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106250 If the power of aisle is invoked. Trustalmmocord a notice of default In each county in which any Part of the Projunrly is located and shall mail dies of sects ""go in the manacr proscribed by applicabte law to Borrower ad to the other Persm prescribed by applicable low, After the time required by applicable law, Trustee shall give public notice of to the persoes,mW in alto matter prescribed by aWteable law, Trustee, without demand on Borrower, abali sell the PTQ"Y at Pubtler seastion to the bligbest bidder at the time and place and under the forms designated In the Mice of sad In wal or - to `p terashms Truet may postpone sale of all or any taltrf�the Property by mmaw4ecomM of the that and pace of any previously scheduled sale. Lender or Its dellpea may purcism the rfowty aN my U of psymat of the price bid, Trustee sliall deliver to the purchaser T 's deed conveying the . The In tbo T 's dood,shall be Prices foie evident of the trwth of the slatownts In. T the proceeds of the ask In the following order. (a) to all expenses of the sale. Inclusting, but not linshod to. Trustee's by applicable law and nutsupable attorneys' foes; (b) to all sumo secured by this Security IfWravaloW, and (c) any excess to the Person or persons legitlly entitled to it. 20. Leader In Possession. Upon acceleration under paragraph 19 or abandonment of the Property. lender (in 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 ."ten 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)) L7 Adjustable Rate Rider ❑ Condominium Rider M 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 Instrum�en``t and in any rider(s) executed by Borrower and recorded with it. / / ! ( Seal) t Q� l (Sea!) 0T€ �A - Borrower - -r •—Borrower FULS r Seal) (Seal) -Borrower — Borrower ACKNOWLEDGMENT I /We, STEVEN R. KOLB and LAMA E. KOLB ( "Trustor "), under that certain Deed of Trust dated October 22 ltd, 19 87 ( "Deed of Trust ") to be entered into amoung Trustor, LAWYERS TITLE INSURANCE CORPORATION ( "Trustee ") and SUPERIGR tli#tTGAGE, INC P.O. BOX -S-1, 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. Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 22 rid day of October 19 87 Trustor Trustor �MR11 _ -- ,Of Nebraska ) ). colassy of *tall ) The foregoing instrument was acknowledged before the this 22 day of, October 19 87 by Stevan R. Kolb and Laura E. Kolb, Husband and Wife Witness, my hand and notarial seal at Grand Island in said County, the date aforesaid. My carmmissi easpiras. Left 6raMMAIM 1 t._ I,F Not ry Pub! �r f�• 1