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<br />85- 006435
<br />NoN. UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. tio� RemedleL Leader shall give autice to Borrower prior to acceleration following Borrower's
<br />ireach of my covenant or sweement in this Security isubrnmeat (but not prior to acceleration under paragraphs 13 and 17
<br />aaless applicable law provides otherwise). MW notice Shen specify: (a) the default; (b) the action required to care the
<br />the .el a dale, not less than 30 days flow the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that foam 10 ewe the default no or before the date specified in the notice may result in acceleration of the sums
<br />aecweti by thin Setestrity`ItMrmaeat mad sale of the Property. The Rod" shall further inform Borrower of the right to
<br />rainsWe after acceleration and the right to bring a mart action to assert the non•existeace of a default or any other
<br />et611 a of Borrower to accditratioa and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at its "W wa may require immediate payment in fall of all saga secured by this Security Instrumnt without further
<br />deesaad aitd tttay Invoke the power of isle and say other remedies permitted by applicable law. Leader shall be entitled to
<br />collect an expenses incurred in parming the remedies provided in this paragraph 19, including, but not limited to,
<br />remem6k attorneys' fees and costs of title evidence. of the
<br />If the rower of sak is invoked, Trustee doll record a notice of default in each county in which any part
<br />Property is located and sW "I 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 />suite to the persona sad in the wanner 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 sad place of Bay 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 Trustees Bleed 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 limited
<br />W Trustee's fees to permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security
<br />Im ramnt; a" (c) any excess to the person or persons legally entitled to it.
<br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (=-
<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 td collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' tees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reeoureyance. 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 that copies of the notices of default and sale be sent to Borrower's
<br />address which is the Property Address.
<br />24. Riders to this Security Instrument. if one or more nders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such ceder shall be incorporated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the riders) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider
<br />7 Graduated Payment Rider " Planned Unit Development Rider
<br />Other(s) [specify)
<br />By SIGNING BELow, Borrower accepts and agrees to the terms and covenants contained to this Security
<br />Instrument and in any rider(s) executed by Borrower and recorded with it.
<br />t ,
<br />:..�r .
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<br />.. ':.� J....r!l�.t.w... �.�G'/+
<br />Seal
<br />'... ....
<br />John R. McMullen, Jr. )
<br />Carolee R. McMullen
<br />.... ................. (scat )
<br />.....
<br />... ............................... — Borrower
<br />STATE of` NEBRASKA.
<br />Hall
<br />County ss:
<br />On this 1.6th day of December , 19 $5 . befory me, the under iyned, a Notary Public
<br />duly commissioned and qualified for said county, personally came John R. McMullen, Jr. and
<br />Carolee R. McMullen, Husband and Wife to me known to he the
<br />identical person(sl whose name(k) arc subscribed to the foregoing instrument and acknowledged the cserution
<br />thereof to be their r °scary act and deed.
<br />Witness my han tamer` I Grand Island in .aid snout.. the
<br />date aforesaid. pteEkj; �Crj
<br />My Commission
<br />�l. z
<br />I e)R RJ<CON \TYAN( I
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<br />math all Othlt ertdChttldl'll'i54CeUfedt�y thlY Geed of ImNi, lia- ftccti paid :rt !"li ti oii lo—w,0 -1,J
<br />nr,te ttr riMe" and till, Devd vt 1ruat. -AhOl cur dCh%1'1r.i •Mee ? +t, ,n;tl !, _% 1W! ,_ AYr„,t;! ',,;ntanl\ 411 ILr c.�,et:
<br />oa;,a h,.•id i- %ol, itit tic r tl:.* i)erd of ( run! to tft-- 1t:•rr,,u ,it ,a -! —Iii .•rat,,. tiI,,d !hc'o 1 , ,
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