|
89- 102799.
<br />NoN•UNIFd)R1t ('l W CN ANTS Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Lender shall g(vf; notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (btrt not prior to acceleration under paragraphs Id and 17
<br />unless applicable law provides otherwise). The notice shall speclfjr; (is) the default; 00 the action required to cure the
<br />default; (c) a date. not less than 10 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified In the native may result In acceleration of the sutras
<br />secured by this Security lastarument and sale of the Property. The notice shall; Qtrther inform Borrower of the right to
<br />reitiatate after acceleration and the right to bring a cdttirt action to assert the non- existence of a default or any other
<br />defirsse of Borrower to acceleration and sale. If the default W nut cured on or before the date specified in the notice, Lender
<br />at its option may require Immediate payment in fult of art sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses Incurred is 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 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 sad shall nail 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 />sale to the persona and in the manner prescribed by applicable law. 'Trustee, without demand on Borrower, shall sell the
<br />Property at public saction.to the highest bidder at the time and place and under the terms designatedin 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 desigtwe may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dew 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 procteds of the sale in the following order; (ab to all expenses of the sale., including, but not limited
<br />to, Trustee's fats as permitted by applicable law and reasonable attorneys' fees; (b) to all s ms secured by this Security
<br />Instrument; and (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 Mite Pavip:rty, 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 Properly 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 tho Property and collection of rents, including, but not
<br />limited to. receiver's fees, premiums on receiver's bonds and 'teas n3ble attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums stmured by this Security Instrument, Lender shall Tequest Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all rttates.evidencing debt secured by this Security
<br />Instilment to Trustee. Trustee shall reconvey the Property withotit warranty and without charge to the person or persons
<br />legatfy.entitled tit et. 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 =. -tv..— ance of tits Prop`-riy, t.2110 success» tiuslee small suc..i cl to all the idle. pu*vr 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 riders are executed by Borrower and recorded together with
<br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated 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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 24 Family Rider
<br />❑ Graduated Parwvnt Rider [,1 Planned Unit Development Rider
<br />❑ Other(s) [speciEgj
<br />BY SIGNING BELOK'. 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 />................................................... ............................... K..,.,, ic!.. ��t .............................. .(Seal)
<br />David W. Schocke —Borrower
<br />:....t................. . r/
<br />l.?..r :r..:.:..G�............5 .d:v.- G.L��...........(Sea1)I
<br />Brenda E. Schocke - eokc�rtx
<br />Sr.ATE OI' NEBRASKA. Hall C'rntnly tin:
<br />On - rhis, 1st day, of June ;1y. 89, before me, the undersigned, a Notary fl!i tic
<br />4`t3Jj, sort riyi.ssz�ned and qualified for wd'county. personally'.a c David W. Schocke: and Brenda E. Schocke
<br />h,�ch, iir his and her own right, and as spouse of each other tt, me Irnown to he the
<br />idaytica! persons) whose names) are %ubscriL+cd:t•o the foregoing Instrnmem anti ackncw,.lc•d tK.3 the rvc�ution
<br />thereof to he their voluntary act 'Ind deed.
<br />Witness my hand and notarial seal at Grand Island Nebraska � ill ,aid stunt,`, the
<br />date aforesaid.
<br />%1y Contmrssion crpires:
<br />L II�MI list""
<br />Itn• undcf.lftrlcrJ 1,, 111c htilticl rri !L•t ante „r ttr:;•..r.l :r.cl t R }r. I), d ,.t 1tt1•.r 'Noll! nwk—r•l 110t. • rtl1,•
<br />vtllt allrtlittf tH.1Cht,irltt:.•yt'�urclt l +ti It,. l)i.Jnt Its•! h.nc htr It t1.0,ln: h, ;. \., , . L�r,t••.:�.t.,...1 f t..1
<br />to +t ' „1 Ilnl,.''• .t11,I tltl.. I)�lil ,I I111'.1 -.t 111, II .11' .I�•II -.: t' it ., ,. t.. _ ,.
<br />1.,,.; t:( -ht t•. ,.,.rt IWO 1 tl. I1.- .t 0 1 f:t
<br />ME
<br />e�
<br />P.
<br />4
<br />1
<br />
|