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<br />84~ 003657
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<br />10'
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<br />NON. UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender sball give notice to Borro...er prior to acceleration followinll Borro...er's
<br />breacb of any coveoant or agreement in this Security Instrument (but not prior to acceleration under paragra~ P and 17
<br />unless applicable la... provides otberwise). The notice sball specify: (a) the default; (b) tbe action required,,, culetbe
<br />default; (c) a date, not less tban 30 days from the date tbe notice is given to Borro...er, by ...bicb tbe default must be cured;
<br />and (d) that failure to cure the default on or before tbe date specified in tbe notice may result in acceleration of tbe SUDlll
<br />secured by this Security Instrument and sale of the Property. The notice shall furtber inform Borro...er of the right to
<br />reinstate after acceleration and the right to hring a court action to assert tbe non-existence of a default or any other
<br />defense of Borro...er to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate P&l'D1ent in full of all SUDlll secured hy this Security Instrument without further
<br />demand and may invoke the po...er of sale and any other remedies permitted hy applicable la.... Lender sball be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the po...er 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 sball mail copies of such notice in the manner prescribed by applicable la... to Borro...erand to the
<br />other persons prescrihed hy applicable la.... After tbe time required by applicable ia..., Trustee shall give public notice of
<br />sale to tbe persons and in the manner prescribed by applicahle la.... Trustee, without demand on Borro...er, shall sell the
<br />Property at public auction to the bighest 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 hy
<br />public announcement at tbe 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 tbe price bid, Trustee sball deliver to tbe purchaser Trustee's deed conveying the
<br />Property. The recitals in tbe Trustee's deed sball he prima facie evidence of the truth of tbe statements made tberein.
<br />Trustee sball apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, butnotlimited
<br />to, Trustee's fees as permitted by applicable la... and reasonahle attorneys' fees: (b) to all SUDlll secured by this Security
<br />Instrument; and (c) any excess to tbe person or persons legally entitled to it.
<br />20. Lender in Possessinn. 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 d~ ,,"y rents collected by Lender or therecelver
<br />shail be applied first 10 payment of the coslS of manageIr.c.. : of the Property and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds anQ reasonable attorneys' fees, and then to the sums ,secured- by
<br />this Security Instrument,
<br />21. Reconveyance. Upon payn""t 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 ii, 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 counly in which this Security Instrument is recorded,
<br />Without conveyance of the Property, ,he 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 tbis Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be inco'1'orated into and shall amend and
<br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security
<br />Instrument, [Check applicable box(es)]
<br />l5i Adjustable Rate Rider
<br />
<br />o Graduated Payment Rider
<br />
<br />o Other(s) [specify]
<br />
<br />o Condominium Rider
<br />o Planned Unit Development Rider
<br />
<br />o 2--4. Family Rider
<br />
<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 wB'
<br />
<br />......Jj....~~J....,~r....~Seal)
<br />
<br />Rodney L. Sha<{jl -'-Borrower
<br />
<br />...,.,.,..,.............,.......,.....,(Seal)
<br />-Borrower
<br />
<br />a ~-'-_._---_._~_..~_ __~,_.___ (Sr,..o.:o;~ ~OW ii1i<i WOe fur A.:l\oo...~imfu'ii
<br />
<br />State of:
<br />County of:
<br />
<br />Nebraska
<br />Hall
<br />
<br />)SS'
<br />) .
<br />
<br />On this 9th
<br />of Nebraska
<br />a sing.le person
<br />in and who executed
<br />the same as his
<br />~ly Ccm:rl.ssion E><pires:
<br />
<br />day of July ,19 b4, before me, a Notary Public in the State
<br />, personally appeared Rodney L.. Shada
<br />, to me personally known to be the person(s) named
<br />the foregoing instrument, and ac~~owled~ed that he ~ executed
<br />voluntary act and deed. .A" J(J .~ r
<br />c >,,{>1.J~ 'L ?7' trLJ7
<br />v ,mA.lty tJIltrc
<br />A DENISE KAY LOWRY
<br />llll! GENERAL NOTARY Sf.,.ofNebr.
<br />~";;::::a. My Comm. E,ltp. Aug, 25.1987
<br />
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