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L <br />No%-U NI FORM. COVENANTS. Borro% or and Lender further covenant and agree as followst 86--4008-32 <br />19. Acceleration; Remedies. Lender shall pee notice to Borrower prior to acceleration following Borrower's <br />breach of say covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />uuleas applicable law provides otherwise). The notice shall specify. (a) the default; (b) the action required to ewe the <br />default (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default aunt be cawed; <br />and (d) that failure to cure the default on or before the daft specified in the uMice May result in acceleration of the sums <br />secured by this Security Itnrmneat and hale of the Property. Tice notice shall further intern Borrower of the right to <br />reinstate after acceleration and the right to bring a court action to assert the nea- existence of a default or any Other <br />defense of Borrower to acceleration and sale. If the default is not cared on or before the date specified in the notice, Leader <br />at its option shay require immediate payment in fell of all sums secured by this Security Instrument without turner <br />demand tatd any invoke the power of sale and my other rem" by appikable law. Leader soli 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 ask 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 copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other person prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />ask to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public suction to the highest bidder at the time and place and -ender the terms designated in the notice of in <br />one or more parcels and in any order Truster 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 (c) any excess to the person or persons legally entitled to it. <br />20. Leader in Possession. Upon acceleration under paragraph 14 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 tiren 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 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 />addressorhichisthePropertyAddress. B_oo r_ow r urtfieetr rreeques sRthat cyo� ie of the notices of de cult <br />24. Riders to this Securitylnstrut fkl4fs e rt�Ht'e�'tid�%� cif rgR �ttQ party hereto at t e <br />e riY otVE 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 />u. Adjustable Rate Rider Condominium Rider 2-4 Family Rider <br />Graduated Payment Rider Planned Unit Development Rider <br />7: 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 it. <br />." /'�6�%� - <br />FREDRICK A. BOSSF.LILMI - Borrower <br />.................. .. .... ......... ......................... ..._.............. (Seal) <br />— Bcrrower <br />Moace Below This Line For Ack—ledgrmntl <br />STATE of NEBRASKA -. Rail ... .. .. Courtly S5. <br />On this ...20th day of... February. . !9.86 .. t�:forc me. tic unucrs, ^tied. a .' cotar- <br />duly cotn:.lssioned and qualified 'or said county, personally came ,Fredrick A. Bosselman, A Single <br />erson.................. .... ......... - ............ . ........... to me <br />identical person(k) whose namc54) are subscribed to the foregoing mstrurn;nt and ickn ow•led,.,cc <br />thereof to be ....his .... _ . voluntary act and deed <br />Witness my hand and notarial seal at. , .Grand..Lsland ... ... <br />date afptesatd. <br />My Commission expires: October 10, 1988 r <br />�- SHARON L. BAKER <br />atsnastn tnwwn- a.n. r asM..sa <br />SHAWN L eAttEJt <br />1 Mrttinuaftg0A141t9! REOU'EST FOR R1_CONV YA'.11"_` <br />To TAus,it. <br />T :.,r :dcr,�prtd rs the "o d.cc ,i the r!t;;c of xC.,rr :' <br />M <br />