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201303289
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Last modified
12/31/2013 2:59:17 PM
Creation date
4/29/2013 12:27:37 PM
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DEEDS
Inst Number
201303289
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201303289 <br /> OMB Approval No.2502-0598 <br /> (Exp.04/30/2014) <br /> Property by public announcement at the time and place of any previously scheduled <br /> sale. Lender or Lender's designee may purchase the Mortgaged Property at any sale. <br /> (5) Trustee shall deliver to the purchaser at the sale, within a reasonable time after <br /> the sale, a Trustee's deed conveying the Mortgaged Property so sold without any <br /> covenant or warranty, express or implied. The recitals in Trustee's deed shall be prima <br /> facie evidence of the truth of the statements made therein. <br /> (6) The trustee shall apply the proceeds of the trustee's sale, first, to the costs and <br /> expenses of exercising the power of sale and of the sale, including the payment of the <br /> trustee's fees actually incurred not to exceed the amount which may be provided for in <br /> the trust deed, second, to payment of the obligation secured by the trust deed, third, to <br /> the payment of junior trust deeds, mortgages, or other lien holders, and the balance, if <br /> any, to the person or persons legally entitled thereto. <br /> 49. FUTURE ADVANCES: The following language supplements and is hereby <br /> incorporated by Section 49 of the Multifamily Deed of Trust, Security Instrument, <br /> Assignment of Rents, and Fixture Filing: Protection of Lender's Security: <br /> (1) Pursuant to the Nebraska Trust Deeds Act transfers in trust of real property may <br /> be made to secure (a) existing debts or obligations created simultaneously with the <br /> execution of the trust deed, (b) future advances necessary to protect the security, (c) <br /> any future advances to be made at the option of the parties, or (d) the performance of <br /> an obligation of any other person named in the trust deed to a beneficiary. <br /> (2) Future advances necessary to protect the security shall include, but not be <br /> limited to, advances for payment of real property taxes, special assessments, prior <br /> liens, hazard insurance premiums, maintenance charges imposed under a <br /> condominium declaration or other covenant, and costs of repair, maintenance, or <br /> improvements. <br /> (3) (a) Except as provided in subdivision (b) of this subsection, all items identified in <br /> subsection (1) of this section are equally secured by the trust deed from the time of filing <br /> the trust deed as provided by law and have the same priority as the trust deed over the <br /> rights of all other persons who acquire any rights in or liens upon the trust property <br /> subsequent to the time the trust deed was tiled. <br /> (b)(1) The trustor or his or her successor in title may limit the amount of optional <br /> future advances secured by the trust deed under subdivision (2) of this section by filing <br /> a notice for record in the office of the register of deeds of each county in which the trust <br /> property or some part thereof is situated. A copy of such notice shall be sent by certified <br /> mail to the beneficiary at the address of the beneficiary set forth in the trust deed. The <br /> amount of such secured optional future advances shall be limited to not less than the <br /> amount actually advanced at the time of receipt of such notice by the beneficiary. <br /> HUD-94000M-ADD <br /> Security Instrument-Addendum <br />
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