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$6- 145926 NON- UNIFORM COVENANTS. Borrower and Lender furtheragt,and agree as follows: 19. Acceleration; Remedies. Lender shall give notice to 0 prior to acceleration following Borrower's hreaeh of any coveaaat or agreement in this Security Instrument (but not prior to acceleration tinder paragraphs 13 and 17 ahtu applicable law provides otherwise). The notice shall spadty: (a) the default; (b) the action regdred to cure the default; (c) a date, not less the 30 days from the date the notice is give to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified is the notice may result in acceleration of the wtus secured by this Security Ina mmest and oak of the Property. The notice shall farther Inform Borrower of the right to rahtshte alter acceleration and the tight to bring a court action to user, the non - existence of a defiudt or any other defense of Borrower to acceleration and sak. If the default is not cured on or before the date specified in the notice, Lender at its option my require immediate payment is fall of all sums secured by this Security Instrument without further demand and may invoke the power of oak and any other remKdies permitted by applicable law. Leader shall be entitled to collect cep expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, «aaomobk attorneys' fees and cosec of title evidence. If the power of sale tsinvoked, Trustee shall record a notice of default in each county in which any part of the Property is located and stroll mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other person prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and is the maser prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at poNk onetloa to the highest bidder at the time and place wad under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sak of all or any pored of the Property by public announcement at the time Bad place of any previously scheduled sale. Lender or its designee may purchase the Property at my ask. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made tberein. Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including thou past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and We be sent to Borrower's address which is the Property Address. 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. (Check applicable box(es)) ❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider ❑ Graduated Payment Rider u Planned Unit Development Rider ❑ Other(s) [5pec `f] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Burrower and recorded with it.. �J Seal) (il'e2. ... ..L.�;.L .. ......................( lcha el R. Phillips �O"O"e' ? " ..... ................. .........................(Seal) Bonita R. Phillips —Borrower -- {Space Below This Line For Aduwwleapmentl STATE OF NEBRASKA , .......... Hall ................... County ss: On this ...... 17th day of .October ........... 19..q , before me, the undersigned, a Notary Public duly commissioned and qualified for said county, personally came .. Michael R.. Phillips and Bonita R.. Phillips,. Husband and .. Wife ...................... to me known to be the identical person(s) whose narre(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be ., their._.,, voluntary act and deed. Witness my hand and tu;t aria l seal �t ., Grand Island ............... in said -aunty, the date- aforesaid. �' ................ My N�!tary 1Z,! is h