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87101365
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Last modified
10/19/2011 3:29:39 AM
Creation date
3/27/2008 2:02:10 PM
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DEEDS
Inst Number
87101365
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$1_ 101365 <br />NoN- UNIFORM COVENANTS Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless applicable law provides otherwise). The notice &ball specify. (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the entice is given to Borrower, by wbkh the default must be cured; <br />and (d) that failure to cure the default on or before the date specified its the notice may result in acceleration of the sums <br />secured by this Security Instrument and sale of the Property. The notice shall farther inform Borrower of the right to <br />reinstate after aexslerstion and the right to bring a court action to assert the non - existence of a default or any other <br />defense of Borrower to acceleration and sale. If the default is not cared 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 further <br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fees and coats of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each 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 and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at 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 all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale. Leader e*r its designee may purchase the <br />Property at my sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustees deed conveying the <br />Property. The recitals in the Trustee's deed shall be prim 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' fee; (b) to all cams secured by this Security <br />Instrument; and (c) any excess to the person or persons leppnlly entitled to it <br />20. Leader 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 tents collected by Lender or the receiver <br />shall be applied first to payment of the costs of management of the Property and collection of rents; including, but not <br />limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Rabmveyance. Upon payment of all sums secured by this Security InttrumettG Lender shall request Trustee to <br />roconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation casts <br />22, Substitute Trustee. Lender, at its option. may from time to time remove Trustee and appoint a successor truster <br />to my Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorde& <br />Without conveyance of the Property, the successor trustee shall sucoted to all the title, power and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies of the mires of default and sale be sent to Borrower's <br />address which is the Property Address. <br />24. Riders to this Security Instrument. If one or more riders an executed by Borrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend sud <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />Adjustable Rate Rider Condo nium i Rider ❑ 2-4 Family Rider <br />M Graduated Payment Rider % Planned Unit Development Rider <br />Other(s) [specify] <br />BY SIGNING BELOW. Borrower accepts AMl agrees to the terms and covenants contained in this Security <br />Instrument and in any rder(s) executed by Borrower and recorded wit. <br />p <br />............................ ..... ............ <br />( > <br />GAYLE G IVWST -- Srsn°`er <br />:......- ..- .-- - - -a( <br />RGBERTA J hERBST _ <br />[Space aenev Thies lice rev ! to "Iedpr rut] <br />rASKF. .......... telI .................... County SS: <br />On _n _ _ .. ..... day cf ....KarO .......... 19... §; before rile, the <br />undersigne,i a Ncta^ iii' c dal conrrassioned and qualified for said county, <br />nEr sclfiai Iv .�acm C:ArI ti H�RriST un RUEFRTA J HEWZT, husband and wife <br />.................. <br />........... . ............................... ...... to me known to b he <br />identical .-)ersorz(s1 whose names) are subscribed to the foregoing instrurnent <br />and ackn x w; edged the exeoun -on thereof to be ,........ Volun tary act and <br />deed. <br />Wit-rx ss my .-:and and notaxaal seal at Grand Island .................... in <br />said qffWr= 1 <br />MYR VC" <br />w61/lsst .......... <br />Pkatary Public <br />M "cxm.iss� FJ[�,rn: <br />;4 <br />1 <br />
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