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i <br />87'-. 102027 <br />NON-UNIFORM COVENANTS. Harrower and Lender further covenant and agree as follows: <br />19. AccdmOM R shall give notice to Borrower prior to acceleration following Borrower's <br />breach Of nay covenant or t In this Security Instrument (hot not prior to acceleration under parogrophai 13 and 17 <br />volsas applicable haw provide ). The notice shall specify; (a) the default; (b) the action required to cure the <br />defisIft (a) tt40%ant hta than 30 days have the date the aodee is gives to Borrower, by which the default must be cured; <br />and (d) to art d14 111011610111 on or before the date In the notice may result In acceleration of the sums <br />Secured by this Security lathvmmd and ale of the Property. The notice alkali forther inform Borrower of the right to <br />and tie r to brims a coat KOM to ~ the non-existence of a default or any other <br />of Borrower to acceleration and ale. If tie default Is not cared as or before the deft specified in the notice, Loader <br />at Ift option may require Immedleft payment In full of all sum secured by this Security Instrument without further <br />I I 'and may invoke the power of sale and say permitted by applicable law. Lender shall be entity to <br />Cabot 11111 UPOUN INCISIT0111 In poeladag the remalles provided in this partgroo 10, including, but not limited to, <br />reasonable attorneys' fees and costa of Nth <br />If the power of sale Is Invoked, Tree shall record a notice of default is each county in which any put of the <br />other <br />Property Is to abed and s of �1 w. After lair mew fired manner proscribed by applicable law to Borrower and to the <br />sale the ! and d by a repo y applicable law, Trustee dull give public notice of <br />proscribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at Public anedoa to the highest bidder at the fink and place and under the teams designated In the nodee of sale in <br />am or more prcele and In my order Trustee dettratioes. Trustee may postpone ale of all or any parcel of the Property by <br />public aummeement at the time and piece of any previously scheduled sale. Lender or its designee may purchase the <br />Property at nay ale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Propeety. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited <br />to. Tree's few as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Indrumeft and (c) any excess to the person or person legally entitled to it. <br />20. bender In Possession. Upon acceleration under paragraph 19 or abandonment 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 />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver <br />shall be applied fifst to payment of the costs of management of the Property and collection of rents, including, but not <br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveysom Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons <br />legally entitled to it Such person or persons shall pay any recordation costs. <br />22. Substitute Trustee. Lender, at its option, 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 Instrument is recorded. <br />Without conveyance of the Property, the successor trustee shall succeed to all the 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 <br />address which is the Property Address. <br />24. Riders to this Security Itstrmoent. 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 into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)) <br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />Cl Other(s) [specify) <br />BY SIGNING BELOw, Borrower accepts and agrees to the terms And covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br />C <br />...... .................. .........................(Seal) <br />RRY R. ELROD — Bor.owtr <br />FRANCES M. ELROD 43orm� <br />ISpce Below This line For Acknswkdem@M1 <br />STATE OF NEBRASKA. ... ......HALL ..................... County ss: <br />On this .n xh...... day of ... Aprdt ............. 19..ey, before me, the <br />undersigned, a Notary Public duly commissioned and qualified for said county, <br />personally Came LARRY R. ELROD and FRANCES M. ELROD. HUSBAND AND WIFE ............... _.._.__._... <br />........ ............................... . to me known to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument <br />and acknowledged the execution thereof to be t!'eir......... voluntary act and <br />deed. <br />Witness my hand and notarial seal at ,GRAND ISLAND ,,., in <br />said county, the date aforesaid. <br />7 � <br />..........%., �: r <br />Lary RI.lic. <br />My Commission Fw}q)ires3: <br />81111401ILVVII sameness <br />1 <br />