|
L
<br />85,_ 004608
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies, Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />branch of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />saleas applicable law provides otherwise), The notice shall specify: (a) the default; (b) the action required to cure the
<br />deGttdt; (c) a rate, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />aid (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 />defense of Borrower to acceleration and sale. if the default is not cured on or before the date specified in the notice, Lender
<br />at its option any require immediate payment in full of all sums secured by this Security instrument without further
<br />domsmr and may invoke Ike power of side and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect sill expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reastimable attorneys' fees and coats 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 copier 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 low, Trustee shall give public notice of
<br />uk 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 in
<br />one or store parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public annoascement at the time and place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property at my sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals is tke Trustee's deed shall be prime 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 limited
<br />to, Trustee's fees as permitted by applicable taw and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />20. leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in
<br />person. by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable at fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument. Lender shall reyuL•st Trustee to
<br />reconvey Nee Property and shall surrender this Secunty instrument and all notes evidencing debt secured by this Security
<br />instrument to Trustee. 1"rustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation casts.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remose Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in she county in which thus Security Instrument is recorded.
<br />Without •.onveyance of the Property. the successor trustee shall +ucceed ui all the title, power and dunes conferred upon
<br />Trustee herein and by applicable law.
<br />23. Request for Notices, Borrower requc%i% that Copies of [tie notices of default and sale be sent to lorrower's
<br />address which is the Property Address.
<br />24. Riders to this Security Instrument. If one or more riders are evecutcd by Ilorrowcr and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be incorre raicd into and shall amend and
<br />supplement the covenants anti agreements of this Security instrument as if the nderis) were a part of this Security
<br />Instrument. [Check applicable homes)]
<br />Adjustable state Rider Condominium Rider 2 _4 Famih Rider
<br />Graduated Payment Rider Planned Unit Development Rider
<br />Other(s) [specify]
<br />BY Sic;ms ; BE:I.uw, Borrower accepts and agrees to tilt terms anti covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded wit it.
<br />R �"......_ .(Sea[)
<br />G ria J. Mc . .n ................ nt;r,o�,•,
<br />X ' k✓ _.._. _..._(Sea))
<br />Merle J. � - Hc,.awnr
<br />.�a._._._...._..__.._..�..__.� [Spar @Mow This LW4 For AcknowlWameMl
<br />STATE OF NEBRASKA . ...... . .......11411 ....................... (.ounty ss:
<br />On It'll .... 00 ......... ddy tit ... $fP.>7g0A1; ... I')t . • 85,, beiort• me, the undersigned, i Nutar% Iltibht
<br />July tear rniasiotted and ttualitied for s,ud tittutly, lirrsun.11ly tdmc . Glpri r J. McCann .and, McFJe .Jr. MSGuu!t
<br />trio and husband to nu• known r.i tx nct,
<br />ideitita! irrsunl.+ ht nano( s;: ocsahstnlxslruthrlurrpninguisrnlntcntandalknowlcdkrdlheoxt tiitionihct,oloitx.
<br />1
<br />air voluntary aft nix: thee).
<br />VVrrrlrrsv ary hdr/.! anti norarlal sea! .0 ....... �iC3p) , 1 r,l.anti...>Y1i ............ .
<br />.... m sail) unnli�, rile• :laud•
<br />zlntetiaid
<br />My ta,anrn ssxm t•xpurs March 10, 1986
<br />tllasar Nf� C
<br />rou1nW r4,biu
<br />
|