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87101788
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Last modified
10/19/2011 4:19:44 AM
Creation date
3/27/2008 2:05:40 PM
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DEEDS
Inst Number
87101788
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87`101788 <br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />14. Acceleration; Remedies. Leader 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 shall 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 notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Seenrity Instrument and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration 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 farther <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 costs 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 Mice 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 tender 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. Lender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Try shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale, including, but not IhNited <br />to, Trustee's fees As permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Instrument; and (c) any excess to the person or persons legally entitled to it. <br />20, bender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender Cm <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 rents 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 that to the sums seared by <br />this Security Instrument. <br />21. Reconveysace. Upon payment of all sums secured by this security Imtrume n4 Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and an notes evidencing debt secured by this Security <br />Irnstrument to Trustee. Trustee shall reconve y 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 costs. <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee <br />to any Truster 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 succeed to all die title. powcr and duties cared upon <br />Try herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address <br />vbcb is the Property Address. Borrower further requests that copies of the none of default and notice of sale be sum to eacb <br />pexscww who is a panty hereto at the address of such person set forth herein. <br />24. Riders to this Security Instrument. If one or mere riders are executed by Borrower and recorded togsxhe= with <br />this Security instrument, the covenants and agreements of each such rides shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part. of this Serenity <br />Instrument. [Check applicable box(es)] <br />Adjustable Rate Rider Condominium Rider L 2 4 Family Rider <br />-_ Graduated Payment Rider ❑ Planned Unit L'eve'opment Rider <br />other(s) [specify] <br />BY SIG-.ING BELOW, Borrower accepts and agrees to the and eovennpts oontaOcd �O this Security <br />�t a o any rider(s)executed by Borrower and recorded wi) <br />t l'' <br />Bo <br />Jane Lester - - <br />–80"10.W <br />STATE of NESaassA--------- --- -- - - -- -Hall --------- .— so. <br />- ------ -------- ----- ---- ---- -- -- <br />on this ... - ------ _1,51.......... day of __-- :'Fx17 - - --- 19 --- SZ_, before me, the mulmigned, a Notary Public <br />duly commissioned and qualified for said county, pesonally came <br />to he the <br />tto7qft A._1,eSL�T -�3Yii , ter; lei--: t.-_ i, rs��_ a. s�:- �._„_;__-_ u�y- ___________-_-- __- <br />ie�tical person (a) whose names) are sah®enbed to the foregoing i t and acknowledged the execu- <br />tion thereof to he -. their------ __ -------------- ------------ ---------------- ------------- voluntary act and deed. <br />Witness my hand and notarial seal at ---- --- --- ._ -- - - -- -- --Grand Island ----------------- -_ in said county, the <br />date aforesaid. } - - <br />6EkEeAt a:Gi ARr -Sia!t at McRr:sb <br />My CCommission � MARILYN J. @ R <br />MY cm frp - <br />c&_e< ----- - - - - -- <br />Public <br />We are an Equal Employment Opportunity /Affirmative Action Employer M /F. <br />[Space Beim Ths Lm For ArAnowWrriertl <br />I <br />
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