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87-- 1.00495 NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Leader shall gin notice to Borrower prior to acceleration following Borrowers breach of my count or agreement in this Security Instrnanent (but am prior to acceleration under paragraphs 13 and 17 unless applicable law provides otherwise). The notice shall specify- (a) the default; (b) the action required to cue the default; (c) a datk not less thm 30 days from the dew the notice is given to Borrower, by which the default must be cured; and (d) that faiium to cue the de[mk on or before the date specified in the notice may result in acceleration of the sums seemed by this Swm* Instrument and ask of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non- existence of a default or any other defense of Borrower to mcealanliom and ask. If the default is not eared on or before the date specified in the notice, Lender at its optiea may require immediate payment in fail of all alum secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Leader shall be entitled to collect all expemm incurred in pursuing the remedies provided In this paragraph 19, including, but not limited to, remsemile attorneys' fees and costs of title evideam If the power of sale is invoked, Trustee shall record a nee of default in each county in which any part of the Property is located and shall mail copies of such notice in the mamma prescribed by applicable law to Borrower and to the other persons prescribed by applicable kw. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the hummer prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and is any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to. Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reeanyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale besettt to Borrower's address which is the Property Address. borrower further requests that copies of the notices or default and sale be setth�c i a�artyeto at the ad4ress of such rs n set forth herein ty a one or more n ers are execute�by lorrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider Graduated Payment Rider 17 Planned Unit Development Rider ❑ Other(s) [specify] By SIGNING BE[Aw, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. ..(Seal) Martin L. M.uetiichau — Borrower ............................. `...:........... ............................... (Seal) J, n A. Muenchau — Borrower [Space Below Ttks Line for Acknowletlgmentl State of: Nebraska County of: Hall ASS: On this 23rd day of January , 19 87 , before me, a Notary Public in the State Of Nebraska , personally appeared Martin L. Muenchau and Jean A. Muenchau, husband and wife , to me personally known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that L1ey executed the same as their voluntary act and deed. My Calrstssion Expires: 1 - t i J XrARY P3LIC I EHAAE ry I. NE sr r`