86100663 - Laserfiche WebLink

Browse

F tiny -L',i ., ,K%A Ct VENANTs Borrower and Lende* further covenant and agree as follows. 19. Acceleration; Remedies. Leader swill give notice to Borrower prior to aeration following Borrowers breach of any covenant or apwmwm le tba Secm3r3 lnstrwmmot (but not prior to acceleration under peragraPid, 13 sad 17 unless applicable law provides otbe•wbte). The notice shall fpeeifF (a) the default (b) the action required to care the _•faulv , a date. not less than 30 days from the dam the notice is given to Borrower, by why the default must be cured; and ida tart failure to cure the default an or before the date specified is the notice may result in acceleration of the sums secured by this Security instrument and sale of the Property. The notice shall fwther Mors Borrower the right to reinstate after acceleration and the T** to bring a court neaten to Stmet the non-existence of a default or any' other defense of Borrower to acceleration and sale. If the aldsdt is not cared Door before the date specified in the aotice. reader in its option may require immediate payments fall Of all seers seem by this Security Instrument without further demand and may invoke the power of sale and nay other rraredies perndtted by applicable leer. Leader shill be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 39, including, but unit limited to, reasonable attorneys' fees sad coats of title evidence I f the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of lice Propery is located and shall cull copies of such notice in the manner prescribed by applicable law to Borrower 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 =saw prescribed by applicable 1sx'. Trustee, without demand on Borrower, shall sell the Property at public auction to the bighest bidder at the time mod place and undo the temrs designated in the notice of sale in one or more parcels and in nay order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in rbe Trustee's deed shall be priors facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the saw in the following order: (a) to all expenses of the sate. including, but not limited to. Trustee's fees as permitted by applicable taw and reasonable attorneys' fees: (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lender in Possession. Upon acceleration under paragraph 1Q or abandonment of the Propert y. Lender tau person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and mana,. she Property and to collect the rents of the Property including those past due. Any rents collected b}' Lender or the receiver ,hail 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 attorneys' fees, and then 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 ail 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 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. Bequest 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 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 be 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 Secunty Instrument. [Check applicable box(es)] Condominium Rider 2 Family Rider Adjustable Rate 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 Instrument and in any rider(s) executed by Borrower and recorded with it. °^',...... ............ (Sea]) Arnold C. Wenn —Bo,� r ........ (Seal) Linda C. Wenn STATE or NEBRASKA. County sS: On this 5th day of February 19 86. heiore me, the undersigned. a Nolan Pubhc duly commissioned and qualified for said county, personally came Arnold C_ Wenn and Linda C. Wenn, Husband and Wife io me kno%%n io be the identical person(s) whose names) are subscribed to the foregoing instrument and acknowledged the execution thereof to he their voluntary act and deed. Wi s „.1. . . t Grand Island _ in ;aid count}. the date of es ' msuar-suuwm.wau. WILIMM t. Me tFI t AN _ 9f8 i.f/ REQL ES7 FOR RE-C 0',:N Ul A'NCL a� Tel Tel- ,Tr: ! 1. _. .,.c E _. 't1•, 'I.�lil. . .iii' nil': in iii el -.:I e=1 , 'h'' Il': c'J ... �.l'i� . -1, —:n all ,.(T7.. ,..r,": h..c. ... .u:.