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<br />86 103711
<br />NON- UNIFOILM COVENAA'TiS. Horrowerand Lender further covenant and agree as follows:
<br />I9. AccekratJaS Remedies. Lewder shall give notice to Borrower prior to acceleration following Borrower's
<br />breack of any covenant or agreementia tkis,%cm ity Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless app"cow bid provides otierwi e). The notice mall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a 4*e, W Ids than 30 days from The date the notice is given to Borrower, by which the default must be curer:;
<br />and M t bat failure to care the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by'tkis Security Instrument and sale of the Property, sloe notice shall further inform Borrower of the right to
<br />reinstate after amlleration and the right to bring a court action to assert the non - existence of a default or any other
<br />defetae of Borrower to acceleration rod sale. If the defaWt is not cured on or before the date specified in the notice, Lender
<br />at ifs option may require inmediate payment in full of all sums secured by this Security Instrument without further
<br />demand turd my invoke the power of pale and say other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses fact rred 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 sale is invoked, Trustee skull 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 />sale to the persona 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 shalt 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 taw 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 be 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 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. Reeouveyance. 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 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 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 ndrr shall he incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(,) were a part of this Security
<br />Instrument. [Check applicable box(es))
<br />�] Adjustable Rate Rider Condominium Rider 2-4 f=amily Rider
<br />7 Graduated Payment Rider Planned Unit Deveiopmcni Rider
<br />F! Other(s) [specify[
<br />BY SIGNING BELOW, 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 />IN WITNESS WHEREOF, Borrower has executed this Mortgage.
<br />�.. --�.._ ..........
<br />(Alan R. Emken)
<br />. �29.'v
<br />...................... ..... .......................
<br />(Kathleen A. Emken) - 9o.•ower
<br />STATE OF NEBRASKA,. ..Halt ............... . . . . ... . . County ss.
<br />On this .... 30tb..... . .day of ... lune.... .. 19 86, before Inc, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Alan .R...E . K.athlei4n. A... Emkerk .. .
<br />.... . ............................ ....... to me known to be, the
<br />identical persons) whose namels) are vuhscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be. their_ . , , , . , voluntary act and deed.
<br />Witness my stand and notarial seal at Grand. Island,. Nebraska in said county, the
<br />` date aforesaid.
<br />j_ My Commisrion expires.
<br />09"A urteam
<br />i
<br />Nou y r r:
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