|
A
<br />NoN- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as foll ws8"` 002360
<br />19. Acceleratioa; Remedies, Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable taw provides otherwise) The notice shall specify: (a) the default; (b) the action required to cure the
<br />j' default; (c) a date, not Ieas than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this 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 sale. If the det'ault is not cured on or before the date specified in the notice, Lender
<br />{= at its option may require iarmediatt payment in full of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any 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 and 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. After the time required by applicable law, Trustee shall give public notice of
<br />sale 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 under the terms designated in the notice of sale in
<br />one or more 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 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 in Possession. Upon acceleration under paragraph 19 or ihandooment 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. An) rents collected h) Lender or the receiver
<br />shall he 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 1x-)nds and reasonahle attorneys' fees, and then to the sums secured by
<br />this Security Instrument.
<br />21. Reconveyance. (:Pon payment of all %aim% secured by this Security Instrument. Lender %half request Trustee to
<br />reconvey the Property and %hall surrender this Security Instrument and all note, evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the Person or persons
<br />legally entitled to n. Such Person or persons shall pay any recordation cost%
<br />22. Substitute Trustee. Lender, at its option. may from time to (line remo.e Trustee and appoint a successor trustee
<br />loany Truster appointed hereunder by an Instrument recorded in the counts in which this Securnv hasirunient is recorded.
<br />Without conveyance of the Property, the successor truster shall succeed to all Cite title. power ;and dune% conferred upon
<br />Trustee herein and h) applicable law
<br />23. Request for Notices. Borrower requests that copies of the notices of default and %ale be %ent to Borl'ouer's
<br />address which is the Property Address. *CONTINUED BELOW
<br />2d. Ride to this Scurity instr ument. if one or mo re riders are executed b y 13oirr,>ucr ;and rccc, riled iogctlier with this Securiy instrument, the covenants and agreement% of each %ach rider shall hr niarporated
<br />uxc, and %hall ;amend and
<br />supplement the cmenanr% and agreements of this Security In%trumcni as i; the rider(%, sere a part of this srcunry
<br />Instrument (Check apphcabie hox(esq
<br />x, .Adjustable Rate Rider
<br />Condominium Killer
<br />-- 3 Family Rrcicr
<br />Graduated Payment Rider Planned Unit M%elopnteni Rider
<br />_- Other(s) IsMifyj
<br />By Sic %1N( BFtr)u Borrower accepts and agrees to the terms and .o.cnant% ,retained m this Secunh
<br />Instrument and in any rtder(s) executed by Borrower and recorded with if
<br />DevId I Seal)
<br />l
<br />Kathy Stoddard d V4�ea11
<br />__..... . �__..._ - lice Below TMa Line For Acknowledifmem] _
<br />Harrower further requests that copies of the notice of default ,en(l noti,,v ,>f i aIe I)c
<br />Font to catch leer %on who it ,a party hereto :at th
<br />herein. e address of such Persura �:ct f11rth
<br />S'A'TE, (or NEBRASKA.. Ilall
<br />0n this 15th tiny aw:
<br />day of "'lay
<br />i9 M5 „ before me, the u.uierrtign(vl, ,a Notary I'tahPi(
<br />dilly runt rat -4ssioned and quaaliti(.ql for said county, pcmtonally tame .
<br />David J. StvddaTd pnd Kg�hy Stoddard, }waban and WA''e, tne i ntical fwarskon(w) whim" name(s) or(- dubscribe�d to foregoing instri.nnrltl and acknowledgetltthe vxvvua
<br />Lion thereof to be their
<br />voluntary act and dt*(ad.
<br />. u _
<br />Wilra my hand and notarial moral nt. f;rami l3i;arxl,
<br />+1€*te• s,I(ira girl• _ ut nnitl swan! y. t hc
<br />NTy Canrirrii n... (.x rir a
<br />IIfaNMt attrtav � Mete ail tplwtM
<br />tel' GntNtty I� MkT BI. 11M � ,. . ,
<br />',dual F•lnrPh,ynunt (iP;�(hinr.„ � ?hrrsuatni,
<br />100
<br />1
<br />
|