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<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and Agree as follows:
<br />1% Acceleration; Remedies. Lander shall give notice to Borrower prior to acceleration following Borrower's
<br />h ofy covenant or teeaanant in shim Security Instrument (but not prior to acceleration under paragraphs 13 and
<br />17 unl applicably law provides otherwise). The notice shall specify: (a) the default; (b) the action required to curs the
<br />default; (tt) a date, not Ices than 30 days from the date the notice isgIvan to Borrower, by which the default must he cured,
<br />and (d) that failure to curt thedefou t on tar before the date specifted 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
<br />right to minataw after acceleration and the right to brin a court action to assert the non-existence of a default or any
<br />of Borrower to acceleration and sale. If the fault is not cared on or before the date specified in the notice,
<br />at its option may ire Immedi payment in full of all sums secured by this Security Instrument without
<br />further
<br />Moo may invoke the power of sale and any other remedies permitted by applicable law. Lender shall he
<br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not
<br />limited to, ressionabile attorneys fen and coats 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
<br />Property is located and shall mail co its of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other prescribed by applicable law. Afar the time required by applicable law, Trustee shall give public notice of
<br />ask to the parsons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the hi$boat bidder at the lima and place and under the terms designated in the notice of sale
<br />in one or morn parceh} and in any order'Trustee determines. Trustee may postpone sale of all or any parcel of the Property
<br />by public asnouneement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any gala.
<br />Upon receipt of pa moot of [he rice bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's shall be prima foie evidence of the truth of the statements made therein.
<br />Trustee ahaB apply the proctada of the sale in the following order: (a) to all expenses of the sale, including, but not
<br />limited to, Trustee's foes as permitted by ap ulicable law and reasonable attorneys' fees; (bl to all sums secured by this
<br />Security Instrument; and (cl any excess to t 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 ro 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 shall
<br />be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to,
<br />receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security
<br />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 casts.
<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. Borrower further requests that copies of the notices of default and 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 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 iwx(es),I
<br />0 Adjustable Rate Rider 0 Condominium Rider 0 2 -4 Family Rider
<br />0 Graduated Payment Rider 0 Planned Unit Development Rider
<br />0 Other(s) [specify I
<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 WA it.
<br />X N ....... (Seal)
<br />oria J. � — Borrower
<br />X. ... .......... (Seal)
<br />Merle J. McCown — Borrower
<br />[Space Bestow This Lino For AcknowtedgmeMI
<br />STATE OF NEBRASKA , Ha 11 .. County ss:
<br />......... ...............................
<br />On this ...... ,16th . , . , , , day of .... �tober.... , 19 . 87 , before me, the undersigned, a Notary Public
<br />duly cggmmissiotied and ualified for said county, personally came
<br />Wiie..................................... ....................,.......... ,to me known to be the
<br />identica6 persons) whose natne(s) are subscribed to the foregoing instrument and acknowledged the execurion thereof to be
<br />.. cho l ..................... voluntary act and deed.
<br />Witness my hand and notarial seal at ......GF.aOd. JAIaPA ....................... in said county, the date
<br />aforesaid.
<br />My Commission expires: March 10, 1990
<br />asums s..m,,,0- -.. - a Notary Public
<br />
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