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MRECQRDE87...., 104959 87-- 104789 If the power of sale 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 rosmiter proscribed by applicable low to Borrower and to the other persons proscribed by applicable law, After the time required by applicable law, Trustee gall give OW PW on of sate to the persons and in the manner prescribed by applicable law. Trustee, without demand go 0orroveor.41m,111411 Property at public auction to the highest bidder at the time and place and under the terms desipolod lotbiiii4wicigir,400 �s one or more parcels and in any order Trustee determines. Trustee may postpone sale of oil or any parcel of a by public announcement at the time and pine of any previously scheduled sale. Lender or its "gift may purchalfe the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Triost®e's deed;t vein ' Property. The recitals in the Trustee's deed shall be pima facie evidence of the truth of the statemstaft made Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the role, Includiam but no A ` to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by ildi-Secilft Instrument; and (c) any 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 mcludtng those past due. Any rents collected by Lender or the recatver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not e limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reeonveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shat) surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. 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 of default and sale be sent to Borrower's ad- dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person set forth herein." 24. Riders to this Security Instrument, if one or more riders are executed by Borrower 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 agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] L7 Adjustable Rate Rider F� Condominium Rider a 2-4 Family Rider 71 Graduated Payment Rider 7 Planned Unit Development Rider Others) [specify] By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. ( Seal) (Seal) l6 pT - eorrower 9M L 5PIEM —Borrower r Seal) Seal) - Borrower —Borrower ACKNOWLEDGMENT I /We, KM y SPMG awl CDW S. 8P1pR ( "Trustor "), under that certain Deed of Trust dated ( "Deed of Trust ") to be entered into amoung Trruusmtor, ("Trustee") and S MIN DC P.O. IE( -r, 6111111111, ISM, NE ME ( "Beneficiary") covering the following described property: LEGAL DESCRIPTION: Sae Freat Pap hereby ackowledge that it is understood that (a) the Deed or Trust to be executed by Trustor is a trust deed and not a mor- tgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage. in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 12 th day of tallest 19 67 — 4-J KURT 7r F" Trustor Stute of Nebraska ) less. CounitY of Hall The foregoing instrument was acknowledged before me this 12th day of, At"t 19 87 by Kurt W. Spiehs and Cindy S. SPiehs Witness my hand and notarial seat at Grand Island in .aid ('pump, the dauc aliac. aid � M ti- onurusswn V%pire9: f t I �totary °nl +lie 0 � i