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<br />90-- 107278
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as folluwh;
<br />17. Fore&sufe Prooedam. It Lender requires Immediate, payment In full under paragraph 9. leader may Invoke Ike power
<br />leader be entitled to collect all expenses htcarred IN pursuing
<br />o/ site and any other remedies permitted by applicable law. shall
<br />under Ibis para&mPh 17. Including, bve not limited lo. reasonable attorneys' tees and costs of title evidence.
<br />Ibe remedies
<br />It the power at sale h Invoked. Trustee shall record a notice of default 1n each county in which any part of the Properly
<br />copies of each Notice In eke meaner prescribed by applicable law to Borrower and to the other persons
<br />v.
<br />Is located and shall mail
<br />prescribed by applicable law. After Ike time required by applicable low, Trustee shall glve public notice of ale to the persons
<br />demand on Borrower, shall sell the Property at public aucelaa
<br />•r k
<br />and is the moaner prescribed by applicable low. Trustee, without
<br />to The highest bidder of the time pad place and under the derma designated is The pollee of sale In one or more parcels pad
<br />at
<br />�• t'
<br />In any order Trnslee determines. Trustee may PostPoue sak of all or Nay parcel of the Properly' by public annouacenteat
<br />leader its designee may purchase the Properly at any sale.
<br />_ -. �— '. ;.
<br />the time and place of nay previously scheduled sale. or
<br />Upon receipt of Pay of the price bid, Trustee shall deliver to the purchaser Trusler's deed conveying tee Property.
<br />of the bulb of the statements made thercln. Trustee shall apply
<br />:,ra
<br />The recitals In the Trustee's deed shall be prima tame evidence
<br />the of the sale in the fallowing order: (a) to all expenses of the sale. Including. but aol limned to. Trustee's tees
<br />proceeds
<br />as permitted by applicable low and reasonable attorneys' teas; (b) to all sums secured by this Secatity lastrasae+rd; pad (c) my
<br />excess to Ike person or persons legally entitled to It.
<br />_ • ' N•
<br />18. Recanveyanoe. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to rernm•cy
<br />evidencing debt secured by this Security Instrument
<br />”!
<br />the Property and shall surrender this Security Instrument and all notes
<br />to Trustee. Trustee shall reconvey the Properly without warranty and without charge to the person or persons legally entitled
<br />to it. Such person or persons shall pay any recordation costs.
<br />.:•: ,.: ••'
<br />.;.
<br />19. Substitute Trustee. Lender, at its option, may drum time to time remove Trustee and appoint a successor trustee to
<br />hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without
<br />S"
<br />f . ,`•r,
<br />any Trustee appointed
<br />conveyance of the Property, the successor trttstce shall succeed to all the title, power and duties conferred upon Trustee herein
<br />and by applicable law.
<br />20. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's are
<br />which is the Property Address. "Borrower further requests that copies of the notices of default and sale be sent to the person
<br />set forth herein."
<br />Acceeradon Clause. Borrower agrees that should this Security Instrument and the note secured thereby not be eligible
<br />for insurance under the National Housing Act within sixty days tram the dace hereof, Lender may, at
<br />immediate in full of all sums secured by this Security
<br />its option and notwithstanding anything in Paragraph 9. require payment
<br />Instrument. A written statement of any authorized agent of the Secretary dated subsequent to sixty days
<br />from the date hereof, declining to insure this Security Instrument and the notr !.muied tikreby, wall be deemed conclusive
<br />not be exercised by Lender when the unavailability
<br />proof of such Ineligibility. Notwithstanding the foregoing, this option may
<br />insurance is solely due to Lender's failure to remit a mortgage insurance premium to the secretary.
<br />of
<br />Riders to This Security Instrument. If one or more riders are executed by Borrower and recorded together with this
<br />the covenantsof each such rider shall be incorporated into and shall amend and supplement the covenants
<br />qtr. :,• -,. (..
<br />Security Instrument,
<br />and agreements of this Security Instrument as if the rider(s) were in a pan of this Security Instrument. (Check applicable box(es)
<br />u
<br />0 Condominium Rider ❑ Adjustable Rate Rider Growing Equity Rider
<br />00ther
<br />Planned Unit Development Rider ❑ Graduated Payment Rider
<br />_ .; 9`•i'.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instrument and in any rider(s)
<br />r , •`r.rsth. ".tom tliit,k
<br />executed by Borrower and recorded with it.
<br />,!
<br />A".
<br />Witnesses:
<br />(Seal)
<br />Rickie Pichler -Borrower
<br />,.,if %. < : 1 : IL tc� : (Seal)
<br />Teresa Pichler - Borrower
<br />(Seal) (Seal)
<br />Ik,rrower Borrower
<br />!'nee d n/ J
<br />- ACKNOW LEDUMENT
<br />I/We. Rickie Pichler and Teresa Pichler . ( "Trustor "), under that certain Deed of Trust dated
<br />December I%, 1990 , ("Deed of Trust ") to he entered into among Trustor. National Bank of
<br />Commerce Trust and Savings Association, 13th and "0" Street, Lincoln NE 68506 ( "Trustee ") and
<br />The Overland National Bank of Grand Island (••Beneticiar )covering the followingdescribedproperty:
<br />LEGAL DESCRIPTION: The Southerly Seventy -two (72) Feet of Lot Six (6) , in Block Twenty -
<br />Seven (27). in Charles t,}asmer's Addition to the City of Grand Island, Nall County, Nebraska
<br />hereby acknowledge that it is undemrtxtd rhat (a) the Dwd of Trust to be esccuted b% Tru +tor i. arrust deed and not a morrgai:
<br />and (b) the power of sale pro.!dcd ft--%r in the Deed of Trust provides suhstantWIN dil'fercnt rights and obligations to the Trusror
<br />than a mortgage to the encnT of a dc'iau;i ,l: .,••.•t�:i::
<br />Trustor Acknowledges that this Acknowledgmem %%.t, n,.a.jc 11nor ro :h,: c.eculr,Tn ,sl't1w of Trust.
<br />EX514d and delivered his 17th t!a) of December 19 40
<br />iruar+r
<br />-Rii. e %Tt r,,;�,;,; Teresa Pichler
<br />Slate of Nebraska.
<br />The foregoing instrument wa%acknawhtiiged txforc me this
<br />by Rickie Pichler and Teresa Pichler, husband
<br />%%fitness my hand and notari t a
<br />LOIS 0. HENKE
<br />Any commrss!on ctpncs�i 'jl . lh&imEsp. Seat 9. Me
<br />Nall Counh ss:
<br />17th dayol• December •19 90
<br />and wife
<br />ebraskay. t %,ud t'uunn. the date aforesaid.
<br />JrMi1�
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