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86104018
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86104018
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Last modified
10/18/2011 2:08:05 PM
Creation date
3/31/2008 2:50:28 PM
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DEEDS
Inst Number
86104018
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86- 104018 <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Aeceiers"W Remedies, Leader shall give notice to Borrower prior to acceleration following Borrower's <br />breach of say eovemust or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />maims applicable law provides otherwise). The notice diatl'specity: (a) the default; (b) the action required to cure the <br />ddt sit; (e) s Ante, not less thus 30 days from the dune the notice Is given to Borrower, by which the default must be cured; <br />and (d) that failure to the def ak on or before the date specified in the notice may result in acceleration of the sums <br />secured by Ads Security Instrument mid ask of the Property. The notice shall further inrorm Borrower of the right to <br />reinstate after sceeleratiom amid the right to bring a court action to avert the non - existence of'a:detsult or any other <br />defense of Borrower to acceleration sad sale. It the defauk is`n of cared on or before the date specified in the notice, lender <br />at its 4He May ratluire iraniediate payment In full of all slims secured by this Security Instrument without further <br />'And may invoke the power of sale and any - otber remedies permitted by applicable taw. Leader shall be entitled to <br />collect a0 expesses incurred in parsoft the remedies` provided' in this paragraph 19, including, but not limited to, <br />rwsortaile sttorneys'; ees and catRs of title evidence <br />If the power of ask 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 taw to Borrower and to the <br />other person prescribed by applicable law. Alta the time required by applicable law, Trustee shall give public notice of <br />ask to the persons and in the wamner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Propertyst public auction to the higbest bidder at the time and place and under the terms designated in the notice of sale in <br />owe or afore 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 scWuled sale. Iender or its designee may purchase the <br />Property at my ask, <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 is 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, receivers fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveyan+ce. 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 reconvev 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 he 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 E] Condominium Rider 2 -4 Familv Rider <br />Graduated Payment Rider —' Planned Unit Development Rider <br />(_ Other(s) [specify] <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 recorded with it. <br />IN WITNESS WHEREOF, Borrower has executed ihi£fort ge. <br />(( yobert D. Alm sit) — ea >r�er <br />.. .. ............... <br />(Marcia K. Almquist) — 9orrawer <br />STATE of NEBRASKA,...... , Hall ............................... County ss: <br />On this. 8> h ...........day of ... A41,Y .... ...... 19.116. , before me, the undersigned, a Notary Public <br />duly commissioned and quaiified for said county, personally came.. RQbert. R, . E. Marcia. K..Altnquist... <br />............................. ............................... .............to me known to be the <br />identical penon(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution <br />therc-of to be .. thte)r...... .. voluntary act and deed. <br />Witness my hand and notarial seal at. ..Grand. Jslaod,..Nebraska .. in said county, the <br />date aforesaid. <br />My Commission expires: <br />rr��tl["Stt't/� Ytlt ��xa <br />
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