Laserfiche WebLink
201002783 <br />and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender nr <br />Lender's agent an Lender's written demand to the tenant. <br />Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent <br />Lender from exercising its rights under this paragraph 17. <br />Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach <br />to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of <br />rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the <br />Property shall terminate when the debt secured by the Security Instrument is paid in full. <br />I8. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the <br />power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred <br />in pursuing the remedies provided in this paragraph 1$, including, but not limited tn, reasonable attorneys' fees and costs of <br />title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which arty part of the Property <br />is located and shall mail copies of such notice in the manner prescribed by applicable law to Harrower and to the other perfom <br />prescribed by applicable law. After the time required by applicable law, Trustee, shall give public notice of sale to the persons <br />and in the manner prescribed by applicable law. Trustee, without demand an Harrower, shall sell the Property at public auction <br />to the highest bidder at the time and place and under the terms designated in the entice of sale in one or more parcels and in any <br />order Trustee determines. Trustee may postpone sale of all ar any parcel of the Property by public announcement at the time and <br />place of any 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 Trustee's deed. conveying the Property. The <br />recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the <br />proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including <br />the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by applicable law; (b) to all sums <br />secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment <br />in full under paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage <br />Foreclosure Act of 1994 ("Act") (l2 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act <br />to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the <br />Secretary of any rights otherwise available to a Lender under this paragraph 18 or applicable law. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall tecanvey the Property without warranty W the person or persons legally entitled to it. Such <br />person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, <br />but only if the fee is paid to a third parry (such as the Trustee) for services rendered and the charging of the fee is permitted <br />under applicable law. <br />20. Substitute Trustee. Lender, at its option, may fibrr- time to time remove Trustee and appoint a successor trustee to <br />any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without <br />conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein <br />and by applicable law. <br />21. Request far Notices. Bon ower requests that copies of the notice of default and sale be sent to Borrower's address <br />which is the Property address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Harrower and recorded together with this <br />Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants <br />and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)). <br />^ Condominium Rider ^ Graduated Payment Rider ^ Growing Equity Rider <br />^ Planned Unit Development Rider ^ Adjustable Rate Rider ^ Rehabilitation Loan Rider <br />^ Nan-Owner Occupancy Rider ^ Other [Specify] <br />NEBRASKA FHA DEED QF TRUST <br />NEBRASKA-HERS <br />ITEM 2898L8 (101509) <br />ABl1VY15HA,1000D414263 <br />6/96 <br />~reat0acs• <br />(Page B of 8) <br />OpOp414263 <br />