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r 88- 105375 If the power or sale Is InwokC'd, Trustee shall retord a notice or dclslllI In eDeh county In which on)' pori of the Proper!)' Isloc.atcd and shall man copies of such nollce In the manner prescribed by applicable law tn Borrower Dnd III chlil other persons prescribed by applicable law, After the time required by applicable law, Trusu:c shall ghc public notice of 5ale to the persons and in the manner prescribed by applicable Ilw. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated In the notice of 5111e in one or more parcels and in any order Trustee determines. Trustee may postpone slIle of .11 or any parcel oflli.:! Property by public annOUDcement II the time and pllce of any prevlously scheduled sale. Lender or Its designee may purchase the Property II Iny ..I.. Upon receipt 01 payment of the price bJd, Trustee shan .ijeliver to the purchaser Trustee's deed conveying the Property. The r~itals In the Trustee's deed shall be pr~m. facie evidence or the truth of the statements made therein. Trusl.e shlUlpply Ihe proceeds oflh. saI. in Ih. rollowing order: (I) 10 III expenses oflhe sale,lncludlng, bUI nOllhnUed 10, Truslee's r... as permllled by IppliClble II" Ind relSonlble Illomeys' rees; (h) 10 .11 sums seeured by Ihls Seeurity Inslrument;..d (cllny exce.. 10 Ihe person or persons legally enlllled 10 II. 20. Lender In Possession. Upon acceleration under paragraph IQ or abandonment of the Proper1y. Lender (in person. by agent or by judicially appointed receiver) shall be entitled 10 enler upon. take possession of and manage Ihe Property and 10 collect the renls of the Property including Ihose pas1 due. Any renls collected by Lender or the receiver shall be applied first to payment of the costs or management of the Property [lTId collec1ion of rents. including, but not limited 10. 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 to'; reconvey the Property and shall surrender this Security Instrument Bnd all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Propeny without warranty and without charge 10 the person Dr persons legally entitled to it. Such person or persons shill! pay any recordation costs. 22. Substilule Trustee. Lender, at its option, may from time to time remove Tr'ustee 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 ror Notices. Borrower requests that copie!o of Ihe RDlices of default and sale be sent to Borrower's ad~ dress which is the ProperlY Address. "Borrower further request!t thai copies of the notices of default and sale be person set forth herein." 24. Riden to this Security Instrumenl. If one or more riders are executed by Borrower and recorded together with this Security Ins1rument, the covenants and agreements of each such nder shall be incorporated into and shall amend and supplemenl the covenants and agreements of this Security Instmment as if rhe rider(s) were a part of this Security Instrument. [Check applicable box!c,)] n Adjustlble Rate Rider o Graduated Payment Rider o Other!s) [speciryl o Condominium Rider o Plannod Unit Development RIder o 2-4 family Rider By SIGNING BEI.OW, Borrower accepts and agrees to the lerms and covenants conlained in this Securiry Instrument and 10 any rider(s) executed by Borrower and recorded with It. ~~B~ (ScalI ~~~'~~"Q"- (Seal) JHI.U~ J. HUI:J( .E!Offowe, 1. - -Borl'OWf!r I Seal I .BrnrDWer (Seal) -SCIrrower I/We, JAC08 J. 8AUER.n<! PAIRICIA 5epteober 30 th, l~ 8& amouog Trustor, LAIIYERS IlILE IHSURAHtE CIJI(PORAIlDH . ("'Trustee"') and CEH1RAl. IlIlRlGAGE CORPDRAIlDH, 36&00 GRAIlDI, ftl. tLEIIOIS, ftI 48013 ('"Beneficiary") covering the following described properlY: ACKNOWLEDGMENT A. BAUER . ("Trustor' '), under that certain Deed of Trust dated , ("Deed of Trust") to be entered into LEGAL DESCRIPTION: See Front P.ge hereby ackowledge that il is understood that (a) the Deed of TrusI to be elilecutcd by Tru!.lor i~ !l trusl 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 Trusror than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the C'lilecution of Ihe Deed of Trust. Executed and dcli\'cred thi!. 30 tIi day of Septelbtr , 198& ~~~~~o.~. ,U Trustor . IJ S'"t. 01 Neb..... ) lIS. COlIII, 01 Mnll I The foregoing instrument 'MiUS adnowledged before me thi\ 30th d..) t)f. Septe.ber ,1988 . by Jacob J~ Bauer and Patricia A~ Bauer. Husband and Wi fe WUnn\ m" hllnd and nalaual \eal Ltl Grand Island In \;ul.1 (-""111\, thl' dill~. illllr~'\;IlJ .... 1PIM'f_ " IIIrIlb IIOIIRTA L II!fD II r-. lla iii 31. t. 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