90105966 - Laserfiche WebLink

Browse

t I, ; i t .* i j I i I 'L 90----105966 NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Accelerstloa; Reswdks, Lender shall give notice to Borrower prior to acceleration following HerrOwees bracts of say covenant or sgreanent in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless applicable law provides otherwise). The nodes shall specify: (a) the default; (b) the action required to cure the defoultt (c) a date, not less than 30 days from the date the notice la given 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 secured by this Security Instrument and sale of the Property. The notice shall further Inform Borrower of the right to rehattate after acceleration aid the right to bring ■ court action to assert the non - existence of a default or nay other defuse of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in flip of all stuffs 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 expenses Incurred in pursuing the remedies prodded in this paragraph 19, including; but not limited to, reasonable attorneys' fees and costs of title evidence. If tMt: power of sale is invoked, Trustee shall record a notice of default In each coaaty in which any part of the Property is located and shall mail copies of such notice In the summer prescribed by applicable law to Borrower and to the other persons prescribed by applkable 4w. After the time repaired by applicable law. Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms deaippnated 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 asps. Lender or its designee cosy purchase the Property at nay sale. Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the arutle of the statements made therein. Trustee shall apply the proceeds of the sale In the following order. (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Secowity, Instrument; and (c) any excess to the person or person legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to .collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied Bast to payment of the costs of management of the Property and collecaion of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Reeonveyanee. Upon payment of all sums secured by this Security Instrument, lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. 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 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 conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riden to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a pan of this Security Instrument. [Check applicable box(es)] _ n Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify] BY SIGNING BELOw, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorders with it. .. (Seat) Donald J Langer ......................................................... ............................... `t.... °..` �-: �i l`. `� �...:...rc tee.,....................... (Seal) Rhonda J. ZCanger "a0"OMV U-1 I &FATE OF NEBRASKA. loo— On this 15th day of October .19 90 , heforc mgr, chic undersigned, a Notary 1311hlic duly commissioned and qualified for said county, personally came Donald J. Langer and Rhonda J. Langer, each in his and her own right, and as spouse of each other , to me known to he the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed. Witness my hand and notarial seal at Grand Island, Nebraska in %aid cr►unty, the date aforesaid. My ;,,7`. .y „c •' : � .................... Ma.9� :� REQUEST VOR RLCONVEYANCl- To TRUSrt U.: The undersigned ii, file holder of the note or nows ~retired by this Mcd of Iru%t, %aid note tit note%, togoho with all other indehtedne•..ecured by chi. Deed of Uttim, have hen paid in I1111. You at.• 11Crc11\ thrcctcd to.anrcl .:ud note or note• and chi% peed iN Tru.t. ullich arc (10%cred heteh%. and to %%ithout Al tale c.tatc now held by you under chi. Deed of I tu.t to the rer.on or per.on% Icgalh cntulcd thcrrto Date: ............ ................... . r' 7 I 3a i�