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<br />NON.UNIFORM COVENANTS, Borrower and Lender funher covenant and agree as fol1ow~ B -101546
<br />19. Acceleration; Remedies. Lender shall gbe notice to Borrower prior to acceleration following Borrower's
<br />breach of any COTenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law proYides otherwise}. The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower. by wbich the default must be cured;
<br />and Cd) tbat failure to cure the default on or before the date specified in the Rotice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the Ron-existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, l.ender
<br />at its option may require immediate payment in full of all 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 />coll<<t all expenses incurred in 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 me is invoked, Trust~ shall record a notice of default in each county in which any part of the
<br />Property Is located and shall mail copies of such notice in the DUUlner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Tru5tee 5hall give public noti~e of
<br />sale to tbe persons and in the manner prescribed by applic;gble law. Trustee, without demand on ~orrowfr, shall sell the
<br />Property at public auction to the highest bidder at tbe time and place and under the terms design.ated in the notice of sale in
<br />one or more parcel5 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 preYioUlily 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 tbe
<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 tbe proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited
<br />to, TI"'.15tee's fee5 as pei"mitted by applicable law and reasonable attomeY5' fees; (b) to all sums secured by this ~urity
<br />Instrument; and Cc) any exces5 to the pel'S(ln or pel'S(lDS legally elititled to it.
<br />20. Lender in P-ossession. 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 enter upon. take possession of and manage the
<br />Propeny and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver
<br />shall be applied tirst 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 secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shaH surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />22. Substitute Tru5tee. Lender. at its option. may from time to time remov~ Trustee and appoint a successor trustee
<br />to any Trustr.e appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded,
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conf~rrtd 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 />o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider
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<br />o Graduated Payment Rider
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<br />o Planned Unit Development Rider
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<br />D Other(s) [specify] Acknowledgment
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<br />BY StGNING BELOW, Borrower accepts and agrees to the te
<br />Instrument and in any rider(s) executed by Borrower and recorded with. .
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<br />in this Security
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<br />.. ....., .. ...............,...........,....,.,..........(SeaI)
<br />I chroeder 1:,--Ilor1'owef
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<br />. m~i:jU:~~f24~df'~
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<br />Patrlcla a. Schroeder ~
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<br />STATE OF NEBRASKA.
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<br />Hall
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<br />County ss:
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<br />On this 29 day of ~larch . 19 88, before me, the undersigned, a Notary Public
<br />duly commissioned and quaiified for said county. personaIly came David T, Schroeder and Patricia
<br />A. Schroeder, Husband and Wi Fe . to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be their voluntary act and deed,
<br />Witness my hand and notarial seal at Grand Is land. Nebraska
<br />date aforesaid.
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<br />in said county, the
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<br />My Commission expires: 'T .... '" ~
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<br />!!JJ llIIIL Elf. .. tt -
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<br />R 1 TEE,
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<br />The undersigned i~ the holder of the nOle or notes secured b\' thl~ Deed of Trust. Sau.l nole or nOles, logeihn
<br />with all olher indebtedness secured by lhis Deed of Trust, have been oald 111 full. '1",1\1 are heret1\ direl:led 10 ,ann'l "lI\l
<br />ootc or note~ and this Deed of T rusl, which an.. deli\ered hereby, and to r 1..'..:0 11 \ e~. \\llllOut \\ <!rral\!'. all Ih.- ,"~I all'
<br />now hdd by you under tlm Deed of Trllsl 10 the person or pcrsOl1\ k~alh l"nlllll"d lhl"ICtO '
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<br />~{lliy'?,~.,c.~. ... ..;(1.ll..~T-
<br />~i;; Pubhc
<br />REQUEST FOR RECONVEY CE .
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<br />lJalc
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