201208561 - Laserfiche WebLink

Browse

�0�20�56� 23. Indemnity Liability. If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. The assumer further agrees to indemnify the Deparirnent of Veterans Affairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. NON-LJNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 24. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agr�ment in this Security Instrument (but not prior to acceleration under Section 17 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days frnm the date the notice is givea to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secared by this Security Instrument and sale of the Property. T7►e notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-esistence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured +�a or before the date specified in the notice, Lender at its option may require immediate payment in full 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 entitled to collect all egpenses incurred in pursuing the remedies provided in this Section 24, including, but not Gmited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in whic6 any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After t6e time required by Applicable Law, Trustee shall give public notice of sale to the persons and in t6e manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest 6idder at t6e time and place and under the terms designated in the notice 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 t6e Property. The recitals in the Trustee's deed shall be prima facie evidence of the trut6 of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of eaercising 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 sums secured by this Security Instrument; and (c) any ezcess to the person or persons legally entitled to i� 25. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall reyuest Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secwed by this Security Instrument to Trustee. Trustee �hall reconvey the Property without warranty to the person or persons legally entitled to i� Such perso�,pr 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. 26. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an insUvment recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 27. 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 NEBRASKA-MERS ITEM 2697L72 091911) WYLIE,F00 0452197 GreatDocs° 0��452197 4$ '