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201302238
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Last modified
8/19/2014 2:22:36 PM
Creation date
3/25/2013 8:50:16 AM
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DEEDS
Inst Number
201302238
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201302238 <br />16. Acceleration; Remedies. Lenders shall give notice to Borrower prior to acceleration <br />following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior <br />to acceleration under paragraphs 14 ). The notice shall specify: (a) the default; (b) the action required <br />to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, <br />by which the default must be cured; and (d) that failure 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 date specified in the notice, Lenders <br />at their option may require immediate payment in full of all sums secured by this Security Instrument <br />without further demand and may invoke the power of sale and any other remedies permitted by <br />applicable 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 attorneys' fees and costs of <br />title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />required by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public <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 may postpone 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 may purchase the Property at any sale. <br />Upon receipt ofpayment ofthe price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. 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 all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable <br />law and reasonable attorneys' 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 />17. 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 Property and collection of rents, including, but not limited to, receiver's fees, <br />premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this <br />Security Instrument. <br />18. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lenders <br />shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all <br />notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the <br />Property without warranty and without charge to the person or persons legally entitled to it. Such <br />person or persons shall pay any recording costs. <br />19. Substitute Trustee. Lenders, at their option, may from time to time remove Trustee and <br />appoint a successor trustee to any Trustee appointed 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 herein and <br />by applicable law. <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 642 N. Broadwell Ave., Grand Island, NE 68803. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained <br />in this Security Instrument. <br />• <br />Wayne M. Anson, Borrower Patricia A. Anson, Borrower <br />STATE OF NEBRASKA ) <br />)ss: <br />COUNTY OF HALL ) <br />The foregoing was acknowledged before me on the , rday of 2013, by <br />Wayne M. Anson, and Patricia A. Anson, husb :. d wife, to be eir volun act and deed. <br />j 1:16 <br />' GENERAL NOTARY-State of Nebraska <br />BRANDYJENNEMAN <br />My Comm. Exp. Sept. 17, 2011 <br />
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