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<br /> 3508051 Ol/17/1998 """:_=— -_ -
<br /> BRIAN � LAUX KBNDRA K LAUX . -�.�r%�aa"�r�a-■�
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<br /> 9.CondannAtlon.The pnxerds i�f any uwurd ur claim for danwges. dirrct ur con.seyue�ttial, in cow�ection with a�iy • ��`�'�°
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<br /> � anxltnu�atiun ur uthrr taking uf thr Pruperty, ur part dicreof, ur fi�r cunveyaike tu Iteu c�f cot�emr�adon. uc�e hereby ��;;;.y::�.,;�;;�=_-:=.
<br /> j assigi�eJ and�liall be paid tu LendGr,,uh)�tit u+tl�e tcrn�s��f any iuongage, dee�uf tNSt i�r��titer�ccurity agreemeat wit�a � ��.
<br /> lien whic!i I�as prloriry uver�his Dced uf Trust. ?�.
<br /> 1 t0. Borrower Not Rele�.gedt �nrba►rAnce By Lender Not a WAlver. Ei�tension uf the tia�e for payment or - t;�••.
<br /> � ., ,:..��_-.
<br /> nx�diticAtiun of anwrtiwtiun uf tl�r,ums sewred by this DeeJ of Trust granced by Leixler tu any successor ia laterest of • :�, :n,
<br /> &�rrnwer,haU n�u operute to rrleax, in any n����er, die liability of d�e urigi��al B�ttrower�uW Burrower's successors in �__ _-
<br /> ,. ', � , .;:a�.--''
<br /> iuterrst.l.eixler shall nut he reyuirrJ ta u+mroeix:r pr�xerJings against sucl�succrssur or refase tu extend dtue for payment A::•�.;:F.�-_
<br /> . , : ,�,
<br /> ur utherwis�nxxlify auwttiration uf the sunu secured hy this nred of Trust hy teasun of any den�and made by the odginal : ,
<br /> � ''•' Barrow�r a�x1 &inowrr's succrss�m in i»terrst. Any finl�earance by lxixler in exercising a��y right or remedy hereunder, . =�,��;�;_-=-
<br /> '�:.�
<br /> .,.�.•� ar atherw[se affi�rdeJ hy applicahlr law.shall n��[he a waiver uf or precluae d�e exercise of a�iy sucu dght or remedy. .,�.h�.._�`���__ �
<br /> .. •� 11.Successors ar�d Assign9 Bound;Joint and Several UabiUty;Co-signers. Thr cuveuants and agreewents herein -.,s��.v_-_
<br /> contained shaQ bind,:uxl die rights hereuixter sl�aU inure to,the respective succes.u�n and asslgns of i.ender and Borrower, �;�-v,f;;r;,,.-
<br /> subject ta die provistrnts of paragraph 16 herrof. All c��ve��ants a��J agreen�euts of Borrc�wer sball be jolnt and several. :�:s?�:.,,,
<br /> : i>?`v
<br /> Any Banower who ca-signs this Deed of Trust,hut di�es not eaecute the Neite, (a) is co-signing this Deed of Trust only to , :
<br /> grnnt a��d convey diat Bonuwer's interest in the Pmperty to Trustee under tlie ternu of this Deed of Trust, (b)is not �;R�-��
<br /> persoually liahle�m the Nare ur under th3s DeeJ of Trust,aud(c)agre�that Lender and a�ry��ther Bonower hereunder
<br /> may agree ro extei�d,awdi'ty,farbear,or make any other acconu�uxlatiu�u with regard to the ternis of this Deed of Tnist or
<br /> � the Note, withaut that Borrower's cuusent and without releasing that Borrower or mcxiifyiug this Deed of Trnst as to that im"`�
<br /> Borrower's interest in tlie Property. �� s nadce to -
<br /> lZ. Notiee. Except fe�r any �iutice required under a licable law tci t�e iven in anc�dier n�r. (a) any -
<br /> . Horrower pn�vided fi�r in this 13eed uf Trust shall he given by delivering it or hy mailing such nodce by cerdfied mail �
<br /> t addressed to Bormwer at the Pmperry Addrews or at sucli other adclress as Borcower may designate by nodce to L.ender as v.
<br /> provided herein,and(b)any notice to Ixndrr shall he given by certifred n�ail to Ixnder's address stated herein or to such `'
<br /> " other address as I.ender n�ay designate by nucice to Borrower as provided hereiu. Any notice provided for in this Deed of �.
<br /> '��� Trust shall be deen�ed ta have been given to Bormwer or Lender when given in the nwnner desiguated hereiu. _
<br /> 13.Governtng I.aw; Severa6ility.The state and local laws applicable tc�diis Deed of Tn�st shall be the laws af the
<br /> .� jusIsdicdon tn wWch the Property is tocated. The foregotng sencence shall�wt linut tbe applicability of Federal law to this
<br /> Deed of Trust. I»the event thac any provtsion or clause of this Deed of Trust ur tde Note conflicts with applicable law.
<br /> suc6 wnAict shalt not affect otl►er provisioitis of this Deed of Trust��r the Nate which cu�be given effect wlthout the
<br /> conflict3ng pruvislon, and w diis end d�e provisions of thls Deed of Trust aud the Note are declared ta be severable. As
<br /> � used hereia, "costs". "expenses" a�x1 "attorneys' fees" include all sums to the eatent not prohibited by applicable law or __
<br /> _ = li.,liied he�ir,.
<br /> u 14. Borrower's Copy. 8orrower �liall be furnished a confornied copy of the Note aud af this Deed of Tcust nt the =
<br /> '� time of eaecudou ar after recordatia�hereof.
<br /> � IS. Rehabfllts►tion Loan Agre�ement. Bnnower shall fu1811 all of Bonower's obligadons under any home
<br /> rehabilitatlou,improven�ent,repa�r or other loan agreernent which Born�wer enters into wtdi Leader. L.eader.at Lender's
<br /> opdon, may require Bonower to execute anci deliver to Lender, in a form acceptable to Lender, an asslgnment of any
<br /> dgpt�,claiin�or Jefeiues wbicU Borr��wer n�ay liave against parttes who suppiy labor. n�aredals or services in connecdon
<br /> with improvements n�ade ro the Property. -.
<br /> *� 16.Tran�fer of the Property or a Beneficial lnterest in Borrower. If all or any part of the Property or any interest
<br /> In it is sold or tra�uferred (or if a beceficial interest in Born�wer is sold or transferred and Bocrower is not a natural
<br /> person)vvitliout Lender's prior written consent. Lender n�ay,at its uptiuj;,►�uirc immedtate payment in full of all sum�s
<br /> secured by this Deed of"frust. Hnwever, tliis��ption shall�u�t be exerctsed by 1-euder if eaercise is prohibited by federal
<br /> law as of the date of tliis Deed of Trust.
<br /> If Lender exercises this optlnn, Lender shall gtve Bonower notice e�f acceleration. The nndce shall provide a pedod -
<br /> 1� of not less than 30 days fr��m the date d�e notice is delivered or mailed within which Bunuwer mnst pay all sutns securcd =
<br /> � by this Deed of Trust. If Barn�wer fails to pay these sun�.ti prior te� t8e expiradon of this pedcxl. lxnder may Invoke any __
<br /> remedIes permitted by this Deed cif Trust without funl�er notice or dr.n�and uu&�rrower. f. _
<br /> • � NON-UNIFORM COVENANTS. B��rrower and Lender further covenant and agree as foliows: �- _
<br /> 17. Acceleration; Remedies. Exceps as provided in paragraph 16 hereof, upon Borrower's bresch of any �.
<br /> �r covenant or agreement oP Borrawer in th(s Deed of Trust, Includtng Boc►bwer's fallurn to pay, by the end of 10 �
<br /> • calendar days after they are due, any sums securecf by this Deed of Trust, I.ender prior to acceleration sball give �_—
<br /> notice to Borrower as provided In pwragrnph 12 hereof specifying: (1) the breach; (2) the actton reqWred to cure -� _
<br /> such breach;(3)a date, not less than 20 dnys from the date the nottce is mailed to Burrower,by whicP�such breach ,.=-__ -- - --__
<br /> m�t be cured; and (4) that failure to cure such breach on or before the date spec�fied in the nodce mAy resnit in ,4'=.�`�L
<br /> acceleration of the sums secured by thls Deed of Trust and snle of the Property The notice shall t�rthen inform �.�_ ��
<br /> :-� ��:::
<br /> Borrower of the right to reinstate af�ter accelerutton and the right to bring a court acNon to assert the nonexistence of ' � Ri� ���-_
<br /> . �:,-
<br /> a default or any other defense oP Borrower to acceleration and sale. If the brcach is not cured un or before the dete •�� {�,�_ --,; -
<br /> spec[fled tn the nottce, Lender,at L.ender's option, may deelare all of the sums secured by this Deed ot Tcust to be . '�.��.,;•
<br /> ..nr!_
<br /> Immediately due und payable without further demnnd and may Invoke the power of sale and any other remedles
<br /> permitted by appl[cnble law. Lender shail be entltled to collect all reasonable casts and expenses tncurred tn
<br /> pursuing the remedies provideci in this parngraph 17.Inclucling,but not limited to.reasonable attorneys'fees. ..
<br /> If the power of sale Is invoked.l'rustee shall record a notice of default in each county in which the Property or
<br /> some purt thereof is locnted �+nd shsll mail coptes of such notice In the manner prescribe�i by appl[cable law to
<br /> Borrower and to the other persons prescribed by appitcable law.Af�er the lapsr of such time as may!�e required by
<br /> onnlirnhlp �aw. Trustee shall atve aublic notice oF sale to the persons and in the msnner preseribed by appl[cable
<br /> _ . _ _ ---- - _ _
<br /> law.Trustee,wtthout demand on Borrower�shall sell the Property at publlc auctton to the eignes[oiaaer ai�ne iune ---°
<br /> and placr and uncler the terms designated tn the notice of sale in one or more parcels and tn such order as Tnutee �
<br /> may determine.Trustee may postpone sale of all or any parcet of the Piroperty by public announcement at the time .
<br /> � and place of nny previoi�sly scheduled sale.Lender or Lender's des�gnee mny purchase the Pcoperty at any sale.
<br /> � Upon receipt of payment of the price bid, Tnistee shall deliver to the purchaser Trustee's deed convey[ng the
<br /> ' Property sold. The recitvls in¢he Trustee's deed shall be prima fncie evidence of the tnith of the statements made
<br />: � thereln.Trustee shall apply lhe proceeds of the sule In the folto�+�tug ord,r:(u)to all rcasonahlc cn��nnd expenses of
<br /> the snle, includin�;. but not timited to. Trutitee's fees actually incurred of not more than 5 �of the gross sale prtce,
<br /> � reasonable attorneys' fees nnd costs of tltle evidence: (bl to all sums secured Uv thls Deed of'fn�s-h and (c) the
<br /> - � excess. if any.to the person ar persons legaliv ent�tleci thereto. I
<br /> > >,,z i•v� Ori i_nal Recorded) Co (Branch) Copy(Customer) Pagc 3 uf 5 I
<br /> Nclna.ka_hN g ( PY ;
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