|
<br />88-10G05e
<br />
<br />NON. UNIFORM COVENANTS. Borrowerand Lender furthercovenanland agree u followa:
<br />I'. Acctlentlon; Remedl... Leader IbaIJ gI.. ootleo 10 Borro"er prior 10 acceleration follo"lnl Borro"er'1
<br />~ or D)' o:o._nl or qrHmenlla IIIIa SecurIty IIIIInuaeaI (bot aot prior 10 accelenllon under pu.lP'1Ipbll3ad 17
<br />aaJe. applicable II" prondea olberwlle). The oodeo IbaIJ opec\I)': (.) the delllult; (b) Ibe lICtIon required 10 cure Ibe
<br />deruJl; Ce). dale, DOt I... t1w130 da,.lrom the dale Ibe aotlco II gI..n 10 Borro"er, b)' "bleb Ibe def.ult mUlt be eured;
<br />... (0\) !bat IlIIlure to cure the default on or be'ore the dale lpedJled Ia Ibe aodeo IDI)' mall In acco\eratloa 0' the IUIDI
<br />-.ued b)' Ibll SecurIty laltnunent ad sale 0' the Properly. The notleo lball furtber la'ona Borro"er 0' Ibe rlpt 10
<br />",1uD1e Ifter _lentlOD ..... Ibe rflbt to brlnl a eoart lICtIoa to uoert Ibe non-elllaleneo 0' . de'.ult or an)' other
<br />defeale o'Borrower 10 1_lentlon and sale. Iflbe de'.oIllI not cured oa Dr before Ibe dale lpeclJled la Ibe notleo, Leader
<br />.1111 optIoa IDI)' require Imllledlale P&lIDent la fall of II\IlIIIIII IKlU'ed b)' tbll Securll)' Inatrumeat wllbout furtber
<br />deawu\ and IIIIY InYOke Ibe po"er 0' sale and any olber .....edI.. permitted b)' Ippllcable Ia". Lender lbaII be entllled 10
<br />""lIect 11\ expellHl Incurred In pana\al the remedl.. pmnded In Ibll puaarapb 1', Including, but aot limited to,
<br />reIHIlIble .ttorne,.' 'eel ad c:ooIa o'tllle eridenee.
<br />If tile power 0' sale Is la.oked, Truatee IIba1I reconI . nollce 0' delllallla eacb coual)' In "blch any part 0' tile
<br />Properly 10 10000led and lballlIIII1 eop'" of IUcb nolleo Ia tbe llIIIUIer prescribed by .ppllcable Ia" 10 Borro"er and 10 Ibe
<br />olber perIOao p.....lbed by .ppllcable I.... After Ibe time required b)' .ppllcable Ia", TfUltee lbaII gI.e publiC aotlce 0'
<br />lIIe to Ibe penoao and Ia Ibe llIIIUIer prescribed b)' .ppllcable I.". Trustee, wllboat deJllllJld on Borro"er, sballselllbe
<br />Properly.t pablic .actlon 10 Ibe b1pest bidder at Ibe time and place and under Ibe Ierms deslgnalm In Ibe notice of sale in
<br />oDe or more parcels and in any order Trustee detenaln... Trustee IDlY poItpone sale of all or any pucci o'lbe Properly by
<br />publiC anaouncement atlbe time and place of an)' preriousty scheduled sale. Lender or lis desl8JIee ma)' purchase Ibe
<br />Properly at any sale.
<br />Upon receipt of payment of lb. price bid, Trustee shall dell.er to Ibe purchaser Truslee's deed coaveylng Ibe
<br />Properly. The recltaJa in Ibe Trustee's deed sball be prima facie endence or Ibe trulb of Ibe stalemenls made Ibereln.
<br />Trustee shall apply Ibe proceeds of Ibe sale In Ibe 'ollowing order: Ca) to all expenses of the sale, Including, hut uot limlled
<br />to, Trustee's 'ees as permitted b)' applicable la" and reuonable attorneys' rees; (b) 10 all sums secured b)' ibis Security
<br />Instrument; and Cc) ay ex.... to tbe person or per8Oaolegally entitled to iL
<br />:10. Lender In I!o......on. Upon acceleration und" paragraph 19 or ahandonment of the Property, Lcnder (in
<br />person, hy agent or hy judicially oppointed receiver) shall be entitled to enter upon, tokc possession of ond manage the
<br />Property and to collect the rents of the Property including those put due. Any rents collected by Lender or the receiver
<br />shall be applied firsl to payment of Ihe costs of management of thc 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 />%1. Reconve)'ance. 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 hy this Security
<br />Instrument to Trust... 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 qny recordation costs.
<br />22. Substitute Trultee. Lender, at its option, may from time to time remove Trust.. 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 convcyance 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 />:13. Requ..t for Notl.... 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. Riden to IIIIa SecurIty Instrument. If one or more riden are elecuted by Borrower and recorded together with
<br />this Security Instrument, the covenants and .greements 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 bol(es)]
<br />o Adjustahle Rate Rider 0 Condominium Rider 0 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Planned Unit Development Rider
<br />
<br />lliI Other(s) [specify] Acknowledgement
<br />
<br />BY SIGNING BELOW. Borrower accepts and .g.... to the tcnns and covenants contained in this Security
<br />Instrument and in an)' rider(s) executed by Borrower and recorded with it.
<br />
<br />
<br />_",;:~~2?"'~......~............................(ScaI)
<br />Scott E. Madison -So"""",
<br />
<br />'C~~.&.X?J~..........................~~
<br />
<br />STATE OF NEBRASKA,
<br />
<br />Hall
<br />
<br />County 55:
<br />
<br />On this 9th day of September ,19 88, before mc, the undersigned, a NOlary Puhlic
<br />duly commissioned and qualified for said county, personally eame Scott E. Madison and Connie J.
<br />Madison. Husband and Wife ______________________________________ , to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thereol to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island, Nebraska
<br />date aloresald.
<br />
<br />In said county, the
<br />
<br />
<br />7 /,
<br />$. /}' /-:~~.-r Ji:-r.0:'i? ~( .. d{.:.-:::-:-:-::.-:'
<br />REQUEST FOR RECONVEY:~NCE No,"" Publ ,
<br />
<br />TO
<br />
<br />The undersigned is the holder of the note or notes secured by this Deed of Trust. Said nole or notes, logether
<br />with all other indcbtedncss secured by this Oeed ofTrusl, have been paid in full. You arc: hrn:by dlrcdcd to cancel said
<br />note or notcs and this Decd of Trust, which [lrc delivered hereby, and to reconvey. wilhoUII,I,'llrranl)i. alllhl" L"talc
<br />now held by you undcr this Deed of Trusl 10 the penon or pcrsom legally enwled rhcrc;lll,
<br />
<br />Date:
<br />
|