86101658 - Laserfiche WebLink

Browse

F 86- 101658 Noti- U%'lFORM COVENA`'rs. Borrower and Lender further covenant and agree as follows: 19, Acceleration; Remedies, Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless applicable law provides otherwise). The notice shall specify: (a) the default; ib) the action required to cure the default: (c) a bate, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured: and (d) that failure to care the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security instrument and We of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other defense of Borrower to acceleration and sale. if the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and coats of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable Ia ». After the time required by ape;icable 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 sell the Property at public auction to the highest 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 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 the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law 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 lr+ or abandonment of the Property. Lender (m person, by agent or by judicially appointed receiver) shall he 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 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 Burn, secured h_c I his Security Instrument. 21. Reconveyance. Upon payment of ail sums secured by this Security Instrument. Lender shall request Trustee to reconvey the Property and shall surrender this Securer; instrument and all notes evidencmu, debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property u ithout warranty and without charge to the person or persons legally entitled to it. Such person cr persons shall pay any recordation cosh 22. Substitute Trustee. Lender, at its option, may from time to time remot e Tnutce and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the cc)unty in which this Securer. lnstnarnent a 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. lorrower requests treat cnptes A the TintliCS of default and sale be sent to Borrower's address which is the Property Addres•;. 24. Riders to this Security Instrument. If one or more riders are c-,el uteri by Borrower and recorded together with this Security Instrument, the covenants and ayreernents cif each such rider .hall he inloiporated into and shall :amend and supplement the covenants and agreements of thi, :Secunn Instrument <<, it the ridcr(,i were a part of this Security Instrument. ICheck applicable hoot es i Adjustable Kate Rides Condominium Ridci -J Feniily Rider Graduated Payment Rider Planned tn;i i)evriopment Rider Others) (specifNI Acknowledgement ctnent By SuiwE ; BtL(iw, liorr,ucr accept, and agrees t.t the tcrrtis Mid c,.rn;uits .<nta;neci In this Security Instrument and to ant nderts) r.Rrcuted 'ny Borrower and recoscd !h i! i Sea 1) odney _Lja rsten -e: •"P. Stephanie S. K.'irsten ao ,wv ISpxe 6 40. TMs L,ne Fpr AcM.a "gmem! STATE OF \i itraska COUNTY OF: . Ha L.1 .. .. . S`' The foregoing ii :c!rufaent uas ar'wnowle,aE :c+i hef,re me this 3rd day of A.) r i.I , 11)8b ................ d:ue1 by .... �ndttev L. Karsten clod S[e :phantic S. Karstun, husband rand •Nile . . ........... ...... l +crson(s) ackr owledging) My Cntnrnis%wit pir RK,;1A R w#GLR y1 (VAT.)