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99110670
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Last modified
3/13/2012 7:57:29 PM
Creation date
10/21/2005 1:17:24 AM
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DEEDS
Inst Number
99110670
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99 11067p <br /> one or more parcels and in any order Trustee determines. Trustee <br /> may postpone sale of all or any parcel of the property by public <br /> announcement at the time and place of any previously scheduled <br /> sale. Lenders or their designee may purchase the property at any <br /> sale. <br /> Upon receipt of payment of the price bid, Trustee shall <br /> deliver to the purchaser Trustee' s Deed conveying the property. <br /> The recitals in the Trustee' s Deed shall be prima facie evidence <br /> of the truth of the statements made therein. The Trustee shall <br /> apply the proceeds of sale in the following order: <br /> (a) to all expenses of the sale including, but not <br /> limited to, Trustee` s fees as permitted by Nebraska law and <br /> reasonable attorney fees; <br /> (b) to all sums secured by this security agreement; and <br /> (c) any excess to the person or persons legally <br /> entitled to it . <br /> 17 . Upon acceleration under paragrapn 16 or abandonment of <br /> the property, Lenders (in person, by agent or by judicially <br /> appointed receiver) shall be entitled to enter upon, take <br /> possession of and manage the property and to collect the rents of <br /> the property, including those past due, any rents collected by <br /> Lenders or the receiver sha11 be applied first to payment of the <br /> costs of management of the property and collection of rents <br /> incl�ading, but not limited to, receiver' s fees, premiums on <br /> receiver' s bonds and reasonable attorney fees, and then to the <br /> sums secured by this security agreement . <br /> 18 . Upon payment of all sums as herein provided, Lenders <br /> shall direct Trustee to reconvey the property and shall surrender <br /> this security instrument and the note secured. Trustee shall <br /> reconvey the property without warranty and without charge to the <br /> persons legally entitled to it . <br /> 19. Lenders, at their option, may from time to time remove <br /> Trustee and appoint a successor Trustee by an instrument recorded <br /> in the county in which this security instrument is recorded. <br /> Without conveyance of the property, the successor Trustee shall <br /> succeed to all the title, power and duties conferred upon Trustee <br /> herein and by Nebraska law. <br /> 20. As additional and collateral security for the loan, and <br /> effective forthwith upon filing of a notice of default, this <br /> instrument shall serve as an assignment by the Lenders to the <br /> 5 <br /> , <br /> _._ _ l <br />
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