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201403696
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Last modified
7/20/2017 11:36:50 AM
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6/20/2014 9:52:08 AM
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201403696
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��14�3�9� <br /> �oAN#:3DD114D59Q92 <br /> "Enviranmental Lav�means federa!�aws an�laws uf the jurisdiction where the Property is ivcated that <br /> relate to heaith,sa�ety or enviranmental p�otection. <br /> NQN-UNiFQRM�C]VENANT�.Sorrower and Lender furthe�co�enant and agree�s fol��ws: <br /> �f 7.Ass�gnment of Rents.Borrawer uncvnditionally assigns and transfers to Lender a!�the rents <br /> and rerrenu�s of the Property.Barrower authorizes Lender nr Lende�`s agents to collect the rents and <br /> revenues and hereby directs each t�nant vf the�rvperty to pay the rents to L�nder ar Lender's agents. <br /> H�we�er,privr ta Lender's not�ce to Borrawer of Barrower's brea�h vf any covenan�or agreement in th� <br /> Security InstrumQnt,Barrvwer shall co�lect and�eceive a!�rents and revenues of the Property as tru$t�e <br /> for#he benefit of Lender and Barrower.This ass�gnmen�of rents cvnstitutes an absolute assignment <br /> and not an assignment for additianal security only. <br /> If Lendergives notice af breach tv Borrower:ta}a�l rents received by Borrower shal�be held by Barrowrer <br /> as trustee for benefit of Lende��nly,to b�applied ta the sums se�ur�d by the Security Instrument;�b} <br /> Lender shal�be entitled tv cvllect and re�ei�e all af�he rents of the�raperty;and(c}each�enant of the <br /> Property shall pay al!rents due and unpaid to Lender ar Lend�r's agent on Lender's written demand to <br /> the tenant. <br /> Borrower has not executed any prior assignment vf the rents and has not and wili not perform any <br /> aGt tha#would pr�►►ent Len�er frvm exerc�sing i#s righ#s under this paragraph'17. <br /> Lender shall not be required ta�nter upan,take control af or mainia�n the Praperty before vr after <br /> �'r�ing notice of breach�o Bur�ower. However,Lender or a jud�cially appointed rer�iver may do so at <br /> any t�me there is a breach.Any applEcativn fl�rents shal!not cure or waive any defau�t vr invalidate any <br /> other right or remedy af Lender.This assignment af�-ents of the Property shal[t�rminate when the debt <br /> secured by the Security Ins�rument is paid in ful�. <br /> '!$. Fv�sciosufe Prvicedure.ff Lender requires immediate payment in full under paragraph 9, <br /> Lender may in►roke the pawer of sale and any other remedies perm�t�ed by applicable law.Lender <br /> shalt be entitied to collect al�expenses incurred in pursuing the remedies under this paragraph <br /> �8,including,but na�[imitec�to,reasonable attorneys'fees and costs of title e�idenc�. <br /> If the power t�f sale is�ndoked,Trus�ee shall rec�rd a nv��ce af defauit in each caunty in <br /> which any part of fhe Prnperty is located and sha11 mai�copies of such nvtice in the manner <br /> prescribed!�y app�icable�aw to gorrower and ta the other persons prescribed hy applicabfe law. <br /> Aiter the time required by app[icabie law,Trustee shall gi�e public notice vf sale ta�h�persons <br /> and in the manner pres�ribsd by applicahle law.Trustes,without demand on Barrow�r,shall sell <br /> the Prvperty at public auctian ta the hi�hest bidder at the t�rne and place and under the lerms <br /> designated in the nv�ice of sale�n one or more par�els and in any order Trustee determines. <br /> Tru�tee may�ostps�ne sale o�a!�or any parcel of the Property by pubiic annvuncement at the <br /> #ime and place of any pre�ious�y scheduled sale. Lender vr�ts designee may pu�chase the - <br /> P�operty at any sale. <br /> If the Lender's interest in#hEs Se�urity Instrumen#is held by th�Secretary and the Secretary <br /> r�quires immediate payment in full under Paragraph 9,#he Secretary may invoke#he nanjudicial <br /> power a�'sa��pro�ided in the 5ingl�Fami�y IlAartgage Foreclosure Act of 9994("Act"y�'I�U.S.C. <br /> 3T5�et seq.�by requesting a foreclosure Gommissioner designa�ed under#he Act#o cornmence <br /> fvrec�asure and tQ s�l�the Proper#y as prvvided in the Act.IVothing in the prececiing sentence <br /> shalf depr��e the Secretary of any rights athsn�vise arrailable ta a Lend�r under this Par�graph <br /> '18 or applicable law. <br /> Up�rn receipt c�f payment flf the price bid,Trustee shall deliWer to the purchas�r Trustee's deed <br /> con�eying the Prvperty.The recitals in the Trustee's deed shall��prima facie e�idence of the <br /> #ruth of the statemen#s made therein.Trustee shali apply the proceeds af the sale in the follnwing <br /> order:�a�to all cos#s and expenses of exercising the power of saie,and the sa�e�including the <br /> payment of th�Trustee's fees actually�ncurred,not to exceed 3.DD% af the principal <br /> amvun#of the no#e at the time of the declaration�f default,and rea�onable a�torneys'fees as <br /> permitted by law;�b�to afl sums secured by this Security�nstrument;and��}any excess#o the <br /> �ersan or persons legally en#itled�to it. <br /> �9. Reconveyance. Upon payment of alf surr�s secured by this Security lnst�ument,Lender shail <br /> req�est Trustee to reconvey the Property and shall surrender this Security lnstrumen#and all notes <br /> eWidencing debt secured by this 5ecurity lnstrument ta Trustee. Trustee shall reconvey�he Property <br /> wi#haut warranty and w�thaut charge ta the persvn vr persans�egally entitled to it.Such pe�san ar persons <br /> shall pay any recorda#�an costs. <br /> 2�. 5ubstitute Trustee.Lender,at its vption,may�rom time#o time rema�e Trustee and a�point a <br /> su�cessor trustee to any Trustee appv�nted hereunder�y an instrument re�orded in the r,ounty in which <br /> this Securi#y lnstrument is recorded.V`lithou#conveyance of the Prvp�rtjl,#he successor trus�ee shall <br /> suc�eed tv all the title,pQwer and duties cvnfer�ed upan Trustee herein and by applicable law. <br /> 21. Request for Notices.Borrnwer requests t�at copies af the nflti�es of default and sale be sent <br /> t4 Bvrrvwer's address which is the Property Address. <br /> 22. Riders to th[s 5ecurity Instrument. If one or mare riders are ex�cuted by Borrower and <br /> recv�ded together v�rith this Securi#y Instrument,the�ovenants af each such rider shall be in�r�r �d <br /> � <br /> � �. <br /> ' FHA Nebraska Deed of Trust-4J9fi II'llt1715: <br /> Ellie Mae,lnc. Page 6 of 7 NEEFHAdE 1�12 <br /> NEEFHADE <br /> Qfi113l2014 D2:03 PM P5T <br /> .y <br /> 1 <br />
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