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<br /> 22. Dstault;Termination end Aoceleratlon;Rsmedie�.Eeoh of the following events ehell constitute an event ot deteult("event „
<br /> of defeult")under thl�Sscurlty Inst►ument:(1)Borrowercommitef►sud ormskeo e materlsl misrepresentation in connectton with thls
<br /> Security Instrument or the Credlt Ag►eement;(2)Borrower does not meet the repeyment terms of the Credit Agreement;or(3)Borrower'�
<br /> ection or inactlon edverwiy affeat�the Lender's rlghts In ths Proqerty�ecured by thla Sacurity Instrument,If an event of d6tauit occurs,
<br /> then prlor to exerclaing eny right or remedy provlded for In ihi�eti e1awt Tfie no m e ahall�peotty:(a)the vent of de ault(bj the ection , _
<br /> as provlded in paragraph 12 hereof and ao required by app
<br /> requlred to cure ths event of def�ult;(a)a d�te not tees than twenty days(or�ny longer perind requlred by�ppllceble lew)from the date
<br /> .,,.,,...:� the notice Is glven to Borrower bywhich the event of defauit muat be cured;(d►that failure to curethe event ot detault on or betore the dete � =,�
<br /> .. ..wn apecified In the notice may rewlt In acceleretlon of the sums secured bythia 8ecudry Inatrument and eale ofthe Property;and(e)eny other �p . �-
<br /> �� Informat{on requlred by applioable taw.The nottce ahell further intorm Borrowerof the right to relnatate after ecceleretion,it appliceble,
<br /> endtherlghttobringacourtectiontoesaedthenonexistenceofaneventofdefeultorenyotherdafenaeofBorrowertoecceteratlanand _
<br /> aale.lf the event of defeult Is not cured on or betore the date apeclfied in thenotice,Lender,at Lender's option,wlthout furlhar notice or
<br /> demend,mey dealare detault,may declaro atl eume seaured by this Seeudty Inetrument to be Immedlatety due and payable,and may O _
<br /> tnvoke the power oi aele and any other remedles permitted by applicable lew.Le�der ahnll be entitted to coileat ali reasoneble costs
<br /> �� and expenses incurred in purauing the reme�lea provided In thia�paragreph22,inctuding,but not Ilmited to,�eaeonsble�ttorneys'tess. 0 -
<br /> � if the power of a�ale Ia tnvoked,Trustee shall record a notice of default in each county in which the Property or eome �
<br /> psrt thercof ic�ocated end ahali mett copieaof such notice In the manner prekribed by appllcabie Iaw to eorrowerand to the other pereons N
<br /> prescribed by eppliaeble law.After the lapaa of such time as may be required by appllcabie law,Trustee aheli giva publia notice of snle
<br /> 1 to tha peraone end in the manner prescrlbed by applicabie lew.Trustee,without demand on Borrower,shall aeli the Propeny At public _
<br /> auction to the highest bidder et the time end place and under the terms deatgnated in the notice of sele in one or more parcels end in �
<br /> euch order es Trustee may dotcrmine.Trustee may postpone eale of ali or sny parcel of the Property by pubile announcement et the `
<br /> t time and plece of any prevlously sc�.�duied:. �e.Lena�r o•Lende�'s deaignee may purahaae the Property at any sale. �
<br /> Upan receipt of peyment of the prlce bld,Trustee ehal►,:oliver to the purchaser Trustee'e deed conveying the Proparty
<br /> sold.The rec(tals in the trustee's deed ehalt be prlme tacte evidence ot the truth of the atatements made thereln.Trustee ahali appty _
<br /> the proceeds of the eale in the foilowing order:(a)to alt reasonable costa and expenses of the sale,Inciuding,but not Itmited to,Truatee's
<br /> � feea aotu�lty Incurred of not more then b6 of the gross eele prlae,reaaonable ettorneys'fees and coste of t(tte evidence;
<br /> (b)to att sume secured by thia Security Instrument;and(e)the exeess.If any,to the peraon or persom�egelly entitled thereto.
<br /> 23. Bor�ower's Right to Reinatate.If Borrower meets certain conditbns,Borrower shail have the rlght to have enforcement oi this
<br /> �, Security Instrument discontlnued at anytime prior to the earlier of(i�flve days(orsuch other period as appllcable law may speci(y for reinstatement} —
<br /> before sale of the Property pursuant to anypower of sa$eLenderal alu sfwhichwoulld than be due�underryhis Secu9lry Instrumentand the C ed
<br /> ' Instrument.Those conditions are that Borrower.(a)pay
<br /> � Agreement had no acceleratlan occurred;@)cures all events of default underthis Security Instrument and the Credit Agreement;(c)pays all
<br /> t• reasonableexpenseslncurredinenforcinglhisSecurltylnstrument,Including,butnotiimitedto,reasonabieadorneys'tees;and(d)takeseuch
<br /> - -�; ac!!on ss Lender mwy raesonably require to assure thatthe Ilen of thls Secudry Inslrument,Lender's righte in the Property and Borrower's obligation
<br /> to pay the sums secured by thls Security Instrument shatl continue uncnanged.Upon rni�isiatart�ant by 8orra::er,!h!s S�'utity lnatniment and ,
<br /> �, the obligations secured hereby shall remain fully eNective as if no acceleration had occurred.However,this right to reinstate shall not apply in
<br /> the case of acceleration under paragraph 21.
<br /> � 24. Reconveyance.This Security Instrument secures a revolving line ol credit and advances may be mede,repaid,and remade from time
<br /> to time,under the terms of the Credit Agreement,When,accordfng to the terms of the Credit Agreement,no more advances will be made,and
<br /> Borrower hes pald all sums secured by this Security Instrument(or earlier if requlred by applicabie law),Lender shall requeat Trustee to reconvey
<br /> •� the Property and shali surrender thls Security Instrument and the Credit Agreement to Trustee.Trustee shall reconvey the Property without warranty
<br /> and without charge to the person or persons legelly entitled thereto.Such person or persons shall pay all costs of recordetion,If any.
<br /> � 2b. Substitute Trustee.Lender may irom time to time in Londer's discretlon remove Trustee and appoint a successor trustee to any —
<br /> Trustee eppolnted hereunder.Without convevance of the Property,the successor trustee shall succeed to all the title,power and dutles conferred
<br /> upon the Trustee herein and by appi�able law. _
<br /> 26. Request for Noticea.Borrower(Trustor)and Lender(Beneficfary)request pursuant to Neb,Rev.Stat.§76-1008 that e copy of any
<br /> notice of default and a copy of any notice of sale hereunder be malied to Lender,at the address shown on the firstpage of thfs Socurity Instrument, _
<br /> and to Borrower and Trustee at the following addresses. N� (�$8 3 2
<br /> � Robert McMaster 38 Lillian Lane p�.�h4«
<br /> Atldrots Gty.Slele.Zip
<br /> B0"°"ef � �i �an Lane Don�'�han. NE 68832
<br /> (�}�Y1St�T1@ MCMARt'gT 3��• Atltlress C�ty.S1CIt.Z�P
<br /> s«�owo� Ppa 895, ICearnAv,__NE G88�8•-08q�_
<br /> �. .7ames GHT1Z _ naaro�s cny.sieN.z�p
<br /> r rruaoo
<br /> � BY SIC3NINCi BELOW,Borrower accepts snd agrees to the te ms and covenants contained in this Security instrument and
<br /> . In any rider(s)executed by Borrower and recorded with it. ���,/,�— �Seal) __._
<br /> .. � � nowa F-,-:- --
<br /> � J � _. � (`S''6oSo� - .
<br /> ° 80 �,_.;;�;�- -
<br /> STATE OF NEBRASKA, Buf fa lo County ss: � F
<br /> ,19�_,before me,the undersigned,a Notary Publlc �'�.�...-.
<br /> Onthis�.�*h _dayof •Tan ��a?'� _- :- _
<br /> ._ __� .....n..;;�..,,,. �.,,a Chri�t-inP
<br /> duly comm(ssioned and qualified for said county,personalty came " -- — �'"�`�f
<br /> !'?"'--_
<br /> McMa�+Pr= Husband and W?fe ,to me known to be the identical person(s)whose neme(s)are subscribed to the r w;�. �
<br /> }oregoMg instrument and acknowledged ihe execution thereof to be�tip'`" voluntary act and deed. �;1 ,�._.
<br /> WITNESS my ha Ave• Parnev. in s d county,the date aforesaid. • � °"f±�-:-
<br /> GE ERAL NOTARY•State ot t�ebra�ka
<br /> My Commission expirea I OAYID R.WIDMAN No�n �b��� •
<br /> MyCanm.Exp.Feb. T FOR RECONVEYAhCE
<br /> TO TRUSTEE:
<br /> the undersigned Is the holder ol the Credit Agreement secured by this Security Instrument. Said Credit Agreement secured by
<br /> del eeed herebyr and to econvey,wathoul warranty rall the estnt gnow held by you onder this Secur ty Inst um'ent ot he p rsonror personsilegally
<br /> entitled thereto.
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