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ae- 00- 102583 Nov-UNlF0X%1 COVENANTS. B0ff0wCr And Lender further covenant and agree as follows: 19. Acceleration; Remedies. Leader "I itive Notice to Borrower prior to acceleration following Borrower's breach of any covenant or agireenstat in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 indess applic" law provides odwvwkt). Tie notice shall specify: fa) the default, (b) the action required to cure the default; (c) a date. . met le than 30 days from,the daft the notice is given to Borrower, by which the default must be cur ed sad (d) that failure to care the default on or befare the doe specified in the notice may result in acceleration of the sums secured by this Security Instrument OW ssk Of the Property. The notice shall further inform Borrower of the right to relimme aftar acceleration mul the right to bring a coon action to assert the non-existence of a default or any other defense of Borrower to sectleTation and sole. If the default is not cured on or before the date spec ified in the notice, Lender at its option my "ire immed We payment in run of an sums secured by this Security Instrument without further M dem mul sail Y I ed to invoke the,power of oak and any other remedies permitted by applicable law. Leader shall be entitled collect oil expeam incurred in pairsaing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and casts of title evMtNu. If the power of sale k invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by aplificablet law. After the time required by applicable law. Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable low. Trustee. without demand on Borrower, shall sell the Property at public auction to the highiesilt bidder at the time and place said under the terms designated in the notice of sale in one or more parcels and in any ceder Trustee determines, Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sole. Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed comeyinR the Property. The recitals in the Trustees deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; M to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender (in person, by agent or by,judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from it me to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyanc-, of the Property, the successor trustee shall succeed to all the title, le, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the not,ces of default and sale be sent to Borrower's address which is the Property Address. *CONTINUED BELOW 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as d the rider(si were a part of this Security Instrument. [Check applicable box(es)] Adjustable Rate Rider Cond ominium -7 Condom Rider 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider Other(s) [specify] By Sic.,.,jN,(i BELow. Borrower accepts and agrees to the terms.and co%t�ririts contained m this Security Instrument and in any rider(s) executed by Borrower and recorded with ..(Seal) Kurt Koch ..(Seal) Eli-inbeth S. Koch ISpace sekm Thu Lme Fa AsAnoMedemml *Borrower further requests that copies of the notice of defiult and notice of sale be sent to each person who is a party hereto at the address -_-, such person set forth herein. STATE or NEnRAsKA. .............. . .... _......,._.....County ss: On this --- - -- ...._13th._ day of _AitY ...... . ......... 19 86, before me, the undersigned, a Notary Public duly commi&sioned and qualified for - lid county, personally came -- ----- - .. .......... -- ---- -and to tile known to be the identical person(s) whose imnie(q) are subscribed to the foregoing instrument and acknowledged the execu- tion thereof to be ...... ...................... ... ... voluntary act and deed. M V Witric-ss my hand and notarial seal at Grand .1 sland,.. Nebraska date afore-said. -- - -- 9.' :';,,car .• an Equa; M