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201204789
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Last modified
6/28/2012 4:22:11 PM
Creation date
6/15/2012 2:08:20 PM
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DEEDS
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201204789
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2012047�� <br />to enforee this Deed of Tnist discontinued at any 6me prior to the earlierto occur of (i) the fifth day befote sale <br />of the Properiy putsuant to tfie powerof sale contained in this Deed of Tevst or(ii) en6y of a judgment enforcing <br />this Deed of Tnist if: (a) Borrower pays Lender all sums which would be then due under this Deed of T�ust and <br />d�e Note had no acceleration occutmd; (b) Borrower cu�es all breaches of an,y other covenanfs or agreements of <br />Botmwer contained in this Deed of Tnish (c) Borrower pays all reasonable expenses incurred by Lender and <br />Trustee in errt'oreing the covenants and agreemenls of Borrower contained in this Deed of Trust and in enfoning <br />Lender s and 7�ustce's �emedies as provided in paiagraph 17 he�eof, including, but not limited to, �casonable <br />attomeys' fees; and (d) Bo►rower takes such action as Lender may �easonably require to assure d�at the lien of <br />tltis Deed of Tnist, Lender s inte�est in the Propeity and Bo�rower's obligadon to pay the sums secured by this <br />Deed of Trust shall continue unimpaired. Upon such payment and curc by Bo�rower, this Deed of T�ust and t3�c <br />obligations secu�d he►�eby shall remain in full force and effect as if no acceleration had occuned. <br />19. Assignm�tt of R�tts; Appointment of Receiver; Lender in Poss�ion. As additional security <br />hereunder, Borrower heneby assigns to Lender the rents of the Property, provided that Bmmwer shall, prior <br />to acceleration under paragraph 17 hereof or abandonment of the Prope�ty, have the right to collect and retain <br />such rents as they become due and payable. <br />Upon acceleration under paragraph 17 hereof or abandonment of the Prope�ty, Lender, in person, by <br />agent or by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the <br />Properiy and to collect fhe rents of the Properiy, including those past due. All rents collected by Lender or the <br />�eceiver shall be applied first to payment of the cost� of management oT the Properly and collections of �enfs, <br />including, but not limited to, receiver s fees, premiums on �eceiver's bonds and reasonable atinmeys� fees, <br />and then to the sums secured by this Deed of Trus� Lenderand the receiver shall be liable to account only for <br />those rents actually received. <br />20. Becomeyanc� Upon payment of all sums secured b,y this Deed of Trust, Lendershall requestTn�stee <br />to recomey the Property and shall sumender this Deed of Trust and all notes evidencing indebtedness secured <br />by this Deed of Tn�st to T�vstee. Ttustee shall reconvey the Properiy withoutwamanty andwithout cha�;e to the <br />pe�son orpetsonc legally entided the�to. Such person orpeisons shall pay all costs of recondalion, if any. <br />21. Substitute Trustee I,ender, at I,ender s opfion, may fmm time to time nemove T�vstee and appoint <br />a successor hvstee to any Trustee appointed hereunder 6,y an inshvment necorded in the counly in which this <br />Deed of Tn�st is recoided. Without conveyance of the Property, the successor t►UStce shall succeed to all the <br />tiUe, power and duties confemed upon the Trustee herein and by applicable law. <br />22. R.eqaect for Notices. Bomower reyuests that copies of the notice of default and notice of sale be <br />sent to Bomnwer's address which is the Prvpe�ty Address. <br />NEBRASKA SECOND MORTGAGE DEED OF TRUST <br />NEBRASKA GreatDas' <br />REM 4641 Lb (072711 � (Page 6 0! 9) <br />1000772442 <br />
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