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201200039
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Last modified
1/5/2012 9:49:54 AM
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1/5/2012 8:56:36 AM
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DEEDS
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201200039
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� <br />201200039 <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give norice to [3orrower prior to acceleration following <br />Borrower's breach of any covenanc or agreement in this Security [nstrument (but not prior to acceleration under <br />Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action <br />required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, bv <br />which the default must 6e cured; and (d) that failure to cure the default on or before the date specified in the <br />notice may result in accelerallon of the sums secured by this Security Instrument and sale of the Property. Tlie <br />notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court <br />action to assert the non-existence of a default or anv other defense of Borrower to acceleration and sale. If the <br />default is not cured on or before the date specified in the notice, Lender at its option may require immediate <br />payment in full of all sums secured by this Securih� Instrument �vithout further demand and may invoke the <br />power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pursuing tl�e remedies provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />lf the power of sale is invoked, Trustee sl�all record a notice of default in eacii counh� in which any part <br />of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescribed by Applicable La�v. After the time required by Applicable Law, <br />Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, <br />without demand on Borrower, shall sell the Propert,y at public auction to the highest bidder at the time and <br />place and under the terms designated in the natice of sate in one or more parcels and in any oeder Trustee <br />determines. Trustee may postpone sa(e of all or any parcel of the Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall 6e prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses <br />of exercising the power of sale, and tbe sale, including the payment of the Trustee's fees actually incurred and <br />reasonable attorneys' fees as permitted by Applica6le Law; (b) to all sums secured by this Security Instrument; <br />and (c) aoy excess to the person or persons legally entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security lnstrument and all notes cvidencing debt secured by this <br />Security Instrutnent to Trustee. Trustze shall reconvey the Property without warranty to the persou or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a <br />fee for reconveying the Aroperty, but only it'the fee is paid to a third party (such as the Trustee} for services rendered <br />and the charging of the fee is permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may fio�n time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed heeeunder by an instrument recordcd in thc county in which diis Securiry Instrument <br />is recorded. Without conveyance ol'the Property, the successor trustee shatl succeed to all the title, power and duties <br />conferred upon Trustee herein and by Applicable Law. <br />25, Request for Notices. 13orrower requests that copi«�s of the notice of detault and sale be sent to Borrower's <br />address which is the Property Address. <br />[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] <br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DodNeglc ��rtti� <br />Form 3028 1/01 Page 9 of 11 www.docmagic.com <br />
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