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201200567
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1/24/2012 8:58:24 AM
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1/24/2012 8:58:24 AM
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DEEDS
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201200567
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�ui2uo5s7 <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleraHon foUowing <br />Borrower's breach oF any covenant or agreement in this Security Instrument (but not prior to acceleration under <br />Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the defaWt; (b) the action <br />required to cure the default; (c) a date, not less than 30 days from the date the noNce is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default on or before the date speci�ied in the <br />notice may result in acceleration of the sums secured by this Security Instrument and sale of the Pro�rty. The <br />notice shall further inform Borrower of the right to reinstate after acceleration and the rtght to bring a court <br />action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the <br />default is not cured on or before the date specified in the noNce, Lender at its option may require immediate <br />payment in full of all sums secured by this Security Instrument without further demand and may invoke the <br />power of sale and any other remedies perm�ttted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedi�s provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fces and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in wtuch 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 Law. After the Nme 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 />wiithout demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale 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 dced shall be prima facie evldence of the truth of the statements <br />made therein. Trustee shall apply the procceds of the sale in the following order: (a) to all costs and expenses <br />of exercising the power of sale, and the sale, including the payment of the Trustee's fces actually incurr� and <br />reasonable attorneys' fces as permitt� by Applicable Law; (b) to all sums secured by this S�urity Instrument; <br />and (c) any 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 sunender this Security Instrument and all notes evidencing debt secured by this <br />Security Instniment to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally <br />entitled to it. 5uch person or persons sha11 pay any recordation costs. Lender may charge such person or persons a <br />fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered <br />and the chazging of the fee is permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instniment recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to all the title, power and duties <br />conferred upon Trustee herein and by Applicable L.aw. <br />25. Request for NoHces. Bonower requests that copies of the notice of default and sale be sent to Bonower's <br />address which is the Property Address. <br />[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] <br />Ne30Z8.dot�1 <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Form 3028 1/01 Page 9 of 11 <br />M/ ��. <br />s <br />DodNsglc � <br />www.docmaglc.com <br />
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