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1 w <br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Acesim Leader shall give notice to Borrower prior to acceleration following Borrower's <br />breech of my covenant ar glipconent In this Security Instrument (but oat prior to acceleration under paragraphis 12 and 17 <br />mom appReable law provides otherwila). The notice shall specify: (a) the default; (b) the action required to ewe the <br />"Aft (c) a daft not ka ulna 30 days hom the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that hihtre to cure the default on or before the data specified In the eotice MAY result is acceleratiea of the sums <br />secured by this Security Instrument sad sale of the Property. The notice shall further inform Borrower of the right to <br />relastale after acceleration and the rat to bring a court action to assert the non- existence of a default or any other <br />deflimse of Borrower to acceleration sad sal. If the default Is not cared on or before the date specified in the notice, Leader <br />at Its option may require Immediate payment to to of all rams secured by this Security Instrument without further <br />demand and may Invoke the power of male and my ether ressalies permitted by applicable law. Leader shall be entitled to <br />colt t an expenses insurred is pursuing the remadles provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' teas and costs of tide evideaee. <br />If the power of ask is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located sad shall mail coon of suck notice in the mummer 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 />ak to the puns and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the bighest bidder at the time and place and under the terms designatedin the notice of sale In <br />on or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />pmMic announesment at the time and place of nay previously scheduled sale. Lender or its designee may purchase the <br />Property at any auk. <br />Upon receipt of payment of the price bid, Trustee shall diver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima face evidence of the truth of the statements made therein. <br />Truce shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited <br />to, Trustee's foss as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />hwavaient; and (c) any excess to the person or persons legally entitled to it. <br />20. Leader is 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 <br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not <br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveyance. 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 paw. <br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address <br />which is the Property Address. Borrower further requests that copies of the notice of default and notice of 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 tots 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)] <br />❑ Adjustable Fate Rider ❑ Condominium Rider ❑ 2-4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />❑ <br />Other(s) [specify] <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants ined in t • Security <br />Instrument and in any rider(s) executed by Borrower and recorded with <br />`� �.. ................ (Seal) <br />Jeffrey .t 4Bo rk -Borrower <br />Barif, r�u ...................(Seal) <br />K. Bourke —Borrower <br />STATE of NaRsAsxA ...................ila.0 ............. •........ ....................... County Be: <br />On this ....... 3lsc.__,.,•,••,. day of August 19 -. 87 before me, the undersigned, a Notary Public <br />duly commiissioned and qualified for said county, Peesonally came ..................................... ............................... <br />JRffrgy. T,, Bourke and Kari K. Bourke,•- husba}pd, and, .wide,... ........ ... ....... . .•, to me known to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execu- <br />tion thereof to be ..... their............................................................................ voluntary act and deed. <br />Witness my hand and notarial seal at ................. Grand,. Island................................... in said county, the <br />date of <br />My c4mmission "ph".. <br />cc <br />tN 11 !!< Ndvy t <br />Exp. Act <br />W portunity /Affirmative Action Employer M /F. <br />�. - - --- - (!ass below This Lbw For ackeawtadrraMl <br />