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87101496
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Last modified
10/19/2011 3:44:24 AM
Creation date
3/27/2008 2:03:13 PM
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DEEDS
Inst Number
87101496
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20. Assignment of Rents; Appointment of Receiver, Lender in Possession. As additional security hereunder, Borrower <br />Hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 <br />hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. <br />Upon acceleration under paragraph 18 hereof or abandonment of the property, Lender, in person, byagent or byjudicially <br />appointed receiver, shall be entitled to enter upon, take possession of and managethe Propertyand to celiectthe rentsofthe <br />Property including those past due. All rents collected by Lender of the receiver shall be applied first to payment of the costs of <br />management of the Property and collection of rents, including, but not limited to, reciever's fee's, premiums on receiver's <br />bonds and reasonable attorney's fees, and then to the sums secured by this Deed of Trust Lender and the receiver shall be <br />liable to account only for those rents actually received. <br />21. Future Advances. Upon request of Borrower, Lender, at Lender's option, prior to full reconveyance of the Property by <br />Trustee to Borrower, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured <br />by this Deed of Trust when evidenced by promissory notes stating that said notes are secured hereby_ At no time shall the <br />principal amount of the indebtedness secured by this Deed of Trust, not including sums advanced in accordance herewith to <br />protect the security of this Deed of Trust, exceed the original amount of the Note plus US $ -D- <br />22. Reconwyaece. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the <br />Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by, this Deed of Trust to <br />Trustee. Trustee shall recomrey the Property without warranty and without charge to the person or persons legally entitled <br />thereto. Such person or persons shall pay all costs of recordation, it arty_ <br />23. Subsdkdo Trustsis. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee <br />to any trustee appointed hereunder by an instrument recorded in the county in which this Deed of trust is recorded. Without <br />conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon the Trustee <br />herein and by applicable law. <br />24. Request for Notice. Borrower requests that copies of the notice of default and notice of sale be sent to Borrower's <br />address which is the Property Address- <br />IN WITNESS WHEREOF. BORROWER has executed this Deed of Tram. <br />�� f <br />David L. Schaff <br />Frances F. Sc a�`iirer <br />STATE OF NE C my ss: <br />On this B4 _ day of .19 <br />bOa� dar�6n i je�jAry Pu <br />duly commissi ed and qualified f said cot <br />�({ <br />,� � i <br />to me to be fie <br />identical s) whose names) are -1 the or irrsVument nd acknowledged the execution thereof io be <br />ta�ri. �ti nFa <br />a1 voluntary act and J` <br />� <br />� <br />Witness my hand and notarial seat at <br />in said county. tfi <br />date awes" <br />f <br />My C <br />cc <br />- <br />M— <br />w <br />w Cna EtF l4 IL M <br />REQUEST FOR RECONVEYANCE <br />TO TRUSTEE. <br />The undersigned is the holder of the note or notes secured by this Deed of Taut Said note or notes, togstl a with all other <br />ink secured by this Deed of Trust, have been pad in futi You are hereby directed to cancel said note or notes and <br />the Deed of Trust which are delivered hereby, and to recortvey, without warranty. all the estate now held by you under this <br />Deed of Trust to the person or persons iegatty entitted thereto. <br />Date. — <br />[ Q1e , <br />� •t <br />,� � i <br />� <br />spy <br />+g�� <br />cc <br />d <br />y� <br />ws <br />C <br />
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