86106121 - Laserfiche WebLink

Browse

. _ _ .. . _. _ ._ _ ..., F7 86 106121 NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows 19. Acceleration; Remedies. Leader 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 app8rabie law provides otherwise). The node shill specify: (a) the default; (b) the action required to care the default; (c) a date, nt lm'tbM 36 days from the nine it* notice In given to Borrower, by wkkb the default must be cured; mad (d) that 11011me to Care the defrrh on or before the doe spKMW in the Notice may resoN in acceleration of the saws secured by Ibis Sec*NY ft*umeut and 'sole of the Property. The notice droll fnrtlW Infora'Borrower of the right to reinstate after aeesleroYan and die right to bring s' court action to mew the, `nonstdsteaoe at 's defseiN or'any other defense of Bormwer to aatelsr tiM Sad '`sale. n the delnrN is not erred on or before the doe specified' in the notice, Lender of its' option may r 4a,r imotidWe payment In fall of all suns 'secured by this'Secnrity Instrsumm! without further demand nod say invoke the power of sale' W my other reeled, , permitted by applicable law. Lender shag be entitled` to eogecl all expenses barred In prretting the o I Provided in tlils paragraph 19, Includlng, but not Bmited to, reasonable attorney's fees and costs of tlBe- evtdencs. Hire (tower of sale Is htvoked, Tnfte shah record a notice of defaalt IN each county in which any part of the Properly In "Neoed OW shall null copier of such Notice in the moaner prescribed by applicable law to Borrower and to the odur P FesrMed by applicable law. After the dare required by applicable law. Trustee shall give pubbe notice of sale so the persons mad he the manner prescribed by applicable haw. Trustee. without demand on Borrower, shah sell the Property of pubic" auction to the blglsst bidder at the time and place sad under the terms designated in the notice of seek in one or more par, h and in any order Trustee determines. Trustee my postpone seek of all or any parcel of the Property by public anounameat at the time and pierce of any previously scbduled sale. Lender or its designee may purchase the Property at any sale. Upon receW of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The radials In the Trustee's deed shall be prima facie evidence of the truth of the statements made thereia. Trustee shall up* me proceeds of the sale in the following order: (a) to ON expenses of Ike sale, including, but not limited to, Trustee's fees as permuted by applicable law and reasonable attorney's fees; (b) to all sums secured by this Security Instrument; and (c) any neon to the person or persons kgally eadded to it. 20. Lender In Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed 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 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 attorney's fees, and then to the sums secured by this Security Instrument. 21. Reeomveyauce. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons Legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is 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 Nodees. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. U. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)) ❑ Adjustable Rate Rider ❑ Condominium Rider 2-4 Family Rider ❑ Graduated Payment Rider Planned Unit Development Rider ❑ Other(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. A� 4 (Seal) Rick A. Fi la �) (Seal) Sheila T. Fila ISP. arm. The Lee For Ackw,ledsme l STATE OF Nebraska COUNTY OF Hall ISS: the undersigned a Notary Public in and for said county and state, do hereby certify that Rick A. Bila and Sheila T. Fill Personally appeared ( g informed of the contents before me and is (are) known or proved to me to be the person s) who, being of the foregoing instrument, have executed same, and acknowledged said instrument to be their free and voluntary act and (h,. hm she j deed and that they _ executed said instrument for the purposes and uses therein set forth. t►,. ,1,,, eh,rt Witness my hand and official seal this 23rd day of October _ 19 86 My Commission Expires: h G(IN 0 NOfA6Y SA of W01y G (1ra1) OENIfE KAY LOMf11Y otary Public MY foam. E4 ws >~ tri This instrument was prepared by___