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86- 10394-41
<br />NON I [Nill lolof 0 "it- NA NTI, llorirrgm rr and I rude fiii-ilier covenant and ijZrve a% foittiw%-
<br />19. Acceleration; Remedies. tender shall love orrice 10 Borrow" prior to acceleration following Borrower's
<br />breath OfORYenvcmsntor agreement inohkcrcurity lasitrumeat(bul not prior to acceleration under paragraphs 13 and 17
<br />WHIP" golliPliclIllitle law Provides otherwise). The notice Shall Specify: (2) the default; (h) the action required to cure the
<br />default; (c) a date, mot less than .10 days from the dote the notice is given to Hortrower• by which the default must be cured,
<br />se"I (d) that failure to cure the default on or before The date specified In the notice may result in acceleration of the sums,
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and The right to bring a court action to assert the non - existence of a default or any other
<br />defew of Borrower to acccieregiogn sail sale. if the default Is not cured ontarbefore the date specified In the notice. tender
<br />III Its option may require immediate payment in full of all sums secured by this Security Instrument without further
<br />demand and Way invoke the power of sale and any other remedies permitted by applicable low. Lender shall he entitled to
<br />Called sit expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys, fen 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 sod shall mail copies or such notice in the manner prescribed by applicable law to Borrower and to the
<br />other person prescribed by sloplicaltille law. After the time required by applicable law, Trustee shall Rive public notice of
<br />sale to the persons mail In the manner prescribed by applicable low. Trustee, without demand on Borrower, shall sell the
<br />Property of public moctine to the highest bidder of 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 determin". Trustee may Postpone sale of all or any parcel of the Property by
<br />public announcement at the time and place of env previously scheduled sale. Lender or Its designee may purchase the
<br />Property at say sale.
<br />UPOS receipt of Payment of the price bid, Trustee shall deliver to the purchaser Trustees deed conveying the
<br />Property. The recitals In the Trustee's deed shall be prime facie evidence of the truth of The statements ninde 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 />Ia. Trustee's fen as permitted by applicable law and reasonable attorneys' fees; M to all sums secured by this Security
<br />Instrument; and (c) my excess to the person or persons legally entitled To it.
<br />20. Lender In Possession. Upon acceleration under paragraph 19 or aliandonmeni of the Property, Lender (in
<br />person. by agent or by judicially appointed receiver) shall he entitled to enter upon, take pils%c%%ion of and manage the
<br />Property and to collect the rents of the Property including those past clue Any rents collected by Lender or The receiver
<br />shall be applied first to payment of the costs of management of the Properly and colleclion of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable allorneys' fees, and lien to the suns secured by
<br />this Security Instrument.
<br />21. Reconveyonce. 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 per-Ain or persons shall pay any recordaiinn C(151%.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Tramee and appoint a successor trustee
<br />loany Trustee appointed hereunder by an instrument recorded in the county 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 low.
<br />23. Request for Notices. Borrower requests that copir-s of the notice-, of default and sale he sent to Borrower's
<br />address which is the Property Address. further recltwsp; rhat co-opt f th - I(-::Sooftde,,
<br />I I nnf,(
<br />24. Riders to this Security I Ax- R 4 parry ,neat a the
<br />nstrua M41 ca 19, An.114. 40recordec] 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 Inmo-urnew as if the ruder(.) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider
<br />CJJ Graduated Payment Rider 0 Planned Unit Development Rider
<br />Other(s) [specify)
<br />BY SIGNING BrLow. Borrower accepts and agrees in the terms and covenants contained in this Security
<br />Instrument and in any rider(%) executed by Borrower and recorded with it,
<br />(Seal)
<br />S7 -,ROY SOFI��'TDT
<br />(Seal)
<br />Mlle -e 84W Tho two* Far Ackn ledgt a ll
<br />STATE OF NEBRASKA, couniv "s
<br />.
<br />On this jJI;b day Of il-, " V tiLr
<br />. 1.. 19 8.6 , Itfore mc. !hc undcrsl-nc�4. .1 1-),
<br />duly Commissioned and qualified for said county, p"sonall) cirric .'ear;
<br />Carlmack q17hmi-O.t., Husband alia fF
<br />... ... to me knowr! *0 th,
<br />idintical person(s) whose nlmc(,.) are kubscrilied to the foregoing in%zru.--i,:.-)i RnJ acknowled,,-
<br />-T-he
<br />i, r
<br />thereof to be ..... . I . I . . voluntary act and decd
<br />- Wilric%% my hand and notarial seal at. I caned I I anO
<br />date aforesaid.
<br />My Cornornniton cotpirts. 19H2
<br />L
<br />• A
<br />Ti-
<br />Of
<br />-----*"UFST VOR RI
<br />To Tnu%i t i
<br />Thc undcrvproed ii the holder of the no.c not moles 't C Urf4f by this J t,.0 r
<br />with aii .-)I her tndr 61e.e if -r I by I h, , Deed 11( 1 ru o',t r n n-
<br />VN.1j n"11cl J-.d !h's Died 0 Trust 41"ith ate
<br />.4;,dfr , J)P,, ,I ""o'! f,.
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