90107065 - Laserfiche WebLink

Browse

.:r.. NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as followb. 17. Foreclosure Procedure. 11 Leader requires Immediate payment in full under paragraph 9, Leader may Invoke the power of sale and may ollter remrdles permitted by applicable law. !.ender shall he entitled to collect all expenses incurred in purwdng the remedies under lkb paragraph 17, Including. but not limited to, removable allorneYs' fees and costs of title evideam. If the power of sak Is Invoked, Trwslee shall record a notice of default In each county In whkh may Put of the Properly Is located and shall mail copies of each notice In the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time n:quired by applicable law. Trustee shall give public notice of sale 10 the persons mad in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Properly at paPar auction to the highest bidder as the time and place and under the terns designated in the notice of sale in one or more pmrcels and in any order Trustee determines. Trustee may postpone rude of all or any Parcel of Use Properly by public sanaancemeat MI The time and place of any previously scheduled sale. lender or its designee may Purchase the Properly at may sale. Upon receipt of payment of the price bid, Trustee shall deliver to Ike purchaser Trustee's deed conveying the Property. The recltals in the Trustee's deed shall be prima facie evidence of the truth of the statements made !herein. Trustee shall apply lbe 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 allorneys' ftetes; (b) to all sums secured by Ibis Security ladmmen4; mold (c) nay excess to the person or persons legally entitled to it. 18. Recoaveyance. Upon payment of all sums secured by this security instrument, Lender shall request Trustee to recom ey the Property and shall surrender this Security Instrument and an notes evidencing debt secured by this Security instrument to Trustee. Trustee shall re:convey 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. 19. Substitute Trtastee. Lender, at its option, may from time to time remove Ti caste and appoint a suozcs :or 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. 20. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Bor.Tower's address J which is the Property Address. "Borrower further requests that copies of the notices of default and sale be woad to the person set forth herein." Acceleration Clause. Borrower agrees that should this Security Instrument and the note secured thereby not be eligible for insurance under the National Housing Act within sixty days from the date hereof, Lender may, at its option and notwithstanding anything in Paragraph 9. require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Se:reiury dated subscq=rt to sixty days from the date hereof, declining to insure this Security Instrument and the note secured thereby, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Leader when the unavailabRiav -of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the secretary. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded togeaher with this Security Instrument, the covenants 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 in a part of this Security Instrument. (Check applicable box(es)J Condominium Rider 0 Adjustable Rate Rider 0 Growing Equity Rider (� Planned Unit Development Rider 0 Graduated Payment Rider 6jo Other Exhibit E Mortgage Addendum BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instcument and in any rider(s) executed by Borrower and recorded with it. Witnesses: L (Sca14 All D. Grell Borr�+wrr Q, _(Seal) MarcilL. Grel -Borrower (Seal) I-., Horrower Borrower !love 1 0/ J ACKNNO 'LEDGMENT I /We. Allan D. Grell and Marci L. Grell , ( "Trustor "), under that certain Ikea of Trust dated December 7, 1990 . ( "Decd of Trust") to 1w %ntered into among Tru;nnr. Commercial Federal Bank, A Federal Savings Bank , ( "Trustee ") and The Overland National Bank of Grand Island rBenef i:iar} "t covering the fallowing described property: LEGAL DESCRIPTION: Lot Four (4). Block Thirteen (13), of iLLTrert's Addition to the City of Grand Island, Hall County, Nebraska. hereby acknowledge that it is understood that (a) the Deed of Trust to h' executed b� Trustc*r t, a trust deed and not a e �usior .. :�_� c__ :_.6.. ,1....J ..,• T.u., r n.i.l.•i .uhcrantialiv different richr.� anti oblipact�rax to the Trustor andt01thepuwrrui�A jriCnwcuw,.u..,........•... ...,.r .._- __- - -.... than a mortgage in the cent of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment %%a% made prior to the c: union o1 the Deed se frost. Exec led and del' Bred this 7th day of December . 19 90qG_ Trustor Allah D. Ciell Iru.tor �rci L. 1 state of NebmLa. Hall Count) ss: The foregoing instrument was acknowledged before me this 7th da> ol• December • 19 9O hY Allan D. Grell and Marci L. Grell, husband and wife in said Ccounts•, the date aforesaid. Witness my hand and notarial seal at nd Nebras /pAf4lllt dumb e� 1 My commission eXrirc%:J4J . ti, i tr0liD.ttENKE M/Osalta Epp 1119 1991 r - tear f t: