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88-106349 If Ihe po"'er of sale I. Inyoked, Trustee shall reford a ooUee of def.ullln ..eh enunly In ..hleh .n)' p.rlof the I'ruperl)' Is lD<aled and shall malleople. of sueh noUee In Ihe manner prescribed by .pplle.ble I... 10 Borro..er Dnd In Ih. nlher persons prescribed by .pplle.ble I.... Aner Ihe Ume required by .pplle.ble I.... Trusle. sh.1I glye public noUee of sale 10 Ihe persons .nd In Ihe manner prescribed by applicable I.... Truslee, ..lIhoDI demand on Borro..er, sh.1I selllhe Properly al pDblle .ueUon to Ihe hlghesl bidder allhetlme .nd pl.ee .nd under Ihelerms designated In the nollee of s.leln one or more pareels .nd in any order Tru51ee delermlnes, Truslee may poslpone ..Ie of.lI or any parcel of the Property hy public .nnouncemenl .1 Ihe Ume and pl.ee of .ny pre.iously .cheduled sale. Lender or lis designee may purch..e the Properly at .ny sale. Upon receipt of payment of Ihe price bid, Truslee sh.lI dell.er 10 Ihe purchaser Trustee's deed con.eying the ProperlY. The reclt.ls in Ihe Trustee's deed sh.1I be prima facie e.idence of the trulh of the slalements made therein. Truslee shall apply the proceeds of Ihe sale in the 'ollo..lng order: eal to all expenses of Ihe ..Ie, ineluding. but not limited 10, Trustee's f.... as permllled by .pplic.ble I... and reuonable altorneys' fees; (hI 10 all sums secured by this Security Instrument; and (cl any e.c..oto the person or persons legally enUlIed 10 it. 20. Lender in Po..~lon. Upon acceleralion under paragraph 19 or ab.ndonment of Ihe ProperlY, lender (in person, by agent or by judicially nppointed receiver) shall be entitled 10 enler upon. lake possession of and manage the ProperlY and to colleclthe renls of Ihe Property including those past due. Any renlS collecled by lender or Ihe receiver shall be applied firsl 10 paymenl of lhe cosls of managemenl of the Property and colleclion of renlS, including, but nol limited to. receiver's fees, premiums on receiver's honds and reasonable altomeys' fees. and then ~o the sums secured by this Security Instrument. 21. ReconYeyance~ Upon payment of all sums secured by this Security Instrument. Lender sJ:tall request Trustee to reconvey lbe Property and shall surrender this Securily Instrument and all notes evidencing debt secured by this Security Instrument 10 Trustee. Tru!;tee shall reconvey the Property without warranty and without charge to the person or persons legally enlitled to il. Such person or persons shall p.y any record.lion cosls. 22. Substitute Trustee. Lender, at i1S op1ion, may from lime to time remove Trustee and appoint a successor trustee 10 any Trustee appointed hereunder by an instrumen1 recorded in 1he county in which 1his Securi1y Instrument is recorded. Without conveyance of the Propeny, the successor trustee shall succeed 10 all the tide, power and duties conferred upon Trustee herein and bv applicable law. 23. Request for Notices. Borrower requests lhm copies of the nOlices .:>f defaul1 and sale be sent to Borrower's ad- dress which is the Property Address. "Borrower further requests thaI copies of the notices of default and sale be person set forth herein." 24. Riden: to tbil Security Instrument. If one or more riders are executed by Borrower and recorded together with -' this SecurilY InSlrumenl. Ihe coyenanlS and agreemenlS of each such rider shall be incorporated iOlo and shall amend and supplement the coye~an15 and agreements of lhis Security Inslrument as if Ihe rider(sl were a part of this Security (nSlrumenl. [Check applicable box(es)) . [l Adjustable Rale Rider 0 Condominium Rider 0 2-4 Family Rider o Gradualed Payment Rider 0 Planned Unit Deyelopment Rider o Olh<r(sl [specify] Borrower accep1s and agrees to the terms and covenan1s contained in this Security xecute by Borrower and recorded with i1. . ~~ iSeall .Eorrower (Seal) -Borrower (Seal) .Borrower (Seal) -Borrower ItWe. IlAVID I. PIWIRD ind SUSNt IIovaabar e3 rd, 19 sa amoung Trustor, TlaIl TITLE IIISURllIICE Cli1lPlIIIY ("Trustee") and CEII1RAlIllllTGAGE ClIlPlIlATIIII, aoaGO GRATlOT, "T. ClEIlEHS, "I 4&043 ("Benenciary") covering the following described property: ACKNOWLEDGMENT R. PlUARD , ("Tru'lor"), under lhal certaio Deed of Trust daled , (UDeed of Trust") to be entered into LEGAL DESCRIPTION: 5H F>1Int Pi.O hereby ackowledge that it is understood that (a) the Deed of Trusl to be executed by Trustor is a trust deed and not a mor. 19age and (b) 1he power of sale provided for in the Deed of Trust provides substantially differen1 rights and obligations to the Trustor than a mongage in the event of a defauh or breach of obligalion. Trustor Acknowledges thut this Ackno",ledgm~nt was made prior [0 the execution of the Deed of Trust. Execuled .nd delivered Ihis e3 rd day of ~ /;1>.. , 19 all ~~u Trusl~j~~ SIa.. of N.bnska , ,... Coaaly of Hall I 'I'm foresoins instrument was acknowled&ed before melhis 23rd dayof. November , 19 88 . by David J. Pillard and Susan R. Pillard Husband and Wife Witness my hind and no1anal seal at Grand Island in said County, the dale aforesaid.