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87103475
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Last modified
10/19/2011 8:20:17 AM
Creation date
3/27/2008 2:24:22 PM
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DEEDS
Inst Number
87103475
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F- <br />87-' 103475 <br />NON - UNIFORM COVENANTS. Borrower and Lender further Covenant aund aa.ee as <br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />hveach cf any covenant or agreement in this Secant•,, Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />im!ess appliarble law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less 'd m 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to core the default on or before the date specified in the notice nay result in acceleration of the sums <br />secured by this Security 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 salt. If the default is not cured on or before the date specified in the notice, Lender <br />at its option may require immediate payment In fail of all sums secured by this Security Instrument without further <br />demand and my invoke the power of Bale and any other remedies permitted by applicable law. Lender shall be entitled to <br />collect all expenses incurred in pursuiuk 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 loaned 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 hummer 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 desigeated 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 />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' fees; fb) to all suns secured by this Security <br />Instrument; and (c) any excess to the person or persons legally entitled to it <br />20. Lender 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 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 then to the sums secured by <br />this Security Instrument. <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey 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 costs. <br />22. Substitute Trustee. Lender, at its 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 Security Instrument is recorded. <br />Without conveyance of the Property, the successor trustee shall succeed 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 notices pf default and sale be t Jo rto er's <br />address which is the Property Address. Borrower further requests that copies of the notices one au l t ar><1 sale <br />be ser 6� h� o i as art i eto at the ad9 s of suc}� r n set Corgi herein - <br />ty one or more n ers aze execut �yorrower an recorded together with <br />this Security Instrument, the covenants and agreements of each such rider 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 Security <br />Instrument. [Check applicable box(es)] <br />Adjustable Rate Rider Condominium Rider ❑ 2-4 Family Rider <br />M Graduated Payment Rider M Planned Unit Development Rider <br />❑ Other(s) [specify] <br />BY SIGNING BELow, Borrower accepts and agrees to the terms and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br />z (Seal) <br />.......... ............................... .Borrower <br />.............(Seat) <br />— Borrower <br />(Some Below This tine For Acknowled[m Ml <br />State of: Nebraska <br />County of: Hall ASS: <br />On this 8th day of June 19 87 b f re d1 nice Not r Pu li f the State <br />of Nebraska personally appeared Michae5 V. dnicek anal Tthonga b. daniceCC, <br />husband and wife to me personally known to be thetflg;rson(s) named <br />in and who extrhetied tht foregoing instrument, and acknowledged hat �[ executed <br />the sane as voluntary set and deed. <br />Pty Comsisaion Expires. ` <br />NOTARY FLMUC <br />onerel NoW, - <br />Mr KRIS:iE S 1. o' Nsn <br />NHb <br />.LM,IED <br />Comm_E.p. D.02,1 <br />ME <br />
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