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201102818
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201102818
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Last modified
5/25/2011 8:54:47 AM
Creation date
4/13/2011 11:59:29 AM
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DEEDS
Inst Number
201102818
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201102�1� <br />specified in the notice may result in acceleration of the sum secured by this Deed of Trust and sale of the <br />Property pursuant to the power of sale herein granted. The notice shall further inform Borrower of the right <br />to reinstate, after acceleration, and the right to bring a court action to assert the nonexistence of a default or <br />any other defense of Borrower to acceleration and sale. If default is not cured, on or before the date specified <br />in the notice, Lender, at its option, may require immediate payment in full of all sums secured by this Deed <br />of Trust without further demand and may invoke the power of sale and any other remedies permitted by <br />Nebraska Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided <br />in this paragraph or otherwise taken to protect its interest in collateral described in this Deed of Trust or <br />enforce any provisions hereof, including but not limited to reasonable attorney fees and costs of title <br />evidence. <br />14. If the power of sale is invoked, Trustee shall record a notice of default in each county in <br />which any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Nebraska law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest <br />bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and <br />in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public <br />announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase <br />the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser a Trustee's <br />Deed conveying the Property. Trustee shall apply the proceeds of sale in the following order: (a) to all <br />expenses of the sale including, but not limited to, Trustee's fees as permitted by Nebraska Law and <br />reasonable attorney fees; (b) to all sums secured by this Deed of Trust; and (c) any excess to the person or <br />persons legally entitled to it. <br />15. As additional security for the Debt, Borrower hereby assigns all rents, issues and profits of <br />the Property to Lender. Upon acceleration under paragraph 13 or abandonment of the Property, Lenders (in <br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and <br />manage the Property and to collect the rents of the Property, including those past due. Any rents collected <br />by Lender or the receiver shall be applied first to payment of the costs of management of the Property and <br />collection of rents including, but not limited to, receiver's bonds and reasonable attorney fees, and then to <br />the sums secured by this Deed of Trust. <br />16. Upon payment of all sums as herein provided, Lender shall direct Trustee to reconvey the <br />Property and shall surrender this Deed of Trust and the Debt secured hereby. Trustee shall reconvey the <br />Property without warranty and without charge to the persons legally entitled to it. <br />17. Lender, at its option, may from time to time remove Trustee and appoint a successor Trustee <br />by an instrument recorded in the county in which this Deed of Trust is recorded. Without conveyance of the <br />property, the successor Trustee shall succeed to all the title, power and duties conferred upon Trustee herein <br />and by Nebraska Law. <br />18. Borrower requests that copies of all notices provided herein be sent to Borrower's address <br />hereinabove indicated. <br />IN WITNESS WHEREOF the Borrower has signed this Deed of Trust on the date first noted <br />above. <br />� v�� � � <br />Wade Heil, A Married Person, <br />Borrower <br />\.�/ <br />cYrno� p,r2:A.t�� e <br />Tamara Bonnes Heil, A Married Person, <br />Borrower <br />3 <br />
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