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86- 104164
<br />NON - UNIFORM COVI'NANTS- Borrower and I.cn,7er Lutfler olvenant ,m,l corer a< tollnws
<br />19. Acceleration. Remedies. fender shall give notice to Borrower prior to acceleration tollowing Borrower's
<br />breach of any covenant or agreement in this Security Instrument shut not prior io acceleration under paragraphs 13 and
<br />17 unless applicable law provides otherwise ). The notice shall spLci f y : i a) the defau l t; (b) the action required to cure the
<br />default, (c) a date, not less than 31) days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (dl that failure to cure the default on or before the date specified in the notice may result i n acceleration of thr sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the
<br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any
<br />other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br />Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without
<br />further demand and may invoke the power of sale and any other remedies permitted by applicable law. tender shall be
<br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not
<br />limited to, reasonable attorneys' fees 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 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.'I'rustee, 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
<br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property
<br />by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at any sate.
<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 he 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, hot not
<br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (h) to all sums secured by this
<br />Security instrument, and (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragfaph 11) or abandonment of the Property, Lender f in
<br />person, by agent or by judicially appointed receiver; shall be entitled to enter upon, take possession of anti manage tlee
<br />Property and to collect the rents of the Property including those past due. Ali-, rents collected by lender or rile receiver shall
<br />be applied first to payment of the costs of management of the Property and collection of rents, inciuding, but not limited to.
<br />receiver's fees, premiums un receiver s bonds and reasonable attorneys' fees, and then to the sums secured by this Security
<br />Instrument.
<br />21. Reconveyance. Upon payment (if all suns secured b% this Security Instrument, Lender shall request Trustee w
<br />reconvey the Property and shall surrender this Security lnstrumenr and all notes evidencing debt secured by this Security
<br />Instrument To Trustee. Trustee shall reconvey the Property %k ithuut warranty and without charge to rile 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. inay from time to t imc remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an insrn;ment recorded in the tnunry ill 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 Char Copies of the rlOtlCCS of default and sale he writ to Borrower's
<br />address which is the Property Address. Borrows: further requests that copies of the notices of default and ;ale he•sent to c..ch
<br />person who is a parry hereto at the address of such person set forth herein
<br />2 i. Riders to this Security Instrument. If line or more riders are executed by Burrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall ;emend and
<br />supplement the covenants and agreements of tilts Security Instrument is if the ridcns! were a part of this Seeurav
<br />Instrument. (Check applicable Iroxtes).
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2. 1 Family Rider
<br />Graduated Paymenr Rider ❑ Planned Unir llctieL;pmew Rider
<br />❑Other(s) I specify j
<br />BY SIGNING BELOW, Borrower accepts tnd agree, n, ti:e terms .:nd co%cnann contained in this Securltl
<br />Instrument and in any rideroo executed by liorn,wcr :end rr.,,rac,l R ith lr
<br />r ....' . ..' ..... ea,,
<br />1Donald A. Ledgerwood
<br />�!L!/'�;�r,= tic•:,.
<br />Sharon K. Ledgerwoo Borrower
<br />--- — (Space Below This Line for Acknowledgrnentl
<br />-- —
<br />STATE: Oh NEBRASKA. .....Hall
<br />................
<br />On tills ... zl$i.......... dole c,f .. :IUD. }'.......... . tx)urc
<br />r::e. file undersigne,l..i Nwart Puhh,
<br />duly corn ill issumed and qualified t r said counts, p:1 ,,11 tIi> fame . Donal,cl .A...Ledgetwood
<br />.and .Sharon. K..... .
<br />• Ledgerwood,..Husband. and .Wi,£e .......... ...............................
<br />.. t„ n, kli ,� :,i he the
<br />identical person s) whose camel s i arc wbnc ;,bed lithe f,vcg�,�og et,tturx r.f .�n.l
<br />their ................... yolunf.uv aft an.i ire i
<br />.,cko „�� Ir,lcr,? 1111
<br />Witness my hand and nwr,,)A seal at .. C',raod..Lslarid, . NE ..
<br />aforesaid.
<br />lvly (.ununiss4m expires "larch 10, 1,990
<br />amK E a Now
<br />Mot Orr► h► I” a IN
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