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r t. 'Yty`R.r a. 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 sad 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 my 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 recitab in the Trustee's deed shall be prima fade 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 reason" 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. Lender 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. Reconveyance. 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 be sent to Borrower's address which is the Property Address. Borrower further requests that copies of the notice of default sad notice of sale be sent to each person wen is a party hereto at the address of such person set forth herein. 24. Riders to this Security Instrument. If one or more riders are executed by Borrower 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 []Planned Unit Development Rider Other(s) [specify] 25. As long as this need of Trust is held by the Nebraska Investment Finance Authority, the Lender nay, at Lender's option, declare all sums secured by this teed of Trust to be immediately due and payable if Borrower omits or misrepresents a fact in an avolication for this Deed of Trust, including, without limitation, anythtnq contained in the Mortgagor's Affidavit and Certification executed by Borrower in conjunction with this deed of Trust. BY SIGNING BELOW, 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. .. .. .... ...... .........(Sea]) GENE A. SCHACHEK - aonower r..�J...C?, ........ ........ ................(Seal) PAMELA S. SCHACHER - :lorrower STATE OF NEBRASKA] J SS. COUNTY oFHall I The foregoing instrument was acknowledged before me this . . . . . 10th day of. . Aurust. 19. 85 by Gene,A. Schacher and Pamela, S. Schacher, usband and Wife . Witness my hand and notarial seal at. Grand Island :n said County, the date aforesaid. 411MtssetW -8ane d asbasls ON L 111411111111 M►—g*, 1t)It 1111 My Commission expires: October 10, 1988 j SHARON L. BAKER Notary Public REQUEST FOR RECONVEYANCE TO TRUSTEE: The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness secured by this need of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally entitled thereto. Dare: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .