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201507147
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10/20/2015 8:31:01 AM
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10/20/2015 8:31:00 AM
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DEEDS
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201507147
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between 12/13/02 and 9/30/03 will be 1 percent.) <br />22. Processing Charge. Upon application for approval to allow assumption of this loan, a <br />processing fee may be charged by the loan holder or its authorized agent for determining the <br />creditworthiness of the assumer and subsequently revising the holder's ownership records when an <br />approved transfer is completed. The amount of this charge shall not exceed the maximum established by <br />the Department of Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States <br />Code applies. <br />23. Indemnity Liability. If this obligation is assumed, then the assumer hereby agrees to assume <br />all of the obligations of the veteran under the terms of the instruments creating and securing the loan. The <br />assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim <br />payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />24. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration <br />following Borrower's breach of any covenant or agreement in this Security Instrument (but not <br />prior to acceleration under Section 17 unless Applicable Law provides otherwise). The notice shall <br />specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days <br />from the date the notice is given to Borrower, by which the default must be cured; and (d) that <br />failure to cure the default on or before the date specified in the notice may result in acceleration of <br />the sums secured by this Security Instrument and sale of the Property. The notice shall further <br />inform Borrower of the right to reinstate after acceleration and the right to bring a court action to <br />assert the non - existence of a default or any other defense of Borrower to acceleration and sale. If <br />the default is not cured on or before the date specified in the notice, Lender at its option may <br />require immediate payment in full of all sums secured by this Security Instrument without further <br />demand and may invoke the power of sale and any other remedies permitted by Applicable Law. <br />Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this <br />Section 24, including, but not limited to, reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in <br />which any part of the Property is located and shall mail copies of such notice in the manner <br />prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. <br />After the time required by Applicable Law, Trustee shall give public notice of sale to the persons <br />and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell <br />the Property at public auction to the highest bidder at the time and place and under the terms <br />designated in the notice of sale in one or more parcels and in any order Trustee determines. <br />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 <br />any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's <br />deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of <br />the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the <br />following order: (a) to all costs and expenses of exercising the power of sale, and the sale, <br />including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as <br />permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any <br />excess to the person or persons legally entitled to it. <br />25. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />11111111111 1 111111 1 1 1111 <br />* 3 0 0 0 1 0 4 3 2 0* <br />NEBRASKA —Sing e Family— UNIFORM INSTRUMENT <br />Accenture Mortgage Cadence Document Center © <br />3773 01/14 <br />Page 13 of 15 <br />11111111 11 D 111 <br />201507147 <br />
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