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<br />NON. UNIFORM COVENANTS Borrower nnd lender fUrl her covenant Bnd agree as follows~88-
<br />19. Affeltratlon; Remedies. Lender shall ~iYe DoUce to Borrower prior to acceleration followln~ Borrower's
<br />breacb oran)' connant or IgreelHnt In this Security Inltrument (but not prior to acceleration under paragraphs 13 ond 17
<br />Unl"," Ippllolble la.. prodd... otbe",lse'. The notice Iballlpetlfy: (al Ihe default; (bl Ihe octlon required to cur. th.
<br />defau.llj (e) _ date, not leu than 30 days from tbe date the notice I. glnn to Borrower, by which the default must be cured;
<br />I1Id (d) tIIal failure to cure Ihe defaull on or before Ihe dale lpetlfled In the notice may result in accel.r.lIon of Ihe sums
<br />......red by Ibis Securlly r...llument and sale of Ihe Properly. The noll.e shall further Inform Dorrowe, of the rlghlto
<br />relDltlte after acceleration and the right to brinK _ court IcUDn to assert the non-existence of a dcrault or nny other
<br />defease of Borrower to acceleration and we. If the default II not cured on or before the date specified in the notlcc, Lender
<br />at ill option may require immediate payment In full of all su... secured b)' Ihls Security rnslr~ment without (urlh.,
<br />dOllWld and may In,okelbe power of sale and any olher remedies permltled by applicable la". Lender .hall be enlllled 10
<br />collect all ..pe..... lneorrod In pursuing tile remedles provided In this paragraph 19, Including; bul nol IImiled 10.
<br />reasonable attorneys' f.... and cosll oflille e,ldenee.
<br />rr tile power of sale Is invoked, Trustee shall rec.nI a nolice of defaollln ea.b county in which any part of Ihe
<br />Properly illocaled and Iball mall copies of sucb nollce In tbe manner prescribed by applicable law In Borrower and 10 Ihe
<br />other peno... prescribed by applicable law. Aner Ihe lime required hy applicable law. Trustee shall give public nollce of
<br />sale to the persons and in the manDC!' prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property al publl. auclion 10 Ibe hlgbest bidd.r al tbe lim. and place and under Ibe lerms designated in the nollee.f sale in
<br />one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place or Iny previously scheduled sale. Lender or its deSignee may purchase the
<br />Properly alany sale,
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee'! deed shall be primll facie evidence of the truth or the statements made therein.
<br />Trustee shall apply the proc.eds of Ihe sale in the following .nler: (al t. allexpen... oftbe sale,lncludlng, bul nolllmlled
<br />to, Trustee's rees as permitted by applicable law and reasonable attorneys1 fecsj (b) to all sums secured by this Security
<br />Instrument; and (c) an)' excess to the penon or persons leaaJly entitled to it.
<br />20, Lender In P......lon. Upon acc.leration under paragraph 19 or ahondonmenl of the Property. Lend.r (in
<br />person, by agent or by judicially appointed receiver) shall be entllled 10 enler upnn, lake poss-':ssion of and manage the
<br />Propeny and 10 collect the rents of the Property including rhose pasl due. Any rents collected by Lender or the receiver
<br />shall be applied firs1 to payment of the costs of management of the Property and collection of rcnts, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reu.<;onable IJtlorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Recon,eyance. Upon payment of all sums secured by Ihi!> Securuy Instrument, Len~er shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes e\o'idencing debl secured by Ihis Security
<br />Instrument to Trustee, Trustee shall reconvey Ihe: Property wilhout warranly llnd wilhout charge to the person or persons
<br />legally entitled 10 ii, Such person or persons shall pay nny recordation costs.
<br />22. Substitute Tru.itee. le:nder, I1t its option, may from time to lime remove Truslee and appoint 11 successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the counly in which this Security Instrumenl is recorded,
<br />Without conveyance of the Properly, the successor trustee shl1l1 succeed to alllhe litle, power and duties conferred upon
<br />Truslee herein and by applicable law.
<br />23. ReqUHt for NoUees. Borrower requests that copies of the nolices of defnult and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riden 10 this Security Inslrument. If one or more riders are executed by Borrower and recorded logether with
<br />1his Security Instrument, the covenants Rnd agreements of each such rider shall be: incorporated inlo and shallllmend and
<br />supplement the CQvenan[S and agreements of this Secunty Instrument a!i if the rider(s) were a pari of this Security
<br />In'lrument. [Check applicable bo.(..))
<br />o Adjuslable Rate Rider
<br />
<br />o Condominium Rider
<br />
<br />o 2-4 Family Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Planned Unit Dc\,'dopment Rider
<br />
<br />10537B
<br />
<br />o Otherl') [specify]
<br />
<br />Bv SIGNING BELOW, Borrower accepts and agrees 10 the lerms and cO\lenants contained in this Security
<br />Inslrument and ID any nder(s) executed by Borrower and recor
<br />
<br />On Ihis 30th day of September. 1988 ,hclllrL' me. Ill!: untlL'r">lgncd, .1 NO[M\ PuhliL"
<br />duly commhsioncd and qualiriL.d for !'laid t.:oumy person all v L'aITH: James B. McElroy and Oevra A. McElroy r
<br />each in his and her own right, and as spouse of each other, . Itlll1l.' ~1I1H\11 [0 hL'lht,
<br />idelllical per'ionf!o) ".hO!ol' lIame(,J are ;ub"cribed 10 IIIl' fOlt'l!oin!! in">lrulTlcnl amJ aL"I..I1Il\\ll'dJ.!l'U llrt' t'\l'UIlllHl
<br />thereof 10 be their voluQ(ury al.:l and deed.
<br />Wilne"" my hand and notarial seal al Grand Island r Nebraska
<br />dale afore!laid. "---)
<br />
<br />M)' l'ommi,,,o,, .'Ptr.,jl.-rS,/"P , (~/<</<:/
<br />.................""...... ".
<br />JOANNE a. ROUSJi
<br />,'.' ...c.-Elp.,.".,,~.lllU
<br />"f,u""
<br />
<br />S'I ^ 1l. 01 NtIJRASK.I\.
<br />
<br />
<br />COUlII) ~">.
<br />
<br />~~s ..~€~&t;~'
<br />UlY lR. d ,,0 ~ t~,
<br />Devra A, McElroy t
<br />
<br />Hall
<br />
<br />r' ~. :~. .
<br />
<br />~H)lTST H)~ Ill' ""\1' .,,-, I
<br />
<br />.....,..',
<br />
<br />...., ..,(Scal)
<br />-Borrower
<br />
<br />, ,..,..(5..1)
<br />-Borrower
<br />
<br />III 'oillll ~tHlIll~. lh~-
<br />
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<br />....,th;.all ntht"f 11ldl,'hlcJnt..... "~.lUlt'd h, 1111' Ikt'J ,d ,! "..I. h.l\t h\'1'11 1'.1l,! 1111111 ,. \1,11, I"., [>, ,J'I,. :, ,II.., ,l~'., I '.11,1
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<br />II...... hdd I" ""ll \llIdl" I!ll' Ik1'd .,1 IIll'II,'lllt 1'11""11 ..1 1"""'11_ I'~'.III., ....,:1.1'1
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