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201603156
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Last modified
7/24/2017 1:54:27 PM
Creation date
5/20/2016 1:55:16 PM
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DEEDS
Inst Number
201603156
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2� 1 ��315� <br /> N�N-UNiF�RM C�VENANTS.Borro�er and Lender further covenant and agree as follaw�: <br /> 2�,A�celeration;Remedies.Lender shall gi�e natice t�Borr�wer pr�or t�ac�el�ration fol�owing Borrow�r'S <br /> breach of any�o�enant ar agreement�n this Security Instrument[but no�priorto ac�el�ration underSection 18 <br /> unless Appli�able Law pro►v�des otherwis�}.The notice shall specify:�a��he default;�b}the acti�n requjred to Cure <br /> the default; ��}a date,nat Iess than 34 days fr�m�he da�e the n�tic�is gi�Qn to Borrower,by wh�ch the default <br /> must b�cured; and(d]that failure tn cure the default�n or b�fore�he date spec��ed in the natice may result in <br /> acceleratian of the sums secured by this SeCurity Instrument and sale of the Prop�rty.The n�tice shali further <br /> inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the <br /> non-�xistQnce of a default or any other defense of Bvrrower to acceleratian and sale.If the default is not cured�n <br /> or before the date spe�ified in the noti�e,L�nder at its�pti�n may require immediat��aymen�in fuil of al�5ums <br /> secured by this Security In��rumen�withaut fur�her demand and rnay in�ok�fhe power of sale and any other <br /> remedies p�rmit�ed by Applicable Law.Lender shall be entitled tv collect ail expen5es incurred in pur5uing the <br /> remedies pro�ided �n this Section�Z,inciuding,but not limited to, reasonable attorneys'fees and costs vf title <br /> e�id�nce. <br /> If the power of sale is in�oked,'I�-ustee shall record a noti�e of defau�t in each county in whi�h any part of the <br /> Property i5 located and shall mail copies of such notice in�he manner prescribed byApplicable Law to Borrower <br /> and t�the other persons prescribed by Applicab�e Law.After the time required by Applicable Law,TCll5tQ�5h7�I <br /> gi�e public notice of sale tu the person5 and �n the manner pres�ribed by Applicable Law. Trustee, without <br /> d�mand on Borrawer,shall sell the Praperty at pub�ic auction to the highest bid�er at the time and place and <br /> under�he t�rm5 de5ignate� in the notic� �f�al� in one or more parcels and in any order Trustee determines. <br /> Trustee may pastpone sale�f all or any parcel of the Property by public announcement at the tim�and piace of <br /> any pre�iously s�heduled sale.Lender or its designee may purchase the Pr�pQrty at any sale. <br /> Upon receipt of payment vf the price bid,Trustee shall deli�er to the purchaser Truste�'s deed con�eying the <br /> Praperty.The rec�tals in the Trus�ee's deed shall be prima fac�e ��iden�e of the truth of the sta�em�nts made <br /> therein. Trustee shal� apply the pro�eeds vf the sale in the foll�w�ng order: (a} ta ali costs and expenses af <br /> ex�rcising the p�wer vf sale, and the sale, including the payment of the Trus�ee's fees actually incurred and <br /> reasonable attorneys'fees as perm itted by Applicable Law;tb�to alI sums secured by thi5 Security Instrument; <br /> and���any excess to the person or persans lega��y entxtled to it. <br /> �3.Rec�n�eyance.Upon payment of a11 sums secured b�this Security Instrument,Lender shall request Trustee to <br /> re-con��y the Property and sha11 surrender this Security Instrument and a11 notes evid�ncing debt secured by�his Security <br /> Ins�rument to Truste�.Trustee sha�1 re�on�ey the Property v�ithout warranty to the person or persons legally er�t��led t�it. <br /> Su�h persnn or persans sha11 pay any recardation co5ts.Lend�r may charge such persan or persons a fee far recan�eying <br /> the Prop�rty,but anly if the fee is pa�d to a third party�su�h as the Trustee�for ser�ices rendered and the charging of�he <br /> fee is permitted under App�icable Law. <br /> �4.Substitut�Truste�.Lender,a�rts�ption,may from time to time remo�e Trustee and appaint a succe�sor trustee <br /> to any Trustee appointed hereunder by an �nstrument recorded in the �ounty in vvhich this Security Instrument is <br /> recorded. Without conveyance �f the Pr�perty, the success�r trustee shall succeed to all the ti�ie, po�ver and du�ies <br /> conferred upon Trustee herein and b}�Applicabl�Law. <br /> 2�. Request for Notice5. Borrower reguests that copies of the notice of default and sa��be sen�to Borrower's <br /> address which is the Prflperty Address. <br /> NEBRASKA-Single Family-Fann��MaelFred�ie�lac UNIF�RM[NSTRU�ENTwith�IERS Fo 0� 0� <br /> Page�2 af 13 <br /> IDS,Er�c.-�0�27 Bor�ower�s}Init�als <br />
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