87104772 - Laserfiche WebLink

Browse

l_ $7- 104772 NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. A shall give notfcs to Borrower prior to acceleration following Borrowers btnmeh of any coveniust oir agreement in this Security I (but not prior to acceleration under paragrophs 13 and 17 andess applicable, low proses ). The sod" shall specify: (a) the default; (b) the action required to cure the (c) a data, not hem thim 30 days item the date the notice Is given to Borrower, by which the default must be cured; and (d) fisdi e to ewe the let" on or before the date specified in the notice may result in accelvretion of the sum secured by this Security lostrumanat and std of the Property. The notice shall further inform Borrower of tin right to reinstaft a1 mad r to a court action to the Iron- existence of a default or any other defense of _ and std. If the default k no cured on or before the date specified in the notice, Lender " at Its my require Immediate payment in fun of all mean secured by this Security Instrument without further demand and slay, invoke *a power of Ale and any other remedies permitted by applicable law. Leader shall be entitled to collect all expenses Incurred in pursuing the remedies proves in this paragraph 19, including, but not limited to, romosswe nays' fees and costs of title If the power of ask is Invoked, Trustee shall record a notice of default in each county in which any part of the : Property is Located and shaili mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persom prescribed by amicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the marmer prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the bighest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by pudic announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at my sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceed of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees ns permitted by applicable law and reasonable attorneys' fees; tb) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Leader in Possession. Upon acceleration under paragraph 19 or abandonment of the Property. Lender (in person. by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the casts of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Security Instrument. 21. Recortveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Tutee. Lender, at its option, may from time to time remove Trustee and appoint a succc;or trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the-title. power and duties conferred upon Trustee herein and by applicable law. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riders to ibis Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall he incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(cs)] t& Adjustable Bate Rider J Condominium Rider 2-4 Family Rider Graduated Payment Rider ' Planned Unit Development Rider Other(s) (specify] ACKNOWLEDGEMENT OF POWER OF SALE BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. i fllu.`.LQ.vt fd:......... ..... ....... .(Seal) a yoence D. Coate�so — Bor'oviv �17.tR.....i7i.:...1 .................(Seal) Lynne M. Coates — eorOwe' (SPU0 aelth, Tha tine r.. Aaknftyleftma!] STATE OF ,. Nebraska ..................... Hall SS: COUNTY OF ............................... ,.._ The foregoing Instrument was scitnowtedW before one this.....,,. 27th day of July, 1987 .... ............................... IT b. Lawrence D. Coates and Lynne M. Coates, Husband and Wife, As 9oint Tenants With�a� tt iif' §ur+afvoratiip "and Not A d: "" (SEAL) ,,... .f..:............. a� Notafy Public This ieastru - r 4 was pawed by ........... ........ a 4A+� S P i . •.. Gr$ ....... . ............................. . NW*mt Pick *bfaska NA, ,F�. _