201508711 - Laserfiche WebLink

Browse

2� 15�8711 � 15. Rehahilitation Loan A�reeme�nt. �orr�wer shall �u1fll a�i of BQr�awer's �b�iga�ions under any hame rehabili�ation, �provement, r�pa�', ar o�her �oan a�reement wh��h Borrawer en�ers into wi�h Lender. Lender, �t Le�der's �p��o�., r�aay �requ�re �arrov�er �Q execu�e and deliu�� to Lender, in a form acceptable ta I�ender, an assignmen��f ar�y xigh�s,c�ai�rn.�or defenses whi�h�arr�wer may have again�t par�ies who�upp�y�abor,mater�a.ls or ser�ices in conne�tion wi�h�mpro�emen�s made��h.e Prop�rt�. 16. Transfer of�he PropQrty or a Beneficial Interest in I3�rxvwer. �f al� �r any part of the Prop�r�y �r any in�eres��n i�zs sald or�ransferred��r zf�.benef cial i��res��Borrawer is sa�d�r�ransferred and B�rr�w�r is n�t a natural person}�vi�hou�L��.der's prior wr��t�n consex��,�..ender may, at i�s�pti�n,require irnmediate paymen�in ful� of a.�i sums secured by �.i� Deed �f T�u��. �ow�ever, �iis �ption sha�X not be e�ercised �y Lend�r �f exercise is prohibited by fe�.era1�aw as of�he da�te of this I�eed of Trus�. �f Lend�r e��rcises th�s op��on, L�r�der shal� gi�e Borro�vv�r notice of acce�era��on. The n�t�ce shall �ro�r�de �. period of n�t��ss�han �D t�ays from�h.e da�e�he nntxce is �eli�er�d ar mai��d with.u�.whxch��r�-�wer must pay al� sum�s�cured�y�i�D�ed of Trus�. If B�rrawer fai�s to pay�h�se sums prior�v the e�p�ra�ion af�his period,Lende�r may in��ke any remed��s permi�t�d�y�ais I�eed of'�xu.�t w��hou�fi,�r�her no�ice or d�rnan�on�orrovsrer. NC�N-UNI.F�]RM C�VENANTS.��rrower and Lender further co�rena.nt and agree a��o�l�ws: 1'�. A�cex�ra�xon; R�m�dies. E�cep� �s prfl�rided in paragraph 16 hereof, upon Borrar�ver's brea�h of any co��nant or agreement of��rrower�n th�s De�d of Trust,�nciud�ng Burr�w�r's fa��ure to pay,Uy the end�f 1� ca�endar days after they are due� any sums secixred hy �h�s Deed of Trust, Lender pri�r to accelerat�on 5haI1 g�ve natxce to Bvrrower as prQvided in paragraph 1� hereof spec�fyu�g: �1��he �reach�; ��]�the act�on requirQd to cure such brea�h; �3)a dat�,not Iess than��days�r�m the date the notice is marl�d�o Borrower,by which such br�aCh rnu�t be�ured;and�4}that f�i�ure to cure such breach an ar before th�dat��pecz�ied�n the no��e may resul�in acceleration of the sums se�ured b��h�s D�ed�f Trust and sa�e af�he Prvp�rty.The nat�ce�hall furt�er xnfarm �orraw�r of the right to re�nsta�e after accel�ration and the rxgh� �o bring a court action to assert the nan�xisfenC�of a default or an��ther defense of�arrower to acc�ieratian and sal�.If th�breach i� not�ured �n a�r before the�ate speci�ed in the notxce,Lender,at L�nder's option,may decZar�al�nf t�e sums secured by this D�ed of TruS�t�be�mmed�a�ely c�ue and payab�e w��hout further demand and may in�o�e the power of sa�e and any other rem��es perm�tted by app�ic�b�e �avv. Lend�r shall be ent�tled to ��1�eGt a�� reasonable co�ts a�d expenses in�urred�n pursuing�he r�me�ies pro�ided in this paragragh 17,�nc�udin�,but not Iim�ted�o,r�asanab�e a�torney5'fees. If th� p�v�er of sa�e is in�oked, Tr��t�� shail record a not�ce af defauit xn each county �n wh�ch �he Pr�per�y or son�e par� thereaf is l�cated �nd shail ma�l �op�e� of su�h n�tice �n the manner prescribed by a�plicab�e law��arrower and�a th�other pQrsans pr�s�ri�ed b�appl�ca�a�e law.Af�er the Iapse of such#�m� as ma�be required by applYcab�e law,TrusteQ shaxl�i��pub�ic no�ice af sa�le t�the�e�rsons and in the manb�r pr�scribed by apglicable�aw.Trustee,w�thau�denr�anc�vn Sorroyver,�ha�l se��he Property at public a�u�t�an ta the highes� b�dd�r at the �ime and p�ace and under�he tern�s des�gnated in the n�tice of saie in one or rnore parcels and �n 5uch order as Trustee may determine. Trust�e may pos�pone sa�e of a�l or any par�e� uf�he Proper�y by publi�a�nouncement at the��me and p�ace vf any pre��ously sGhedu�ed sa�e.Lender or Lender's designee m�y purchase�he Pra�perty at�ny sale. Upan r�ceip�flf pa�ment�f the pr�ce bid,Trustee�ha�l de�ive�r to the purchaser Trus�ee�s deed �onveying the Propert�so�d.The rec�tals in t�e Trustee'S d�ed 5h�1�be prima facie e��d�nce of the tru�h of the statements made th�rein.Trustee sha11 agply the p�r�ceeds af�h�s�Ie in the followin�arder: �a�ta all�reasona�I��os�s and expen5es of the sale,inclu�.�n�,bu�nQt ixmited to,Trustee'�fees a��uaZ�y incurred reasonable atfarneys'fe�s as permitted by A�plicab��Law; (b} tfl all sums secured by this Deed of Trust; and �c� th� excess, if any, to the persfln or persa�n�xegal�y entitled�her��. N�BRASKA-S�con�MartgagE-�I80 VNiP-��NE}�D5�9} Amend�d 7104 Page 5 Q�'� � Bvrrower(s}Inifials