|
L
<br />87- 102930
<br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Leader shalt give mxice to Borrower prior 90 acceleration following Borrower's
<br />bleach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and
<br />I7 unless applicable law, provides otherwise). The notice shall specify: (a) the default•, (b) the action required to cure the
<br />default, (c) a date, of 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 />=rigbt so
<br />to reinstate after acceleration and the right to bring a court action to asrr the non-existence of a default or any
<br />defense of Borrower to accelerstion 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 yment in full of all sums secured by this Security Instrument without
<br />futxhar�maad and may invoke the power osale 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 too, reasonable Attorneys' fees and casts of title evidence.
<br />If the power of sale is invoked, Trustee shalt record a notice of default in each county in which say pact of the
<br />Property is located and shall trail 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 />ask ro 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 />by public announcement t in the time and Trustee place ��ievi Trustee me Y Post sale of all or any tercel of the Property
<br />Property at any ask. Y Previously scheduled sot e. Lender or its designee may purchase the
<br />UPon receipt of payment of the price bid, Trustee shall deliver to the Purchaser Trustee's deed conveying the
<br />Property. 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
<br />limited I nstrument, and (c) any excess fees as permitted by ap order. (a) to all expenses of the sale, including, but not
<br />Security plicable law and reasonable attorneys' fees; (b) to all sums secured by this
<br />he the person or persons legally entitled to it. pe
<br />person, by agent or by judicially Appointed receiver)nshaltbepentitled Ito) noteraupon,ttakent use. stein otf and manage the
<br />Property and if) collect the rents of e Property including those past due. Any rentscullected 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 hen to the sums secured by this Security
<br />Instrument.
<br />11. Reeonveyance. 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 rmonvey he Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation cults.
<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 he county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the ride, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />23. "uest for Notices. Burrower requests that copies of he notices of default and sale be sent to &grower's
<br />address which is the Property Address. Burrower further requests that copies of rite 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 Burrower and recurcied 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 his Security Instrument as if the riders) were a part of this Security
<br />Instrument. ICheck applicable box(es),I
<br />❑ Adjustable Rate Rider ❑ Cunilominium Rider
<br />f Family Rider ❑ Graduated Payment Rider ❑Planned Unit Development
<br />Rider
<br />❑Other(s) I 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 rectirdlod1with it.
<br />Cecil' B. Ro' le (Seal)
<br />Y Borrower
<br />C . .. (Sea!)
<br />Larry . Royle _ Borrower
<br />Isrut» 9etow This tine Fw Acknowtedgmer,tl
<br />STATE OF NEBRASKA, ......... Not. l .l ............................. County ss:
<br />On his ?-15t .. _ , , , • . , day of ..Max ........... , I I .87. , i before me, he undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came - .�gC,l �) a, B t • Roe 1 e, and, Larry, ,E . Roy,1 ?, .
<br />tornetobthe
<br />identical person name
<br />(s) whose nams) are subscribed to the foregoing instrument and acknowledged he executions hereof to be
<br />• • • tberr :..................... voluntar
<br />Aforesaid. ... Q'I -a10- Js y act and deed.
<br />Witness my hand and notarial sea! at ...hoot. Rora.S,ka• • • ... • , , , , • in said county, the date
<br />My Ctxnmissiun expires:
<br />Notary pub
<br />.......................
<br />u7a;�bc
<br />
|