88102058 - Laserfiche WebLink

Browse

I I NON.UNIFORM COVENANTS. Borrowe~~d~nder !r2e~ !~a~t and agree as follows: 19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any ronnant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unlea app"cable law prondes otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a elate, not lesI than 30 days from the date the notice is given to Borrower, by which the default must be cured; ud (d) tat faUW'1! to cure the default on or before the date specified in tbe notice may result in acceleration of the sums secured by this Security Instrument and we of the Property. Tbe notice shall further inform Borrower of the right to reiutat. alter acceleration and the right to bring a court adion to assert the non-existence of a default or any otber clef'DIe of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at Its option may require immediate payment in full of all sums secured by this ~urity Instrument without further dellWld and may invoke the power of sale and...y other remedies permitted by applicable law. Lender shall be entitled to collect all expellSlS incurred in pursuing the remedies provided in this ~uagrapb J9, including, but not limited to, reasonable attomeys' fees ~li costs ortiUe evidence. If the power of sale is inl'oked, Trustee shall record a notice of default in each county in which any part of the Property ls located and shall mail rop!es ofsucb.notice in tbe mamaer prescribed by applicable law to Borrower and to the other persons presttibed by applicable law. After the time required by appliCAble law, Trustee shall gile public notice of ale to the penons and in the manner preseribed by epplicable law. Trustee, without demand on Borrawer. shall sell tbe Property at public auction to the highest bidder at the time and place and under tbe 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: announcemelit at the time and place of any previously scbeduled sale. Lender or its designee may purchase the Property Ilt any sale. Upon reeeipt of payment of the price bid, Trustee sball deliver to the purchaser Trustee's deed conveying the Property. The reeitals in the Trustee's deed sball be prima facie evidence of the truth af the statements made tberein. Trustee shall apply the proceeds of the sale in the following order: (a> to all expenses of the sale, including, but not limited to, Trutee's fees 15 permitted by applicable law and reasonable attorneys' fees; (b) to all sums seeured by this Security InltnuDent; and (c) any excess to the person or penons legally entitled to it. 20. Lender in P.ossession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due, Any 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 Security Instrument. 11. RecoanYlIDce. Upon payment of aU sums secured by this Security Instrument, Lender shall request Trustee to reconvey tbe Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. ~Z. Substitute Trustee. Lender, at its 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 Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 13. RelpIIIt for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address whicb is the Property Address. 14. RWen to tIds Seauity latra.JDeaL If one or more riders are executed by Borrower ar.:' recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable boJl(es)) o Adjustable Rate Rider 0 Condominium Rider 0 2-4 Family Rider o Graduated Payment Rider o Planned Unit Development Rider @ Other(s) [specify) Acknowledgment By SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) eJlecuted by Borrower and recorded with it. ........................................................................................ ~.&...~.0.~;.......................(SeaJ) .?ib~~~~...kliw.J).1.L..................= ~~. Vokoun -&~ STATE OF NEBRASKA, Hall County ss: On this 20th day of April ,19 88 , beFore me, the undersigned, a Notary Public duly commissioned and qualified for said county, personally came Robert L. Vokoun and Jolene K. Vokoun, Husband and Wife ,to me known to he the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed. Witness my hand and notarial seal at Grand Island, Nebraska in said county, the date aforesaid. . 6.....,......-1Ikasb ~ c.L...... _or " .. elM. Elf ... a .. o TRUsTEE: , The undersilned is the holder of the note or notes secured by this Deed of Trust. Said note or nOles, logether with all other indebtedness sc:curea by this Deed of Trllst; bave been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are delivered hereby, and [0 reconvey, without warranty, alllhc ('state now held by you under this Deed of Trust to the person or persons legally entitled Iherelo. ~~ ;< _ ~J -_ ...........................................~.....~..... L My Commission expires: NOlar>. Public REQUEST FOR RECONVEYANCE Date: