87105983 - Laserfiche WebLink

Browse

t $% 105083 If the power of sale is invoked, Trustee shall record a notice of default in each cotiFt� in which any part of the Property is located and shall mall copies of such notice in the manner prescribed by applicable law to narrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law, Trustee, without demand on Borrower. shall *41 the Property at public auction to the highest bidder at the time and place and under the terms "period in the notice of ask In one or more parcels and in any order Trustee determines, Trustee may postpone sale of all or any parcel frf'the Property by public announcement at the time and place of any previously scheduled sale, Lander or Ica dostrace may purglim the Property at any sale, Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trash's dead conveying the Property. Tice recitals in the Trustee's deed shall be prima facto evidence of the truth of the statenntnts made thaircla. Trustee shall apply the procturds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fecs as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this, Swarrity Instrument; and (c) any excess to the person or persons legally entitled to It. 20. Leader in Possession. Ulan 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 Properly including those past due. Any rents collected by Lender or 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, receiver's fees, premiums on receiver's bonds and reasonable attorney~ fees, and :hen to the sums secured by this Security Instrument. 21. Reconveyance. 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 Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee toany 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 ad- dress which is the Property Address. "Borrower further requests that copies of the notices of default and sale be person set forth herein." 24. Riders to this 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(es)) is ii Adjustable Rate Rider a Condominium Rider 2-4 Family Rider Graduated Payment Rider Planned Unit Development Rider Other(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security I fro at an 'n any r' er s) exec d by Borrower and recorded with it. (Seal 1 �L " al) ' - Borrower Borrower r Seal) (Seal) - Borrower — Borrower ACKNOWLEDGMENT I /We, RICHARD A. NATOUSEK and MARION E. NATOUSEK , ( "Trustor "), under that certain Deed of Trust dated October 9 th, 19 67 , ( "Deed of Trust ") to be entered into amoung Trustor, LAWYERS TITLE INSURANCE CDRPORAT10H ("Trustee") and SUPERIOR MORTGAGE, INC P.O. BOX "S ", GRAND ISLAND, HE 68902 ( "Beneficiary ") covering the following described property: LEGAL DESCRIPTION: See front Page hereby ackowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mor- tgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default of breach of obligation. Trustor Acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 9 th day of October 19 87 n n State of Nebroslts ) )ss. County of Ball ► The foregoing instrument was acknowledged before nsc this 9th day of', October ,19 87 , by Richard A. Matoueek and Marlon E. Matousek, Husband and Wife `kttoOl n:p hand and notarial scat at Grand Island n nice C'.nuny, the datr nt, resaid !s1q ronuniwsi dW_Kim Nol,tr i nhL