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88105755
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1988
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88105755
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Last modified
3/9/2007 5:41:47 PM
Creation date
3/9/2007 4:42:40 AM
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DEEDS
Inst Number
88105755
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<br />88- 105755 <br />NON.UNIFORM COVENANTS. Borrower and Lender further covenant and agree 115 follows: <br />19. ACL:eleradon; Remedies. Lender sball Kin Dotlce to Borrower prior to acceleration following Borrower's <br />breach of an)' connant or IlP'eemenl in this Security ilUltrument (but not prior to acceleration under paragraphs 13 and 17 <br />uol... applicable law pro' Ides alhe",lsel. The nail.., sball specily: (a) the delault; (b) the aetlon required ta cure the <br />default; (c) a date, not leu than 30 clays from the date the notice is given to Borrower, by which the defnult must be cured; <br />IU1d Cd) that failure to cure tl:e ddault on or belate the date specIfied in the notice may result In Dcceleratlon of the sums <br />secured by this Security Instrument and sale 01 tbe Property. The naUce shan lurther inlarm Barrower al the right ta <br />reinstate after acceleration and the right to bring, a court aetion to 85scrt the non-existence of 8 default or Bny other <br />defense of Borrower to acceleration and sale. If the deraull is nol 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 furtber <br />demand and mlY inyoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled tCL. <br />collect all expenses incurred In pursuing the remecliel provided in this paragraph 19, includinG, but not limited to, <br />reasonable attorneys' fees and costs of Utle nidence. <br />tr the power of sale is invoked. Trustee shall record a notice of default in eadl 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 ond to the <br />othc:r persons prescribed by applicable law. After the time required by applicable low, Trustee shall gin publiC notice of <br />sale to Ihe persons and in the manner prescribed by applicable Ilw. Trustee, without demand on Borrower, shaH sell the <br />Property at public Duction to the highest bidder 6t 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 nIl or any parcel of the Property by <br />public announcement at the time and placc of an)' previously scheduled sale. Lender or its designee may purchase the <br />Property at Bny sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchascr Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed sball be primo 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; Dnd (c) any excess to the person or persons legally entitled to it. <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender (in <br />person. by agent or by judicially appointed receiver) shall be entitled to enter upon, take 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 />shan be applied first to payment of the costs of management of the Property and collection of rents. including. bur not <br />limited to, receiver's fees. premiums on receiver's bonds and reasonahle attorneys' fees, and then 10 the sums secured by <br />this Security Instrument <br />21. Reconveyance. Upon payment of all sums secured by this SecurilY Instrument. lender shall re,quest Trustee to <br />reconvey the Pr:operty and shall surrender this Security Instrument and nil noles evidencing debt secured by this Security <br />Instrumenlto Trustee. Trustee shall 'reconvey the Propeny without warranly ilnd without charge 10 the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation costs. <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trus1ee <br />to an)' Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded, <br />Without conveyance ortbe Property, the successor trustee shall succeed III allthe.title, power and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requC5ts that copies of the notices of default and sale be 'tent to Borrower's <br />address which is the Property Address, <br />24. Riders to this Security Instrument. If one or more riders are e~ecuted by Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shull amend and <br />supplement the covenants and agreements of this Security Instrument us if the rider{s) were a part of this Securit)' <br />Instrument. [Check applicable 00,(05)] <br />K8 Adjustable Rate Rider 0 Condominium Rider CJ 2-4 Family Rider <br />o Graduated Payment Rider 0 Planned Unit Development Rider <br />~Other(s) [specify] ACKNOWLEDGEMENT OF POWER OF SALE <br /> <br />BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants conlamcd in this Security <br />Instrument and in an)' rider{s) executed by Borrower and recorded with it. <br /> <br />..~...."a...,0.~..--.... ....,..,....(Seal) <br />-BorrDwer <br /> <br />.~\....,\..;,.. "...D~,...........(Seal) <br />_Borrower <br /> <br />(Sp.Ke ElMo. This Une FIN Ackno.ledl"'entJ <br /> <br />alUNfY OF <br /> <br />NEBRASKA <br /> <br />:::~::::::::::::::::::::::::}&S: <br /> <br />Sf ATE OF <br /> <br /> <br />My Commission expires: <br /> <br />~ L-/, <br />, ,/1,-- ---;-, I- <br />.." ,ll..., ~/ <br /> <br />/ Notary'Public <br /> <br />\\ 1'/ ILL" /, <br />"..,J.Ll:m~- <br />
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