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<br />r
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<br />Property at public auction to the highest bidder at the time and p~a~e =derqh~t~~ te~gnated 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 place of any previously scheduled sale. Lender or its designee may purchase the
<br />Property atany sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying tbe
<br />Property, The recitals in tbeTrustee's deed sball be prima facie evidence of the truth of tbe statements made therein.
<br />Trustee shall apply tbe proceeds of tbe sale in the following order: (a) to all expenses of tbe sale,including,butnotlintited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by tbis SecuritY
<br />Instrument; and (c) any excess to tbe person or persons legally entitled to it.
<br />
<br />20. Lender in Possession, Upon acceleration under paragraph 19 orabaridonment of thePropel1y,Lender(ip
<br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possessionofand'rna!t"ge,th~
<br />Property and to collect the rents of the Property including those past due, Any rents collected byLenderoqhere<:eive,r ."
<br />shall be applied first 10 payment of the costs of management of the' Property and. collection ofrents,includi~g,'1?utnot
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to thesums'secured.by.
<br />this Security lnstrument, . .
<br />
<br />21. Reconveyance. Upon payment of all sums secured by Ihis Security Instrument, Lend"rshallrequeStWiust~eto
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by.this5ettIlri!! ..
<br />Inslrument to Trustee, Trustee shall reconvey the Property without warranty and without charge tothepersonor'persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs,
<br />
<br />22, Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appointa successortt1.t$.t~
<br />to any Trustee appointed hereunder by an instrument recorded in Ihe counly in which this Security Instrument isrecordi:d:
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upoP.'
<br />Trustee herein and by applicable law.
<br />
<br />23, Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrqwers
<br />address which is the Property Address. Borrower further requests that copi.. of .the notice of d~.f.Ult--~~d '_~
<br />notice of sale be sent to each person wno i. a party hereto at the addre..- of such. person. __t_ fO,rth-:here"in~
<br />
<br />24, Riders to this Security Instrument. If one or more riders are executed by Horrower and recordedtogeilier'with.
<br />this Security Instrument, the covenants and agreements of each such rioer s...ll be incorporated ;ntoand shall amend and
<br />supplement the covenants and agreements 0f Ihis Security Instl"l .. ~nt ;' ,r the rider(s) were a part of this Security
<br />Instrument. [Check applicable box(es)]
<br />
<br />[J Adjustable Rate Rider
<br />
<br />[J Graduated Payment Rider
<br />
<br />[J Other( s ) [specify]
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<br />[J Condominium Rider
<br />C Planned Unit Development Rider
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<br />[J 2-4 Family' Rider
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<br />25. As long as this Deed of Trust is held by the Nebraska Investment Finance Authority, the Lender_may~
<br />at Lender's option, declare all sums secured by this Deed of Trust to be immediatelY due and payable
<br />if Borrower omits or misrepresents a fact in an APplicA'Cion for this Deed of Trust. including. without:
<br />limitation * anythin9 contained in the Mortqagor's Affidavit and Certification executed by Borrower
<br />in conjunction with this deed of Trust.
<br />
<br />t~H'
<br />
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<br />
<br />Ir::'
<br />
<br />BY SIGNING BELOW. Borrower accents and al!rees to the terms and covenants conlained in this Security
<br />Instrument and in any rider(s) executed by Bor~ower and -;ecorded with it. ,
<br />
<br />^LJ~ R R
<br />'::?I.I.~,..,.."""...,..:.."."..." ..'.,..,'~4d....".."......(seal)
<br />Michael R. Pipes -Bor'OWel'
<br />
<br />'~~~;p:f"'~""''''''''''''''~~~2
<br />
<br />STATE OF NEBRASKA}
<br />} 55.
<br />COUNTY OF HALL I
<br />
<br />The foregoing instrument was acknowledged before me this . . . 4tQ . . , .day of.
<br />~ept~m?e:.. 19,8.4, by . I')I~H~E~ ~.,Prp~S.A~O.Jf\C9UfL.YN, K.. P~p~S,. .h';ls9a,:,d.a,:,d.w~f~
<br />
<br />Witness my hand and notarial seal at. ,Gra~d. Islp~,. ~eQras~a, . , . , , . . . . ,
<br />~n said County, the date aforesaid.
<br />
<br />....-.........--
<br />......L-..
<br />., .... ... ... a. 1111
<br />
<br />,Q~d:.~
<br />
<br />Notary Public
<br />
<br />My Commission expires:
<br />
<br />REQUEST FOR RECONVEYANCE
<br />
<br />L
<br />
<br />TO TRUSTEE:
<br />
<br />The unders>gned is the holder of the note or notes secured by this Deed of Trust.
<br />SAid note or notes, together with 411 other indebtedness secured by this Deed of Trust,
<br />have been pAid in full. You are hereby directed to cancel said note or notes and this
<br />Deed of Tr'uat, wh1.ch are delivered hereby. and to reconvey, wlthout warrant.y, all the
<br />.stat. now held by you under thlS Deed of Trust to the person or persons legally ~ntitled
<br />tl"l!re1:.c,
<br />
<br />Oat,.: . , ~ . . . ~ . . . . . . . . ,
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