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! r If the power of sale is Invoked, Trustor shall record a notice of default !n each county in which any pert of the Property Is located and shah man of such Rothe in the manner prescribed by ica_ble law to Borrower and to the other Persons rVacribeal by awkok law. After the'time ir#4 by applicable law, Trustee shall give isdalk notice of ask to the partaoms Rod to tito momaor larwrillstal by aWleable law, True", without demand on Borrower, shall Wl the Property at to the Mobw bidder at the Hams Rod plotso mol under the t to t _ e of in on or owe porah and in any order Trumov dowasloss, Trustee may laostposto ask atoll or any parcel aftbe Proporty by POW t M the tim and piece of any previously sehotholed "k. Leader or it* dowsm may eh Property at say Upon, rectio of paywo of to larke bid, Tnum 4411 diver to the r T 's dood otsoarsyllop the The reeiatk (n the Trustee's be prins a fttcfe ovidtmen of ft troth of the took thergia, Tessin dw# aWy the proceeds of the ask In the foUowt eft (a) to all expenses of the sold, odo%bank mitt limit 44 T 's by i low and reasonable #a9mys, [ (b) to all sums wwW by y 1 t (e) any ox to the or y entitled to it, 2Q in U t acceleration under par. graph 19 or abandonment of the Pr i person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take poswssion d manager the Property and 10 collect the rents of the Property including tbose 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, fender 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 Tutee. 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 _J 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)] 5Z Adjustable Rate Rider E] Condominium Rider 2--4 Family Rider Graduated Payment Rider ❑ Planned Unit Development Rider J Other(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any /rid�er(s/) executed by Borrower and recorded with it. ( Seal) <7, (Seal) f •eorrower Lam' '� — Eiorrpprr r Seal) (Seal) - Borrower — awrower ACKNOWLEDGMENT I /We, WILLARD W. CANTIN and LUCILLE F. CANTIN ( "Truster "), under that certain Deed of Trust dated October 20 tit, 19 87 ( "Deed of Trust ") to be entered into amoung Trustor, LAWYERS TITLE INSURANCE CORPORATION ( "Trustee ") and MRIOR MORTGAGE, INC P.O. BOX "S ", GRAND ISLAND, HE 68802 ( "Beneficiary ") covering the following described property: LEGAL DESCRIPTION: See Front Page 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. Truster Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 20 th day of October 19 87 Trustor^ Trustot IUT ILtE "� stow of N*bM" . of Hall ) The foregoing instrument was acknowledged before me this 20th day of, October ,19 87 ,by Willard W. Cantin and Lucille F. Cantin, Husband and Wife Wunesss my hand and notarial seal at Grand Island in %aid County, the date aforesaid. MV s rni km e=xpires: .4 E Not ry PuFtiliu J