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202006618
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9/4/2020 2:34:07 PM
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9/4/2020 2:34:07 PM
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DEEDS
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202006618
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20006618 <br />the truth of the statements made therein. Trustee shall apply the proceeds of sale in the following <br />order: (a) to all expenses of the sale, including, but not limited to Trustee's fee as permitted by <br />Nebraska law, and reasonable attorney fees; (b) to all sums secured by this security agreement; <br />and (c) any excess to the person or persons legally entitled to it. <br />13. Upon acceleration under Paragraph 11 or abandonment of the property, LENDER (in <br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take <br />possession of and manage the property and to collect the rents of the property, including those <br />past due. Any rents collected by LENDER or the receiver shall be applied first to payment of the <br />costs of management of the property and collection of rents, including, but not limited to <br />receiver's fees, to the extent allowed by law, and then to the sums secured by this security <br />instrument. <br />14. Upon payment of all sums as herein provided, LENDER shall direct Trustee to <br />reconvey the property and shall surrender this security instrument and the note secured. Trustee <br />shall reconvey the property without warrant and without charge to the persons legally entitled to <br />it. <br />15. LENDER, at its option, may from time to time remove Trustee and appoint a <br />successor Trustee by an instrument recorded in the county in which this security instrument is <br />recorded. Without conveyance of the property, the successor Trustee shall succeed to all the <br />title, power and duties conferred upon Trustee herein and by Nebraska law. <br />16. BORROWER requests that copies of all notices of default and any notice of sale <br />provided herein be sent to BORROWER'S address as set forth above. <br />IN WITNESS WHEREOF, BORROWER has signed this Deed of Trust on the date set <br />forth above. <br />Grand Island Apartments, L.L.C., a <br />Nebraska limited liability company <br />Jer •y Everson, Mem i er <br />n Everson, Member <br />
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