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87105898
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Last modified
10/19/2011 1:42:29 PM
Creation date
3/27/2008 2:57:11 PM
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DEEDS
Inst Number
87105898
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NON,UNIK*M COVENANTS. Borrower and bender further covenant and agree as follows: <br />19. on; RmUdIcs. Leader shall give native to Borrower prior to acceleration following Borrower's <br />brad orany covenant or Agreement In this security Instrument (but not prior to acceleration under ads 13 and 17 <br />malma sipplicable law provides otherwhat). The notes shall specify: (a) the default; (b) the action required to cure the <br />de tint,; (c) a doo, no lest then 30 days from the elate the melee Is given to Borrower, by which the default must be curd; <br />and (4) dint faihtrs to we the default an or before the data specified in the notice may result In acceleration of the Rams <br />secured by thil Security IMOmat and tale of the Property. The notice WWI further inform Borrower of the right to <br />reinstate after and We right to bring a court action to smart the non- existence of a default or any other <br />defense of Borrower to acceleration and dale. If the defsa t Is net cured on or before the date speeided in the notice, Lander <br />M tear option MY require Inamedlele payment in fall of all sums esnred by this Security Instrument without further <br />demand and mazy Invoice the power of ads and say other reasedica permitted by applicable law. Leader shall be entitled to <br />COMM W CIPMU hauTsd in wing the remedies provided in this paragraph 19, Including, but not limited to, <br />NJ 8 attorneys' fees and cosu of title evidence. <br />It the power of sale Is invoiced, Trustee dull record it sales of default in each county In which any part of the <br />Property le located and shall mail of such notice in the manner prescribed by applicable law to Borrower and to the <br />other person prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />arle to the person and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall all the <br />Property at public auction to the higher bidder at the time and place and under the terms designated in the notice of sale In <br />one or more parcels and in any order Trustee detemines, Trustee may postpone sale of all or any parcel of the Property by <br />Public Asslouncement at the time tend 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 fetes 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. 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. Re:onveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />recd vey 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 address <br />which is the Property Address. Borrower further requests that copies of the notice of default and notice of 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 rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />C] Adjustable Rate Rider [-] Condominium Rider 2-4 Family Rider <br />Graduated Payment Rider F-1 Planned Unit Development Rider <br />® Other(s) [specify] VA Guaranteed Loan Rider <br />BY SIGNING BELOW, Borrower accepts and agrees to the t ms and cove nts smtained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded wit it. <br />dzl.° jr <br />Da by D , ubbs <br />S .. Y1�Dubbs.... ?: .. ............................... (Seal) <br />Vick — Borrower <br />13raTS of NtssaAStu ......................... Hall .. County as. <br />On this .......... S.th........... day of ....0.6ZQb*.r......... 18.87..., before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came ..................................... ............................... <br />_R x,.I),,,,Dubbs,.and Vicky L. Dubbs, husband and wife. to me known to be the <br />................ .............. .. ........................... <br />feted person (s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execu- <br />tion thereof to be ....................their voluntary act and deed. <br />. ............................... ............................... <br />in said county, the <br />Witness my head and notarial seal at ....................... Grand Island <br />.............. ............................... <br />date a <br />My Commission sutptrsa: 7 <br />r -, <br />t t�tte s. a►i E <br />Nobly Public ... <br />Opportunity /Affirmative Action Employer M /F. <br />... __ ._ .�M._.......__..___w_.�...a..�. lywa also. This Los For AchrronkAgnronll .... ___._. <br />_J I <br />
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