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88-406937 NON.UNIFORM COVENANTS. Borrower and Lender fUrl her covenant nnd agree os follows: 19. Acceleration; Remedl". Lender shall life notice to Borrower prior to leceleratlon (ollowlol Borrower's bre.ch ohny co.enont ongreementln thll Security Inltrumenl (but not prior to .cceler.Uon under paragraphs 13 and 17 unl... .ppllcable I... prodd.. olherwlsel. Th. nollce sh.1I specify: (.llhe der.ull; (bllhe .cllon required 10 cur. the der.uU; Ie). dole, noll...l.on 30 d.ys from Ibe dal.lbe notlcc Is gIlOn 10 Borro..er, by ..hlch Ibe dor.ull musl be cured; .nd (d) th.1 failure 10 cure Ibe d.r.ult on or bofor. the dotc specllled In Ihe nullce m.y resuU In acceleraUon or the sums lOCurod by Ibl. Security Inslrumenl .nd ..Ie or the Property. Th. nollce sb.1I rurther Inrorm Bnrro.... of tbe rlghl to relnllll. Iller IccelerlUon ond tbe right to bring I court .cllon to usertlhe non-.xlstence of a dorau!t or Iny olher deren.. or Borro..er to accele...llon aud ..Ie. If the dorauU '" not cured on or boror.the date speclDed In tbe nollce, Lender It I'" option mlY require Immediate plymentln full or all sums secured by this SecurUy Inslrumenl ..Ithout rurther demond ond may In.oke Ibe po..er orl81e and ony other remedl.. pennUtcd by appllcablela.., Lender sh.1I be enlllled 10 colle.. III expens.. Incurred In pUrlulng tbe remedl.. pro.lded In this paragraph 19, IncludIng, but not limited to, reasonable attorneys' fetS and costs of title e,lden~e. If the po..er of sale Is In.oked, Truste. shill record a nollce of d.rauU In each county In ..hlchany p.rt or the Property Is located ond sh.1I moll copl.. ohuch notlc. in the m.nner pr..crlbed by appllcabl. la.. to Borro..er and to Ihe other perlons pr..crlbed by applicable la... Aner the lime reqolred by applicable la... Trustee shill gI.e public nollce or sale to the persons and In the manner prescribed by 8l=pllcable hlW. TraJslee, without demand on Borrower, shall sell the Prop..ty at public aucllon 10 the highest bidder at the lime and place and under the terms designated In Ibe notice or sale In one or more parcels and In any order Trustee detenoln... Trustee m.y postpone sale or all or .ny porcel or tbe Property by public announcement .t the time and place or any pre.lously scheduled s.le. Lender or Its d..ignee may purch..e the Property .1 any sale. Upon receipt or payment or tbe price hid, Trustee shall dell.er to the purcb.... Trustee's deed conveying the Property. Tbe recUals In the Truslee's deed sball be prima racie evldeoce or the lrutb or Ibe slalements made tbereln. Trustee shall apply the proceeds or the sale In the rollo..lng order: (al to all expenses or the sale, including, but not limited to, Trustee's fees as pennitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this SecurUy Instrument; and (e) any excess to Ihe person or personslegnlly enlllled to II. 20. Lender in P.ossession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents or the Property including those p..t due. Any renls collecled by Lender or the receiver shall be applied first to payment of tbe 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 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 noles evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to iL Such person or persons shall pay any recordation cosls, 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. 23. Request ror Noll.... Borrower requests thai copi.. of the notices of deraull and sale be senl to Borrower's address which is the Property Address. 24. Riders to this Security Instrument. If one or more riders are executed by Borrowcr and recorded together with this Security Instrument, the covenants and agreelnents or each such rider shall be incorporated into and shall amcnd and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)) o AdjusiabJe Rale Ridcr 0 Condominium Rider 0 2-4 Family Rider o Graduated Payment Rider o Pianned Unit Development Rider ~ Olher(s) [specify) Acknowledgement Bv SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants contained in this Security Instrumenl and in any rider(s) executed by Borrower and recorded with it. ~~~ ~ -Ila,..- J ice M. Thayer STATE OF NEBRASRA, Hall County 5S: On Ihis 19 day of December ' 19 88 ' berore me, the undersigned, a Notary Public duly commissioned and qualified for said county, personally came Ernest J. Thayer and Jan' ce M. Thayer, Husband and Wife ,10 me known to be the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed, Witness my hand and notarial seal at Grand Island. Nebraska in said county. the date aroresaid. I /) M~'-""""""'TTC ..,lnr..J1~........, ..:<~Jk..... liIIIIM 11M"''' IlIrIIII NO~~bii, REQUEST FOR RECONVEYANC ~ =: t,. sa:':' 111 The undersigned is the holder of the nole or notes secured by this Deed of Trusl. Suid nnl~ or l1oi~. tuaclhcr with all other indebtedness secured by this Derd of Trusl, have been paid in full. You ..lIl' herehy dill'L"ll'1I11' (iITKl'l 'tail! nole or notes and this Deed of Trust, which arr delivered hereby, llnd 10 1["(llIlH')'. \\illltllll \\;111<1111\', all flu' l'..lall' now held by you under this Dred of TrU5llo Ihe person or prr~ons legally C'lllitlelllhelC"11l Vale: