|
, �-:.�;:::�� . _ � � �:.
<br /> -=--�-- - , — ;—=�.T - ` -'- - - � � ,f.,
<br /> - _._......� ` _ �� �._:`.<.-.. . . .� .��.�_ ` .��`�_. °' - . ""
<br /> � . . .. ♦ • � ' •y` ` ..
<br /> � . .r' (POge 4 Of S� '�a >.:-._
<br /> `� ` :v � � �` fi �����4 �� F' �. . :
<br /> owner af the property. (h)a ttan.der iato an intet v�vas uust in wluch the Bonower is and remains a bene�iciary and , •
<br /> ,_ �. �`� � which does not relata to e trans�er of rights of occugaacy in the pro�rty,or(i)any other transPer or dispas'stiou , . ' .
<br /> _ � described in regutations pres�cibed hy the Federal Home Loaa Bank Board Borro�ver shall cause w 6e submitted ' .'�> ' � .
<br /> . :<.. , :
<br /> • � ` inform�tion required by Lender to evaivate the transFeree ss if a new loan�vere being made to the transferee. Sotsowec ; .
<br /> � ` Hill continue ta be obligated tatder the l�iot�and ttus DeEd af Ttust unlesq Lendet releases Borrower in writing,
<br /> � ' � � It Lender doea not agree to such sale or transfer,L�sader may declare all of the sums secured by ttus Deed of Trust t�
<br /> � " _ ` ��� be immediately due and payable. If l.euder exercises such option to accelerate. Lender shall mail Borrowet notioe of � -
<br /> - � _ � atccelecation in accordance with paragraph 12 Aereoi.Such notice shall provide a geriod of not less then 30 days fmm the , - ; �, '
<br /> _ ` • _ �. ,! date the notice is mailed or delivered Nithin which Borrower may pay tlte sums declared due.If Borrower fails to pay , �. `` �
<br /> � such sums prior to the eapiration of such period.Lender may,nrithout further notice or demand on Borrower,invoke
<br /> --- ;-:,�-; anp reatedies petmit4ed bY P��Ph f7 hereof. _ -__-,
<br /> ` � � NON-LJN�ORM COVENAIV'1'S.Borrower and Lender further covenant aad agree as follow� ,
<br /> � `: 17.Acceteration; Remedies. Except as provided in paregraph 16 hereof. or as otherwise rc:qa'ued bp �a�r, �,_
<br /> � • ' .. �poa Bonowes's breach of any covenaat or agreement oi Bonowes ia tLis Deed of Trust, inclUding '. ;;�.� ��
<br /> - . • .. Hona�ver's failure to pay, by the end of ten(10}calendar days after the date thep are due.any snms secnred �1 -�,
<br /> � . ` by this Deed of Trust.Lender priar ta acceteratian shall give notice to Borrower as provided ia paragraph 12 .`�."t��•,��_: ,
<br /> � �; hereoi specifyia� (1)the breach; (2) the action reqvired to cure such breach; (3)a date.aot tess than?A days • '-
<br /> . � � �. froin the date the notice is mailed to Borrower, by which such breach must he cured;and(4}that iailare to �'.•=°<;:`'`
<br /> . �' ��- °._ cnre such breach on or before the date specitied in the notice s�y result in acceleratioa oi the sums secured � =--
<br /> . � by this Deed of Trnst and sale oi the Propertq. The notice sball further inform Borrowea ai the right to ��`��'�
<br /> ..
<br /> ' . reinstote after acceteration and the right to bring court ac4ioa to assert the noneststence of e defaolt or any .
<br /> � • • ' other defense of Bosrower to acceleration and sale. If the breseh Is not cured on or before the dete specified � `.� ^ -
<br /> � '� � ' " ia t�e aotice. Leader� at I.euder's option, may declare all of the sums secured bp this Deed of Trust to be ' • •� __._
<br />-', ' � � � immediately dns and gaqable without further demaad aad may invoke the power of sale and any other '�..�ti;�'�---
<br /> :'��, : -'. � remedies permitted by applicable law. Leader shali be enti#1ed to coltect ell costs aad espeases incnrred it� . •- �
<br /> it ��,,:..
<br /> porsoiag the remedies provided in tLis paragraph 17 to the eatent permitted by applicable law. .., ;��F
<br /> � • �= �. If l.ender invokes the power of sa1e.I.ender or Trustee aball mai�copies of a notice of sale in tfle manner � =n.:
<br /> �, � � ��''; prescribed bq appli�ble law to Hotrower aad tn the othes persons prescribed by applicable law.Trostee shaU 't'�s:°;T-"
<br /> give notice oi sale by public advertisemeat for the time aad in the manaer prescribed by applic�ble law. ` '�a�� `,
<br /> . Truatee,cvithoot demand on Bonower,shall sell the Psoperty at pnblic suction to the highest bldder ior cash �
<br /> �. , at the time and place and under the terms designated in the aot�cc of sate in oae or more parcels aad in such - , - ��;
<br /> ,, +_'_-�-
<br /> - � . . : order as Trustee may determine.Trustee may postpoue sale ot all os any parcel of the Property to any later , ' '�""'�"
<br /> " ' ` . time an the same date b ublic aanouncement at the time and lace of an "�
<br /> '� '' Y P P y previously scheduled sale. •� �:--�� -
<br />.-.,', '.. � .` i`-' Leader or Lender's desigaee may porchase the Propestq at any sale. � � ��;°°�� -
<br /> Trustee shaU deliver to the pUrchaser Trustee's deed conveying the Property so sold without any covenaat . ..�;��;.::.:
<br /> � ' � os �arsanty, e:pressed or implied. The recitals in the Trnstce's deed shall be priraa facie evidence of the 'r °�,
<br /> . ,;� truth of the statemen4s made therein.Trastee ahall apply the praceeds of the sale ia the iollowing order: (s) � � -�'-
<br />_- _ '-��� to aIl reasona6le costs ead espenses oi the sale, including. but aot limited to.reasoatible Trastee's tees and � . �_-=
<br /> ;�:�� . � �� - attoraepa'fees aad costs of title evidence;(b)tv all sums secured by this Deed of Trust; and(c)tIIe ezcess,ii � . . °�'
<br /> - , any,to the persoa or persons legally eatitled thereto. �.`;`� � ' r;;�:-
<br /> �• � . 18.�onower's Rigbt to Reinstate. Notwithstending I.ender's acceleration of tha sums secured by this Deed of ' "�
<br /> � Trust due to Borrower's breach, Borrower shall have the right to have anq praceedings begun by Lender to enforc�thia � � �"�-'=-
<br /> :., , �. .. .�.,.c_'
<br /> _ • Deed o4 Trust discontinued at any time prior to the earlier w occur of (i)the fifth day before the sale of the Property � �
<br /> � . . purauant to the power of sale contained in this Deed of Tr�st or(ii)entry af a judgment enforcing thia Deed of Trust if: F � ,� .�=
<br />' . (a}Borrower pays Lender all sums which would be then due under this Deed of Trust and the Note had no acceleration , . :.i�:. .
<br /> � . occuned; (b) Borrower cures all breacAes of any other covenants or agreements of Bonower contained in this Deed of �� -
<br /> �.�� : Trust; (c) Bonower pays all reasonabts axpenses incuned by Lender and Trustee in en4orciAg the �vrnants and
<br />. � • :•��, ageaments of Bonower wntained in this Deed of Trust.and in enforcing Lendera and Tn�stee's temedies as provided , � •
<br /> . , .• � in paragraph 17 hereof,including,but not limited to,reasonable attorneys'feea to the estent permitted by applicable law; • • .
<br /> , _ ,� , and (d) Borcower takes euch action as Lender may reasonably require to assure that tha lien o4 this Deed of Trust, ' . , , .
<br /> ' � - � Lender's interest in the Property and Bonower's obligation to pay the sums secured by tlus Deed of Trust shall coAtinue �
<br /> . unimpaired Upon such payment and cure by Bonower, this Deed of Trust and tha obligations secured hereby shall - - �
<br /> `�� remain in full force and effect as if no acceleration had occuned. .
<br /> � � 19.Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, ' -
<br /> .- :i Horrower hereby assig�s to l,ender tha rents of the Property, provided that Horrowes ahall,prior to acceleration undet � �,� .
<br /> .:� , paragraph 17 hereof or abandonment of the Property, have the right to collect and retain such renta ea they become due ' .'
<br />: and payable. � • ; .� .
<br /> ' Upon acceleration under paragraphy 17 hereof ot abandonment oY the Property. l.ender, in petson. by agent or by
<br /> , . . . . jndicially sppointed receiver,shall be entitled to enter upon,take possession of and inanage the Property and to collect � � .
<br /> . the rents of the Property including those past due.All rents collected by Lender or tha receiver shall be applied 4irst to . ' � � �
<br /> payment of the costs of management o4 the Property and collection of rente, including, but not timited to. receiver's • ,
<br /> , fees, premiums on receiver's bonds and reasanable attorneys' tees,and then to tha sums secured by this Deed of Trust. . .
<br /> � Lender and the receiver shall ba liable to account only for thosa rents actually re�eived. �
<br /> , . � 20.Release.Upon payment of ali sums secured by this Deed of"I'svst,and,if this Deed of Trust secures a Revolving �. �
<br /> . L.oan Agreement, Bonower requests Lender to release this Deed of Trost, Lender ehall cause this Deecl of Trust to be .
<br /> � released without charge to Aorrower.Borrower shall pay all costa of recordation.if any. �• �
<br /> , . • i 21.Substitute Trvstee. Lender. at l.ender's option, may trom time to time appoint a successor trustee to any
<br /> • � j 'Trustee appointed hereunder by an instrument recotded in the county in which thia Deed of�r��,9 r�araea.Without � .
<br /> . , � ! c�nveyance of the Property, the successor trustee shall succeed w all the title. power and duties conferred upon the .
<br /> . ' 'I'rustee herein and by applicable law. � :
<br /> � � 22.Request tor Notices. Horro�ver requests that copies of the notice ot default and notice of sale be sent to
<br /> . • ' Aorroiver's address which is the Property �ddress. ' ' .
<br /> , . . � �' .,
<br /> •,� , � . .
<br /> _ `-" .. . . _ 08•10•4_Qacd a! Trn:t:�L nair�qa� t , . NE667S24
<br /> . . . i�c���i�"u►ii�►�i �i ►��i�, G�i��tc�i�f i�i�i ►��f �►�11�i �__— . - --. . .
<br /> C
<br /> , .
<br /> . . y� . � �
<br /> _ ,. �. _ .__ . ,. .._ _.. . --.•- . .. . ._, .... _.... . ... ... . ... .r..,.........�..�.c�.. . .._. .��..._._.,..,..�,,._.._.�..................._. ..,__.x�..a�...ww..._z......a', .<�.
<br />
|