87101200 - Laserfiche WebLink

Browse

rm r Prior Mortgage X-ANKS �� Rider r � lol2og THIS RIDER modifies and supplements the Deed of Trust to which it is attached ( "Deed of Trust') and the terms hereof shall p: avail over all conflicts and inconsistencies contained in said Deed of Trust. f. Beneficiary and Trustee hereby acknowledge that the Deed of Trust is subordinate to a certain Mortgage recorded in the office of the Register of Deeds of Hal i County, Nebraska, at Cram Taal and between Farmers State Bank fi Trust at Superior and Richard R. > Roos s Elsie Mae Frogge (hereinafter called the "Prior Mortgage') and all representations, covenants and warranties of Trustor made in the Deed of Trust are hereby modified to the extent necessary to provide for such Prior Mortgage. 2. To the extent the Prior Mortgage shall require the payment of, and for so king as Trustor shall pay to the holder of the Prior Mortgage, funds for the payment of taxes, assessments, insurance premiums and ground rents, Beneficiary hereby waives its right to collect the same. 3. Ad original insurance policies, tax statements and other documents and instruments which are to be delivered to Trustee and/or Beneficiary pursuant to the terms of the Deed of Trust are, to the extent tha Prior Mortgage requires otherwise, modified to permit the possession thereof by the holder of the Prim Mortgage, provided however, Trustor shaft furnish copies of all such insurance policies, tax statements and other documents and instruments to Trustee or Beneficiary, as the case may be. 4. if Trustor shall default in any of the terms, conditions or provisions of the Prior Mortgage, or in the instruments of indebtedness secured thereby. or if any proceeding or action shag be commenced to foreclose the Prior Mortgage, any or all of the above shall constitute an Event of Default as defined in the Doed of Trust- 5. Beneficiary, at its option, may cure any default of Trustor in any of the terms, conditions or provisions of the Prior Mortgage, or in the instruments of indebtedness secured thereby. and all amounts advanced by, and other expenses of Beneficiary in curing such default, together with interest thereon at the default rate, if any, set forth in the Note, or otherwise at the highest rate permitted by law, shall constitute a part of the indebtedness secured by the Deed of Trtrst and shag be due and payable by Trustor to Beneficiary upon demand. fi. D-stor does hereby assign and convey to Beneficiary, ad of Trustor 's rights, tiffs and interests in and to the Prior Mortgage. T. in the event the Prior Mortgage shall be a deed of test. Beneficiary hereby requests that a copy of any notice of default and notice of sale be mailed to it at As address set forth in the Deed of Test This Rider has been executed in conjunction with the Deed of Trust to which it is attached and constitutes an integral part thereof. TRUSTOR: �^ 3cpar ro e r� s>_e a hog TRUSTEE and BENEFICIARY." MBank Nebraska, National Accnriarirw By Ti *_ Special Loan Administration Officer e 7 E5