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<br />10148i7
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<br />NON, UNIfORM COVENANTS, Borrower and Lender further covenant and agree as follows:
<br />19. Ac:celeratlon; Remedies, l.ender shall give nollce 10 Borrower prior 10 IIccelerallon following Borrower's bruch of
<br />Iny covenanl or IIgrHmenl In Ihls S<<urlly Inslrumenl (bul nOI prior 10 accelerallon under paragraphs 13 Ind 11 un~55
<br />Ippllclble Ilw provides othrwl!le). The nollee shill specify: (a) Ihe delaull: (b) Ihe acllon required to cure the ddault: (c) a
<br />dlte, Dot leu than 30 dlYs from Ihe dale Ihe noUce Is given 10 Borrower, by which Ihe delault must be cured: and (d) that
<br />rallure 10 cure Ibe delault on or before the date speclned In the Mtlee may result In acceleration of the sums lItCuredby this
<br />Security Instrument and sale of the Property. The notice shall fllrther Inform Borrowtr of the rilhl to nlbtale after
<br />acceleration Ind the nabt to bring a court action to URrt Ihe non~Jd5tence of a ddault or any other ddell5l' of Borrower to
<br />acceleration aDd sale. If tbe default Is Dol cured on or belore Ihe date specified In the nollce, Lender al Its option may
<br />require Immedllte plyment In full of III sums secured by this Security [nslrument without further demlnd Ind mlY Invoke
<br />tbe power of IlIe lad any other remedies permllled by Ippllcable law. Lender sball be entitled to collect III tllptnscs Incurred
<br />In punu!.g the remedies provided In Ibis plragraph 19, Including, bul not United 10, rusonable altomey's fees Ind cOsts of
<br />tllle nklellce.
<br />If the power of sale 15 Invoked, Trust" shall record a nollce of ddaull In each county In which Iny plrt of the
<br />Properiy Is louted Ind sball mall copies of sucb nollce In tbe maDDer prescribed by Ippllclble law to Borrower Ind to Ihe
<br />olber persons prncribed by IppJk.b~ Ilw. After Ibe lime nqulred by .ppllclb~ I.", Trustee shall live public nOllee of sale
<br />to the PftIOltS lad In tbe mlnner prescribed by Ippllcable law. Tru!lee, wllbout demlnd or< Borro"n, sball sell Ihe Property
<br />II publk audloll to the htallest bidder II the time aad place'ud Qnder lhe terms dalgulted In tbe notice 0.' !a~ In DUe or
<br />more parcels .Ind In Iny order Trustee determines. Trustee may postpone sale of all or any p.rcel of the Proptrty by public
<br />announcement It tbe lime Ind pllce of Iny previously scheduled sale. Lender or Its designee mlY purchase the Property at
<br />any sale.
<br />Upon receipt 0' payment of Ibe price bid, Trustee sball dellnr to the purchuer Trustee's deed connylnl the Property,
<br />Tbe recitals In the Trustee's deed sball be prima fat~ evidence of tbe truth of tbe statements mlde therein. Trustee shall
<br />lIPply tile proceeds of t~ uIe In tbe 'ollowlng order: (I) to an tllpen!il'5 of the sale, Including, but not limited 10, Trustee's
<br />fees u permitted by .pplkablr II" Ind reasonable Ittomey's fm; (b) 10 III sums 5<<ured b)' this Security Inslrument: Ind (c)
<br />Iny elIceu to tbe penult or persoDS Iqally eulltled to It.
<br />20. Lender In PounsIon. Upon acceleralion under paragraph 19 or abandonment of the Property, lender (in person,
<br />by agent or by judicially appointed r<<eiver) shall be entilled 10 enter upon, take possession of and manage the Property and
<br />to collecl the rents of the Properly including those past due. Any rents coll<<ted by lender or the receiver shall be applied
<br />firsl 10 payment of the costs of management of the Property and colleClion of rents, including, bUl not limiled to, receiver's
<br />fees, premiums on receiver's bonds and reasonable allorney's fees, and then to the sums s<<ured by Ihis S<<urily Instrument.
<br />11. RecolveYlnce. Upon piyment of all sums s<<ured by Ihis Security Inslrumenl, lender shall request Trustee 10
<br />reconvey the Property and shall surrender Ihis S<<urily Instrument and all notes evidencing dcbt secured by lhis Security
<br />Instrumenl to Trustee. Trustee shall reconvey the Property withoUl warranty and wilhoul charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation COS1S.
<br />U. SlIbstlhite Trustee. Lender, at its option, may from time to time rcmove Trustee and appoinl a successor trustee to
<br />any Trustee appointed hereunder by an instrument r<<orded in the county in wl:ich Ihis S<<urity Instrument. is i'ecorded.
<br />Without conveyance of Ihe Property, the successor trustee shall succeed to all the title, powcr and duties conferred uPon
<br />Trustee herein and by applicable law.
<br />13. ~... for Notkes. Borrower requests Ihal copies of the notices of default ami sale be senl 10 Borrower's address
<br />which is the Property Address.
<br />14. RIden to lilllI Secllrity Iqtnamcnl. If onc or more riders are executed by Borrower and recorded together with this
<br />Security Inslrument, Ihe co\'enants and agreemenls of each such rider shall be incorporated into and shall amend and
<br />supplement the covenants and qreemenls of thi~ S<<urity Instrumenl as if the rider(s) were a part of lhis S<<urity Inslrument.
<br />[Check applicable boll(esH
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<br />o Adjustable Rite Rider
<br />o GradUlted Payment Rider
<br />o OIher(s) (specify]
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<br />o Condominium Rider, 0 2.... Family Rider
<br />o Planned Unit Development Ridcr
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<br />By StGNtNG BElOW. Borrower acccpts and agrees 10 the terms and covenanls contained in Ihis Security Inslrumenr and
<br />in any rider(J) execuled by Borrower and recorded with it. /) ,
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<br />Richard A. Frerichs
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<br />ISpa<t Brio. This Uno For ",.-l<dann<t>tJ
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<br />STATE OF
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<br />NEBRASKA
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<br />} ss:
<br />
<br />COUNTY OF
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<br />IAOCASTER
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<br />I, , a Notary Public in and for said counly and statc. do hercby certify tbat
<br />Helen Frerichs arrl Richard A. Frerichs . personally appeared
<br />beforc me and is (are) known or proved 10 me to be Ihe person(s) who, being informed of the conlcnts of the forraoinl
<br />instrument, hive uecuted same. and acknowledled said instrumelll to be their free and voluntary act and
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<br />dud Ind that
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<br />."is. hn. Ihn,~
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<br />they
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<br />fllecUted said instrument for the purpcscs and uses thcrrin sel forth.
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<br />Witness my hand and official seal 'his 29th
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<br />dlY of February
<br />
<br />. t9 88
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<br />My Comminion E\pire~: 4-.:l/~J~
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<br />This i"mumenl ...., prepllred by _--'R.rr..c1.!J)~~!rflJ:,_ton _ ______~, __c_.
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<br />C8IEItAI. NOTM'f-SUtf ol.mw
<br />BERGITn V. LANG
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