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r <br />L <br />!10%- L_N1HJX Il.l.1YtNA1 IN DUIa tinge of •— •r- - <br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of 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; (h) the action required to cure the <br />default; (c) a date, not less 111211130 days from the date the notice is given to Borrower, by which the default must be cured: <br />and (d) that failure to cure 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 any other <br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice. Lender <br />at its option may require immediate payment in full of all sums secured by this Security Instrument without further <br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall 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 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 copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons 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 mace and under the terms designated in the notice of sale in <br />one or more 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 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. 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 he entitled to enter upon, take possession of and nianage (tie <br />Property and to collect the rents of the F .iperiy including those past due. Any rents collected by Lender or the receiver <br />shall he 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 hoods and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveyance. Upon payment of al( 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 persori m 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 he sent to Borrower's <br />address which is the Property Address. *CONTINUED BELOW <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 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 Condominium Rider 2-4 family Rider <br />Graduated Payment Rider Planned Unit Development Rider <br />Other(s) [specify) <br />By SI(;1,IN6 BEtOw. Borrower accepts and agrees to the terms and covenant )ontained in ihu Security <br />Instrument and in any rider(s) executed by Borrower and recur with it. �l} <br />f k <br />tyroA E. Bowling <br />iU i <br />r� yi. -rim. (Seal) <br />Jean A. Bowling <br />(Space Below This Line For Acknowledgment] ----------'----- - ----- <br />*Borrower further requests that copies of the notice of default and notice of sale be <br />of such person set forth <br />sent to each person who is a party hereto at the address <br />herein. <br />STATE of NFBRMKA--- ..... klall......... --- _ ............... .- -- .. --- -- -... .....County ss: <br />On this .......... Nth ......... day of .February ..... - -. 198 §_.., ilefore me, the undersigned, a Notary Public <br />duly coinralissioned and qualified for said county, personall y came ............................... __. .......... .. ............... •-- <br />Byron F. Bowling and Sean A. Bowling, husband and wife, to me known to be the <br />identical person (8) whose natne(s) are subscribed to the foregoing instrument and acknowledged the execu. <br />lion thereof to be _. their - - .... --- .- .._..._..... voluntary act and deed. <br />Witness my hand and notarial seal at .. Grand Island, Nebraska in said county, the <br />MIA <br />data aforesaid. <br />�i1 <br />�1 <br />%IV Comnnnswn ex Ines: <br />r[�ui <br />A 00 <br />%.-111 -v an l.t)ll"d E'lliplrfynil -nt 01,p„ri u futvj Alilrimir o,,• _%ci ifin t• w;,l- 1'1''11;')'. <br />