllllH, 3r.aoo GRAllDT, "T. CLEllEIIS, "I 4800 ("Beneficiary' ') covering Ihe foHowing described properlY: . ("Trustor"), under that cerlain Deed of Trusl dated , ("Deed of Trusl") to be enlcrcd into LEGAL DESCRIPTION: 5H F...nt Po." hereby ackowledge that il is understood Ihal In) the Deed of TrU!llto be executed by Trustor i!o. a trust deed and nOl a mor- tgage and (b) lhe power of sale prO'o'ided for in the Deed of Trust provide~ !tubslantially differenl rights and obligations to the Trustor than a mortgage in the event of a default of brcach of obligation. Trustor Acknowledges thai thi~ Acknowledgment wu!t made prior 10 the execution of the Deed of Trust. Executed and deli\'ered thi!i 3t .t day 01 RuIU.t . 19M Tr~~1 ~~1 ,~o-e-tL- ~ jJ ;t/ /~./ TruSlor ~. ~ vc-- ----- Slate of Nc-hruka ~ )15. Co..,) of Hall t The foregOIng 1O\lrumcm "'-'a\ ad.nowledgcd before mC' thi\ 31st l.Jilj of. August .19 88 . by Harry Thomas Koch and Susan C. Koch lIuBbnnd and Wife ""lint" m~ hand and nOlarial \I:al al Grand [sland III ':ud l-1111ll1~. Ih~' Jail' alolt."llIJ '1). l;omm,,,,,,,un c'put'~. SlIlIIlIll1UY-$\II\ III MrIlb lIallllTA L IlEED II r-. fJJ lsIy JJ. 1111