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201201358
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Last modified
3/7/2012 11:27:22 AM
Creation date
2/23/2012 10:35:57 AM
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DEEDS
Inst Number
201201358
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201201358 <br /> 179003552 <br /> giving notice oC brcach to Bo�rower. IIowever,Lender or a judicially appointed receiver may do su at any <br /> time there is a breach. Any application of rents shall not cure or waive atty default or imalidate any o[Uer <br /> right or remedy of Lender. This assigmnent of rents of the Property shall te[minaTe when the dcbt secu�ed by <br /> thc Sccurity Instrument is paid in full. <br /> 18. Foreclosore Procedure�. If Lendcr requires immediaCe payment in full under Paragraph 9, <br /> Lender may foreclose this Security Instrumcnt by judicial proceeding. Lende� shall be entiticd to collect all <br /> expenses incurred in pursuing the remedies providcd in this Pacagraph 18, including, but not limited to, <br /> reasonable attorneys' fees and costs ofi tide evidcnca � <br /> If the power of sale is invoked, Trustee shall record a notice of default in cach county iu which any <br /> part of chc Property is loca�a{and shall mail copies of such notice in the manncr prescribed by applicable law <br /> to Borrower and to the othec persons prescribed by applicable]aw. After the �ime required by applicable law, <br /> 77ustec shall give public notice of sale to the persons and in the maimer prescribed by applicable law. <br /> � �Irustee, without deinand on Borrower, shall sell the Properry at public auction to the l�ighest bidder at thc � <br /> time and place and under the Yenns designated in the notice of sxle in one or more parcels and in any ordcr <br /> I'rustee determines. Trustee may postpone sale of all or any parcel oT[his Properry by public announcement <br /> at the time nn place of any previously schedided snle. Lender or its designec may purchase the Property at <br /> any salc. <br /> Upon receipt of payment of die price bid, Trustce shnll dclivcr to the purchaser Trus[ee's dccd <br /> conveyiug tl�e Property. The recitals in the Trustee's deed shall be prima facie evidence of the nvth of thc <br /> statements made therein, Trostee shal] apply the proceeds of[he sale in the following order: (a) to all costs . <br /> and expenses of exercising tlie power of sale, and t�he sale, including the payment of the Trustee's fees <br /> actually incurred, not to exceed .5 ",% of fl�e principa] amount ofi the notc at thc Lime of the declaration of <br /> default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security <br /> lnstrument; and (c) any excess to the persons lcgally entidcd to it. <br /> lf the Lender's interest in this Security Instrument is l�eld by the Secretary and thc Secrelary required <br /> immediate payment in full under Paragcaph 9, the Secretary may invoke the nonjudicial powe� of sale <br /> provided in the Single Family Morigage Poreclosuce Act of 1994 ("Act") (12 O.S.C. 3751 et sey.) 6y <br /> requesting a foreclosure commissioner designated u�dee the Act to commence foreclosure and to scll the <br /> Property as providcd in thc Act. Nothing in tl�c preceding seuteuce shall deprive the Secre[ary of any rights <br /> othcrwisc xvailablc to a Lcndcr undcr[his Pa�agraph 18 or applicable law. <br /> 19. Reconveyance. Upon payment of all sums secured by this Security InStrument, Lender shall <br /> . request Trustee to reconvey the Propexty and shall surrender this Security Instrument and all notes evidencing <br /> debt secured by this Security Instiument to 'Crustee. Trustee shall reconvcy the Yroperty without warranty <br /> and without charge to the person or persons legally entitled to it Such person or persons shall pay any <br /> recordation costs. <br /> 20. Substitute Trustee. Lender,at its optiou, may froin time to time remove Trustcc and appoint a <br /> successor trastee to any Trustee appointed hereunde[by an instrument recorded in [he countq in which this <br /> Security Instrument is recorded. Without conveyance of the Property,the successor trus-tec shall succced to <br /> all thc titLc, powcr and dutics confcrrcd upon'Cn�stce herein anci by applicable law. <br /> 21. Requcst for No6ccs. Borrower requests that copies of the noticcs of dcfault and sale be sent to <br /> Borrower's nddress which is the Property Address. <br /> 22. Riders to [his Security Instrument lf one or more riders are executed by Rorrowcr and <br /> recorded together with this Security Insta�ment,the covenants of cach such rider sliall be inwrporated into <br /> and shall amend and supplement[he coven�nts and agrecmcnts of this Securiry Instruinent as if the rider(s) <br /> were a part of this Security Instrument. <br /> FHA Nebraska Deed of Trusf-U6/I I <br /> �s 39L11 Paee 7 of 8 � <br />
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