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NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree at follows: 86- 103030 It. Ate Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach orM)r cove"M or offoexie" in this Secwky bo"mw (but not prior to acceleration under paragraphs 13 and 17 mkm applicable law provides 01therivior). The notice shall specify: (n) the default; M the action required to care the defoolk (c) a deep, not Ims don 30 days from the date the nodee is given to Borrower, by which the default mug be cured-, and M rhea folhort to core the defook on or before the date specifted in the notice may result in acceleration of the sums secured by thin Seem* Instrument: soul sale of the Property. The notice shall further inform Borrower of the right to rdlmtgc After McelBratift and the r%M to Win a court action to assert the non-existence of a default or any other ddbase Of Borrower to acceleration and ask- If the delholt is not cored on or before the date specified in the notice, Lender at its option my, require immedishe payment in full of all noun, secured by this Security Instrument without further deaann 'mad may invoke the power of sale and any other ream" permitted by applicable law. Leader shall be entitled to collect all expenses incurred in'pursoling the,remedies provided in this paragraph 19, including, but not limited to, reasonable attwoeys' fen and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any pan of the Property is located Bad shall mall copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by aW;e" law. After the tune required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designatedin the notice of sale in one or more parcels sad in any order 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 say sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima fade evidence of the truth of the statements Me& 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; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender 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 shall1reconvey 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 time 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 conveyance of the Property, the successor trustee shall succeed to all the -title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 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 if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] F', Adjustable Rate Rider Condominium Rider 2-4 Family Rider "7 Graduated Payment Rider Planned Unit Development Rider LC] Other(s) [specify] Acknowledgement BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded ... ........ ... ......... .. .. ................. ...... ...................................... (Seal) Ivan W. Bauer —Borrower ................. .(Seal) ...... Haze .Bauer —Bor,o�e, [Spxe Below This tine For Acknow*dgmerrtl STATE OF Nebraska ...... ........ I ................. COUNTY OF ....... Hall .................... I SS: The foregoing dust ged before me this .... 9th day of June, 1986 ................... (date) st by .... IYATi.W. Bauer, husband and wife .. ......... ................................. -""—w (Person(s) acknowledging) My commission ites*. e� 71, CSEAL) . . . ........... Notary Public Linda Sloma This instrument was prepared by ..................................