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88-10606Q NON.UNIFORM COVENANTS, Borrower and Lender further covenonl ond ogree os follows: ... 19. Acceteration; Remedies. Lender sball give notice 10 Borrower prior to acceleration following Borrower's breacb of any covenant or agreemcnt In tbls Security Instrument (hut not prior 10 acceleration under parsgraphs 13 and 17 unless applicable law provides otberwlse). The notice sball specify: la) the default; (hI the action required to cure tbe default; Ie). date, not less tban 30 days from the date the notice Is given to Borrower, by which the default must be cured; and Idl tbat fallure to cure the default on or before the date specllled In the notice may result in acceleration or the sums secured by tbis Security Instrument and sale of the Property. The notice shall further inform Borrower or the right to reinstate after acceleration and tbe right 10 bring a court action to assert the non-existence of a defsult or sny other defense of Borrower to acceleration and sale. Jfthe default is not cured on or before the date specilled In the notice, Lender at its option msy require immediate payment in rull of sll sums secured by this Security Instrument without further demand and may invoke tbe power of sale and any other remedies pennltted by appliesble law. Leader shall be entitled to collect all expenses incurred in pursuing the remedies provided in Ibis paragraph 19, Ineludlng: but not limited to, reasonable attorneys' fees and eosts oftille e~idence. If tbe power of salc is invoked, Trustee shall record a notice of default in each county in which any parI of the Property is located and shall mail copies of such aotlce in tbe manner prescribed by applicable law to Borrower and 10 the other persons prescribed by applicable law. Arter the time required by applicable law, Trustee shall give public notice of sale to the persons and In tbe manner prescribed by applicable law. Trustee, withoul demand on Borrower, shall sell the Property st public auction to the highest bidder at the time and place and under the terms designsted in the notice of sale in one or more parcels and in any order Trustee delennines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time Bnd place of any previously scheduled sale. Lender or its designee may purchase the Property al any sale. Upon receipl of payment of the price bid, Trustee shall deliver 10 the purchaser Trustee's deed conveying tbe Property. The recitsls in the Trustee's deed sbsll be prima facie evidence of tbe truth or tbe statements msde therein. Trustee shall apply the proceeds oftbe sale in the following order: lallo all expenses of the sale, including, bul not limited to, Trustee's fees as permitted by applicable law and reasonable sttorneys' fees; (hI to all sums secured by this Security Instrument; and Ic) any excess to the person or persons legsUy entilled to il. 20. Lender In Possession. Upon occeleration under paragraph I ~ or abandonment of the Property, Lender (in person, by agenl or by judieially appointed receiver) sholl be entitled to enter upon, take possession of and manage Ihe Property and to collecl the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first 10 payment of the costs of mansgemenl of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on Tef'.eiver'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 and all notes evidencing deht secured by this Security Instrument to Trustee. Trustee shsll 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 ttme 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, 23. Requesl for Notices, Borrower requests that copies of the notices of default and sale he sent to Borrower's address which is the Property Address. 24. Riders to this Security Instrumeot. If one or more ridcrs are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants snd sgreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check spplicable box(es)] o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Fsmily Rider o Graduated Psyment Rider o Planned Unit Development Rider o Other(s) [specify] By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. .............mmm.....................m............ ~fv~...m:o~ ....................................................................................... ...'j)z*r..dLdf!.~uP......................~~~~l STATE OF NEBRASKA. Hell COUIlIY ,,: On this 10th day of November. 19 BB, before mc. Ihe undcrsigned, a NOlary Public duly commissioned and qualified for said county. personally came Gary E _ Valasek and Mary G. Valasek each in his and her own right, and as spouse of each other ' 10 me known 10 be Ih~ identical person(s) whose narne(s) are subscribed to Ihe Coregoing inslrumenl and adnowledgcd the execution thereof to be their voluntary act and deed. Witness my hand and notarial seal al Grand Island Nebraska in said l.:ounty. Ihe dale aforesaid, ' My Commission expires: I.L-:Ea:::t I.... '/;Jc::~~.C. ~~::c:~..... N.1I"I\ I'llhll~ REQUEST FOR RECONVEY ANCE To TRUSTEE: The undersign cd i~ the holdl'r or the nOlc or flutcs .,Cl:LHl.d hy thi.. Dl'l'd {If TI 11'0[, SaiJ noH.' III l\lllt.... In~l'lht.1 with all olher indehledness \cl.:ureu hy Ihi!. 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