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N40%-UNIFORM COVENANTS iorrower and lender funi e. ovenant and a¢rre as folk ws86- 102599 <br />19. Accderstiom Remedies. Lender shad give notice to Borrower prior to acceleration following Borrower's <br />breath of any covenant or agreement is this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />maim applicable law provides otherwise). The notice shall specify: (a) the default; (b1 the action required to cure the <br />default, 10 a date, not leue than 30 dews from the date the statics is given to Borrower, by which the default must be cured; <br />stud (d) duet failure to care the default on or before the date specified in the notice may result in acceleration of the sums <br />sucared by this Secp<ity.iastrimsent and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration aid the right to bring a court action to assert the non- existence of a default or any other <br />defemre of Borrower to acceleration soil sale. if the default is not cured on or before the date specified in the notice, Lender <br />at option msyr require immediate payment is fail of all sums stewed 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'pursning 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 person prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />We 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. Leader in Possession. Upon acceleration under paragraph 19 or ahandonment of the Property. Lender (ire <br />person, by agent or by judicially appointed receiver) shall be entitled t. cotter 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. Recoaveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall requtst Trustee to <br />reeonvey 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 tD 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 rs 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 ,ale 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 hall 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 />Lj Othcr(S) [specifyj <br />BY SIGNING BELow. Borrower accepts and agrees to the terms and a»enarUS contained in this Security <br />Instrument and in am rider(%) executed by Borrower and recorded with it // <br />J;sctms H. True t 1 <br />. . . (Seal) <br />Marsha K. Truell <br />(SP— aoro This lme Fw AcY'ro.rledgmeml - -- —_- <br />*Borrower further requests that copies of the notice of defaul and notice of sale be <br />sent to each person who is a party hereto at the address of :.och person set forth <br />herein. <br />STATE ov tiEBanst + e. ..... ......... ...... ..Hall _. - -- . ........... .. ......... County ss: <br />On this ....... ...25th stay of . ... _�Y ....... ._._, 198b_ , before me, the undersigned, a Notary Public <br />duly commissioned and qualified for stand county, personally came ___ __. .... _ _....._._........... <br />._ ...... <br />James H. Truell and :Marsha K. True11, in and wife, <br />........................ .............................._ .- ......_ ...... to me known to be the <br />identical person(s) whose name(~) are subscribed to the foregoing instrument and ac nowltAged the execu- <br />tion thereof to be _. then voluntary act. and deed. <br />t - � ....... vtgE} - <br />SYitnem my hate; and notarial seal at (•rand Island Nebraska <br />_..__ - . ..... r. tai scud cUim_v, the <br />tin to FJorenaid. <br />vfy i i7FfltT1'F i21'rfl . <br />entente a�wut -eta. f tltlww � <br />S. D. WW .,t` <br />W, ; Ar, at. y [ ?1)J)r;Tt.ii'10 A rn <i2,��� <br />