89101655 - Laserfiche WebLink

Browse

='T i s i� 101655 . NON - UNIFORM COVENANTS. Borrower and Lender furthercovenant and agree as follows: 19. Acoderstlw; Remedies. Leader shall give notice to Burrower prior to acceleration following Borrower's hswei of any covenant or agreesaeat is this Security Instrument (bat not prior to acceleration udder paragraphs 13 and 17 �—• noises spfilicahk law provides otherwise). The notice shall specify: (a) the defku11; (b) the action required to can the defsailt; (t) a date, not leas than 30 days fens the date the notice is given to Borrower, by which the default and be cared; send (d) that fallen to care the default on or before the date tt ped ied is the notice may result in acceleration of the ns" necttre I by this Secariity Ittsumetat and sale of the Property. The notice shall further infora Borrower of the r%U to rdastate ailed aooderation and the right to bring a court action to assert the sou- existence of a default or any other dietesse of Borrower to acceleration and salr. If the default is not cured on or before the date specified in the notic% Leader at its optim Bury regsire iautedlate payment in fall of ail same secured by this Security Instrummi: without fbrther doo ni and may in"ke the ewer of sale and any o&a remedies permitted by applicable law. Leader shall be entitled to collect sU expanses iaLurred In psnabc the renalks provided in this paragraph 19, tsdWisg, but not Merited to, raaspriabk attorneys' fees and costs of title evidence. U the power of ask is iiavohed, Trustee sha>Y record a notice of default is each county in which any put of the Prrperty is located and doll mil copies of such notice to the nmsaeer prescribed by applicable law to Borrower and to the other' persons proscribed by applicable law. After the time required by applicable law, Trustee shall give public notice of enle to the persons and is the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the t iwrty at pablk auction to the highest bidder at the time and pdaxe and under the terms designated in the notice ofsale in otogeprrttavre paw and is nay order Trmtee determines. Trustee MY postpone sale ofall or say parcel of tht Property by 1> t at the Mae cad place of any rmdostly sc$edaled ale. Leader or its designee• may purchase the UPoa receipt of paYrneat of the price bid, Trustee dhalt deliver to the purchaser Trustee's deed conveying the Prop". The recitals In the Trustee's deed shall be prima facie evidence of the truth of the statemem made therein. Trt #ft shall apply the proceeds of the sale in the following order. (a) to all expenses of the side, including; but not limited to, Trustee's fees au pernitted by applicable law and reasonable: attorneys' fees; (b) to all som semmd by this Security Instraareat; and (c) anyezeen to the person or persons legally entitled to iL 2D. Leader is Possession. Upon acceleration under paragraph 19 or abandonment of the Prey. (in .. pussy, Lender person, by agent or by judicially appointed receiverp) �hi11 be entitled to enter upon, take possession of and manage the Property and to collect the retata of the Property including those past due. Any rents collected by Lender err the receiver shall be applied. that to payment of the costs of marszgament of the Property and collection of rents, including, but not limited to, rece«t<Ws fees, premiums on receiver's bo,6ds ant. r; unable attorneys' fees, and th.n td the sums secured by thisSecurity Instrument. 21. Reconveyance. Upon payment of all sutras need by this Security Instrument, Lender shil''irequest Trustee to recorsvey the Property and shall surrender this Sect -ii!ly 1irstrument and all notes evidencingdebt serurefi by this Security Instrument to Trustee. Trustee shall recor , : the F - perty without warranty and without chit -e to the person or persons legally entitled to it. Such person or perstxrr, Oiall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee arh appoint 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 title, power and duties conferral upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies oftYte notices of default and sz)t A; s;nt to Borrow-as address which is the Property Address. 24. Riders to this Security Instrument. If one clir pore riders are executed by Borrower and rcc *c- d�.,together with thin5recurity Instrument, the covenants and agreemenn: of each such rider shall be incorporal.!d- ilao aa.?;iiall amend and 9;;pplement the covenants and agreements of this Si:durity Instrument as if the rider(s) itLrj a part of this Security Instrument. [Check applicable box(es)] ❑ Adjustable Rate Rider Criai5xninium Rider ❑ 24 Fa*rily Rider., (}&Graduated Pa ..,:t Rider i7' Pr�~ned Unit Development Rider ❑ Others) '[specify] BY SIGNING BELOW Borrower accepts a vim' agrees to the terms and covenait.ts contained in this Security intstmment and in any rider(s) executed t1- GYrrowerand recorded with ......................... .............. ............................... ................ KRRIS X. IY)RTENSE-N -aor -wer .........(;;,sal) CHER D. MORTENSEN -- Borrower ISpace aeiow TMrt Wne For AcknorkdamerNl STATE OF NEBRASKA, ct,unty ss: l� /cell On this. the ' `7 /r — 4 r $l day tit 01-401 /ycpq , before true. the -tibscnber. the undersigned officer. personally appeated KRIS K. MORTENSEN AND CHERYL D. MORTENSEN husband and Vile knon.n to we for �atttfacrari•; prmeni to be the persontsl whose name ARE subtcrrhed t„ the will In nt,i:utnertt and icknowledled I!iat I11L'Y e%OkAed the s3nte t',)r the purposes herein contained. 11%%Ul %I SS will Ill 01% 1 hete:,ntn ,;t any trend trnd sh._r.tl -.e31 t1� tnaim:.,n�:r e*.p &EIUM W- Stall d Mi x J111tADYHE (JrRPEWEr. — MI (76 Fray b!t ! 1991 I i i'I •trac w h �. s