|
Advances, if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in
<br />this Deed of Trust; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing the covenants and agreements of
<br />Borrower contained in this Deed of Trust and in enforcing Lender's and Trustee's remedies as provided in paragraph 18 hereof, including, but
<br />not limited to, reasonable attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this
<br />Dad of Trust, Leader's interest in the Property and Borrower's obligation to pay the sums secured by this Dad of Trust shall continue
<br />unimpaired, Upon such payment and cure by Borrower, this Dad of Trust and the obligations secured hereby shall remain in full force and
<br />effect as if no acceleration had occurred.
<br />20. Aadpmeat of RetNa; Agpoirahaer t of Recelver; Leader in Pewewloa. As additional security hereunder, Borrower hereby assigns Lo
<br />Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the
<br />Property, have the right to collect and retain such rents as they become date and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in person, by agent or by judicially appointed
<br />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
<br />date. 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
<br />rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured
<br />by this Deed of Trust. Lender and the receiver shall be liable to account only for those rents actually received.
<br />21. Fatism Advaaeea. Upon request of Borrower, Lender, at Lender's option, prior to full reconveyance of the Property by Trustee to
<br />Borrower, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this Deed of Trust when
<br />evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by
<br />this Dad of Trust, not includin stems advanced in accordance herewith to protect the security of this Deed of Trust, exceed the original amount
<br />U
<br />of the Note plus U.S. S
<br />22. Recosveyeace. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the Property and
<br />shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the
<br />Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of
<br />recordation, if any:
<br />23. Sabadlate Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee
<br />appointed hereunder by an instrument recorded in the county in which this Deed of Trust is recorded. Without conveyance of the Property, the
<br />successor trustee shall succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law.
<br />24. Regaest for Notice';. Borrower requests that copies of the notice of default and notice of sale be sent to Borrower's address which is
<br />the Property Address.
<br />25. Borrower further requests that copies of the notice of default and notice of sale be sent to each person who is a party hereto at the
<br />address of such person sett forth herein.
<br />IN WITNESS WHEREOF, Borrower has executed this Deed of Trust.
<br />r
<br />Y:
<br />Harold L. Johnson R] RROWER
<br />Kathryne M. Johns%�RROWER
<br />Hall
<br />STATE OF NEBRASKA, County ss:
<br />On this 21 day of January 19 87_ , before me, the undersigned, a Notary Public duly
<br />commissioned and qualifed for said county, personally came Harold L. Johnson and Kathryne M. Johnson.
<br />Husband and Wife----------------------------------------- - - - - -- -tomek oetntobethe
<br />tie
<br />1 r
<br />identical Mson(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be
<br />voluntary act and deed.
<br />Witness my hand and no at Grand Island, Nebraska in said county, the date aforesaid.
<br />/tarialseal
<br />My Commission expires:
<br />ERAt aalaM( -Sher r Ncb,a�kr 1� NOTARY PUBLIC
<br />DEBORAH L KIMBLE
<br />Mr tbmm. UP. Nov. 23, 1487
<br />REQUEST FOR RECONVEYANCE
<br />TO TRUSTEE:
<br />The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness
<br />secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are
<br />delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally
<br />entitled thereto.
<br />s
<br />Date: -- --
<br />(Space Below This Line Reserved For Lender and Recorder)
<br />-• - 00
<br />rn
<br />n
<br />C'
<br />x.
<br />
|