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87-101103 NON- UNIFORM CMEKANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration: Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless { applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) It date, not less than 30 days from the date the notice Is given to Borrower, by which the default must be cured; and (d) that failure to care the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further Inform Borrower of the right to reinstate after a ederadoa and the right to bring a court action to amert the non <xistence of a default or any other defense of Borrower to atxdaait" and sale. It the default is not cured on or before the date specified in the sotke, Leader at Its option may require Immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Leader shall be entitled to collect all expenses Incurred In pursuing the remedies provided In this paragraph 19, Including, but not limited to, reasonable attorney's fees and coats of tide evidence. If the power of sale Is Invoked, Trustee shall record ■ notice of default in each county In which any part of the Property Is located and shall mall copies of such notice in the manner prescribed by applicable law to Borrower and to the other persona prescribed by applicable law. After the time required by appifcabe law, Trustee &bull give 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 highest bhlder at the time and place sod under the terms designated Is the notice of sale in one or more pumb and In any order Trustee determines. Trustee may postpone sale of an or any parcel of (be Property by public announcement at the time and place of any previously scheduled yak. leader 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 fade evidence of the truth of the statements trade therein. Trustee sball apply the proceeds of the yak in the following order: (a) to an expemas of the sale, including, but not limited to, Tratee's fees as permitted by applicable law and reasonable sttorsey's fees; (b) to all sums secured by this Security loslrameat; and (c) any excess to the person or persons legally entited to it. 20. Leader 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 to 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 shall be applied fast 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 attorney's fees, and then to the sums secured by this Security instrument. 21. Reconveyance. Upon paymcot 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 this Security Instrument to 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 an the title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Men to tkb Security Isltrsme t. If one or more rider are exxuted by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shag amend 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)] 6 Adjustable Rate Rider El Condominium Rater r 2.4 Family Rider ❑ Graduated Payment Rider Q Planned Unit Development Rider u Other(s) (specify) - BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any riders) executed by Borrower and recorded with ``�K�''L -- �— (Seal) Burlan E. Ellison t4,0 af-- It �� (Seal) Susan G. Ellison –� 15peu Bela. TL"u tine Fm Arkin deft m l , STATE OF Nebraska Hall SS: COUNTY OF 1, the undersigned a Notary Public in and for said county and state, do hereby certify that Sur an E. >tson an usan"G- BTT>son personally appeared beftm me and is (are) known or proved to me to be the persons) whothbei.1 informed of the contents of the foregoing instrument, have executed same, and acknowledged said instrument to be free and voluntary act and they (his. 1.. odrl dead and that executed said instrument for the purposes and uses therein sa forth. (M, M. 1") Witness my hand and official seal thisl tith day of February 19 87 My commisimon-Iloilo i f101, Dth Q N(pi.gm AN FI (Seal) 1st Ar 72 5 i % .1 �N2i� This tnstrument was p4epared by {