|
86-- 1ft1
<br />PION- UNIFORM COY ENANTS Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Rend. Leander shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of arty covenant or agreement in this Security Instsmneat abut not prior to acceleration under paragraphs 13 and 17
<br />miless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (e) a date, not loss thou 30 days from the date the notice is given to Borrower, by which the default must be cured-,
<br />and (d) that fadhtre to cure the default a or before the date specified in the notice may result in acceleration of the sums
<br />secured by tlpa Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after ameleration and the tight to bring a court action to assert the non- existence of a default or any other
<br />ie/- of Borrower to acceleration nand sale. If the default is out 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 invoice 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 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 />ask to the persons and in the manner prescribed by applicable taw. 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 say 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 collection 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 shalt 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 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 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 />x
<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[ evil Rider
<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 />1
<br />/.!ii':. ✓!^ �...- ...z.....1:$..... �? ...................(sea))
<br />Me1Vin W. Meyer t — Borrower
<br />'...�v�✓......i....ttiAEyJ'�`. ..._
<br />...... ................(Seal)
<br />Jo A# Meyer j/ — 9ortnwer
<br />— t5pse Below This tine For Acknowledgm tl
<br />STATE OF ... Nebraska .................
<br />I SS:
<br />Ha I I
<br />h the undersi ned $ a Notary Public in and for said count y and state. do hereby certify that
<br />.............................
<br />Melvin W: Ma�rec and Jo Ann Meyer ................................................. personally appeared
<br />before me and is (are) known or proved to me to are the person(s) who, being informed of the contents of the foregoing instrument,
<br />have executed same. and acknowledged said instrument to be. .t tle, ir, , , , , , , , , , , , , , free and voluntary act and deed and that
<br />(his, her, their)
<br />J
<br />..they............... executed said instrument for the purposes and uses therein set forth.
<br />L(Ire. she. they)
<br />Witres my hand and official seal this.. L( ?th ...... . . . ... . .. ...... stay of .. NOV),I ... .................... 19:9b...
<br />i�`p•,
<br />to
<br />My Comntisaion 4
<br />if�k tgiMl" -SWU k tntkutu
<br />?F MSE KAY lOWAY ...... lC Y, .v (SI -AL)
<br />-� Notary public
<br />77i` :? =t95!rUi' ten! `r.,tt prepared by ................................ ....... .......... .. _ .. ... _ .... .
<br />+fY t
<br />
|