|
Advances, if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in
<br />this Deed of Trust; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing the covenants and agreements of
<br />Borrower contained in this Deed of Trust and in enforcing Lender's and Trustee's remedies as provided in paragraph 18 hereof, including, but
<br />r not limited to, reasonable attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this
<br />I Deed of Trust. Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Deed of Trust shall continue
<br />unimpaired, Upon such payment and cure by Borrower, this Deed of Trust and the obligations secured hereby shall remain in full force and
<br />effect as if no acceleration had occurred.
<br />20. As ipoent of Re"; Appolntweat of Receiver, leader in Possession. As additional security hereunder, Borrower hereby assigns to
<br />Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph IS hereof or abandonment of the
<br />Property, have the right to collect and retain such rents as they become due and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in person, by agent or by judicially appointed
<br />receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past
<br />due. All rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of
<br />rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured
<br />by this Deed of Trust. Lender and the receiver shall be liable to account only fur those rents actually received.
<br />21. Future Advances. Upon request of Borrower, Lender, at Lender's option, prior to full reconveyance of the Property by Trustee to
<br />Borrower, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this Deed of Trust when
<br />evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by
<br />this Deed of Tract, not including sums advanced in accordance herewith to protect the security of this Deed of Trust, exceed the original amount
<br />of the Note plus U.S. $ 7 00.00 __. -.
<br />22. Reconveya*ce. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to recenvey the Property and
<br />shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the
<br />Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of
<br />recordation, ifany:
<br />2. 1. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee t3 any Trustee
<br />appointed hereunder by an instrument recorded in the county in which this Deed of Trust is recorded. Without conveyance of the Property, the
<br />successor trustee shall succeed to all the title, power and duties conferred upon tiie Trustee herein and by applicable law.
<br />24. Request for Notices. Borrower requests that copies of the notice of default and notice of sale be sent to Borrower's address which is
<br />the Property Address.
<br />23. Borrower further requests that copies of the notice of default and notice of sale be sent to each person who is a party hereto at the
<br />address of such person set forth herein.
<br />IN WITNESS WHEREOF, Borrower has executed this Deed of Trust.
<br />RICHARD W. SCHMIDT BORROWER
<br />s
<br />MARL NE A. SCHMIDT BORRO ER
<br />STATE OF NEBRASKA. .. - - -- ---- HSiLj - - -- - - - -- ------------ .Countyss:
<br />On this _— 2nd day of Aj)�i1 _ ------ 1985__— , before me, the undersigned, a Notary Public duly
<br />commissioned andqualit iedforsaidcounty ,personallycame -- -RLCHARa- -- S(- Hr1TQT ARE )1ARI ENF A,S�jD--
<br />HUSBAND AND- WIEE--------- ---- - - - - -- ------ - - - - -- - - - - - - -^ -- to known to be the
<br />identical person(s) whose name(s) are suhscribed to the foregoing instrument and acknowledged the execution thereof to be their
<br />voluntary act and deed.
<br />Witness my hand and notarial seal at _ dilrj �S -j d old------ __ —___ in said county, the date aforesaid.
<br />My Commission expires
<br />aENflMlttOTItRY- fr�trtdaslr��Ya� C,f.h.j��� -✓ /'G�, {jnC /,..
<br />ANDREWMCCUMBER --L —y- UBLI_— --
<br />�1� NOTAR PUBLIC
<br />0 REQUEST FOR RECONVEYANCE
<br />TO TRUSTEE:
<br />'! The undersigned is the holdgr of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness
<br />Osecured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are
<br />delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally
<br />.4 entitled thereto.
<br />X
<br />D
<br />Date: - -- — -- - - -
<br />C.•t_,
<br />iSpace Below This Line Reserved For Lender and Recorder)
<br />u1
<br />
|