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87106907
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Last modified
10/19/2011 3:18:19 PM
Creation date
3/27/2008 3:11:41 PM
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DEEDS
Inst Number
87106907
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$7-- 106907 <br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not leas than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />nd <br />a(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 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 sale. 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 full of all sums secured by this Security Instrument without further <br />demand atsd may invoke the power of sale and any other remedies permitted by applicable law. fender shall be entitled to <br />collect all expenses incurred in pursuing 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 located 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 manner 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 designated 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; (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. 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. <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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 2-4 Family Rider <br />❑ Graduated Payment Rider ❑ Planned Unit Development Rider <br />® Other(s) [specify) Acknowledgement <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 record71"2, <br />... :S ...........4c <br />(Seal) <br />Dorson L. Sawyers — Borrower <br />......................................................... I.............................. / .`-.�.-."�'•`'- _ . :............... (Seal) <br />Karla Jo S ers a — Burrower <br />STATE OF NEBRASKA, Hall County Ss: <br />On this 20th day of November 19 87 before me, the undersigned, a Notary Public <br />duly commissioned and qualified for said county, personally came Dorson L. Sawyers and Karla Jo <br />Sawyers, Husband and Wife ---------------------- - ------------------- to me known to be the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution <br />thereof to be their voluntary act and deed. <br />Witness my hand and notarial seal at Grand Island, Nebraska in said county, the <br />date aforesaid. <br />My Commission expires: <br />c <br />xoKww4wslkkK4 ............................... <br />w fins 6tg Is[ 11t 1!! <br />REQUEST FOR RECONVEYANCEy nary Public <br />The undersigned is the holder of the note or notes secured by this Deed of' Trust. Said note or notes, together <br />with all other indebtedness secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said <br />note or notes and this Deed of 'Trust, which are delivered hereby, and to reconvey, ssithout ssarrtnty, all the estate <br />now held by you under this Deed of Trust to the person or persons legally entitled thereto. <br />S <br />Date: <br />
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