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201508663
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12/22/2015 4:45:44 PM
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12/22/2015 4:37:30 PM
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DEEDS
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201508663
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51668048.5 <br />15. Protective Advances. <br />201508663 <br />law, hereby voluntarily and knowingly waives (i) any and all rights of redemption, and (ii) any <br />and all rights of reinstatement. <br />14. Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there <br />shall be allowed and included as additional indebtedness in the decree for sale all expenditures <br />and expenses which may be paid or incurred by or on behalf of Lender for appraiser's fees, <br />outlays for documentary and expert evidence, stenographic charges, publication costs and costs <br />(which may be estimated as to items to be expended after the entry of the decree) of procuring all <br />such abstracts of title, title searches and examination, guarantee policies, and similar data and <br />assurances with respect to title as Lender may deem to be reasonably necessary either to <br />prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true <br />condition of the title to or the value of the Mortgaged Property, and reasonable attorneys' fees, <br />all of which expenditures shall become so much additional Debt which Borrower agrees to pay <br />and all of such expenditures shall be immediately due and payable with interest thereon from the <br />date of expenditure until paid at the Default Rate. If the Debt is paid after the beginning of <br />publication of notice of sale or the filing of a petition for foreclosure, or in the event the Lender <br />shall, at its sole option, permit Borrower to pay any part of the Debt after the beginning of <br />publication of notice of sale or the filing of a petition for foreclosure, as herein provided, then <br />Borrower shall pay on demand all expenses incurred by the Lender in connection with said <br />publication or filing, and a fee to the Trustee, all to the extent allowed by Neb. Rev. Stat. §76- <br />1001, et seq. (Reissue 2009). <br />(a) Advances, disbursements and expenditures made by Lender for the <br />following purposes, whether before and during a foreclosure, and at any time prior to <br />sale, and, where applicable, after sale, and during the pendency of any related <br />proceedings, for the following purposes, shall, in addition to those otherwise authorized <br />by this Mortgage, constitute "Protective Advances ": <br />(i) all advances by Lender in accordance with the terms of this <br />Mortgage to: (A) preserve or maintain, repair, restore or rebuild the <br />improvements upon the Mortgaged Property; (B) preserve the lien of this <br />Mortgage or the priority thereof; or (C) enforce this Mortgage; <br />(ii) payments by Lender of: (A) when due, installments of principal, <br />interest or other obligations in accordance with the terms of any prior lien or <br />encumbrance; (B) when due, installments of Taxes and assessments, general and <br />special and all other Taxes and assessments of any kind or nature whatsoever <br />which are assessed or imposed upon the mortgaged real estate or any part thereof; <br />(C) other obligations authorized by this Mortgage; or (D) any other amounts in <br />connection with other liens, encumbrances or interests reasonably necessary to <br />preserve the status of title to the Mortgaged Property; <br />(iii) advances by Lender in settlement or compromise of any claims <br />asserted by claimants under any prior liens; <br />20 <br />
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