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and ( d) that failure to cure the default onor before thedate specifiedin 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 />rigght to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any
<br />exher defease of Borrower to acceleration and sale. If the default is not cured on or before the elate 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 safe and any other remedies permitted by applicable law. Lender shall be a
<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 costs 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 copPies of such notice in the manner prescribed by applicable law to Borrowerauf to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public noticrof z
<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 not ice of sale t d a
<br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property r '
<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 price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall Ix prima facie evidence of the truth of the statements made thereto.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not
<br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this
<br />Security Instrument; and (c) any excess to the person or persons legally entitled to 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 Properly 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 i he Property and collection of rents, including, but not limited to,
<br />receiver's fees, premiums tin receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security
<br />Instrument.
<br />21. Reconveyance. Upon payment of all sums seuued by this Security Instrument, fender 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 saccerd to all the title, power and duties conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices. Borrower requests chat 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 Harrower 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),I
<br />• Adjustable Rate Rider ❑ Condominium Rider ❑ 2-1 Family Rider
<br />• Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ (hher(s) I specify I
<br />BY SIGNING BELOW, Borrower accepts and agrees to the r. -rms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with its� BB Q
<br />X ..... (Seal)
<br />Richard-S. Lavala — Borrower
<br />..................... ...................... (Seal)
<br />X Bobbi A. Zavala V — Borrower
<br />(Specs allow This tins Fin Acki —tot pmantl
<br />STATE OF NEBRASKA . ............Hall „ _ ...................... County ss:
<br />On this .... 2 §0......... day of .. JArtg........ . . 19 �..., before me. the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came . R}�hard, .�...Z,gY$�e . and .$ebb. . P.•..yiEYR1 S,
<br />.HASEk@Ra .00.!` We ............................ ............................... .to me known to be the
<br />identical person(s) whose camels) are subscribed ur the foregoing instrument and acknowledged the execution thereof m be
<br />Tllor ...................... . . voluntary act and deed. V
<br />Witness my hand and notarial seal at Grand Island, Ne . . .... . . ... . . . in said county, the date
<br />aforesaid.
<br />D
<br />My Gntmission expires. March 10, 1990
<br />..............�Q Y4�t...:..............4ra......
<br />Notary Public
<br />0 M 4 IGO 1 t 1 w1
<br />r`
<br />b.
<br />103830
<br />87-
<br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's ;
<br />;
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs Band
<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 dot from the date the notice is oven to Borrower, by which the default mast be cured;
<br />yyas �$
<br />STATE OF NEBRASKA . ............Hall „ _ ...................... County ss:
<br />On this .... 2 §0......... day of .. JArtg........ . . 19 �..., before me. the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came . R}�hard, .�...Z,gY$�e . and .$ebb. . P.•..yiEYR1 S,
<br />.HASEk@Ra .00.!` We ............................ ............................... .to me known to be the
<br />identical person(s) whose camels) are subscribed ur the foregoing instrument and acknowledged the execution thereof m be
<br />Tllor ...................... . . voluntary act and deed. V
<br />Witness my hand and notarial seal at Grand Island, Ne . . .... . . ... . . . in said county, the date
<br />aforesaid.
<br />D
<br />My Gntmission expires. March 10, 1990
<br />..............�Q Y4�t...:..............4ra......
<br />Notary Public
<br />0 M 4 IGO 1 t 1 w1
<br />r`
<br />b.
<br />
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