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87103626
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Last modified
10/19/2011 8:33:36 AM
Creation date
3/27/2008 2:25:51 PM
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DEEDS
Inst Number
87103626
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87-. 103626 <br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's <br />breach of say cove"at or agreement in this Security Instrument (but not prior to acceleration underparagrophs 13 and <br />17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, nor less than 30 days from the date the notice is teen 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 Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring ■ court action to assert the non - existence of a default or any <br />other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, <br />Lender at its option may require irnmedists ayment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of rails and any other remedies permitted by applicable law. Lender shalt be <br />entitled to collect all expenses incurred in puraui the remedies provided in this paragraph :l9, including, but not <br />limited to, reasonable attorneys' fees and toes of M, evidence. <br />s If the power of sak is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and stall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br />z other persons prescri bed 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 />Properry at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels aad in any order Trustee determines. Trustee may post�ne sale of all or any. parcel of the Property <br />by public announcement at the time and place of any previously scheduled sot e. Lender or its design a may purchase the <br />Property at any ask. <br />Upon recent of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The rectals in the Trustees decd 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 <br />limited to, Trustee's fees as permitted by applicable law and reasonable attorneys fees; (b) to all sums secured by this <br />Security 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 Properry, 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 tocollect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall <br />be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, <br />receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security <br />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 of default and sale be sent to Borrower's <br />address which is the Property Address. Borrower further requests that copies of the notices of default and sale be sent to each <br />person who is a party hereto at the address of such person set forth herein. <br />24. Riders to this Security Instrument. If one or more riders are 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 and <br />supplement the covenants and agreements of this Security Instrument as if the riderlst were a part of this Security <br />Instrument. (Check applicable box(es),I <br />❑ Adjustable Rate Rider ❑ Gmdominiwn Rider ❑ 2 -4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />❑Other(s) I specify I <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 />........... (Seal) <br />Mies A. <br />parting — Borrower <br />.................................... I....... (Seal) <br />— Borrower <br />(spew 34WOW This rata For Aeknow16derr ntp <br />STATE OF NEBRASKA . ................... Ha11.................. County ss: <br />On this ......15M ....... day of ......June...... , 19 ..87., before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came .. Miltdred. A...Spatling,.. a. singla .pJeraoth <br />........................................................... I................... <br />to me known to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof io be <br />......... Ilse ............... voluntary act and deed. <br />Witness my hand and notarial seal at ........ Grand Island, . NE ................ in said county, the date <br />aforesaid. <br />My Commissitm ex tires: March 10 <br />E� <br />of &M ft* MrAt 1tt 1919 <br />1;11 S r <br />1990 .... . Q:YI!+:�..� . ... .n....... , <br />Notary Public <br />) <br />
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