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i <br />NONUNIFORM COVENANTS, @ktrrower and Lender further covenant and agree as follows: <br />151. Acceleration; Remedies. lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and <br />17 unless applicable law provides otherwise). The notice shall specify: (a) the default, (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />ri ht to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any <br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, <br />Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be <br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not <br />limited to, reasonable attorneys' fees and casts of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property <br />by public announcement at the time and place of any previously scheduled sale. fender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the rice bid, Trustee shall deliver [o the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the hruth of the statements made therein. <br />Lurity Instrument; and (c) any excess to the person or persons legally entitled ro it. <br />20. lender 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 shall <br />be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, <br />receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security <br />Instrument. <br />21. Reconveyanee. 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. Borrower further requests that copies of the notices of default and sale be sent to each <br />person who is a party hereto at the address of such person set forth herein. <br />24. Riders to this 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 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).j <br />In Adjustable Rate Rider ❑ Condominium Rider ❑ 2.4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />❑ Other(s) [specify j <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. / y <br />?l..V .... <br />(Seal) <br />Kenneth Bly <br />— Borrower <br />... � ................ <br />(Seal) <br />Nadine B 1 y <br />— Borrower <br />[Syrru Below This line For AcknowMdemeetl <br />STATE OF NEBRASKA, ......... Hal .l ............................. County ss: <br />On this .... <br />7th .......... day of . April.......... , 19 .87.., before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came . Kenneth. L...Bly..and. Nadirte . Bl..y ......... <br />................................................ ............................... .to me known to be the <br />identical persons) whose name(s) are subscribed it) the foregoing instrument and acknowledged the execution thereof to be <br />....... their ...................... voluntary act and deed. <br />Witness my hand and notarial seal at ............. ............................... in said county, the date <br />aforesaid. <br />