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201109451
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Last modified
1/5/2012 9:48:30 AM
Creation date
12/19/2011 8:49:27 AM
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DEEDS
Inst Number
201109451
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20�10���� <br />Instrument, shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and <br />the obligations secured hereby shall remain fully effective as if no acceleration had occun Tkus <br />ri�ht to reinstate shall not apply in the ca.se of acceleration under paragraph 14. <br />16. Acceleration; Remedies. Lenders shall give notice to Borrower prior to acceleration <br />following Borrower's brea.ch of any covenant or agreement in this Security Instrument (but not prior <br />to acceleration under pazagraphs 14 ). The notice shall specify: (a) the default; (b) th� action reqwred <br />to cure the default; (c) a da.te, not less than 30 da.qs from the date tbe notice is given to Borrower, <br />by wluch the default must be cured; and (d) that failwe to cure the default on or before the date <br />specified in the notice may result in acceleration of the sums secured by this Security Instrument and <br />sale of the Property. If the default is not cured on or before the da.te specified in the notice, Lenders <br />at their optio�n may require immedia.te paymerrt in full of all sums seeured by this Security Instroment <br />without fiuther demand and ma,y invoke the power of sale and any other remedies permitted by <br />applic�ble law. Lenders shall be entitled to collect all expenses incurred in pursuing the remedies <br />provided in this paragraph 16, including, but not limited to, reasonable attomeys' fees and costs of <br />title evidence. <br />Ifthe power of sale is urvoked, Trustee shall record a notice of default in each caunty in which <br />any pazt of the Property is ioca,ted and shall mail copies of such notice in the ma.nner prescnbed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />requued by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by applicable law. Tnustee, without demand on Borrower, shall sell the Properi� at gublic <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee ma.q post�one sale of all or any <br />parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br />Lenders or their designees ma.y purchase the Property at any sa1e. <br />Upon receipt of payment of the price bid, Trustee sha11 deliver to the purchaser Trustee's deed <br />conveying the Progerty. The recitals in the Trustee's deed shall be prima facie evidence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: <br />(a) to a11 expenses of the sa1e, including, but not limited to, Trustee's fees as permitted by applicable <br />la.w and reasonable attomeys' fees; (b) to all sums secured by this Security Instrument; and (c) any <br />excess to the person or persons legally entitled to it. <br />1'7. Lenders in Possession. Upon acceleration of the debt or abandonment of the Property, <br />Lenders (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take <br />possession of and manage the Property and to collect the rents of the Property including those past <br />due. Any rents collected by Lenders or the receiver shall be applied first to payment of the costs of <br />management of the Properiy �nd collection of rents, including, but not limrted to, receiver's fees, <br />premiwns on receiver's bonds and reasonable attomeys' fees, and then to the sums secured by tlus <br />Security Instrument. <br />18. Reconveyance. Upon payment of a11 sums secured by tlus Security Instrument, Lenders <br />shall request Trustee to reconvey the Property and shall surrender this Secunty Instrumern and all <br />notes evidencing debt secured by this Security Instrumeut to Trustee. Trustee shall reconvey the <br />Property without wazranty and without charge to the person or persons legally entitled to it. Such <br />person or persons shall pa.y any recording costs. <br />19. Substitute Trustee. Lenders, at their option, ma.y from time to time remove Trustee aad <br />appoint a successor trustee ta any Trustee appainted hereunder by an instrument recorded in the <br />county in which this Security Instrument is recorded. Without conveyance of the Property, the <br />successor trustee shall succeed to all the title, power and duties conferred upon Trustee hereew and <br />by applicable l�w. <br />20. Request for Notices. Borrower requests that copies of the notices of default and sale be <br />sent to Borrower's address which is P.O. Box 301, Cairo, NE 68824. <br />BY SIGI�TING BELOW, Borrower accepts and agrees to the terms and covenants contained <br />in thi S 'ty Instrum <br />� <br />Jo . Hadenfeldt, onower Rebecca K. Ha.denfeldt, Bo wer <br />STATE OF NEBRASKA ) <br />}ss: <br />COUNTY OF HALL ) <br />The foregoing was acknowledged before me on the ��day of �'''�*�' . 2011, by John <br />D. Hadenfelc�t and Rebecca K, Hadenfeldt, husban and wife, to be th ir volunt act and deed. <br />a� O� � Neb►aska <br />DENISE D. MYERS <br />p�y Condn. 6cp. Nw 20, 2014 <br />, ,� A' <br />,. � � / <br />
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