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86- 106274
<br />NON - UNIFORM COVENANTS. Borrowcr and Lender further covenant And agree is follows.
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and
<br />17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default, (c) adate, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result; n acceleration of the 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. Lender shall he
<br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but nut
<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. 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
<br />in one or more parcels and in any order Trustee determines. "f rustee 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 sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser "t'rustee'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
<br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; th) 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 acceleranon under paragraph P) or abAndonmc•nr of the Property, Lender :in
<br />person, by Agent or by judicially Appointed receiver hall be crinde•d to enter upon, take I,osscssion of and manage the
<br />Property and tocullect the rentsof the Property rnLludmg those past duc. Ain rents collected by Lender or the receiver shall
<br />be applied first n) payment of the custs of management of the Prupert� And uiilecnon of rent,, irxiuding, but not limited to.
<br />receivers fees, premiums on receiver s bonds and reasonable .tttorne•ys fees. and then nr tilt- sums secured by tills Security
<br />Instrument.
<br />21. Reeonveyance. Upon payment of all sums u•cuivd by thus Sccuruv Instrument, Lc•n.icr shall request Trustee to
<br />reconvey the Property and shall surrender this Secunn Instrument and All notes es ulenong debt secured by this SCeUrit%
<br />Instrument to Trustee. Trustee shall reeoncey tile Properry u ithout warranry Jnd w uhout c har};c ro rile person or persons
<br />legally entitled to it Such person or persons shalt pay any re-LOrddtr„n Lists
<br />22. Substitute Trustee. Lender, ai ns oprion, wal from nine to time ruinosc Trustee And appoint .i suttessor trustee
<br />to any Trustee appointed hereund;r by an instrument recorded m the Lounr m which 0111 ScLVntt instrument is reLorde-d
<br />Without conveyance of the Property, the suue• »or trustee shall suct.ccd to .ill the title, power and duties conferred upon
<br />Trustee herein and by applicable law
<br />23. Request for Notices. Borrower requests that copies of rile nonce, of dOdult Jnd SAC he st•r,( to Borrowers
<br />address which is the Property Address. Borrower further requests that copies of the rinticc•s of default And sale be sent io cach
<br />person who is a party hereto at the address of such person set forth herein
<br />24. Riders to this Security Instrument. I1 one cur more riders arc exeutted by Borrower and rccurded together with
<br />this Security Instrument, the covenants and agreerncnts of each such rider shall be incorporated lilt,) and shall attend and
<br />supplement the covenants and Agreements of this SeLunr% instrument is it the riderrs, acre A part of this Seautty
<br />Instrument. [Check applicable box(es),I
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2 f P,onily Rider
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ Other(s) I specify I
<br />BY SIGNIN(; BELOW, Borrower acoe•pis and Agrees to the terms and u>ae-narts tom mined 1n this securit%
<br />Instrument and in any rider,, executed by Burrower and reu,rded IT,
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<br />X..�� ll�tr. /1111.. ksl,
<br />R' and J. AndCT�S�On Borrower
<br />Xt,
<br />,.pp. .....'v ..... ............. �Seali
<br />JndAnderson Borrower
<br />(Space Below This Line for Acknowledgmentl
<br />STATE OF NEBRASKA . . .......... ....Hall....................... t oulm ss
<br />On this .....30th _ . • .. • . , day of .. , ..October .. , 19 .86.., 1xiort- Tile, tilt- undersigned, J Nkit,o; Pubiic
<br />duly commissioned and qualified for said count, penonAlly LAmt Richard J. Anderson and .Jµdy ,F,.. _ .. .
<br />Anderson Husband and Wife
<br />t.................................... ............................... . to me known n, Ile tilt-
<br />identical person(sI whose name(b l are subscrtbe•d to the tore}out,G instnnnLnt Jnd eLkno LL led�cd the e xeLUtiun theicot iu br
<br />.................their .......... • • voluntan Act and deed
<br />Witness my hand and notarial seal at ........... ...... Grand, Isla. .n .......
<br />d . • • .. ill said LOUntI. the date
<br />......
<br />aforesaid.
<br />My Commission expires- March 10, 1990
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