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<br />1017364
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<br />87-
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<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 />Propert}' is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to thl/
<br />other persons prescribed by applicable law. After the time required b}' applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribell by applicable law. Trustee, without demand on Borrower, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in
<br />one or more parcels and in an}' order Trustee determines. Trustee may postpone sale of all or an}' parcel ofthe Propert}. by
<br />public announcement at the 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 the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's'deed shall be prima facie e,idence of the truth of the statements made therein.
<br />Trustee shall apply the pr{)('eeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured b)' this Security'
<br />Instrument; and (c) any excess to tile person or persons legally entitled to it.
<br />20. Lender in Possession. 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 eDler upon, take possession of and manage the
<br />Property and 10 coUect the rents of the Property 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 the Property and collection of rents, including. but not
<br />limited to. receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. Upon payment of all sums !>Ceured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shaU surrender this Security Instrument and all nOles e\'idencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property w;thout warranty and without charge to the person or persons
<br />legally entitled 10 it. Such person or persons shall pay any recordation costs-
<br />22. Substitute Trustee. Lender. at its option. may from time to time remo\'e Trustee and appoint a succosor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this ~urity Instrument is recorded,
<br />Without conveyance of the Property. the successor trustee shall succeed to all the lille. (lOwer and duties conferred upon
<br />T ruslee herein and bv applicable law,
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<br />23. Requesl for Notices. Borrower reque<ols Ihat copies of Ihe nOlices of defaull and sale be seDl 10 Borrower's ad-
<br />dress which is the Property Address. '"Borrower funher rcqu,'SlS Ihal .-oll'ies of Ihe nOli.-es 'Of default and ~ale b.: person
<br />set forth herein."
<br />24. Riders to this Security Instrumenl. If 'One (lr m(\re ndel'> arc ex.xuted by Borrower and re..:orooo IOgelher with
<br />this Security Instrument, the co\'enants and agreements of e.1ch such odeI' ,hall be incorporaled into and shall amend and
<br />supplement the covenants and agreements of Ihis Secunly Instrumenl as If the rider(s) were a part of this St.;:urit).
<br />Instrument. [Check applicable box(es))
<br />'-- . Adjustable Rate Rider
<br />_ Graduated Payment Rider
<br />. Other(sl [specify)
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<br />= CondomlRlum Rider
<br />_ Pbnnoo t:ml Oe\'eIOi'menl Rider
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<br />1-4 Family Rider
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<br />BY SIG~t~G BELOW, Borrower accepts and agrees 10 the term'!. and <<wenants conlained
<br />Instrument and in any rider(s) executoo by Borrower and recorded ....lIh ii,
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<br />ALllH iI. SUlNUIlU(
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<br />in Ihis Se.:uril)'
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<br />(Seal I
<br />. Borro...",
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<br />(Seal)
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<br />(Seal)
<br />-Borrower
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<br />(Seal)
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<br />ACKNOWLEDGMENT
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<br />. ('"Trustor'"). amda Ihal <<nain Dood 'Or TruSI .JatN
<br />. ("()red or Trusl")to be enten..d into
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<br />liWe. AllBl II. SClMl*R.nd laRA II. SCliltEUU
<br />~bn ell Ul, 19 87
<br />amoung TruMor. UllIlU..S TITlE I~ Ulf:ltiilUOli
<br />('"Trustee'") and toITRQlllClRlmsE rot:P., ma-fll Kl!IE Lmti ~ - roJiHFlill, P.O. rox stOo2, i:1i.1U~ III 4M12->>S2
<br />("'Beneficiary") co\ering Ihe follo\\ing described prol"Cny:
<br />
<br />LEGAL DESCRIPTION: See front Pa!e
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<br />hereby acko\\ledge thai it is understcx>d that (a) the Deed of TfU'!.tlo be ew,,:uloo by Truslor i, a lIust dn'Xi and not a mor-
<br />Igage and (b) Ihe 'po\\er of sale pro\ided for in Ihe l>.:cd of Trusl I'l<wid.:s '!.ubstamiaUy different right'!. and obligations
<br />10 the Trustor than a mortgage in the e\en! o( a default of bleadl oi obligation.
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<br />Trustor Ad;no\\ledges Ihat this Acl;no\\ledgmem "as made pJim to Ihe e"....'Ulicn oi the 0.....'\1 ,'f Trust.
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<br />Execuled and deli'ered this
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<br />da} of l><<fttoer . 19 67
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<br />Statr of ~rbraska
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<br />Counl}' of Hall
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<br />The ff'Icgoing in'-trunlcnt \\a... ackn{l,,\kd~t'd he fort.- Ine thl' 28th da~ of.
<br />December .19 87 . t->,
<br />Allen W. Schneider and Debra M. Schneider, Husband and Wife
<br />\\"111<''' m~ hand and nOI.u,al \eal;1l Grand Island !II ,;",1 ('\'UIII\. Ih\' .1,11\' ;1l\'I\",.,,'
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