87103396 - Laserfiche WebLink

Browse

r- 20. Assignment of Rents; Appointment of Receiver; tender In Possession. As additional security hereunder, Borrower horeby 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 the property, Lender, in person, by aggentor by judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to coliectthe rents of the Property including those pest 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, reciever's fee's, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Dead of Trust Lender and the receiver shall be liable to account only for those rents actually received. . 21. Future 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 by this Deed of Trust when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Deed of Trust, not including sums advance in accordance herewith to protect the security of this Deed of Trust, exceed the original amount of the Note plus US$ — — 22. Reconveyarwe. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the Property and shall surrender this Dead 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, if any. 23. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Deed of Trust is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notice of default and notice of sale be sent to Borrower's address which is the Property Address. IN WITNESS WHEREOF, BORROWER has executed this Deed of Trust. Edpwar l Zdt:• fl, a G. Brokawa°"ON'°F Hall STATE OF NEBRASKA, _ County ss: On this S day of N'"< 1; g b fore me, �t je undersigned, a Notary Public duly cognmissioned and qualified for said county, personally came�� D . I610 ti•:4 t� (O" 6r Qr.Kr.�.) , to me known to be the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be voluntary act and deed. Witness my hand and notarial seal at in said county, the date aforesaid. My Commission expires: � W fi1MY �. OAIMION � t3�lla BR IR � 1r1 a vsurr► -- PUE6d REQUEST FOR RECONVEYANCE TO TRUSTEE: �\ The undersigned is the holder of the note or notes secured by this Deed of Trust Said note or notes, together with all other indebtedness secured by this Deed of Trust have been paid in full. You are hereby directed to cancel said note or notes and the Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally entitled thereto. ti X �\ Date: (So- Below TN. Line Rawn Fo, Lendor and R- .,de,) d z ccroes 4/86C20 ID r0 _ C c3tax,� c "u 00