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86- 101866 <br />NON - UNIFORM COVENANTS. B.nrower and Lender further cuvcnant and agree as hollows: <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 <br />17 unless applicable law provides otherwise). The notice shall specify: is) the default; (h) the action required to cure the <br />default; (c) adate, not less than 30days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d1 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 <br />right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any <br />other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, <br />Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be <br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not <br />limited to, reasonable attorneys' fees and costs of tide 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 place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property <br />by 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 <br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys fees; (b) to all sums secured by this <br />Security 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 tin <br />person, by agent or by judicially ippointtd receiver) shall be entitled to enter upon, take possession of and manage the <br />Property and tocollect the rents of the Property including those past duc. Any rents collected by Lender or the receiver shall <br />be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited tit, <br />receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security <br />instrument. <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Leader 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 ao 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 front t inne to time remove Trustee and appoint a successor trustee <br />to any 'trustee appointed hereunder by an instrument recorded in the couniv 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 />Truster 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. Burrower further requests that copies of the notices of default and sale be sent ro each <br />person who is a party hereto at the address of such person set forth herein. <br />23. 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 .tgrevnientN of this Security Instrument as if the rideris) were a part of this Seaurny <br />Instrument. [Check applicable box,es!.7 <br />❑ Adjustable Rate Rider ❑ (.ondtmmniurn Rider ❑ ?- i Family Rider <br />06raduated Payment Rider ❑ Planned Unit I)e%elopmcnt Rider <br />❑Other(sl (specify) <br />BY SIGNING BELOW, Borrower ;accepts anti agrees ro the rents and (mcnanrs cuntiined in this Security <br />Instrument and in any nderi s± executed by Born,wrr and recorded w oh it <br />X . <br />i <br />...y . ...............7 ...................;Seal[ <br />dohn L. Sullivan - Borrower <br />. ...;� U..... . <br />tSeal) <br />Kimberly J. ivart Borrower <br />(Specs Below This Line For Acknowledgment) - <br />STATE OF NEBRASKA. ...........IRa 1.1 .. . ...................... County ss <br />On this ..... yth......... day tut .......4F.i.l ... Iv ..$�., bvtoie me. thr undersigned, i Notary Public <br />duly commissioned and qualified for said county, personally came . Jghn. L...Su.1l.i.va.n and Kimberly. J, <br />?u.�; Yr�Ra .Hu8b8[tf1..a4�. MT1 �� ................ ............................... . to the known to be the <br />identical personts) whose namets t are subscribed to the• foregoing instrument and atknowlcdgcd the exen.tuun [hcrrul n, be <br />their.......... yolunrary act and deed. <br />Witness my hand and notarial seal at ....Grand. Is.land.,.. DIE ................. in said eounry, the date <br />afotesaid. l <br />dly Conntnission rx irrs march 10, 1990 <br />Nola,, P t!,c <br />