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87-101542- N,' - i.:;�+r„Klt C61i..NA:IrS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. fender 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) a date, not less than 30 days from the date the notice h given to Borrower, by which the default must be cured; and (d) that failure to care the default on or before the date specified is the notes may result In acceleration of the stems secured by this Security Instrument and sale of the Property. The notice shall hetber inform Burrower of the right to rekptate after acceleration and the right to bring a court action to Issue" the sonildstence of a default or any other defense of Borrower to acceleration and sale. If the default is not card on or before the date specified o the notice, Leader at its option may require immediate payment in full of all sum secured by this Security tastruseent without further demand and my Invoke the power of sale and any other remedies permitted by applicable law. Leader ,ball be entitled to collect all expenses incarred In pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorney's fees and costs of title evidence. If the power of sale is Invoked, Trustee shall record a notice of defwN In each county is which any part of the Property Is located and sball mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law. Trustee shall give public notice of sak to the persons and in the manner prescribed by applicable law. Trustee, without dens" on Borrower, shah sell the Property at public auction to the highest bidder at the time and place and under the tams designated In the notice of sale in one or more parcels sod In any order Trustee determines. Trustee may postpone ask of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. fender 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 eked conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale he the following order: (a) to all expenses of the sale, Including, but not United to, Trustee's fees as permitted by applicable law and reasonable attorney's fees; (b) to all sum secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Leader In Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (m person, by agent or by judicially appointed receiver) shall be entitled to eats upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected Ly Lends or the receiver shall be applied first 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 payment of all sums secured by this Security lusumnent, Lends shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all totes 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 all 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 sego to Borrower's address which is the Property Address. 24. Riders to this Security Inatrunast. If one or more riders 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 and agreements of this Security Instrument as if the riders) were a part of this Security Instrument_ (Check applicable box(es)] Adjustable Rate Rider ❑ Condominium Rider 13 2-4 Family Rids Graduated Payment Rider 0 Planned Unit Development Rider 0 Other(s) Ispecifyj BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants Contained in this Security Instrument and in any ri (<_) executed by Borrower and recorded with it. y �e .;Seal) (Seal) Samuel L. Smith a-- STATE OF Nebraska COUNTY OF lia l l (Seal) ft-- tsp— sib. Ten. tme Fa A& —%ft —1 I SS: (Seal) — aw,.>.o 1, the undersigned , a Notary Public in and for said county and state, do hereby certify that before me and is (are) known or proved to me to be the person(s) who, bra informed of the contents of the foregoing instrument, have executed same, and acknowledged said instrument to be I free and voluntary anti and M., ea. rbmr deed and that - he executed said instrument for the purposes and uses therein set forth. fir, sAr !r,er� Witness my hard and official seal this _ 19th My C X k weer -illy tot � CARCIYN J. itlloafs 111 A caus, Thus ,ts.!rur „rrt! +a. by day of March f � Notary Pub)k 19 87 i s 4 i l 3 KI