88101594 - Laserfiche WebLink

Browse

r .J LJ L,._ I 88- 10159& It the power of sale Is Invoked, Trustr.e shall record a nutlce of dcfllult In ellch county In which any pllrt ot'the "roperty Is localed and shall mail copies of such notl~e In the mllnner prescribed by applkable low to Borrower and to the olher persons prescribed by applicable law. Arter the time required by applicable law, Trustee shall give public notice of sale to the persons and In the manner prescribed by apllllcable low. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale In one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of'the Property by public announcement at the time and place of any previously scheduled sale, Lender or Its designee may purchase the Property Bt Bny sale, Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The reeitals In the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds onhe sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable aUorneys' feesi (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender In Possession. Upon acceleration under paragraph 19 or abandonment of Ihe Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage Ihe Properly and to collecl Ihe'rents of the Properly including Ihose past due. Any renls collecled by Lender or the receiver shall be applied first to payment of the costs of management of the Property and colleclion ofrenls, including, but not Iimiled 10, receiver's fees, premiums on receiver's bonds and reasonable atlomeys' fees, and then to Ihe sums secured by this Security Instrument, . 21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Properly and shall surrender this Security InSlrument and all notes evidencing debt secured by Ihis Security r nstrument to Trustee. Truslee shall reconvey the Property wilhout warranty and without charge '10 the person or persons legally entitled 10 it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, al ils oplion, may from time 10 lime remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrumenl recorded in the counly in which this Security [nstrumenl is recorded. Withoul conveyance of the Property, the successor Irustee shall succeed 10 all the title, power and duties conferred upon Trustee herein and by applicable law, 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's ad- dress which is the Property Address. "Borrower fUrl her requests that copies of the notices of default and sale be person sel fOrlh herein." 24. Riders to this Security Instrument. If one or more riders arc executed by Borrower and recorded together with this Securily [nslrumenl, the covenanls and agreements of each such rider shall be incorporated into and shall amend and supplement Ihe covenants and agreements of this Security [nslrument as if the rider(s) were a part of this Security Instrument [Check applicable box(es)] ~ Adjustable Rate Rider o Graduated Paymenl Rider o Other(s) [specify] o Condominium Rider o Planned Unit Developmenl Rider o 2-4 Family Rider By SIGNING BELOW. Borrower accepls and agrees to the terms and covenants conlained in this Security [nslrument and in any rider(s) executed by Borrower and recorded with it. 4~J~:!isr'\.<;~~ ~ ".1l,;Jf~S- _~~::? (Seal) . 60"0_1 (Seal) -Berfower ACKNOWLEDGMENT I/We, ALLAN SCOTT HELGESON and JOSEPHINE II. HELGESON, ("Truslor"), under that certain Deed of Trust daled IIarch ~9 th, 19 88 , ("Deed of Trust") to be entered into amoung Trustor. LAWYERS TITLE INSURANCE CORPORATION ("Trustee") and CENTRAL IIORTGAGE CORPORATION, 3!i800 GRAlIOT, liT. CLEIIEHS, III 48043 ("Beneficiary") covering the following described properly: LEGAL DESCRIPTION: See Front Page hereby ackowledge that it is underslood that (a) the Deed of Trust 10 be executed by Trustor is a trust deed and not a mor- tgage and (b) the power of sale provided for in the Deed of Trust provides substanlially different righls and obligations to the Trustor than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowlcdgmcnt was made prior to the execution of the Deed of Trus!. ExeClIled and delivered Ihis day of IInch , i988 29 th Trustor A~ H~~~ ~~". f!!.;f)0~~ r I I t , Trustor Statr of Nrbralika ) )S5, ) Counl)' of Hall The' foregoing instrument was acknOwledged before me thi; .19 88 . by Allan Scott Helgeson and Josephine H. Wilness my hand and notarial seal al Grand Island 29th day of, March Helgeson, Husband and Wife in said County. the dale afOle~aid, ~ My cOlllllli~~ion c\pin's: /i:~~ .I /J ... C9( .,fzu (h. (j<- e c (t _ .'_, "Ch __..........,_.... \. ... NOllll)' I uhli<' 'f -.' _T_ IBIIAl wn"~ If ..... ItOHftTA L "110 .. -- r. Wy JJ. 1fJ)