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86-- 163672
<br />NON- UNIFORM COVENANTS Borrower and Lender further covenant and agree as follows:
<br />14 Accelertatiew; Remedies. Leader " give notice to Borrower prior to acceleration following Borrower's
<br />breach of any obreaaat or agreement is this Secarfty instrument (but not prior to acceleration under paragraphs 13 and 17
<br />uslms appticabie law provides otherwise). The notice skuB specify (a) the default; (b) the action required to cure the
<br />defasit (c) a date, am less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) than failure to cure the default on or before the date specified in the notice may result In acceleration of the sums
<br />wed by this Security Instrument sad sale of the Property. The notice shall further inform Borrower of the right to
<br />reiaatstte after acceleration and the right to bring a court action to assert the non- existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at` its 'Option -way require immediate payment in full of all sums secured 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 />eolkct aB 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 sate is invoked, Trustee shall record a notice of default In each county in which any part of the
<br />Property is locited 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, shalt 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. 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 he 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 pavment 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 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 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 dunes 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 />Instrument. (Check applicable box(es)j
<br />Adjustable Rate Rider Condominium Rider 2 -4 Family Rider _
<br />L Graduated Payment Rider `J Planned L'nit Development Rider
<br />X Othcr(s) (specify) Acknowledgement
<br />BY SIGNING BEU)w. 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 />(Sea!)
<br />E. L11mer 80.rowe�
<br />} J�
<br />(Seal)
<br />d`udy A. IJlrncr — so'•vwe
<br />STATE OF N1 BkASkA. H'i11 ( ounli
<br />On this 30th da% of June . 19 86 , before mc, the undet,ignt•d, a Notan Puhfii
<br />duly commissioned and qualified for ,aid count\, per,onatly canto Leo E. Ulm - er . iid Judy A. Ulmer,
<br />husbd and ,w; , to me kit"" II to he the
<br />identical person(:) whose narnel,) are subktriK -d to the fm",oing insrument and a,kn"aicdged the csn(Iurn
<br />thereof to be th=in ,ultinutr> act and deed.
<br />Witness my hand and notarial ,eal a+ Grand i siat:d n ii(1 n
<br />,{ date aforesaid.
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