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201701068
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Last modified
7/3/2017 5:40:38 PM
Creation date
2/16/2017 3:27:08 PM
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DEEDS
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201701068
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-3- <br />201701008 <br />8. Protection of Assets. If Borrower fails to perform the covenants and <br />agreements herein contained, Lender may do and pay for whatever is necessary to protect <br />the value of the property and Lenders' rights in the property, including the paying of any <br />sum secured by a lien which has priority over this security instrument, appearing in Court, <br />paying reasonable attorney fees and entering the property to make repairs. Any amount <br />disbursed by Lender under this paragraph shall become an additional debt of Borrower <br />secured by this security instrument, to bear interest from the date of disbursement and said <br />amount, together with the then unpaid principal amount, shall bear interest at the highest <br />lawful rate until refunded by Borrower. <br />9. Condemnation. The proceeds of any condemnation award are hereby <br />assigned and shall be paid to Lender and shall be applied to the sums secured by this <br />security instrument, whether or not then due, with any excess paid to Borrower. <br />10. Extensions and Modifications. Any extensions or modifications of the loan <br />granted by Lender to any successor in interest of Borrower shall not operate to release the <br />liability of the original Borrower or Borrower's successors -in- interest. Any forbearance by <br />Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise <br />of any right or remedy. <br />11. Notices. Any notice to Borrower provided for in this security instrument shall <br />be given by delivering it or by mailing it by first class mail unless Nebraska Law requires <br />use of another method, at the Borrower's last known address. Borrower requests that <br />copies of all notices provided herein be sent to Borrower's address, which is: 4204 W. <br />Capital Ave., Grand Island, Nebraska 68803. <br />12. Nebraska Law. This security instrument and the Note which it secures shall <br />be governed by Nebraska Law. <br />13. Definite Remedies. Lender shall give notice to Borrower following <br />Borrower's breach of any covenant or agreement in this security agreement and the Note <br />which it secures. The notice shall specify (a) the default, (b) the action required to cure the <br />default, (c) a date not less than 30 days from the date the notice is given to Borrower by <br />which the default must be cured, and (d) that failure to cure the default on or before the <br />date specified in the notice may result in acceleration of the sum secured by this security <br />agreement and resale of the property. The notice shall further inform Borrower of the right <br />to reinstate, after acceleration, and the right to bring a court action to assert the <br />nonexistence of a default or any other defense of Borrower to acceleration and sale. If <br />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 Agreement without <br />further demand and may invoke the power of sale any other remedies permitted by <br />Nebraska Law. Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided in this paragraph, including, but not limited to, reasonable attorney fees <br />and costs of title evidence. <br />14. Power of Sale. If the power of sale is invoked, Trustee shall record a notice <br />of default in each county in which any part of the property is located and shall mail copies <br />of such notice in the manner prescribed by Nebraska law. Trustee shall give public notice <br />of sale to the persons and in the manner prescribed by Nebraska law. Trustee, without <br />
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