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<br /> � erest.Lender shall not be reqwred to commence procecdmgs against s�ch succeswr or refuse to extend nme for a t o�r othcrwisc m ► ; �` ' �
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<br /> '' amortuaaon of thc sums secumd by th►s Deed of Tevst by reason of any demand made by the origmal Borrower and Borrower's suecessors in t � t-_.
<br /> 1 interest Any forbearanee by Lender in exercismg any nght or rcmedy hereunder,or othenvise affo�de�by apphcable law,shall not 6e a warver F . � -_�_�
<br /> � � �f or preclude the exwcise of any such right or remedy- � . ?�.} _
<br />° � 11, gaccessors aad Asslgns Bonnd:Joint and Severnl LlnbNty:Co-signers.71�e covenanu and agrcements herein wnr.uned shall . .
<br /> i • . ;�
<br /> � bind, and the nghts herewder shall inem to,the respective suceessors and auigns of Lender and Borrower, subject to the provis�ons of �
<br /> paragraph 16 hereof.All covenaats and agreemertts of Boaower shall be joint and several.Any Borrower who co-signs this Ueed of 1'nut,but =_
<br /> ' � does not execute the Note,(a)is co-signing this Deod of Tn�st only to grant and convey that Borrowefs mterest in the Property to"frustee under ' —
<br /> the tem�s of this Deed of Tnut,(b)�s not personaUy liable on the Note ot under this Deed of Tnist,and(c)agrees that i.ender and any other
<br /> . - j+ the Note without that Borrow�ts onser.t and�oubreirasing that Borrower ro modifyingnthu Ceed o�rust as to hat Bo�a o�s�ir.t resc n . ' - - - - -- _
<br /> 7 the Property � �
<br /> 1 12. Nottce.Except for any notice required under applicabie law to be given m another manner,(a)any notice to Borrower provided i , . .
<br /> for in this Deed of TnLSt shaU be given by delivering it ot by mailing such notice by ceRified mail addressed to Borrower at the Propecty Address r , , ,
<br /> or at such other address as BaTrower may designate by notice to Lender as provided herein,and(b)any noticc to Lender shall be given by k , , _
<br /> certified mail to I.ender's address stated herein or to such other address as Lender rtray designate hy notice to Borrower as provided herein.Any � ,`—,
<br /> aotice provided for in this Deed of Trust shafl be deemed to have been given to Borrower or I.ender when given in the manner designated herein. ,j .• , _�1�Y(__'._
<br /> 13. Goveming Law;SevuabilIty.The state and loral laws applicable to this Deed of Tnut shall be the laws of the�urisdiction a► ,���y.y
<br /> which th¢property is located.The foregoin�sentence shatl not limit the applicability of Federal law to this Deed of T�s4[n the event that any ` __ __
<br /> '? provision or clause of this Deed of Trust or the Note conflicts with aPPlirable law,such conflict sha[I not affect other provisions of chis Deed of . L" �_y;��
<br /> Tnut or the Note which can be given effect without the conflicting provision,and to this end the provinons of this Deed of Tnut znd the Note � �, ��_�,�
<br /> aze declared to be severable.As used herein,"casts"."exPenses"and"attomeys'fees"include all sums to the extent not prohibited by applicable ',�.. s _
<br /> law or limited herein. : • ,'
<br /> 14. Bosrawer's Copy.Borrower shall be fumished a confo:med copy of the Note and of this Deed of Tnist at the tirre of execution , _ x{..;;;, -
<br /> , ��
<br /> or after recordation hereof. .� —
<br /> � I5. RehabBttaBon Loan Agxeme°L Borrower shall fulfill all of Borrowers obtiganons under any home rehabilitation, � '���."^�L;
<br /> , improvement,repair,or other loan agreemeat which Borrower enters into with I.ender.Lender,at Lendec's option,maY require Borrower to �.�:•-°` _-_-
<br /> . �. _ _
<br /> � .�i execate and deliver to Lender,in a form acceptable to Lender,an tLSSignmeat of ar►Y�8hts,��a�ms or defenses whicfi Bortowcr may have against —_,���
<br /> .. afies who ly labor.materials or services in connection with improvecm�ts made to the Property. in it is sold or �•�a _-�`�
<br /> p 1 6.u�Trunsfec mff 4he Property or a Bene ft c i a l Ia te r a t i n Ba r r o w e r.I f a l l a r a n y p a rt o f t h e P r o p e rt y o r an y i n t e r e s t . ___
<br /> transferred(or if a beneficial interest in Borrower is sold or transferred and Boaower is not a naiiu�el person)without Lende�s prior written . . „
<br /> consertt,Lxnder may,at its option,require immediate paymeat in full of all sums secured by this Deed of Trust However,this oprian shall not ':.t�:,� ���:
<br /> be exercised by Lender if exercise is prolnbited by federel law as of the date of this Deed of Tnut �� - � , ' —
<br /> If Lender exercises tt►is option,�Zr.der shall give Bocrower nodce of acceleration.The notiee shall provide a period of not less than 30 .
<br /> ,� ; days from the date the norice is delivered or mailetl within which Borrower must pay all sums se�.'ured by this Aced of Tmst.If Borrower fails to �,," , _—
<br /> pay these sums prior to the expiration of this period,Lender may invoke any remedies perrnitted by this Deed of Tnut without further norice or .r • �-
<br /> . demand on Borrower. ' �•�
<br /> � NON-UIVIFORi�9 COVENANI'S.Borrower and Lender further covenaat and a�see as follows: � � —
<br /> 'F L'F. Acceleratton;RemedIes. Except as provided in paragraph l6 hereof,upon Borroaers breach of any covenant or agreement of ,-.i :.
<br /> . t Borrower a ihis Deed of Trust,including the covenants to pay when dca any sums secured by this Deed of Trust,Lxnder prior to acceleration : ~ j�}� . ';
<br /> � k h 12 hereof eci n i the brcach;(2)the action requited to cure such bres�h:(3)a „x(� = ;� �:
<br /> shall give notice to Borrosrer as provided in paragrap SP � g�� � �:! ,
<br /> - date,not less tt�10 days from the d ate t he noace is mai l e d t o B o n o w e r,b y which such breach must be ciued;and(4)that faifure to cure suah ;� ` . 9�4 . � �
<br /> breach on or before the date specificd in the notice may result in acceleration of the sums secured by this Deed of Trttst and sale�f the Property. � , __
<br /> The notice shall farther inform Borrower of the right to reinstate after aceeleraation and the right to bring a court aaion to assert the nonexistence '��. '
<br /> er ' �
<br /> • . of a default or any other defense of Bom;wer to acceleration and sale.If the breach is not cured on or before the date specified in the notice, ���.�`._ �-._r;�'_-_
<br /> Lender,at Lende�'s option,may declare a11 of the sums secured by this Deed of Trust to be immediately due and payable without fiather demand .��� , _��_
<br /> � and may invoke the po�ver of sale and any other remedies permitted hY apPlicable law.Lender shall be entitled to collect ali reasonable costs and .,r�• .� _
<br /> ' :,
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<br /> ' expenses incuned in pursuin8 the remedies Provided in L`:s paragraph 17,including,but not limited to,reasonable attomeys'fees. -.. •-���
<br /> • If Lender inwkes thz power of sale,Lender shail execute or cause Tn�stee to cxecute a v+ritten norice of the occurrence of an event of =,�• �..�.,M.���J�
<br /> . .;, default aad of Lenders eiection to cause the Pruperty to be sold and shall cause such notice to be recorded in each counry in which the PrapeKy . .
<br /> . . some 'hereof is located.Lender or Tmstee shall mail copies of such notice in the manner ptescribed by applicabte law.Tntstee shall give .=���'��,.
<br /> or �c hca6le - . .:.:� ;
<br /> public nc�:of sale to the persons and in the manner prescri b e d by app l�ca b te law.A ft e r t h e l a p s e o f s u c fi t i m e a s m a y b e r e q u i r e d b Y a P P� ;�•�i`-' •. .,__:-
<br /> lacv,Trustee,without de:nand on Borrower,shall sell the Property at public aucuion to the highest bidder at the rime and place and under the ,, .; ,,,;,�_o-..y;,y :T
<br /> t�•+ms d_si�at!�i in thc notiee of sate in one or more pazcels and in such order as Tnistee may determine.Truscee maY Postpone sale of al!or any = y ,.
<br /> �•�'�?.--
<br /> • parcel of the Property by public announcement at the time and place of any previousiy scheduted saie. L.ender or Lender's ucsi��ea tn+"y ,,=.ix,�,,.� .:.,�
<br />,; ' pwchase the Praperry at any sale. � • ��•�-
<br /> .,:r • �c�.-�.
<br /> :•' Trustee shap deliver to the pi:rchaser Trustee's deed conveying the Property so sold without any covenant or wazranry,expressed or .,.,,�_�
<br /> � � implied.The recitals in the Tmstee's d�ed shall be prima facie evidence of the truth of the stateme:s�made therein.Trustee shall apply the ,_,.# ... �
<br /> ; . '' proceeds of the sale in tEc following order.(a)to all reas.:nable costs and expenses of the sale,including,but not limited to,reasonable 7Yustee's „.:+ :: ; y��• �_
<br /> � and auomeys'fees aa,�a�of ritic evidence;(b)to all sums secured by this Deed of Tn�sk and{c)the eaoess,if usy,to the person or persons ��-:
<br /> . . legally entitled there:o. . .
<br /> • � 18. Borra�wer's Right to Reinstate.Notwithstanding L.ende�s aaeleration of the sums sec�ued by this Deed of Trust due to . . . .
<br /> ' Borrowea's hreacfi,Borrower shall have the right to hnve any proceedings begun by J.ender to enforce this Deed of Tnist discontinued at any ;
<br /> ' time prior to the earlier w occur of(i)the fifth day before sale of the Property pursuant to the power of sale contained in this Dced of Tnui or(ii) . •
<br /> � +. entry of a judgment ena`c•:ring this Deed of Trust if(a)Boirower pays Lender ull sums which would be then due under this Deed of Trust and , ,
<br /> i the Note had no accelerxtion occurred;(b)Bortower cures all breaches of any other covenants or agrcements of Bono..er contained in this Deed � _
<br /> of Trust;(c)Borrower pays all reasonable expenses incumd by l.ender and Trustee in enforcing the covenanu��agreements of Boaower
<br /> contained in this Deed of Trust,and in enforcin�Lendcr's and Trostce's remedies as provided in paragraph 17 hereof,including,but not limited �,
<br /> k to,reasonable attomeys'fees:and(d)Borrowcr takes such action as Lender may reasonably require to assure that the licn of this Deed of Trust,
<br /> Lende►'s intcrest in the ProFerty and Borrower's obligation to pay the sums sccurcd by th�s Deed of Trust shalt continue unimpaired.Upon such ��
<br /> payment and cure by Boaower,this Deed of Tnut and the obligations secured hercby shall temain in full force and effect as if no asccleraUon . _
<br /> had oceurted. . •
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<br /> � NEBRASKA-SECONU MORTGAGE-fl80 FPIMA/FNLMC UNIFORM IRISTP.QJMEIV Pase 3 of 4 Fortn 3QZa �!
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