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r If the powcr nf sll. Is Invoked, Trustec shill rce~!::t~. Qfq.!uQ Pn cach county In which any pa.. of lhe Prop<rty 1,Ioclted and shall mill copies of su.h noUceln the manner prcscrlbed by appllcabl.la.. to Borro..er and to tha othcr penonl prclcrlbed by Ippllcable la... After the Ume required by applicable IIW, Trustee shall glvc public notice or sale 10 the persons and in the manner prescribed by .ppllcable I... Trustee. wUhout demand on Borrower, shall sell the Property II public lueUon 10 the highest hldder atlhe Ume and place and under Ihe lerms deslgnaled In the nOllce ohaleln one or more Plreels and In any oeder Trust.. delermlnes. Trustee may postpone sale of III or any parcel or'lhe Properly by public Innouncemcn' al lhe Ume and pllce of Iny previously scheduled slle. Lender or'lIs desl(lllee may purchue thc Properly It any sale. ' Upon r..elpl Dr payment Dr the price bid, Truslee shall deliver to the purchaser Trustee's deed conveylnlllhe Properly, The recllals In the Trustee's deed shail be prlml facie evldencc of the truth of Ihe stalements made Ihereln. Trust.. shail opply Ihe proceeds or the sll. In the following order: (a) to III expenses of the sale, Including, but nolllmlled to, Trustee's fees as permitted by applicable I.w and reasonable attorneys' fees; (b) to all sums secured by this Seeu'rlly Instrumenl; and {cJ any excess to the person or persons 'egllly enlllled to It. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicill.lIy appointed receiver) shall be entitled to enter upon, take possession of and manage the ProperlY and to collect the rents of the Properly including those pa't due, Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, 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. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee 10 reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee 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 time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and bv applicable law, 23. Request for Nolices. Borrower requests that copies of the notices of default and sail: be sent to Borrower's ad- dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person set forth herein." 24. Riden, to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument. the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the CQ\lenanls and agreements of this Security Instrument as if 1he rider(s) were a part of this Security Instrument, [Check opplicable box(es)] ~ Adjustable Rate Rider o Graduated Payment Rider o O,her(') ['pecify] o Condominium Rider o Planned Unit Developmcnt Rider o 2-4 Family Rider BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security .der(s) exec by Borrower and recorded with ir. ~n~~ ~ (Scali .Borrower (Seal) -Borrower ISeal) .Borrows, (Seal) -Borrower ACKNOWLEDGMENT I/We, RICIWlJ) E. RIEF ind KAROL L.". RIEF Seplelber 27 th, 19 IlII amoung Trustor, LAWYERS TilLE IHSURAHCE CORPORATION ("Trustee") and CENTRAL IIORTGAIiE CORPORATION, 36&00 ORATlOT, "T. CLEIlENS, "I 46043 ("Beneficiary") covering the following described property: , ("Trustor"), under that certain Deed of Trust dated , ("Deed of Trust") to be entered into LEGAL DESCRIPTION: See Front Pige hereby ackowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mor- tgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the TruslOr than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior lO the execUlion of Ihe Deed of Trust. Executed and delivered this 27 th day of . 1966 Trustor ~~ ~h, ~ Trustor KAROl. L. n. R1Cr Stale of Nebruka Coual,. of Hall I )... t The [oregoing im.trumenl war. adc.nowledged bdore me thi~ 27ch day or. September .19 88 . by Richard E. Rief and Karol L. M. Rief, Huaband and Wife Wltnt'.... my hand and notarial \&:31 at Grand Island III ..;uLl ClHlIlI~. 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