|
r
<br />vv 1UU0rd*JqJ
<br />NUN - UNIFORM COVENANTS. 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 or 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 must be cured;
<br />and (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 nay tither
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Leader
<br />at its option may require immediate payment in fall of all sums secured by this Security Instrument without further
<br />demand and way invoke the power of ask and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect M expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable atterseys' flees 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
<br />Property is located and shall wall copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other parsons 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 wore 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 pr Leeds 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, Lende. fin
<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 ti.en to the sums secured by
<br />this Security Instrument.
<br />21. Reeonveyance. 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 isthrPropertyAddress. Bo row r further reques s that copie of the notices of default
<br />24. Riders to this Security lnstrutMte+ stet_ -tiZ R�r Q�b�*hQ mm party hereto at the
<br />ecttr aYe`ttdbi�` rctif t59' ttoit�t 5rtd "recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall he 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 J Condominium Rider 2-4 Family Rider
<br />Graduated Payment Rider a Planned Unit Development Rider
<br />Other(s) [specify]
<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 u.
<br />�- (Seal)
<br />K�1�15�'1'li... WEL�: S....:.: ....... .......... .....................- Borrower
<br />7\
<br />(Seal)
<br />TERESA J. WELLS — Borrower
<br />- - - - -- [Soace Below This tme For Acknowledgment] - - - -- -- - - - - --
<br />STATEof NEBRASKA,.Hall. County sec:
<br />On this .... .15th , ..day of , , January 1986... ikfOrl• mc. the unrjcrs)7ned, a :�atary ?sal
<br />duly commissioned and qualified for said county, personally came renneth L.. Wells. and. ,Teresa, .1. Wells,
<br />Husband and Wife to me ktncwr. :o
<br />identical person(-t. -). whose namc(4 -are subscribcd to the foregoing ias;rurt;it and acknowled :c tic
<br />thereof to be. , , , ,their voluniury act and deed.
<br />Witness my hand and notarial seal at. .. , , . , grand Island
<br />date afo.esaid.
<br />i
<br />My Commission expires: October 10,1988
<br />tlrlwAtMrAllt- NNSANAwsW SHARON L. BAKER'
<br />SHAWN L TAKER
<br />waaw6potclailM REOU,F.ST FOR RECONV C YANCS
<br />t•
<br />To Till u S t r I. leis.
<br />»m
<br />Tt„ undersigned % the holder of the no;c Or notes genic,! i;y =h: , DU-1 ; , ,t z:..
<br />wit!. , :i :�i. }ter •��Ne,rcd� ±ss _ti, by thi, Iked o.'Irw., 1•..,tc'r, en 1. .i ., f,.,i � �, . - ,•c.
<br />taiti n�tc r;r �,,;te5 a':d n os 1)t,d of lrtist. whi h ar^
<br />65L, - :)w ' t1J `.v yn, urt�Jr� •r " ?c�i, „� f rv,; ; i
<br />
|