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g6-M 1 101836
<br />NON•UNIFORHt COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrow'er's
<br />breach of any covenant or agreement in this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless sp/licarle law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not ten than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified is the notice may result in acceleration of the sums
<br />secured by this Security Instrunnest aid 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 non- 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, Lender
<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 />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />ressom" attorneys' fees and costs of thle evidence,
<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 />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed 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 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 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 evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds 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 by this Security
<br />Instrument; and (c) any excess to the 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 enter upon, take possession of and manage the
<br />Property and to collect 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 riot
<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 shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Trustee shall rtconvey 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 Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee 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 conferred 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. *CONTINUED BELOW
<br />24. Riders to this Security Instrument. If one or more riders are executed by Borro %;er amd 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 riders) were a part of this Security
<br />instrument. [Check applicable bomes)]
<br />Adjustable Rate Rider Condominium Rider 2-3 Family Rider
<br />Graduated Payment Rider '1 Planned Unit Detielopnieat Rider
<br />Other(s) [specify]
<br />BY SIGNING BFtow. Borrower accepts and agrees to the terms and covenants contained in this Security
<br />instrument and in any rider(s) executed by Borrower and recorded with it.
<br />.... . .:.r....:, _. ,zx.....= tk:;.`........_ ....... ..........(Seal)
<br />Gary V. Ostermeier
<br />Kathy,A: Ostermeier — uo,rower
<br />' --- — -- (Space BNow This Line for Ackmwied`ment)
<br />*Borrower further requests that copies of the notice of default and notice of sale be
<br />sent to each person who is a party hereto at the address of such person set forth
<br />herein.
<br />STATE OF NEBRASKA ...........................Hall County ss:
<br />—_ ..............I................................
<br />OnI
<br />this ........... St............. day of .... ..... April r 19.86.., before me, the undersigned, a Notary Public
<br />duly comm.Wioned and qualified for said county, personally came
<br />._ ............._........................-
<br />Cy... i[ A.. Si.> 11At' 1R@ 1fit^. ....4�Akly..�.•...4�tereigr,... husband.- an.d..wi.fe,..........
<br />to me known to be the
<br />identical person(s) whose name(s) are subscriber! to the foregoing instrument
<br />and acknowledged [he execu-
<br />tion thereof to be
<br />.
<br />.._ .tkte�x. . .. voluntary act and deed.
<br />V_ .R �.
<br />Witness my hand (rand Island,
<br />and notarial seal at ..._. .... Nebrn na in stud county,thc�
<br />date aforesaid.
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