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86- 103924
<br />NON - UNIFORM C0 F, 4,%T5 Borrower and Lender further ovenar.t and agree as follows:
<br />19. Acceleration; Re;,.tedks. Lender shall give notice go Borrower prior to acceleration following Borrower's breach of
<br />any covenant or agreement in this Security Instrument that not prior to acceleration under paragraphs 13 and 17 unless
<br />epplkabk' low provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a
<br />date, not less than 30 , days'from,the date "the nef ce is given to Borrower, by which the default must be cured; and (d) that
<br />failure to cure the default on or before the date specified in tie notice may result in acceleration of the sums secured by this
<br />Sseardly lnitrnment and sak of the Property. The notice shall further inform Borrower of the right to reinstate after
<br />ateolioned n and the r1ol to bring a court action to assert the non - existence of a default or other defense of Borrower to
<br />accolerolion ad sole. It The default is not cured on or before The date specified In the notice. Leader at Its option may
<br />require Immedlale payment In foR of all some secured by this Security instrument without further demand and may invoke
<br />1111* power of ante and any otter remedies permitted by- opplkaafe law. Lender shall be entitled to collect all expenses incurred
<br />In pursuing the remedies provided In this paragraph 19, including, but not limited to, reasonable attorney's fees and costs of
<br />title" evidence.
<br />It the potter 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 sbaU 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 sale
<br />to the persons hand "In, The manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property
<br />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
<br />more parcel and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public
<br />announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at
<br />may sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property.
<br />The recitals in Ike Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall
<br />apply the proceeds of the sale in the following order: (a) to all expenses of the salt, including, but not limited to, Trustee's
<br />fees as permitted by applicable law and reasonable attorney's fees; (h) to all sums secured by this Security Instrument; and (c)
<br />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 person,
<br />by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and
<br />to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied
<br />first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's
<br />fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by 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 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 Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br />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 address
<br />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 this
<br />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 Instrument.
<br />[Check applicable box(es)]
<br />El Adjustable Rate Rider _l Condominium Rider 2 -4 Family Rider
<br />Graduated Payment Rider Planned Unit Development Rider
<br />Other(s) (specify)
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and
<br />in any rider(s) executed by Borrower and recorded with it
<br />-- -- -- :- .�`rd.'� - °'l•�uK�CG�L - -- - -- (Seal)
<br />Barr D» Schochcnmaier
<br />(Seal)
<br />- -- -- Colleen Schochcnmaier - - -- Br,rr„ »<r
<br />_ -_._.- . -.- -.- -. _. - [5N« B<lu. Th,, I. the for ♦¢i,ne »ledlfememl
<br />STATE OF ,Nebraska
<br />Hall SS:
<br />COUNTY OF - - - -- - - - - -- -- - --
<br />1 the undersigned _ — a Notary Public in and for said county and state, do hereby certify that
<br />Barry D. Sehochentnaier and Colleen J. Sehoehrnmaler personalty appeared
<br />before me and is (are) known or proved to me to be the persons) who, �eir)g informed of the contents of the foregoing
<br />instrument, have executed same, and acknowledged said instrument to he _[ err free and voluntary act and
<br />they
<br />deed and that ..__ __..._ _ executed said instrument for the purpose, and uses therein set forth.
<br />fns. n<. ,Mel
<br />Witness my hand and official weal this 15th day of ,iltlY Iv 86
<br />My Commissio �..�.�.... - ,
<br />MUMi4tue at t
<br />k "1/M�t1_11, KAY
<br />hpt a;Y A'gbOc
<br />1'tus :na:unlenl Ua= prrnored ;>v
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