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<br /> � mtcrest.Lcndcr shall not bc rcqwrcd to commcncc procccdings agumst such successor or rcfusc to extend nmc for paymr.nt or othenvisc modify
<br /> � amorhr,�t�on of thc sums sccurcd by ihis Dced of Trust by rcason of uny dcmund madc by thc ongmul porrowcr and f3orrowcr'E successors m
<br /> f mtcrest.Any forbcarancc by Londcr m cxcrc�smg any nght or rcmcdy hcrcundcr,or othcnvisc uffordcd by apphcublc luw,shull not Uc a�v:uvcr �c
<br /> ± of or prccludc thc�xcrcisc of any such nght or rcmcdy.
<br /> ! ,11. Successore and Assiqne Efoands Jolnt and Seve►AI Llnbtlity;Co•si�ncrs.'fhc covcnants and ugrecmcnts hcretn contnincd shull ��
<br /> , bind,and thc rights hcrcundcr shall inurc to,thc respcctivc succcssors nnd ussigns of l.cndcr und Bortowcr, sub�cct ro thc provisions of �,i`
<br /> , paragmph 16 hcrcof.All coocnants and agrcements cf E3orrowcr shnll bc joint and scvcraL Any Qorrowcr who co-signs this Dccd of Trust,but _
<br /> docs not exccutc thc Notc,(a)is co•signing this Decd of Trust only to grant and convcy thnt Bortowcr's�ntcrest in thc Prcperty io Trustcc undcr w
<br /> thc tcnns of this Uccd of Trust,(b)is nut personully liablc on thc Notc or undcr this�ced of Trust,and(c)agrccs thut Lcndcr und uny othcr
<br /> E3ortowcn c�rcundcr mny ngrce to extend,modify,forbcnr,or makc any othcr accommodations�vith rcgurd to thc tcrms of ti�is Dced of Trust or
<br /> thc Notc without thnt Bortowc�'s consent and wrthout rcicasins that Bottowcr or modifying this Dced of Trust us to that Bottowcr's intcrest in
<br /> , thc Propeny.
<br /> 12. Notice.Except for nny naticc rcquircd undcr applicablc Inw to bc givcn in anothcr manncr,(a)any noticc to 8orrowcr provi c �
<br /> � for in this Deed of Trust shull be�iven by delivering it or by mailing such notice by certificd mail nddressed to Borrower at the Property Address -
<br /> or�t such othcr address as Bonowcr may designaic by notice to Lendcr ns providcd hercin,and (b)any noticc to Lendcr shall bc givcn by �
<br /> � certificd mail to Lendcrs address stated herein or to such other address as Lender may designate by notice ta Borrower as provided herein.Any
<br /> � noticc providcd for in this Dccd of Trust shall bc dcemcd to havc bcen givcn to Borrowcr or Lendcr when givcn in the manncr designated hcrcin. ,
<br /> � 13. Goverafng Law;SeverablUty.The state nnd local la�vs applicnble to this Deed of Trust shull be thc laws of the jurisdiction in -
<br /> ; which the Praperty is locatcd.The foregoing scntencc shnll not limit the epplicubility of Fcderol law to this Deed of Trust.In the event that any
<br /> • provision or clause of this Decd of Trust or the Note conflicts with applicnble law,such conflict shull not affect other provisions of this Deed of ..
<br /> � I Trust or thc Notc�vhich cnn be given cffcct�vithout the conflicting provision,and to this end thc provisions of this pccd of Trust and thc Notc '••`1"�'=���
<br /> arc dccicued to bc sevcruble.As used hercin,"costs","expcnses"and"nttomcys'fces"includc all sums to thc extent not prohibited by applicablc _
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<br /> - j law or limited herein. „
<br /> I 14. Borrower's Copy.Bonower shnll be furnished a conformcd copy of the Note nnd of this Deed of Trust at the time of execution � �a�-l��
<br /> or aRcr rccordation hcreof. � t�'�'� '
<br /> I 15. RehabilfUttlon Lonn AgrecmenG Borrowcr shall fulfill all of Borrowet's obligations undcr any homc rchnbilitetion, . i,,� f
<br /> improvement,repair,or other loan agtcement which Borrower enters into wit h Len dcr. L c n d e r, at Lcndcr's o ption,ma y requirc Bortuwcr to ,� �.;�#,:-.-,
<br /> execute and deliver to Lender,in a form acceptable to Lender,an assignment of nny rights,claims or defenses which Borrower may hnve ngainst � ?� '.
<br /> . parties who supply labor,materinls or services in connection with improvements made to the Property.
<br /> 16. Transfer of t6e Property or¢Beneflcial Intcrest In Borro�ver.If all or eny part of the Property or any interest in it is sold or �"'�. i� =
<br /> transferred(or if a beneficiul interest in Bonower is sold or trnnsfertcd and Borrower is not e nawml person)without Lcnder's prior written � _
<br /> '� ' consent,Lendcr muy,at its option,require imm�dietc payment in full of all sums secured by this Decd of Trust.However,this option shull not _
<br /> Ibe exercised by Lender if exercisc is prohibited by fedcral low es of the date of this Decd of Trust. T�
<br /> _ { If Lendcr exercises this option,Lender shall give Borrowcr noticc of accelcration.The noticc shnll provide a periad of not Iess than 30
<br /> ,__ _ 1 ������m�ti��ra r�,,.r�r�rs ir detivered or mailed within which Bonower must pay ull sums securcd by this Deed of Trust.If Borrower fails to __
<br /> pay thcsc sums prior ro thc expiration of this period,Lcnder may invoke any rcmedies perm�tted by fnis�ieed of i rusi wiii�uui fu�iF�cr r�;,;�:.c o: . ,," ,
<br /> demend on Borrowcr. ,y��yr�. ,"; s
<br /> � NON-UNIFORM COV ENANTS.Borrotiver and Lender further covcnant and agree as follows:
<br /> � 17. Acceleration;Remedtea Except es provided in paragraph 16 hereof,upon Borrower's bres+ch of any covenant or ngreement of �;�� ,
<br /> � Borrower in this Deed of Trust,includins the cuvcnunts[o pay wi�en duc any sums securcd by this Deed of Trust,Lender prior to¢cceleration ...;•� .� ,;
<br /> } shall givc notice to Borrower ns provided in parngraph 12 hereof spccifying:(1)the breach;(2)thc uction required to cure such brcach;(3)a �. ,
<br /> � date,not less then 10 days from the dute the notice is mailed to Borrower,by which such breach must be cured;nnd(4)that failure to cure such `
<br /> � � breuch on or before the date apecified in the notice may result in acceleration of the sums secured hy this Deed of Trust and sale of the Properry. ? ��
<br /> �, The notice shaU further infortn Borrower of the right to reinstnte after ncceleratiun und the right to bring a court action to essert the nonexistence `�„_
<br /> of a default or any other defense of T3orrower to acceleration and sale.If the breach is not cured on or before the date specificd in thc notice,
<br /> Lcndcr,at Lcnder's oprion,may declare¢ll of thc sums securcd by this Dced of Trust to be immediately due nnd payable without fhnhcr demsuid
<br /> � � und may invoke the power of sule end eny other mmedies permitted by npplicable Inw.Lender shnll be entitled to collect all reasonable costs and .
<br /> x'� expenses incurted in pursuing the rcmcdies provided in this paragraph 17,including,but not limited to,reasonublc ottomeys'fces. �
<br /> • r, lf L.ender invokes the power of sale,Lender shaU execute or cause Trustee ro execute n written notice of the oecurrenee of un event of :�::�-
<br /> t� default and of Lenders elecpon to cnuse the Properry to be sold and shall cause such notice to be recorded in each county in which the Property �x�
<br /> � or some part thereof is located.Lender or Trustee shull mnil copies of such notice in the manner pmscribed by applicnble law.Trustce shall give H�—,.
<br /> � '. � public notice of sale to the persons nnd in the manner prescribed by applicuble law.After the lapse of such Nme as may be required by applicable �,v-_
<br /> �� �? law,Trustee,without demand on Bonowcr,shall seU the Property ut pablic nuction to the hi�hest bidder at the amc and placc and under thc � _
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<br /> 4 tertns designated in the norice of sale in une or rnore parcels and in such order os Trustee may detemvne.7Yustce may postpone sale of all or any �:�:^w�,;---
<br /> . � � parccl of thc Property by public nnnounccment ut the timc and plocc of nny prcviously schcdulcd sale. Lender or Lender's designee may
<br /> purchase the Property nt ony sale. '°��
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<br /> .�+ Trustce shall dcliver to the purchaser Trustee's decd convcying the Properry so sold without ony covenant or warrenty,expresscd or :R_I,:�
<br /> ° implied.'fhe recitals in the Trustee's deed shnll be prima facie evidence of the truth of the statemenu made therein.Trustee shall apply tfie ''�.�_,.,
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<br /> � procecds of the salc in thz fo?lowing ordcr:(a)tu all rcasonablc costs and expenses of the salc,including,but not limited to,reasonable'frustce's � F•;�--.�-
<br /> � t nnd nttomeys'fccs and costs of title evidence;(b)t�all sums secured by this Dced of Trust;nnd(c)the exccss,if any,to the person or persons :�'��'��
<br /> �. Icgnlly entitled thercto. '
<br /> • • ' ' 18. Borrower's RIg6t to Reinstate.Notwithstnnding Lende�s acceleration of the sums secured by this Dced of Trust due to ;�
<br /> BoROwe�s brcach,Borrower shall have the right to have any proccedinss begun by Lender to enforce this Dced of Trust discontinued nt any ^:;F`�:'
<br /> • timc prior to thc carlier tu occur of(i)the fifth day before s�le of thc Property pursu¢nt to thc powcr of sale conWincd in this Deed of'IYuat or(ii)
<br /> entry of a judgmcnt enforcing this Dced of Trust if:(a)Botrower pays Lender all sums which would be then duc under this Deed of Trust and
<br />� the Note had no uccelerarion occurred;(b)Borrower curcs ull bmnches of any odter covenants or agreemenu of Borrower contained in this Deed . „
<br /> , of Trust;(c)Borrower pays nll reasonable expenses incurred by Lender and Trustec in enforcing the covenants and ngreemenu of Borro�ver .
<br /> ' containcd in this Decd of Trust,and in enforcing Lender's and Trustcc's remedics as providcd in parsgraph l7 hcrcof,including,but not limitcd
<br /> to,reasonable uttomcys'fees;and(d)Borrower takes such acrion ns Lender mny reasonably require to assum thnt thc licn of this Dccd of Trust,
<br /> � Lender's intcrest in the Property and Bonower's obligation to pay the sums sccurcd by this Decd of Trust shall continue unimpaircd.Upon such
<br /> . paymcnt und cure by Borrower,this Dced of Trust nnd the obligations securcd hercby shall remnin in full force and effect as if no acceleration
<br /> ' had occurted.
<br />- � NEBRASKA-SECOND MORTGAGE -1/80 E'NMA/FHLMC UNIFORM INSTRUMEN t���c 3 of 4 Form 3828
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