Laserfiche WebLink
20041220. <br />14. If the power of sale is invoked, Trustee shall record a notice of default in each county <br />in which any part of the Property is located and shall mail copies of such notice in the manner <br />prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone <br />sale of all or any parcel of the Property by public announcement at the time and place of any <br />previously scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's <br />Deed conveying the Property. Trustee shall apply the proceeds of sale in the following order: <br />(a) to all expenses of the sale including, but not limited to, Trustee's fees as permitted by <br />Nebraska law and reasonable attorney fees; (b) to all sums secured by this Deed of Trust; and (c) <br />any excess to the person or persons legally entitled to it. <br />15. As additional security for the Debt, Borrower hereby assigns all rents, issues and <br />profits of the Property to Lender. Upon acceleration under paragraph 13 or abandonment of the <br />Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to <br />enter upon, take possession of and manage the Property and to collect the rents of the Property, <br />including those past due. Any rents collected by Lender or the receiver shall be applied first to <br />payment of the costs of management of the Property and collection of rents including, but not <br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney fees, and then to <br />the sums secured by this Deed of Trust. <br />16. Upon payment of all sums as herein provided, Lender shall direct Trustee to <br />reconvey the Property and shall surrender this Deed of Trust and the Debt secured hereby. <br />Trustee shall reconvey the Property without warranty and without charge to the persons legally <br />entitled to it. <br />17. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />Trustee by an instrument recorded in the county in which this Deed of Trust is recorded. <br />Without conveyance of the property, the successor Trustee shall succeed to all the title, power <br />and duties conferred upon Trustee herein and by Nebraska Law. <br />18. Upon request of Borrower, Lender may, at its option, make additional and future <br />advances and re- advances to Borrower. Such advances and re- advances, with interest thereon, <br />shall be secured by this Deed of Trust. At no time shall the principal amount of the indebtedness <br />secured by this Deed of Trust, not including sums advanced to protect the security of this Deed <br />of Trust, exceed the original principal amount stated herein, or $25,500.00, whichever is greater. <br />19. Borrower requests that copies of all notice provided herein be sent to Borrower's <br />address hereinabove indicated. <br />IN WITNESS WHEREOF the Borrower has signed this Deed of Trust on the Date first <br />noted above. <br />i <br />Ro er F. Doud <br />r <br />1 A" . /" G- �./ <br />Shelly M Doud . <br />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <br />�1 <br />The foregoing instrument was acknowledged before me on the day of <br />1 , 2004, by Roger F. Doud and Shelly M. Doud, Husband and Wife. <br />GENERAL NOTARY - State of Nebraska ` <br />I� CHRIS L McKEON � �`� � ,/ /) ) - 1 <br />m y comm. Exp. June 28, 2006 Notary Public <br />186- 5106671 <br />