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IN
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<br />86--- 101619
<br />NON - UNIFORM COVENAN-M Borrower and Lender further covenant and agree as follows:
<br />19, Acceleration; RemedleL Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />broACia of any covesant of agr Cement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />tmks applicahk law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />defsit; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default most be cured;
<br />and (d) tbat failure to care the default on or before the date specified in the notice may result its acceleration of the sums
<br />secured by tbis Secwky Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />ate after Acceleration and the right to bring a court action to assert the Ron- existence of a default or any other
<br />defenae of Borrower to acceleration and sale. If the default is not curled 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 />, I I and may invoke the power of sale and any other remedies permitted by applicable law. Leader 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 shalt snail 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 place 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 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 coilection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then 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 request.% that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<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 box(es)]
<br />❑ Adjustable Rate Rider 7, Condominium Rider 2-4 Family Rider
<br />!�1 Graduated Payment Rider Planned Unit Development Rider
<br />Cj 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 />//
<br />:..:.:. fy ........ :... ........ .. c p .. .............. . (Seal)
<br />TimoW. J. Ellenwood -aOiDMe'
<br />...�.. :r3_ U .sue (Seal)
<br />Pamela S. Ellenwood
<br />--- [SDace eerow This Line Fo, Acknowledgment) —
<br />STATE OF NEBRASM. ......... Hall. s
<br />On this ....lat ... day of ....Apri,.],........... i9S6 . before nee, the
<br />undersigned, a Notary Pub-lic duly coninissioned and qualified f.ur said county,
<br />persona I I canK-2 . T MtJV. J:. 9,1JiAwwa Arta PAjrye ci S.•. F�Jggnwppd ... . ... . . . . . .
<br />....MAh" X%a Wif-g .................. . ............ . to n>E kncnan to be the
<br />identical person(s) whose narrw(s) are s:;tscribed tc, the fcjr -going instrument
<br />and acknowledged the ex r-ut i c,n +- herec,f to tk= ... theiF ... c: unt.ary act and
<br />deed.
<br />WI It , -I(, it • hand 1 �' >e :- ., t .. Gx;ajn$ , jpJ apes ................. ...
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