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F Pro Or perty a Parec,action to the der Trustee t bidder a the time rind place and under terms estgnOed in the notice of tale in Kati themf3me TAN may sale of all or any parcel of the Property by 1�� place of my previodaly scheduled sak. under or its designee may purchase the �raey � a■y g.k. Upon receipt of payment of the price bid, Trustee x6/11 deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trudge's deed shall be prise facie evidence Of the truth of the statements made therein. Trustee SW apply the proceeds of the gait in the following order. (a) to an e:peagdx Of the sale, including, but not limited luiutrwadutt: � �permitted � t applicable law and recantable attorneys' lees; (b) to all sums secured by this Security 20. Lewder is y tirce Possession. a Person or Pa legally entitled to it. Port 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 those 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 shalt 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 sale be sent to Borrower's address which is the Property Address. Borrower further requests that copies of the notice of default and notion of sale be snot to each person vao is • Part? hereto at the address of such psreca net forth herein. 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 a Condominium Rider U ❑ 2-4 Family Rider Graduated Payment Rider u Planned Unit Development Rider Other(s) (specify) 25. As long es this Dead of Trust is held by the Nebraska Investment Finance Authority, the Lender may, It 11nder's option, declare all Sums secured by this Deed of Trust to be imm diately due and Payable if Borrower omits or misrepresents a fact in an acvlication for this Deed of Trust. including, without limitation, anythinq contained in the Mortgagor's Affidavit and Certification executed by Borrower in conjunction with this dead of Trust. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. .... �^ �-, (Seal) .. ..... ...•......... --- Borrower (Mervyn H. ,onson r. UU . ) ..............(Seal) STATE Or NEBRASKA) (Recent) Monson) ,ter 1 SS. COUNTY Or HALL 1 The foregoing instrument was acknowledged before dew this . .18th July . , ,, 19. 85, by .Mervyn H% Mogsgn,and,RpcJiael, Monson day of. Witness ray hand and notarial seal at. .Grand. Island,, lehraska. :r. said County, the date aforesaid. . . . ' ' ' ' ' Notary Public My Commission expires: In nkw'Nw REQUEST FOR RECONvEYANCE TO TRUSTEE: The undersigned as the holder of the note or notes secured by this geed of Trust. Said note or notes, together with all other indebtedness secured by this peed of Trust, have been paid in full. You are hereby directed to cancel said note or note, and this Deed of Trust, which are dellvered hereby, and to reconvey, without warranty, all the estateonow held by you under this Need of Trust tc the Person or persons legally entitled