Laserfiche WebLink
H <br />N <br />c: <br />w <br />C <br />W <br />r <br />fit <br />�i <br />24 <br />cr <br />1 <br />86-" 102579 <br />N<)x- UNIFOtt N COVFNAA+7S Borrower and Lender further covenant and agree as follows: <br />19. Aeeeleratinai Rcmedies. Lender a" give notice to Borrower prior to acceleration following Borrower's <br />breach of any coow P it or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unless sppIksble law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />defaWt; (e) a date, sot less than 30 days from the daft the ranee is given to Borrower, by which the default must be cured; <br />sad (d) ihst failure to cue the default oa or before the date specified in the notice may result in acceleration of the sums <br />secured by thin 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 stile. If the default is not cured on or before the date specified in the notice, Leader <br />at its option may require imnxdiste paynteat in full of all sums secured by this Security Instrument without further <br />demand and may invoke the power of sale and say other remedies permitted by applicable law. lender 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 sad 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. Alter the time required by applicable law. Trustee shall give public notice of <br />axle 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 wader the terms designated in the notice of sale in <br />one or nary 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 shalt 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. Leader 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 M' default and sale be sent to Borrower's <br />address which is the Property Address. *CONTINUED BELOS+' <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 boxles)] _ <br />J Adjustable Rate Rider Condominium Rider 2-4 Family Rider <br />Graduated Payment Rider Planned Unit Development Rider <br />Other(s) [specify] <br />BY SIGNING BE[-ow, Borrower accepts and agrees to the te)lis Id cove"tits contained to this Security <br />Instrument and in any rider(s) executed by Borrower and recorded <br />DAVI � A U D, I <br />.,y.... ..s ..... .. ' ......... ......... .. <br />Dav ,d- Ab and, President <br />—aor rower <br />_ ....................... ............... ............... (Seal) <br />(CORPORATE SEAL) — Bo.•o.er <br />- - -- (space Beiow TMs lane Fw Ackmwiedtmeni) <br />*Borrower further requests that copies of the notice of default and notice of sale be <br />sent to each person who is a party hereto at the address of sr.ch person set forth <br />herein. CORPORATE ACKNOWLEDGEMENT <br />4TATE of NEB&mvA ................. .— ......... ............................................... County ss: <br />On this .......... .........._. day of _.................. ........ 19........, before me the undersigned, Notary Public <br />o Dadid E. Abboud, l resident <br />�l '&Ay commissioned and qualified for said county, personally came ... .................... ............. ............................... <br />4-i <br />ate' .......................•--------•--------------------- <br />e. DA fvJ, f:. AB$tfU15 : ..... ............................... who are known to me to be the <br />41mUcal persona) whose nsme(s) are subscribed to the foregoing instrument and acknowledged the execu- <br />thereof to be ...... .................... ....................... voluntary act and deed of said <br />,, orparation. a <br />Witness my hand and notarial. seal at........ _.. _.. - . - ..- in said county, fhe � <br />(late aforesaid. <br />My Coxrunissio,t( e4p1t'cs- <br />5 ••� .. .- •.. - -. t:n3aiy YIJLyG. <br />We art, an Equal Em.ploym(nt <br />