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<br />II lh. po...r or ..I. I, In.ok.d, Trasle. ,hall r..ord a noli.. of d.raoUln .uch ~~=In !hQh~Z~' of Ih.
<br />Prnpert)' 1,1000atcd and shill mall copies or such nOllce'ln the manner prcSC'rlhcd b)' IIppllcublc low Inllarrower nnd III Ih.
<br />nlht'f pt'rsnns prc5t'rlbed by .ppllcable law. After the lime required b)' applicable low, rru!'iIu shall Rive public noUee of
<br />5111e 11IIhe persons and in the manner prescribed by applicable Ilw. Trustee. without demond on Borrower. !Ikon lieU the
<br />Pmper')' at public lueUon to the hlghelt blddrr a. the lime and place and under the terms dcslAnated In the nollce of sole In
<br />anI:' or more p.rtels and In any order Truller determines. Truslee may poslpone sal(' of all or on)' parcel of the Property by
<br />public announcement al the rime and plllee or any previously scheduled sale. Lender or liS deslRnec moy purcha.sc che
<br />Property I. Iny sale.
<br />Upon receipt or plyment or the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustep.'s deed shan be prima (acle evidence of the truth or the statements made therein.
<br />Trusl"" .hlll.pply lh. proc..ds or Ihe .ale In Ihe folln..lng order: c.) to.1I ..pen.e, of tt.e ..Ie, lacladlng, bat not limited
<br />to, Trustee's rea I. permitted by applicable law and realonable attorneys' reesl Cb) 10 all sums secured by this SecurUy
<br />Instrumentj and (c) Iny excess to the person or persons legally entitled to It.
<br />20. Lender In Possession, Upon acceleration under paragraph Iq or ahllndonment of the Property. lender (in
<br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon. take possession of and manage the
<br />ProperlY and to collect the rents of the Propeny 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, receiv~r's fees. premiums on receiv~r's bonds ami reasonable attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by Ihis Security Instrument. Lender shall request Trustee to
<br />reconvey the' Pro.perty and shall surrender this Securily Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property withc.ut warranly and without ('harge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordalion costs,
<br />22. Substitute Trustee. Lender, at its opticn, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrumenl is recorded.
<br />Without conveyance of the Propeny, Ihe successor trustee shall succeed to alllhe title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's ad-
<br />dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person
<br />~et forth herein."
<br />24. Riders to tbis 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 inlo and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of Ihis Security
<br />Instrum.nl. [Check applicable bo'(05)]
<br />[l Adjustable Rale Rider
<br />o Graduated Payment Rider
<br />o Other(.) [specify]
<br />
<br />I,
<br />
<br />o Condominium Rider
<br />o Planned Unit Developmenl Rider
<br />
<br />o 2-4 Family Rider
<br />
<br />By SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />I~.nt and in any ri/l .:;e.:;y Borrow.r and record.d ~h i~. _, Q ~
<br />
<br />
<br />,....,~ K~K~ (Seal) ~A A, 'KIHKADf (Seal)
<br />-eorrowel --&rrower
<br />
<br />(Seal,
<br />.Borrower
<br />
<br />(S..I)
<br />-Borrower
<br />
<br />ACKNOWLEDGMENT
<br />
<br />I/W., MRIoN C, KIHKAlIE and VIRGINIA A, KIHKADE , ("Trustor"), under that certain Deed of Trust dated
<br />Decubu 9 th, 19 88 , ("Deed of Trust") to be entered into
<br />amoung Trostor, TlCDR TITlE INSURAHCE CollPAHY
<br />("Trost..") and CEHTRAL "oRTGAGE CoRPoRATlDH, 36600 GRATIDT, HT. CLEIlEH5, HI 46043
<br />("Beneficiary") covering the following described property:
<br />
<br />LEGAL DESCRIPTION: 5.. Froat Page
<br />
<br />hereby ackowledgc that it is understood Ihlll (a) the Deed of Trust to be exc(;utro by Trustor is a trust deed and not a mar.
<br />tgage and (b) the power of sale provided ror in the Deed or Trust provides substantially dirrerent rights and obligations
<br />to the Trustor than a mortgage in the event of a default of breach of obligation.
<br />
<br />Trustor Acknowledges thai Ihis Acknowledgment wal> made prior to Ihe e.xccution of the Deed of Trusl.
<br />
<br />Executed and delivered this
<br />
<br />9 th
<br />
<br />day of
<br />
<br />Oecelber
<br />
<br />,19 88
<br />
<br />Tro~"c:~d~
<br />C)U-' Q~
<br />Trm,tor ~!H:-I. I\U'Nlllt.
<br />
<br />State or Nebraska )
<br />)15.
<br />Co.a., of Hall )
<br />
<br />The foregoing instrument was acknowledged before me Ihis 9 th day of,
<br />December , 1988 , by Marion C. Kinkade and
<br />Virginia A. Kinkade. Huaband and Wife
<br />Witness my hand and nOlorial seal 81 Grand Island in said County, Ihe date aforesaid.
<br />
<br />My commission expi
<br />J:IIIIMlIJIArf-lllll.._....
<br />1I011llTA L 11110
<br />., a.a fit. "" 11,1Il1O
<br />
<br />~!!jLLi.~~
<br />
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