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<br />86-40516,1
<br />No• , t;,,J1nRr-i CO3H'-,k, , I - S Borrower and Len der Wilhe['COVen3ni and agree is follows:
<br />Acceleration; Remedies. Under shall giv,- notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default,, (c) & date, not lea than V "n 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 in the notice 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 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 fall of all sums secured Wthis Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable low. Under shall be entitled to
<br />collect 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 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 low 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 />ade to the persons and in the manner prescribed by applicable taw. 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 ofsait 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. Under or its desipee 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 low and reasonable attorneys' fees; (b) to ail sums secured by this Security
<br />Instrument; and (c) any excess to the person or persons legally entitled to it
<br />20. Under in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Under (in
<br />agc- —C.-, bucti Lu enter upon. tiaxe possession or and manage tne
<br />--t -�rby ;ud; 'y appointiad iecc' tt) be cn-
<br />Property and to collect the rents of the Property including those past due. Any rents collected by Under or the receiver
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, includin& 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, Leader 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
<br />to any Trustee appointed hereurider 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 Borrowct's
<br />address which is the Property Address.
<br />24. Riders to this Security InstirturwmL 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 shalt be incorporated into and shall amend and
<br />Supplement the covenants and agreements of this Security Instrument as if the rider(s) were a pant of this Security
<br />Instrument. [Check applicable box(es)]
<br />Adjustable Rate Rider Condominium Rider 17 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
<br />Instrument and in any rider(s) executed by Borrower and recorded with it-
<br />...... ------- ----- (seal)
<br />/-40HN CHARLES HERMAN -4kv-e,
<br />—.(Seal)
<br />RENEE SUE HERMAN -4kwroww
<br />(Sp+ e Below This Urn Fw Acknowledgrnwdj
<br />3rKfE OF NEBRASKA, .......... P644 ................... County ss:
<br />On this ... 11th ..... . Say f 9. X
<br />�tll.PPAV ........... a., before me, the
<br />undersigned, a Notary Public duly commissioned and qualified for said county,
<br />personal ly came . dONN CHARLES HERMAN and RENEE SUE M
<br />................. i .... . y)" .......
<br />............................... I ................... I to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument
<br />and acknowledged the execution thereof to be ... THEIR..,.,, voluntary act and
<br />deed.
<br />Witness my hand and notarial seal at ...... ............... in
<br />said county, the date aforesaid.
<br />NoLar, ..........
<br />MY colivnission 1-1/piros;
<br />tai DOLOftES K KKER
<br />Ml Comm Ew 11;; 4, 191111
<br />i.
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