201007630 - Laserfiche WebLink

Browse

�oioo�lE3o NON-UNIFORM COV�NANTS. Borrower and Lender further covenant and agree as follows: 22, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration Pollowing Borrower's breach af any covenant or agreement in this Security L�,strument (but not prior to acceleration uuder Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; @) the action required to cure the defaWt; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the defaWt on or before the date speci�ed in the natice may resWt in acceleration of the sums secured by ttus Security Instrument and sale of the Property. The notice shall further inPorm Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence oF a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date speci�ed in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Se.ction 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Pcoperty is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall �ve public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without de�nand on Borrower, shall sell the Property at public auction to the highest hidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determin�,s. Trustee may postpone sale of all or any parcel of the Praperty by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following arder: (a) ta aA costs and expenses of exercising the power of sale, and the sale, including the payment oP the T�ustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment af 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 Instruznent to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordatian costs. Lender may charge such person or persons a fee for reconveying the Property, but onlq if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is pernvtted under Applicable Law. 24. Substitute Trustee. L.ender, 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 af the Property, the successor trustee sh�ll succeed to all the title, power and duties conferred upon Trustee herein and by Applicable I.aw. 25. Request for Notices. Borcower requests that capies of the notice of default and sale be sent to Borrower's address which is the Property Address. (J� v NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT QpC�/ag%C � 800-849->362 Form 3028 1/01 F'age 9 of 1 1 www.docmag�ic.com Nn3628.dot.zml