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<br />88- 105879
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<br />NON.UNlFORM COVENANTS. Borrower ond Lender further covenant and agree os follows:
<br />19. Acceleration; Remedies. Lender shan give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to Dcceleration under pafographs13 and 17
<br />unless applicable law providl!S otherwise). Tbe oollee sball speciry: (a' the deroult; (b) the action required to cure the
<br />derault; (e) a date, not less than 30 days rrom the dole the notice Is given to Borrower, by which lhe default must be cured;
<br />and (d) that Callure to cure the default on Of before the date specified in the notice may result in Deceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inCorm Borrower of the right to
<br />reinstate after acceleration Bnd the right to bring a court action to assert the non-existence of a default or Bny other
<br />defense of Borrower to acceleration and sale. If the deCault is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and may Invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect aU expenses Incurred in pursuing the remedies pr01rlded in this paragraph 19, Includin~ but not limited to,
<br />reasonable attorneys' fees and costs ortitle evidence.
<br />If the power of sale is in\loked, Trustee shall record a notice of default in each county in which any part of the
<br />Propa'ty is located and shall mail copies oCsuch notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />sale to tbe 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 ofsale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of alllJr any parcel of the Property by
<br />public e.nnouncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any 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 Tru;tee's deed shall be prima facie evidence of the truth of the statements made tberein.
<br />Trustee shall apply the proceeds of tbe sale in the following order: (II) to all expenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; Bnd (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) shall be entitled 10 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. Truslee shall 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. al its option. may from time to time remove Trustee Dnd appoint a successor trustee
<br />to any Trusleeappointed hereunder by an instrument recorded in the counly in which Ihis Security Instrument is recorded.
<br />Without conveyance of the Propeny, the successor trustee shall succeed to all the title. power and duties conrerred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests lhal copies of the notices of defauJt and sale be scnt to Borrower's
<br />address which is the Propeny Address,
<br />24. Riders to this Security Instrument. If one or more riders are 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 applicable bo.(c:s))
<br />o Adjustable Rate Rider ~ Condominium Rider 0 2-4 Family 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 Olber(,) [speciry]
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<br />By SIGNlNG BELOW, Borrower accepts and agrees to 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 />.-,,"/. ///C'/;;;tJ
<br /><;?'.~ (f0.:y(,~ .,_,;1',:0?'0..t.~.Y..Jf?,,'.<~1)
<br />L L Frederick J. Siubbend~ck -Borrower
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<br /><;~-:::.':L.":.:,~.~........?:::1.,....22z~r~;.-;!.
<br />Wilma M. Stubbendick
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<br />,:../:,~~I)
<br />-Borrower
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<br />ST A TE OF NEDRA~KA.
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<br />Hali Coullty ~...:
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<br />On this 24th day of October .IY 88. herOTL' ow, Ihe llllder...igncd, ~l Notary Puhlic
<br />duly commissioned and qualified for said COUOly, pl'r"lHli1l1y l.:umt" Frederick J. Stubbendick and Wilma M.
<br />Stubbendi,ck, each in his and her own right, and as spouse of each/ t.l.P....nll. known 10 he Ihl'
<br />identical person(s} whose nanle(sl arc ~uh~crihed 10 I Ill' foregoing lIl...lrumcnt and adRoNfc.lit!ed lhl' e'Cl"UlllIll
<br />Ihereof 10 he their \'oluntary ru;1 .Hld dl'ed.
<br />Witness '"~. hand and notarial ~l'al at
<br />date aforesaid.
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<br />Gran~dSI, 1 NebraSka in ...aid ~l)llllr}, llll.
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