Laserfiche WebLink
<br />I <br /> <br />I: <br /> <br />L <br /> <br />NON.UNIFORM COVENANTS. Borrower and Lcnder further covenant and agree as follows:B8- 101286 <br /> <br />19. Acceleration; Remedies, Lender shall give notice to Borrower prior to accelel'ation following Borrower's <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless applicable law provides otherwise), The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other <br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender <br />at Its option may require immediate payment in full of all sums secured by this Security Instrument without further <br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record If notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on B.orrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in <br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale, Lender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein, <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited <br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Instrument; and (c) any excess to the person or persons legally entitled to it. <br /> <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Properly, Lender (in <br />person, by agent or by judicially appointed receiver) shall be entitled 10 cnler upon, lake possession of and manage the <br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver <br />shall be applied first to 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 attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br /> <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee, Trustee shall reconvey the Property without warranty and without charge to the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation costs, <br /> <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee <br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded, <br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon <br />Trustee herein and by applicable law. <br /> <br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address <br />which is the Property Address. Borrower further requests that copies of the notice of default and notice of sale be sent to each <br />person who is a party hereto al the address of such person set forth herein, <br /> <br />24. Riders to this Security Instr!lment. If one or more riders are executed by Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and <br />supplement th~ covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br /> <br />o Adjustable Rate Rider <br />o Graduated Payment Rider <br />o Other(s) [specify] <br /> <br />o Condominium Rider <br />o Planned Unit Development Rider <br /> <br />o 2-4 Family Rider <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security <br />In"rumon' ond in ,ny rid,,(,) ,,"'u,'" by Bu,,,,,,,, ond ''''U:J:S:.~...9...~.........,......(s<a1) <br /> <br /> <br />uary J. Dre~n -Borrower <br /> <br /> <br />...,lf~~..L...12~,R..~,..,.(Seal) <br />Karen L. Dreesen -Borrower <br />STATE OF N EBRASKA....__ __........_. __~.~~~ __ __. .....__. __:..__ _m _..._____. ... m...........County 88: <br /> <br />On this __.......U.~h__.._______ day of .....~E!-:):1............., 19..~.~_., before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came .............__......m........__._._......mmm_m........___ <br />-...Gax:~--J:~..Dx.eesen..anJJ.._.KaX'.~.Q..L.t...Qt:~g_~.~n...___hl,!l'!b_{l.,QQ..!'}P.-.Q..wJJ~....__..___........., to me known to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execu- <br />tion thereof to be -----....__n.__.___.__..___n...n..__....tJ1~;i,L.m_.....__......n..____.....m... voluntary act and deed. <br />Witness my hand and notarial seal at ..m...____..s:~~~.~.._~~.~.~.~~._.............__n.n....__nn...__. in said county, the <br />date aforesaid. <br />,/ <br /> <br />My ~irWllo':~~~uuuct~N~;w5'~UUUUU.. <br /> <br />C l\'I.t~~~ <br />:. ...~~lIf'Employment Opportunity / Affinnative Action Employer M/F. <br /> <br />[SpKe Below This line For Acknowledgment) <br /> <br />