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J 7 105821 If the power of safe 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 proscribed by applicable law to Borrower and to the other persons prescribed by o"llcable law, After the time required by applicable law. Trustee shall give public notice of safe to the persons nod in the maanor prescribed by applicable low, Trustee, without demand on Borrower, shall all the Property at public auction to the highest bidder at the time and place and under the terms designated In the notice of We in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of'the Property by public sonouncement at the time and place of say previously scheduled safe. Lender or its designee may purelmew the Property at any sale. Upon roceipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitralit In the Tromso's deed shall be prima facie evidence of the truth of the statements made therein, Trustee WWI apply the proceeds of the We in the following order: (a) to all ex poem of the sale, including, but not limited to T 's loos as permitted by applicable low and r attorneys' feast (b) to all soma secured by this Security Instrumewt, and (c) any excess to the person or perms laillailly 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 Instrument. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall 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)] ❑ (] Adjustable Rate Rider Condominium Rider L7 2-4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Rider ❑ Other(s) [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. t Seal) (Seal) r ` - Borrower A. — Borrower Seal) (Seal) - Borrower — B0"o"�r ACKNOWLEDGMENT 1 /We, DAVID 6. GRIMES, Sc. are CaL01 A. GCimes , ("Trustor"), under that certain Deed of Trust dated Septesber 29 th, 19 87 ( "Deed of Trust ") to be entered into amoung Trustor, ( "Trustee ") and SiMI6R MO(T61K, INC P.O. BOX V, OVA ISLAND, HE 6+)642 ( "Beneficiary ") covering the following described property: LEGAL DESCRIPTION: See Front Pale hereby ackowledge that it is understood that (a) the Deed of 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 29 th day of bet 19 Trustor DAVID 6. GRIMES Stan of Nebraska ) )ss• C:erap of HeU ) The foregoing instrument was acknowledged before me this 29th day of', Sq tmtbw ,19 97 , by DeNid G. Gcialae, SC. ra'1t:', total A. finb 6 ctld Vti>LR Witness my hand and nnoiarial seal at t My commsssiun eapr s: as or No rY I'll 11llt I MR UM in said i'ounty, [tie lane aforesaid