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201201158
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Last modified
3/19/2012 3:41:53 PM
Creation date
2/15/2012 8:33:55 AM
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DEEDS
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201201158
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20120��5� <br />NON-IJ1vIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: <br />22. AcceleraHon; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Bbrrower's breach of any covenant or agr�ment in tlus Secnrity Instrament (bat not prior to <br />acceleratian under Section 18 unless Applicable Law provldes otherwise). The nottce shall specify: (a) <br />the def�nit; (6) the action r�nired to cure the defanit; (c) a d�te, not less than 30 days from the date <br />the no13ce is glven to Borrower, by which the default must be cured; and (d) that failnre to cure the <br />defanit on or before the date sp�ified in the notice may r�salt in acceleration of the sams secured by <br />this Security Instrament and sale of the Property. The natice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-e�istence of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not cnred on or <br />before the date specified in the notice, Lender at it� option may reqnire immediate payment in full of <br />all sums s�ured by this Security Instrument without furtLer demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be enHtled to wllect all <br />e8genses incurrexi in pnrsning the remedies provided in this Section 22, including, but not limited to, <br />ressonable attorneys' fe� and costs of title evidence. <br />If the power of sale is invok�, Trnstee shall record a notice of default in each county in wluch <br />any part of the Propeety is located and shall mail copies of such notice in the manner prescrib� by <br />Applicable Law to Borrower and to the other peraons prescribed by Applicable Law. After the time <br />r�nired by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trastee, without demand on Borrower, shall sell the Property at <br />public anction to the highest bidder at the time and place and under the terms des�lgnated in the <br />nottce of sale in one or more parcels and in any order Trustee determines. Trustee may gostpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />schednl� sale. Lender or its design� may pnrchase the Property at any sale. <br />Ugon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced <br />conveying the Property. The recitals in the Trastee's deed shall be pr3ma facie evidence of the truth <br />of the statements made therein. Trastce ahall apply the proceeda of the sale in the following order: (e) <br />to all costs and expens� of exercising the power of sale, and the sale, including the payment of the <br />Trastee's fe.� actaally �ncurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all snms secared by tluts Secnrity Instrament; and (c) any ezcess to the person or persons legally <br />entitl� to i� <br />23. R�onveyance. Upon payment of all sums s�ure� by this Security Instrument, Lender sha11 <br />request Tnistee to reconvey the Property and shall surrender this S�urity Instniment and a11 notes <br />evidencing debt s�ured by this S�urity Instrument to Trust�. Trust� shall reconvey the Properly <br />without warranty to the person or persons legally enritled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fce for ra;onveying the Properly, but only <br />if the fes is paid to a third party (such as the Truste,e) for services rendered and the charging of the fee is <br />permitted under Applic�ble Law. <br />24. Snbstitate Trustce. Lender, at its option, may from rime to time remove Trustee and appoint a <br />successor trustee to any Trust� appointed hereunder by an inshument ra;orded in the county in which tlus <br />Security Instrument is re�orde�i. Without conveyance of the Property, the successor trustee sha11 succeed to <br />a11 the title, power and duties conferr� upon Trustee herein and by Applicable Law. <br />25. R�n�t for Notices. Bonower requests that copies of the norice of default and sale be sent to <br />Borrower's address wluch is the Property Address. <br />2300070575 D V6AN� <br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WRH M� <br />�$IQ1�Nq 10870) Pege 13 of 16 int�e�s: S�� �C�C,! �� Form 3028 1/07 <br />O <br />
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