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Ir the po..er or sale Is In,okcd. Trostee shall recnrd a notice nr derault in each co~n~y-;;- ..tQ l.l.A,l1.Qr thc Properl)' is located and shall man copies of F.uch notice in the miinner prescribed by applicable low to Borrower Dnd to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall ghoc public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the biR;hest bidder at the lime and place and under the terms designated in the noUce of sale In one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of'the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property, The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (0) to all expenses or the sale, including, but not limited to, Trustee's fees a; permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to It. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled 10 enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver sholl be applied first to payment of the costs of management of the Property and collection of rents. including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable otlomeys' 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 and all notes evidencing debt secured by Ihis Security Instrument 10 Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22, Substitute Trustee. Lender, at its option. may from time to time remove Trustee 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 by applicable law. Z3. Request for Notices. Borrower requests Ihat copies of the notices of default and sale bc scnt 10 Borrower's ad- dress which is the Property Address. "Borrower further requests Ihat copics of Ihe nOlices of default and sale be person set forth herein." 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporaled into and shall amend and supplement Ihe covenants and agreements of this Security Instrument as if the rider{s) were a part of this Security Instrument. [Check applicable box(e,)] o Adjustable Rate Rider D Graduated Payment Rider D Other!,) [,pecify] o Condominium Rider D Planned Unit Development Rider D 2-4 Fomily Rider BY SIGNING BELOW. Borrower Ilccepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) execUled by Borrower and recorded wilh it. - ~~ :2 .A"~ BllRRY BRADEN (Seal I .Borrower (Seal) -Borrower I Seal) .Borrower (Seal) -Borrow", ACKNOWLEDGMENT (/We, BllRRY L. BRADEN Octobtr e7 tIl, I~ 8a amoung Truslor, TlWI TITlE IHSURAHCE COIlPlIIIY ("Truslce") and CENTRAl. IOlTGllGE CORPORATION, 36&00 GRATlDT, lIT. CLElEHS, "I 48043 (hBencliciary") covering the following described property: , ("Trustor"), under thai certain Deed of Trust dated , (UDeed of Trust") to be entered into LEGAL DESCRIPTION: Ste Front P... hereby ackowlcdge that it is underslood that (a) (he Deed of Trust to be executed by Truslor is a trust deed and nol a mor- tgage and (b) the power of sale provided for in the Deed of Trusl provides subslamially different rights and obligalions 10 the Trustor (han a mortgage in Ihe even! of a default of breach of obligation. Trustor Acknowledges that Ihis Acknowledgment was made prior 10 the execution of the Deed of Trust. Executed and delivered this e7 1I1 day nr October . 198a ~.,). 6'_J2.. Trustor L. BRADEH Trustor Slale of Nebraska ) }SS. Counl)' or Hall ) The foregoing imlrUmen1 \\'a~ acknowledged beFore me thi~ 27th day or. October ,19 88 ,b~' Barry L. Braden. A Bingle person \\.'Ilneo.\ Ill) hand and nolallal ..coal ,II Grand IBland III ..aid Ctlllllt~. till' Jah' alnrL,..aid \t~ ..UIll1l1l'...IUII ["flU 0' J:DMlIl1lQro$Ulllf - . IID.I!IIT... L. REED 1Irr-r.,.""nl'lOO N,;,." i'Uhl,~j~ .~!