87101179 - Laserfiche WebLink

Browse

20. Assignment of Rents; Appointment of Receiver, Lender In Possession. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of theproperty, tender, 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. All rents collected by Lender of 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, recievees fee's, premiums on receivers bonds and reasonable attorney's fees, and then to the sums secured by this Deed of Trust Lender and the receiver shall be liable to account only for those rents actually received 21 FuWre Advances. Upon request of Borrower, Lender, at Lender's option, prior to full reconveyance of the Property by Trustee to Borrower, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured try this Deed of Trust when evidenced by promissory notes stating that said notes are secured hereby. At no time shalt the principal amount of the indebtedness secured by this Deed ofTrusL not including sums advanced in accordance herewith to protect the security of this Deed of Trust, exceed the original amount of the Note plus US $ 22. Reeonveyance. Upon payment of all sums secured by this Deed of Trust Lender shall request Trustee to reconvey the Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, d any. 23, Substitute Tfuss . Lender, at Lenders option, may from time to lime remove Trustee and appoint a successor trustee to any Trustee appointed hereunder byan instrument recorded in thecounty in which this Deed of Trust is recorded. VMdhorrt conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon the Trustee herein and by applicable taw. 24. Request for Nodow Borrower requests that copies of the notice of de!$ult and notice of sale be sent to Borrower's address which is the Property Address, M WITNESS WHEREOF, BORROWER has executed this Deed of Trust. K'_ /kf /V _ H /o/oMF" /% eRIOOM Charlene A. Hooker STATE OF NEBRASKA. vs , County ss, on this -day of 1.:.1: ;fit d - 14 before me; the undersigned, a Notary Public duty corgmnssioned and qualified for said county, pepsonally came -t. +J 'Y`aa rte r to me known to be the identical person(s) whose name(s) are subscribed to the foregoing ecstrumentand acknowledged the execution thimeaf lobe voluntary act and deed. Witness my !rand teal notarial seat at � - - . _ in said county, the date aforesaid MY CO- exW+es 'S c' T . t .! tls DA D SOEHLE REOUEST FOR RECONVEYA14CE TO TRUSTEE The undersigned is the holder of the note or notes secured by this Deed of Trust Said rote or notes, together with all ocher indebtedness secured by Otis Deed of Trust have been paid in fun. Your are hereby directed to cancel said note or notes and the Deed of TrusL which are delivered hereby, and to reconvey, without warranty, all lfm estate now held by you under rtes Deed of Trust to the person or persons legally entitled #%NLto. Date tel: "\N Fii- >~ j C. I