201206685 - Laserfiche WebLink

Browse

20120668� iiiiossia2 to Borrower and to tha other persons prescn'bed by applicable law. After tha tima required by applicable law, Trustee shall give public notice of sala to tha persons and in the manner prascribed by applicable law. Trustea, without demand on Borrowar, shall sall the Pr�party at public auction to the highast bidder st tha time and place and under the tarms dasignated in tha notice of sale in one or mora parcels and in any order Trustea determines. Trustea may postpona sale af all or any parcel of this Property by publ'ic announcament at tha tima an place of any previously scheduled sale. Lander or its designee may purchase the Prpperty at any'sale. Upon receipt of payment of the price bid, Trustee shall delivar to tha purchaser Trustea's deed conveying the Proparty. The recitals in the Trustae's deed shall ba prima facie avidanca of tha truth of tha statements made therein, Trustea shall apply the proceeda of the sale in tha following arder: (a) to all coata and expsnsss of exercising tHe powar of sale, and the sala, including the payment of the Trustae's feas actually incurred, not to exceed .5 % of the principal amount of the note at tha time of the declaration of default, and reasonable attorney's' fees as permitted by law; (b) to sll sums secured by,this Security Instrument; and (c) any excess to tho persons legally entitled to it. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary required immadiate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in tha Single Family Mortga�e Forecloswe Act of 1994 ("Act") (12 U.S.C. 3751 el seq.) by requesting a foreclosure commissioner designatad undar tha Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprivo tha Secretary of any rights otharwisa available to a Lendar under this Paragraph 18 or applicable law. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender aha11 request Trustee to reconvay the Property and shall sturender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee sha11 recoavey the Property without warranty and without charga to the person or persons lagally entitled to it. Such person or persons shall pay any recordation costs. 20, Substitute Truatee. Lender, at its option, may from time to time remove Trustee and appoint a succasaor trustee to any Truatea appointed hareunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyanca of the Property, the successor trustee shall succeed to all tha title, power and dutiea conferred upon Trustea harain and by applicable law. 21. Request for Natices. Borrower requests that copies of the noticea of dafault and sala ba settt to Borrower's addrass which ia the Proparty Addrass. 22. Riders to thls Security Inatrument. Tf one or more ridars are axacuted by Borrowar and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement tha covenants and agreamanta of this Security Inatrument as if tha ridar(s) were a part of this Security Instrument. Tha Following Ridar{s) are to be axacuted by Borrower and ara attached hareto and m�da a part thareof [check box as applicable]: O Condominium Rider ❑ Growing Equity Rider ❑ Adjustable Ratc Ridar � Planned Unit Development Rider ❑ Graduated Payment Ridar �Other(s) [specify] NIFA FORM E-1 FEIA Nebraske Deed of 7Yust - 06/12 � 391,14 Page 7 of 8