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<br />88-105261
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<br />NON.UNIFORM COYENANTS, Borrower and Lender fun'her covenant and agree as follows:
<br />19. AC'C'C!leration; Remedies, Lender sull gin notice to Borrower prior to Dcceleratlon rollowing Borrower'.
<br />breach OrllnY COTenant or agreement In this Seeurity Instrumenl(bul nol prior to aceelerallon under paralll'aphl13 and 17
<br />u.less applicable law pro.ldes otherwisel. The notice sban speelry: (al the derault; (bl the action required to cure the
<br />default; (ela date, not les.than 30 days rrom the date the notice is glnn to Borrower, by "hleh the derault mUlt be eurcd;
<br />aDd Cd) that fallure to eure the default on or berore the date specified In the notice may result In aecelerallon or the ilums
<br />secured by this Security Instrument and sale or the Properly. The nollce shon rurther Inrorm Borrower or the right to
<br />reinstate after a...eleratlon and the right to bring a court acllon to assert the non.existence or a derault or any otber
<br />der..... or Borrower to a...elerallon ond sale. Ir the derault Is not cured on ur berore the dalo specified In the notice, Lender
<br />at illi option may require immedlote psyment In rull or all sums secured by tbis Security Instrument wltbout further
<br />demond and may i.Toke the power or sale and BOy other remedies permitted by applicable law. Lender shan be enlltled to
<br />collect all e>:penses Incurred in pursuing the remedies pro.lded In this paragraph 19, including: hut Dot limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the po"er or sale Is In.oked, Trustee sball record 0 notice or derault in each eounty in wbich any part of tbe
<br />Property is located and shall mail copies of such notice in the manner prescribed by spplicable lawto Borrower and to the
<br />oth.,. persons pnscribed by applicable law. After the time required by applicable la", Trustee sball giYe public notice of
<br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on ~orrowerf shall sell the
<br />Property at public auction to the highest bidder Bt the time and place Bnd under the terms designated in the notice or sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Properly by
<br />publiC announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Properly at any sale.
<br />Upon receipt or payment or the price bid, Trustee sball dell.er to the purchaser Trustee's deed eon.eying the
<br />Property. The recitals in the Trustee's deed shall be prima racie 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 attorneys' feesj (b) to all sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph I q or abandonment of the Propeny, 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 coHeet the rents of the Property induding those past due. Any rents coHected 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 shaH 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 Propeny 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 tille, power and duties conferred upon
<br />Trustee herein ond by applicable law.
<br />:3, Request ror Notices. 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. Riders to this Security Instrument. If one or more riders ore 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 applleahle bo.(o5)]
<br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Femiiy Rider
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<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />o Other(s) [specify]
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<br />By SIGNING BELOW, Borrower accepts and agrees 10 the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
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<br />.lJ~.E....~.......(Seal)
<br />Dona ld E. Arnold -Borrtlwel'
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<br />"~~~"::J;=!
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<br />S1 A n Ul' NEBRASKA,
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<br />Hall Cuullt) .....:
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<br />On this 23rd day of September ,19 88, hefnre nw, Ihe unu(,f',igneu, OJ Notmy Pl1hhr
<br />duly commissioned and qualified for said county, renonally l'ame Donald E" Arnold and Bertha A. Arnold I
<br />each in his and her own right. and as spouse of each other .10 l1Ie knO\\1l tn hI.' ,he
<br />identical person(!<.) whose namel!>) are ..ub~cribed 10 the foregoing in"lruOll.nl and .,h.:klhmh.'Ugl'd the L"l.'l".'Ulioll
<br />Ihereof to be their \'oluntary at:1 and deeu.
<br />\VitltC'M. my hand and nOlarial1i.cal at Grand Island I Nebraska
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<br />dalc aforrsaid. I -=:--=-1
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<br />My Commi__wn C'pIrC>: ,~ "CIIIa_II5~.~...
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