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200201495
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Last modified
10/14/2011 4:52:01 PM
Creation date
10/21/2005 9:23:35 PM
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DEEDS
Inst Number
200201495
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fees (not to exceed 1/2 of 1 % of the principal balance then due) and a reinstatement fee of $100.00 for each default so cured. 200201495 <br />15. Method of Trustee Sale. If Trustee sale is elected, the Trustee, at the written request of the Lender, may sell the property in the manner provided in Section <br />76 -1001 through 76 -1018 of the Nebraska Revised Statutes, including amendments, with such right of postponement of sale as the Trustee shall deem best forthe <br />interest of all parties concerned. The Trustee shall convey to the Purchaser in such sale the Trustee's title and all right and title of the Borrower to the real property. <br />The purchaser shall be discharged of all liability for the application of the purchase money once sent to the Trustee. The Trustee shall apply the proceeds of the <br />sale, first to the expenses of sale; then to all taxes and assessments due; thence to all sums advanced by the Lender as provided in this Trust Deed together with <br />interest; thence a Trustee's commission of two percent of the gross sale plus the Trustee's costs of reasonable attorneys fees and costs of title evidence; thence to <br />the payment of the indebtedness and obligations secured by this Trust Deed together with interest and thence to the payment of all other Trust Deeds, mortgages <br />and liens junior to this Trust Deed. Any proceeds of the sale in excess of the amounts so applied above shall be paid to the Borrower. <br />16. Substitute Trustee. The Lender has the irrevocable power to appoint a substitute Trustee without specifying any reason therefore, by following the procedures <br />outlined in Section 76 -1004 of the Nebraska statutes. <br />17. Notices. Any notice or demand that may be given under this Trust Deed or any of the instruments affecting the loan shall be given to the Trustee at its above <br />address and to the Borrower, at the above address by depositing in the United States Mail, postage prepaid, except that notices of default and sale shall be sent by <br />certified or registered mail to each party hereto and request for such notice is hereby made by each party hereto. <br />18. Release Upon Full Payment. Upon payment and satisfaction of the terms of this Trust Deed and the Note or Notes and other amounts secured hereby, a <br />reconveyance shall be made and executed by the Trustee. <br />19. Severability. If any provisions of this Trust Deed shall be held invalid under Nebraska law, the validity of the remainder of this Trust Deed shall not be affected <br />and the remainder of this Trust Deed shall be construed as if the invalid provision was never included. <br />20. Successors and Assigns. This Trust Deed applies to and inures to the benefit of and binds all parties hereto, their heirs, legatees, devicees, Personal <br />Representatives, successors and assigns. The term, "Beneficiary', shall mean the owner and holder of the note, whether or not named as Beneficiary herein. <br />22. Special Provisions. None. <br />In witness whereof and as my voluntary act and deed, I execute this Trust Deed on the 1 ST day of February, 2002. <br />Sc . Moss <br />racy A. Moty <br />STATE OF NEBRASKA) <br />COUNTY OF NANCE) <br />Acknowledged by Scott A. Moss and Tracy A. Moss, a husband and wife, as their voluntary act and deed this 1 st day of February, 2002. <br />r1. Notary Public Public <br />Wf�O w Gip. Nor.26, 2004 <br />
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