200601466 - Laserfiche WebLink

Browse

NI!3K2KI:i.nl:i:d.fI.tt!Jl\ 200601466 19. Assignment of Rents; Appointment of Receiver; Lender In Possession. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall. prior to acccleration under paragraph 17 hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 11 hereof or abandonment of tbe Property, Lender. in person, by agent or by judicially appointed receiver shall be entitled to enler upon, take possession of and manage the Property and to collect the rents of the Property Including tbose past due. All rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to. receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Deed of Trust. Lender and the receiver shall be liable to account only for those rents actually received. 20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any, 21. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an Instrument recorded In the county in which this Deed of Trust is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title. power and duties conferred upon the Trustee herein and by applicable law. 22. Request for Notices. Borrower requests that copies of the notice of default and notice of sale be sent to Borrower's address which is the Property Address. 23. The following Riders are to be executed by Borrower [check box as applicable]: o At\juSlable Rate Rider IXJ Balloon Rider o 1-4 Family Rider o Second Home Rider o Other(s) [specify] o Condominium Rider o Planned Unit Development Rider o Biweekly Payment Rider NEBRASKA. SECOND MORTGAGE - 1/80 3828 - AS AMENDED FOR MERS Page 6 of 8 DOCMfl9iCa~ SOO.649.1J62 www.docmagic.com ~