Laserfiche WebLink
<br /> M r <br /> <br /> 0 19 <br /> <br /> the right to bring a court action to assert the nonexistence of a default or any other defense of <br /> Borrower to acceleration and sale. If default is not cured on or before the date specified in the <br /> notice, Lender, at its option, may require immediate payment in full of all sums secured by this <br /> Deed of'frust without further demand and may invoke the power of sale and any other remedies <br /> permitted by Nebraska Law. Lender shall be entitled to collect all expenses incurred in pursuing <br /> the remedies provided in this paragraph or otherwise taken to protect its interest in collateral <br /> described in this Deed of Trust or enforce any provisions hereof, including but not limited to <br /> reasonable attorney fees and costs of title evidence. <br /> 15. If the power of sale is invoked, Trustee shall record a notice of default in each county <br /> in which any part of the Property is located and shall mail copies of such notice in the manner <br /> prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the Property at <br /> public auction to the highest bidder at the time and place and under the terms designated in the <br /> notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone <br /> sale of all or any parcel of the Property by public announcement at the time and place of any <br /> previously-scheduled sale. Lender or its designee may purchase the Property at any sale. <br /> Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser 't'rustee's <br /> Decd conveying the Property. Trustee shall apply the proceeds of sale in the following order: <br /> (a) to all expenses of the sale, including but not limited to Trustee's fees as permitted by <br /> Nebraska law and reasonable attorney fees; (b) to all sums secured by this Deed of Trust; and (c) <br /> any excess to the person or persons legally entitled to it. <br /> 16. As additional security for the Debt, Borrower hereby assigns all rents, issues and <br /> profits of the Property to Lender. Upon acceleration under paragraph 13 or abandonment of the <br /> Property, Lender (in person, by agent, or by judicially appointed receiver) shall be entitled to <br /> enter upon, take possession of, and manage the Property and to collect the rents of the Property, <br /> including those past due. Any rents collected by Lender or the receiver shall be applied first to <br /> 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 attorney fees, and then to <br /> the sums secured by this Deed of `[gust. <br /> 17. Upon payment of all sums as herein provided, Lender shall direct Trustee to <br /> reconvey the Property and shall surrender this Deed of Trust and the Debt secured hereby. <br /> Trustee shall reconvey the Property without warranty and without charge to the persons legally <br /> entitled to it. <br /> 18. Fender, at its option, may from time to time remove Trustee and appoint a successor <br /> "trustee by an instrument recorded in the county in which this Deed of "Trust is recorded. <br /> Without conveyance of the property, the successor 'trustee shall succeed to all the title, power, <br /> and duties conferred upon Trustee herein and by Nebraska Law. <br /> 19. Upon request of Borrower, Lender may, at its option, make additional and future <br /> advances and re-advances to Borrower. Such advances and re-advances, with interest thereon, <br /> shall be secured by this Deed of Trust. At no time shall the principal amount of the indebtedness <br /> secured by this Deed of Trust, not including sums advanced to protect the security of this Deed <br /> of Trust, exceed the original principal amount stated herein, or $30,000.00, whichever is greater. <br /> 20. Borrower requests that copies of all notice provided herein be sent to Borrower's <br /> address hereinabove indicated. <br /> IN WITNESS WHEREOF the Borrower has signed this Deed of Trust on the Date first <br /> noted above. <br /> <br /> <br /> I eodore D. Cost 1 <br /> <br /> <br /> STATE OF NEBRASKA ) <br /> ss: <br /> COUNTY OF HALL ) <br /> The foregoing Deed of Trust was acknowledged before me effective as of the 11"' day of <br /> December, 2009, by Theodore D. Cost 111, a single person. <br /> <br /> EAOft <br /> Notary Public <br /> so is ~ WHO <br /> Vim ~ <br /> 1775-7/258688x2 <br /> 3 <br />