Laserfiche WebLink
<br /> <br /> <br /> 201009598 <br /> <br /> <br /> Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to <br /> Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents <br /> shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property <br /> shall terminate when the debt secured by the Security Instrument is paid in full. <br /> 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender may invoke the power <br /> of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing <br /> the remedies provided in this Paragraph 18, including, but not limited to, 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 Property is <br /> located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons <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 on Borrower, shall sell the Property at public auction <br /> to 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 <br /> order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br /> and 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, not to exceed .5000 % of the principal amount of the note at the time of the <br /> declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security <br /> 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") (12 U.S.C. 3751 et Leg.) by requesting a foreclosure commissioner designated under the <br /> Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive <br /> the 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 to reconvey <br /> the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to <br /> Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. <br /> Such person or persons shall pay any recordation costs. <br /> 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any <br /> 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 for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which <br /> is the Property Address. <br /> 22. Riders to this Security Instrument. If one or more riders are executed by Borrower 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. <br /> [Check applicable box(es)] <br /> ❑ Condominium Rider ❑ Growing Equity Rider <br /> ❑ Planned Unit Development Rider ❑ Graduated Payment Rider <br /> ❑ Other(s) <br /> [specify] <br /> GV2171-7 (696) Page 7 of 8 FHA Nebraska Deed of Trust <br /> IIIII IIIII IIIII IIIII IIIII IIIII 111111111111111 1 1 0 1 2? 8 6 9 1 G V 2 1 7 1 <br /> :VL <br /> <br /> <br /> 'V <br />