201009022 - Laserfiche WebLink

Browse

�oiooso22 NON-UNIFORM COVENANTS. Boan and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Sorrower's breach ot' any cavenant or agreement in this Security Instrument (but not prior to acceleration under Section 1$ unless Applicable Law provides otherwise). The natice shall specify: (a) the default; (b) the action required to cure the default; (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 default on or before the date specified in the notice may result In acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the rIght to bring a caurt 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 specified in the notice, Lender at its aption may require i►nmediate payment in full of all sums secured by this Secuarity Instrument without further demand and ntay Invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entItled to collect all expens@s incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale js invoked, Trustee shall record a notice of deFault in each county in which any pa�rt of the Property is located and shall mail copies of such notice in the manner prescribed by A�plicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicabl� Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction ta the highest bidder 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 determines. Trustee may postpone sale of all or any p�rcel of the Property by public announcement at the time and place of any �reviously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt oF payment of the price b�d, 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 m�ade therein. Trustee shall apply the proceeds nf the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secared by this Security lnstrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, L,ender sha11 request Trustee to reconvey the �roperty and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shal l reconvey the Property without warranty to the persan or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or pexsons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for serv�ces rendered and the charging of the fee is permitted under Applicable Law. 24. Substitate Trustee. L.ender, at its optivn, may frorr� tinne to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the counCy in which this Security Instrurnent is recorded. Without conveyance of the Property, the successor trustee shall succeed to a11 the title, power and duties canferred upon 'I'rustee herein and by Applicable Law. 25. Reqaest for Notices. Borrower requests that copies of the notice of default and sale ba sent to Borrower's address which is the Property Address. NEBRASKA--Single Family--Fennie Mae/Freddle Mac UNIFORM INSTRUM�N7 !)ocMagic �� soo-sas-�sez Form 3028 1/01 Page 9 of 1 1 www.docmegic.com Ne3028.docxml