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201207598
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Last modified
7/20/2017 9:50:34 AM
Creation date
9/11/2012 4:16:56 PM
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DEEDS
Inst Number
201207598
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201207598 <br /> Borrower as trustee for benefit of Lender only, [o be applied to the sums searad by this Security <br /> Instrument; (b) Lender shall be entiUed to collect and receive all of the rents of the Property; and (c} <br /> each tenant of the Property shall pay all rents due and unpaid W Lender or Lender's agent on <br /> Lenders written demand to the tenant. <br /> Borrower has not executed any prior assignment of the rents and has not and will not perform any <br /> act that would prevent Lender from exercising its rights under this Paragraph 19. <br /> Lender shall not be required to enter upon, take control of or maintain the Property before or after <br /> giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at <br /> any time there is a breach. Any application of rents shall not cure or waive any default or invalidate <br /> any other right or remedy of Lender. This assignment of rents of the Property shall terminate when <br /> the debt secured by this Security Instrument is paid in full. <br /> 20. Foreclosure Procedure. if Lender requires immediate payment in fuil under Paragraph 9, <br /> Lender at its option may require immediate payment in full of all sums secured by this <br /> Security Instrument without further demand and may invoke the power of sale and any other <br /> remedies provided 6y applica6le law. Lender shall be entitied ta eollect all expenses incurred <br /> in pursuing the remedies provided in this Paragraph 20, including, but not limited to, <br /> reasonahle attorneys'fees and costs of title ev(dence. <br /> If the power of sale is invoked, Trustee shali record a notice of default In each county in <br /> which any part of the Praperty is located and shall mail copies of such notice in the manner <br /> prescribed by Applieable Law to Borrower and to the other persons preseribed by Applicable <br /> Law.After the time required by Applicable Law, Trustee shall give public notice of sale to the <br /> persons and in the manner prescribed by Applieable Law. Trustee, without demand on <br /> Barrower,shall sell the Property at pubiic auction to the highest bidder at the time and place <br /> and under the terms desfgnated in the notice of sale in one or more parcels and in any order <br /> Trustee determines. Trustee may postpone sale of ail or any parcel of the Property by public <br /> announcement at the time and place of any prevfously scheduled sale. Lender or its <br /> designee may purchase the Property at any sale. <br /> Upon reeeipt of payment of the price bid, Trustee shail deliver to the purchaser Trustee's <br /> deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence <br /> of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in <br /> the following order: (a) to all costs and expenses of exercising the power of sale, and the <br /> sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' <br /> fees as permitted by Applicable Law; (b}to all sums secured by this Security Instrument; and <br /> (e)any excess to the person or persons legally entitled to It. <br /> 21. Lien Priority. The full amount secured by[his Security Instrument shall have the same priority over <br /> any other liens on the Property as 'rf the fuil amount had bee� disbursed on the date the initial <br /> disbursement was made, regardless of the actual date of any disbursement. The amount secured <br /> by this Security Instrument shall indude all direct payments by Lender to Borrower and all other loan <br /> advances permilted by this Security Instrument for any purpose. This lien priority shall apply <br /> nolwithstanding any State constitution, law or regulation, except that this lien priority shall not affect <br /> lhe prioriry of any liens for unpaid State or local govemmental unit special assessments or taxes. <br /> 22. Adjustable Rate Feature. -NOT APPLICABLE <br /> ���III�I�II�I�il�l�I�II�IIII�II�IIIII�II�IIIII�I(II� 1�) Nebraska Deed MT�usl HECM FIXEO R4TE-MERS <br />
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