201205926 - Laserfiche WebLink

Browse

�012059�� NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 21. Acceleration; Remedies. Lender shall give notice to Borrower prlor to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleraHon under Section 17 unless Applicable Law provides otherwise). The noNce shall specify: (a) the default; (b) the acHon required to cnre the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specifled in the nodce may result in acceleraHon of the sums secured by this Securlty Instrument and sale of the Property. The noHce shall further inform Borrower of the right to reinstate after acceleraHon and the rlght to bring a court actlon to assert the non-existence of a default or any other defense of Borrower to acceleraflon and sale. If the default is not cured on or before the date specified in the no8ce, Lender at its option may require imwediate payment in fiill of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be enNded to collect all expenses incurred in pursuing the remedies provided in this Sect3on 21, including, but not limited to, reasonable attorneys' fees and costs of tide evldence. If the power of sale is invoked, Trustee shall record a noflce of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescrihed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the dme required by Applicable Law, Trustee shall give public noNce of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public aucNon to the l�ighest bidder at the ttme and place and under the terms designated in the noNce of sale in one or more parcels and in 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 any 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 Progerty. The recitals in the Trustee's deed shall be prlma facie evidence of the truth of the statements made therein. Trustee shall appiy the proceeds of the sale in the followIng order: (a) to all wsts and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all swns secured by this Security Instrument; and (c) any excess to the person or persons legally enNded to it. 22. 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 wananty to the person or persons legally entifled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 23. SubsHtute Trustee. Lender, at its option, may from time to time remove Trustee and appolr►t 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 tide, power and duties conferred upon Trustee herein and by Applicable Law. 24. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA-Single Family-UNIFORM INSTRUMENT p�eq/�� MODIFIm FOR D�ARTMENT OF VETERANS AFFAIRS - MERS www.docmagic.com (Rev. 1/01) Page 12 of 14