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200402365
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200402365
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Last modified
10/16/2011 1:23:23 PM
Creation date
10/20/2005 11:56:00 PM
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DEEDS
Inst Number
200402365
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200402365 <br />19. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, <br />Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under <br />paragraph 17 hereof or abandonment of the Property, have the right to collect and retain such rents as they become <br />due and payable. <br />Upon acceleration under paragraph 17 hereof or abandonment of the Property, Lender, in person, by agent or <br />by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property and to <br />collect the rents of the Property including those past due. All rents collected by Lender or the receiver shall be <br />applied first to payment of the costs of management of the Property and collection of rents, including, but not limited <br />to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this <br />Deed of Trust. Lender and the receiver shall be liable to account only for those rents actually received. <br />20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this <br />Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or <br />persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. <br />21. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Deed of <br />Trust is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and <br />duties conferred upon the Trustee herein and by applicable law. <br />22. Request for Notices. Borrower requests that copies of the notice of default and notice of sale be sent to <br />Borrower's address which is the Property Address. <br />23. The following Riders are to be executed by Borrower [check box as applicable]: <br />❑ Adjustable Rate Rider <br />❑ <br />Condominium Rider <br />❑ Second Home Rider <br />❑ Balloon Rider <br />❑ <br />Planned Unit Development Rider <br />X❑ Other(s) [specify] <br />❑ 1 -4 Family Rider <br />❑ <br />Biweekly Payment Rider <br />PREPAYMENT RIDER TO <br />SECURITY INT <br />NEBRASKA - SECOND MORTGAGE - 1/80 <br />3828 - AS AMENDED FOR MERS Page 6 of 8 <br />Ne38286.=d <br />DocMagic eY-C- W 800-64.9-1362 <br />www.docmagic.com <br />
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