201204789 - Laserfiche WebLink

Browse

2012047�9 14. Borrower's Copy. Bomnwer shall be fumished a conf'ormed copy of the Note and of fftis Deed of Tnist at Uie time of execution or after reconlation hereof. 15. Rehab�itation Loan Agreement. Bo�rower shall fulfill all of Bomnwer s obligations under any home rehabilitation, improvement, mpair, or other loan agreement which Botrower enters into with C,ender. Lender, at Lender s optlon, may require Boimwer to execute and deliver to Lender, in a fonn acceptable to Lender, an assignment of any rights, claims or defenses which Bo�mwer may have against yraeties who supply labor, materials or services in connecdon with improvements made to the Property. 16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any intemst in it is sold or hansfemed (or if a bencficial interest in Borivwer is sold or transfer�rd and Bonuwer is not a natutal pejson) without I,Qnder s prior written consen� Lender may, at iis option, require immediate payment in full of all sums secured by this Deed of Ttust However, this option shall not be exercised by Lenderif exercise is prohibited by federal law as of the date of this Deed of Tn�st If L.enderexe�ises this option, Lendershall give Borrowernotice of accelera6on. The notice shall provide a period of not less than 3U days from the date the notice is delivered or mailed within which Bonower must pay all sutns secured by this Deed of Tmst If Bormwer fails to pay these sums prior to the expiration of this period, Lender may irivoke any remedies pe�mitted by this Deed of Tnist without further notice or demand on Bo�wer. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agrec as follows: 17. Acce�erai�on; R�ned9ec. Except as provided 'm para�aph 16 hereof, upon �orrow�'s breach of auy cm�ant or agreent�t of �orrow� u� this Deed of Trust, mclud'ueg Borrower's failure to pay, by the �d of 10 cal�dar days aft� they are du� any smns s��ed by Wis Dced of Trust, Lender, prior to accel�ation, shall give notice to �orrower as provided � paragraph 12 hereof specifymg: (1) the breach; (2) the action requ�ed to cm�e svch breach; (3) a date, not less than ZO days from the date the notice is mailed to Borrower, by which such br�ch must be cured; and (4) that failure to c�e svch br�ch on or before the date specitied 'm the notice may res�ilt m accQl�abon of the svms secw�ed by thic Deed of Trust and sale of the Prope�fy. The notice shall fm�ther mform Borrowe� of We right to rem�tate afte� accel� and the right to bring a court action to acsert We noneadd�ce of a default or any other def�se of Borrower to accd�atiiaa� and sal� ff the breach is not cured on or before the date speciHed m the notitce, L�der, at Lendex's opHon, may declare aII of We svms secured by this Deed of Trust to be mimediately due and payable withart further deanand and may utvoke the power of sale and a�ry oth� r�nedies permitted by applicable law. L�d� sl�a� be entitled to coDect all rea�nable costs and expensec IItc�red 'm p�sumg the re�nedies provided in this para�aph 17, including, but not l�ited to, rmsonable attorneys' fees. If the power of sale is mvoked, Trustee shall record a notice of default in each cotmty m which the Prope�ty or some part thereof is located and shall mail copics of such notice in the manner prescribed by applicable law to Borrower and to the othe� pe.rsons prescribed by applicable law. After the lapse of such tm�e as may be r�a�ed by applicable law, Trustee shall gtive public notice of sale to the persons and 'm the manner prescribed by applicable law. Trustee, without de�nand on Borrower, shaD sell the Prope�ty at public aacdon to the highest biddea at the time and place and under We terms d�ignated � We notice of sale m one or more parcels and in such order as Trustee may determme. Tauslee may postpone sale of all or any parcel of We Property by public announcement at the t�e and place of any previausly scheduled sale. L�dea or L�der's designee may pnrchase the Property at any sale. Upon rexeipt of payment of the price bid, Trustee shall deliv� to the purchaser Trustee's dced conveymg the Prope�ty sold. The recitalc in the Trustee's deed shall be prro�a facie evidence of the truth of the stat�n�ts made therem. Trustee shall apply the proceeds of the sale in the following order: (a) to all reasonable casts and expenses of the sale, mclad'mg, but not l�ited to, Trustee's fee�s actually incurred of not more than % of the gross sale price, r�sonable attorneys' fees and costs of title evidence; (b) to all svms secured by this Deed of Trust; and (c) the excess, if any, to the person or persons IegaIly entitled titer�o. 18. Borrower's Right to Reumstate. Notwithstanding Lender s acceleration of the sums secured by this Deed of Trust due to Borrower s breach, Borrower shall have the right to have any pmceedings begun by Lender NEBItASKA SECOND MORTGAGE DEED OF TRUST NEBRASKA GreatDas"' ITEM 4641L5 (072711) (Page 5 019) 1000772442