|
86- 118864
<br />NomUmFoitm COVENANTS, Borrower and Lender further covenant and agree as follows:
<br />19. Acceleraflon', Remo". Leader sbaB,give notice to Borrower prior to acceleration following Borrower's
<br />brembef any,e9ven" or gVegmea in this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />vides'allarwim). The notice ",aW*: (a) the default; (b) the action required to cure the
<br />dtfanity unk"'"Okwhie law pro wer, by which the default must be cured;
<br />dow, not less 30 days from
<br />(eii , 68w the dote the notice is given to Barre
<br />-that, I0cMtbC*ftUitoQ before the dot specified in the notice may result in acceleration of the sums
<br />and (d) failure OF
<br />mewed by,t1dis Security IsM.,ment and ask of the property. The notice shall further inform Borrower of the right to
<br />relawme atlwr.aeceleirsliow and the rlillit to bring a coartlaction to assert the non-existence of a default or any other
<br />defe , am I of I Borrower to acceleration and mie. Utk default is not cured on or before the date specified in the notice, Lender
<br />at, il
<br />ti opljon may, require immediate,payatatt in fan of an sum secured by this security instrument without further
<br />demand'ok! may invoke the Power of sale and my other remedies permitted by applicable low. Leader shall be entitled to
<br />collect 24 expenses incurred, in pursuing the remedies provided in this Paragraph 19, including, but not limited to,
<br />attorneys' fm and costs of title evidence.
<br />reasonable I I record a notice of default in each county in which any part of the
<br />If the power of sale is invoked, Trustee sail Property is located and shall mad copies of such notice in the mower prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable taw. After the time required by applicable taw, Trustee shall give public notice of
<br />oak 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 aim parcels and in any order Trustee determines. Trustee may postpone sate of all or any parcel of the Property by
<br />publie'annoummnt 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, Trusitee's fees as permitted by applicable law and reasonable attorneys' fees; M 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 tinder paragraph 19 or abandonment of the Property, Lender hn
<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. 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 duties conferred upon
<br />Trustee herein and by applicable law.
<br />2-4. Request for Notices. Bom)"r requests that copies
<br />. of the notices ot'default and sale be sent to Borrower's address
<br />which is the Properly Address, Borrower further requests that copies of the notice of default and notice of sale he sent to each
<br />person who is a party at the address of ouch person wt forth herem.
<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(%) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />—
<br />Adjustable Rate Rider Condominium Rider 2-4 Family Rider
<br />7
<br />7' Graduated Payment Rider F -1 Planned Unit Development Rider
<br />Other(s) [specify]
<br />BY SIGNING BELOW'. Borrower accepts and agrees to the terms and covenants Col aimed in this Security
<br />Instrument and in any rider(s) executed by Borrower and recor*d with it. _DS
<br />LQ eai)
<br />3 ry(4)11iam Ioaeycutt
<br />724 Z . G.` G Z �
<br />.(Seal)
<br />-6-0.e,
<br />Barbara J. qi;uayc�i
<br />Hall
<br />STATz OF NEBRASKA.- .... ....County 8s:
<br />On this ... ...... I th 86, before me
<br />day of the undersigned, a Notary Public
<br />y iam
<br />duly commissioned and qualified for said county, personally 14W ......Will....... Honeycutt aad .... ......
<br />3arbara j...Aqq!e�ycutt, nusoaad and wifeA to me known to be the
<br />identical 'person (a) whose . . na . In . e s are subscribed - . to the foregoing instrument and acknowledged the exe-cu-
<br />tion thereof to he their .... .... Voluntary act and deed.
<br />Witness my hand and notarial seal at ---------- ...Grd Island ...... in said county, the
<br />date aforesaid.
<br />My Commission expi I OW41bb d
<br />COt"ll S. IIIALIES
<br />�_Vwy 4 eftmdt 11: - I goo N,Awy t -k,
<br />We are an Equal Employment 01?liortunity /Aflinuative Action Emldoyur M/F.
<br />tSp ftto. Th,S L,14
<br />
|