201009788 - Laserfiche WebLink

Browse

201009788 NON-UN[FORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleratiun; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this 5ecurity Instrument (bat not pripr to acceleration under Secfion 18 unless Applicable L�w provides otherwise). The notice 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 Barruwer, by which the default must be cured; and (d) that failure to cure the default an or befare the date speci�ed in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. 'i"he notice shall further inform 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 �►nay invoke t�e 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 Secfion 22, including, but not limited to, reasonable attarneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in cach coan�ty in which any part of the Property 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 tirne required by Applicable Law, Trustee shall give public notice of sale to the persons and in the nnanner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated ln the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of �ll or any parcel of the Property by public announcement at the time and place of any previuusly 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 thc purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima tacie evidencc of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of e�ercising 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 secured by thas Security l.�strument; and (c) any excess to the person ur persons legally entitled to it. 23. :Reconveyance. Upon payment of all sunns secured by this Securrty instrument, Lender shall request Trustee to reconvey the Property and shall surrez�der this Security Instrument and all notes evidenci.og debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person ar persons shall pay any recordation costs. Lender may charge such person or persons a fee for xeconveying the Property, but only if the fee is paid to a third party (such as the "I'rustee) for services rendered and the charging of the fee is perinitted under Applicable Law. 24. Sabstitute Trustee. Lender, at its option, may from time to time remove T. rustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which thrs Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. 2200066269 D v6ANE NEBRASKA - Single Family - Fannle Mae/Freddle M�c UNIFORM IN57RUMENT WITH M S �-BA(N� Iostol Pege 13 of 15 �n�tie�s: (�,� Form 302$ 11p1 <a� "7►� �f