|
85- M00538fi
<br />NoN- IINIrORM CuvE:NAN I's. Borrower and Lendcr furl her Covenant and agree as follows:
<br />19., Acceleration; Remedies. Lender shall Rive notice to Borrower prior to acceleration following Borrower's
<br />brt"N fll[ry covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />ualeu applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice Is given to Borrower, by which the default must be cored;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums.
<br />esrm by this Security Instrument and sale of the Property. The notice shall further Inform Borrower of the right to
<br />reimRate after acceleration and the right to bring a court action to assert the non-existence of a default or any ;ether
<br />defense of Borrower to acceleration and sale. If the default Is not cured on or before the slate specified in the notice, [.ender
<br />at Its option way require immediate payment in full of all sum secured by this Security Instrument without further
<br />dcwm*d and May invoke the power of ale and any other remedies permitted by applicable law. [.ender shall be entitled to
<br />collect all expenses Incurred in punning the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and costa 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 />ale to the persons and In the wanaen 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 more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by
<br />public announcement at the time and piece of any previously scheduled ale. Lender or its designee may purchase the
<br />Property at any ale.
<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 be prima facie evidence of this truth of the statements made therein.
<br />Trustee shall apply the proceeds of the ale In the following order: (a) to all expenses of the ale, including, but not limited
<br />to. Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />lmstruweah and (c) any excess to the person or persons legally entitled to it.
<br />20. Lends In Posseaiat, 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 attorneys' fees, and ti,en to the sums secured by
<br />this Security Instrument.
<br />21. Reeonveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security ,
<br />Instrument to Trustee. Trustee 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 costs.
<br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in 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 t at copies of the notices of default and sal be sent to Borrower's
<br />address which is the Property Address. Boxro„we - urssttgieeQr[�r�eQq��ugeps�ps_Q4 that nnc����o,((dQI_ sao��t the noxirea of de�au
<br />24. Rider totbieSecurit lastru a eoNeNrhdbF tYfr"HtecllfMr $°H(+tttNiE�lirtd' parry hereto at t se
<br />Security o recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall he incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrurr -nt a% if the nder(s) were a part of this Security
<br />Instrument [Check applicable box(es))
<br />[ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider
<br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider
<br />❑ Other(s) IspecifyJ
<br />BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it
<br />LARRY s rIiaSi)
<br />...:. 1..1(.f .. ?:- .................(Seal)
<br />MARGARF`T A. STEFFF.'L i -- fb,.o.e.
<br />....— _.. —.-- lawc• taw. Tt a l,rw For Acknrmwynwnt) —
<br />STATE OF NEIIaASKA,.ila1I ...... . County mss.
<br />On this .... 28t;h day of ... Octpber .. d9.t3 ?.. forc me. the undersi;ned. r N�;tory :'a+lic
<br />duly commissioned and qualified for srid county, personally erme..Larry. Ste.ff.e.1 and, Margaret A. Steffel
<br />. I .. t(usb.and .and. W-.. . .. I . ..... . ... I ....... I ....... , ......... . to me known :o th,
<br />identical person(s) whose name(%) are subscrihed to the foregoing instrument and Acknowlcd,.G the C %:luUun
<br />thereof to be. - .. the.i-r . voluntary act and deed.
<br />Witness my hand and nowrial seal at. ... .....Grand, .... .. i.t :rid C0 211h
<br />date aforesaid.•
<br />My Commission expires: oc tober 10, 1988
<br />5IIARON L. BAKER r.cuw wit .c r
<br />L tltaMSl tttttaar -Mvt• r s•w.w
<br />*VAN 4 BAKER
<br />lhramnlsp OIL 10. 190 RLQUE.ST FOR RI,:.CONVEYANICE
<br />To Taus1EE A
<br />cFa,
<br />The undersigned is the holder of the no;c or notes srcured by this Dred of I r.si S..rd n:,:, r
<br />with all dither indebtedness i ;i-td by this Need of 'f rwo. hive tKrn p., :.f in f„11 )':vi : rc :;;t: v
<br />ss,d flute ur miort r rid thus Died (ill Trust. which rte d, lrvrrcG h;:r!;y. u.;d i,, rr...n,t
<br />estaic r.ow 1 *cld 1,y you under tr,,, r)tn7 .,I t!usi ii. tic perS;,,, .4 ,!ti,., ;.;: � r, u�,� �:,
<br />
|