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<br />88- 1057811 <br /> <br />NON.UNIFORM COVENANTS. Borrower ond lender furth~r covennnt Bnd agree: us follows: <br />19. AccelerDtion; RemedJu. Lender shan give notice to Borrower prior 10 acceleration (oUowlng Borrowerts <br />brucb of any co,enant or BlI!'eement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless applicable law provides otherwise), Tbe notice aball speclfy: (al the default; (b) the action required to cure the <br />defaull; (t) a date, not less than 30 days from tbe date the notice Is given to Borrower. by whlcb the defaull must be cured; l <br />and Cd) that 'allure to cure the default on or before the date specified In tbe notice may resuU in acceleration of the sums <br />secured by lb1s Security In.trament and sale of the Properly. Tbe notice .hall furlber Inform Borrower of the right to <br />reinstate after Acceleration and the right to bring a court action to assert the non-existence of a default or any other <br />defense of Borrower to acceleration and sale. Iftbe default Is not cured on or before the date specified in the nollte, Lender <br />at its optioo may require immediate payment 10 full of all sums secured by tbis Security Instrument without furtber <br />demand and may Invoke tbe pawer of sale and any otber remedies permitled by applicable law. Lender sball be enlllled to <br />c:ollect all expenses incurred In pursuing the remedies provided In tbls paragrapb 19, including: but not limlled to, <br />reasonable attomeys' fees and costs ottilie evidence. <br />If the power of sale is invoked, Trustee shan record a notice of default in each county in which any part of the <br />Property is located and sball mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />otber persons prescribed by applic:able law. After the time required by applicable law, Trustee shall give public Dotlce of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public;: auction to the highest bidder at the time and place and under the terms designated in the notice of 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 />pubUc announcement at the time and place of any previously scbeduled sale, Lender or its designee may purchase the <br />Properly at any sale. <br />Upon reulpt of payment of tbe price bid, Trustee sball deliver to tbe purchaser Trustee's deed conveying the <br />Property, The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shan apply the proceeds of the sale in the fonowing oreler: (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 19 or abandonment of the Property. Lender (in <br />person, by agent or by judicially appointed receiver) shaJl be entitled to enter upon. take possession of and manage the <br />Property and to collect the rents of the Property including those past due. Any rents collected 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 shall 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 shaH reconvey the Property 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 counly in which this Security Instrument is recorded. <br />Without conveyance 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 />2.3. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address wbich is the Property Address. <br />24. Riden to this Security Instrument. If one or more riders arC' 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 />InstrumenL [Check applicable box(es)} <br />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider <br /> <br />o Graduated Payment Rider <br /> <br />o Planned Unil Devclopmcnt Rider <br /> <br />o Other(s) [specify] <br /> <br />By SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants contained in this Security <br />InsU'Umc:nt and in any rider(s) executed by Borrower and recorded with it. <br /> <br />........................................................................................ <br /> <br />/)~~:ll4.hf..:t.....[}./ -:t-dL-t..\......................(S08I) <br />.......rreresBt.7"Jensenr'" -Borrower <br /> <br />.....................................................u................................. <br /> <br />.....................(5081) <br />-'""'"' <br /> <br />STATE OF NEBRASKA. <br /> <br />Hall <br /> <br />County ss: <br /> <br />On this 28th day of October ,19 88 , before me. the undersigned, n Notary Public <br />duly commissioned and qualified for said county. personally came Teresa L. Jensen, an unmarried <br />oerson ' to me known 10 he' Ihe' <br />identical person{s) whose name(s) arc subscribed to the foregoing instrument and adnowlcdgcd Ihe cxcculion <br />there.j)f to be her voluntary acl and deed. <br />Witness my hand and notarial seal at Grand Island a ill said counly, the <br />date aforesaid, ' <br /> <br />l <br /> <br />My Commission expires: 9-lr (j9 <br /> <br />n--...."....I ....... <br /> <br />lnT~ ..'1::'~ REQUEST FO <br /> <br />ThC' undcr"llUlcd ''I Ihe holder Ilf thl' notl' or nOle!'. Iol'UHl'd h~ 1 hi' lked lit 11 \1..1. S:mJ lllll~' Ilr Illlll.... l11!!l'lhl'l <br />\ulh ;11111lhl" llu.khlcd.I1l'\\ 'tcl.:lIIcd t'l~ lhi.. Deed nf Tru..l.IHl'" nt'l'll paid 1Il11l11. YllU atl' hcrl."h\ dlll'\.'lnI101 ~.ltl(d ..;11<1 <br />lIule 11l1lUle.. Illld Ihl\lkeLl III 1111'1. \\Iulll iUt' l1di\~n:J h~.,d1\. :Imll..\ Il'("Il\C\. \\llluIIII \\illr.lll1\, allllH' "t.lll <br />1111.... hdd In \tlll Hlldcl Ihl' Ikt'd III 1111'" ltllhc pe'\llll \11 P\',,,\'ll'. lq~all\ \"Ilf"ll.d rhl'fl.t" <br /> <br /> <br />tlalC" <br />