|
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 enfor.:ing 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 />trot 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 />Deed of Trust. Leader's interest in the Property and Borrower's obligation to pay the sums secured by this Dad 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 />It. Aa�eall of lima-, Ap/afdtwnK of Rw&w. Leader In rememdea. As additional security hereunder, Borrower hereby assigns to
<br />Lender the rents of the Property, 'provided that Borrower shall, prior to acceleration under paragraph 18 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 19 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 collated by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of
<br />rett)s, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the stuns secured
<br />by this Deed of Trust. Lender and th.e receiver shall be liable to account only for those rents actually received.
<br />21. Folare 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 Trust, 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. S 13,500.00. .
<br />22. Reeonveyeam. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey 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, if any:
<br />23. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to 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 the 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 />25. 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 />K R. FRAP O W
<br />ER RUDE L. FRA ROWER
<br />STATE OF NEBRASKA, HALL County ss:
<br />On this —31St day of tUl y 19 9_ . before me, the undersigned, a Notary Public duly
<br />commissioned and qualified for said county, personally came Keith R. Franke and f prtrudp I Franke, huchand
<br />and wife each in his and her owlJ ri Hilt and ac spouse of the. nthpr ,tome known tobethe
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be
<br />voluntary act and deed.
<br />Witness my hand and notarial seal at __ Grand Island, Idehra s ka _ _ in said county, the date aforesaid.
<br />My Commission expires: 2 3 i1
<br />IX1EMlMtMR- itMSataNnsls - ;����NOTAkYPU LIC. DEBORAH L KIMBLE
<br />M► gatra. FaV. Nov. 23,1987
<br />REQUEST FOR RECONVEYANCE
<br />TO TRUSTEE:
<br />The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness
<br />secured 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 />entitled thereto.
<br />Date: - -- - - -- - --- - — - - - - -- - - - -- - -- - - — -- — -- -- -- - - - --
<br />(Space Below This Line Reserved For Lender and Recorder) C0
<br />co M
<br />..,f � —L> � � �� Q
<br />V = r
<br />0 N
<br />CD
<br />�• , C
<br />
|