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Now - UNIFORM COVENAN IS 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 />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />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 days from the date the notice is given to Borrower, by which the default most be cured;
<br />asal (d) that failure to care the default on or before the date specified in 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 right to
<br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration and sale. If tits default is not cured on or before the date specified In the notice, Lender
<br />at its option may require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />It 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 mall copies of such notice in the manner 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 />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 notice of sale in
<br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place of any previously scheduled sale. Lender 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 be prima facie evidence of the truth of the statements made therein.
<br />Trustee 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 fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />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 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 law.
<br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to this 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 Rate Rider [] Condominium Rider ] 2-4 Family Rider
<br />Graduated Payment Rider ❑ Planned Unit Development Rider
<br />n Other(s) [specify] ACKNOWLEDGMENT
<br />BY SIGNING BELOW Borrower accepts and agrees to the terms and covenants
<br />Instrument and in any rider(s) executed by Borrower and recorded with it'
<br />contained in this Security
<br />—A -_ _ /
<br />...................... .................................... ...................._........ .. ..:. ................, i..... ate. Afc::............(Seal)
<br />FORK ST L. STATE / — 6orrower
<br />// ?, ln
<br />'/.. � .................................. ............................... (Seal)
<br />TWYL R. STATES
<br />STATE of NEBRASKA. HALL
<br />County ss:
<br />On this 12TH day of OCTOBER , 19 B7 , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came FORREST L. STATES AND TWYLA R. STATES,
<br />HUSBAND AND WIFE, , to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />Thereof to he THEIR voluntary act and decd.
<br />Witness my hand and notarial seal at GRAND ISLAND, NEBRASKA in said county, the
<br />date aforesaid.
<br />My Commission expires: 0
<br />♦ �� —`rte 4 �
<br />Am XTUYS>m or Ile Nola, PubI ,
<br />C.6.KASKII: RI.0I;ES -1 1•014 RE.(.:0NVf.YAN( 1..
<br />In- RusTh.F
<br />ibc undersigned is the holder of the note or nol(� ,(oltcd he Ih1, I)ced of 1111,1 5.110 nil'. nI m,te.. I„pn lh:v
<br />%eth ail other Indchledness secured by lhn Deed of I ntst, htne heal 111i1d In till ) MI ,uc herChs ,h1 c, I"d I,,,,u1, it -.ud
<br />note or notes and tills Decd of irtr,t, 4111:1 tuc deli": red fetch,,. .Intl In Iee„u"r . "101-It �.ul,uus, .111 U1c r -ru,
<br />now held by you under tilts Decd of Irnsl to the Irertiotl „r .'balk 1111111,1 ihrIc1 -1
<br />Im
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