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NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follow..:
<br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of Bay covenant or altroement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />union 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 must be cured;
<br />Bad (d) that failure to cure the default on or before the date specified in the notice may result in aceelenlion of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shell further Inform Borrower of the right to
<br />reltwtate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />deform of Borrower to acceleration and sale. If the 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 />If the power of sale is invoked, Trustee shall record a notice of default In each county in which any part of the 3
<br />Property is located and shall mail 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 en 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 (et any excess to the person or persons legally entitled to it,
<br />20. Lender in Possession. Upon acceleration under paragraph lt) 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 ro
<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 recomey 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 1 -4 Family Rider
<br />Ei Graduated Payment Rider Planned Unit Development Rider
<br />Ex]. Other(s) [specify] Adjustable Rate Assumption Rider
<br />�s
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
<br />c�C.Gzr.tf -c //� Fl..... "..:. ....:. ..(Seal)
<br />•i> /(o t, .t!! Cr 3. J �! ;k Iii l(ALOTAAY • Etat s McCREERY — Borrower
<br />— J BEVERLY J. R
<br />W ,
<br />MY Comm, txyY 4...... `.. ...... " .......
<br />�/1, v E. M� ... .� / —Borrower
<br />'7 6� Yk,x ,d.Q-CVv. ��j(�C�ca -? �" /�' '� axe 9abw This Lim For lkMnowladAmenl] -
<br />ACKNOWLEDGMENT
<br />We, John K. McCreery and Frances E. McCreery, Husband and Wife,
<br />( "Borrower"), under that certain Deed of Trust dated October 16, 1987,
<br />( "Deed of Trust ") to be entered into amoung Trustor, Grand Island Abstract,
<br />Escrow and Title Company, ( "Trustee ") and Citicorp Mortgage, Inc.
<br />670 Mason Ridge Center Drive,St.Louis, MO 63141 ( "Beneficiary ") covering
<br />the following described property[
<br />Legal Description; See Front Page.
<br />Hereby acknowledge that it is understood that (a) the Deed of Trust
<br />to be executed by Trustor is a trust deed and not a mortgage and (b)
<br />the power of sale provided for in the Deed of Trust provides substan-
<br />tially different rights and obligations to the Trustor than a mortgage
<br />in the event of a default of breach of obligation.
<br />Trustor Acknowledges that this Acknowledgment was made prior to t.ho
<br />execution of the Deed of Trust.
<br />Exocuttpdd a'n /ddN:liverr -d this 16th day of October, 1987
<br />r r
<br />rustor Jahn K. revery Trustor, i:rancra(4 P. Mccr.,a''ry
<br />?
<br />Subsr:ribwd an t. (s IGr y t'�f lr`i l')87.
<br />IML R t3�11MdER % try
<br />Not ;
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