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R7-- 103304 14 Er NON - UNIFORM Covstvw.n rs. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Lender aball give notice N Borrower prior to acceleration following Borrower's ,weach of any covenant or agreement in this Security Instrument (but not prier to acceleration under paragraphs 13 and 17 unien applicable law provides otherwise). The entice shall specify: (a) the defcult; (6) the action required to cure the dereett; (c) a date„ not leas than 30 days from the date the notice Is given to Borrower, by which the default must be carat; and (d) that failare to care the default on or before the date spedfiel its the notice may result in acceleration of the sums secured by this Security Instrument sad sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to asser4 the non - existence of a default or any other defense of Borrower to acceleration and sale If the default is not erred on or before the date specified in the notice, Leader at its option may require immediate payment in fail of all suns seared by this Security Instrument without further demand and may invoke the power of sale sad any other remedies permitted by applicable law. Lender shall, be entitled to collect all expenses interred in i.arauing the remedies provided in this paragraph 19, including, but not limited to, ressmabi attorneys' fees mad costs of title evidence. If the power of sak is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall 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 sale to the persons and in the ubmner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more ponds and in nay order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender 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 facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the mile, including, but not limited to, Trnstee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) my 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 (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 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 attorneys' fees, and then to the sums secured by this Security Instr...uent 2L Reeosveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reaenvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Truster. 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 pf default and sale be seat to lorrao�er's addresswitiehisthepropertyAddreay bOrrover zurther requests that topics of the notices of etas t sale b:. s i.�i c o a arty t to at the address of such r sec io ti her�in- 'td'eeemtty'one or more riders are execute�byorrowrr 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 agreement-, of this Security Instrument as if the rider(s) were a part of this Security Instrument [Cluck applicable box(es)) Adjustable Rate Rider RR Condominium Rider ❑ 2-4 Family Rider Gl Graduated Payment Rider 7 Planned Unit Development Rider 0 Other(m) [specify] By SIGNING BELOW. Borrower accepts and agrees to the terms and cow is contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it l j 3 "'- .............(seal) PU r.. .: "C siYH,' - fTT-._ ................ — eono.a. �� ................. J. ............(seal) arafi F..._. au • — 9o.rowar i5wc. Sm. tires La mar Acme."C—Ml State of: Nebraska ) County of: Ha11 )SS: On this 29th day of May , 19 87 , before me, a Notary public in th State of Nebraska personally appeared peter H. Claussen, III and Sarah F. C�aussen, husband and wife to ere personally known to be theturson(s) named in and who exe qsited the foregoing instrument, and acknowledged that y executed the same as their voluntary act and deed. My Counission Fa7izm: GxTi FUMIC �(ilnHie i'rOt�ry -SiRI! i! ti�bt614` sqi =':c HOLM:-f6r 1i ++.:am+r, t +P Dee 12' 1989