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201704533
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201704533
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Last modified
7/6/2017 4:00:13 PM
Creation date
7/6/2017 4:00:13 PM
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DEEDS
Inst Number
201704533
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201704533 <br />transfer, assignment, conveyance, or transfer in violation of this provision, Lender shall have the <br />option to declare all sums secured hereby immediately due and payable. <br />8. If Borrower fails to perform the covenants and agreements contained herein, Lender <br />may do and pay for whatever is necessary to protect the value of the Property and Lender's rights <br />in the Property, including the paying of any sum secured by a lien that has priority over this <br />Deed of Trust, appearing in Court, paying reasonable attorney fees, and entering the Property to <br />make repairs. Any amount disbursed by Lender under this paragraph shall become an additional <br />debt of Borrower secured by this Deed of Trust, to bear interest from the date of disbursement, <br />and said amount, together with the then - unpaid principal amount, shall bear interest at the <br />highest lawful rate until refunded by Borrower. <br />9. The proceeds of any condemnation award are hereby assigned and shall be paid to <br />Lender and shall be applied to the sums secured by this Deed of Trust, whether or not then due, <br />with any excess to be paid to Borrower. <br />10. Any extensions or modifications of the loan granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrower or <br />Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be a waiver of or preclude the exercise of any right or remedy. <br />11. Any notice to Borrower provided for in this Deed of Trust shall be given by <br />delivering it or mailing it by First -Class Mail, unless Nebraska Law requires use of another <br />method, at the Borrower's last known address. <br />12. This Deed of Trust shall be governed by Nebraska Law. <br />13. Lender shall give notice to Borrower following Borrower's breach of any covenant <br />or agreement in this Deed of Trust and the Debt that it secures. The notice shall specify (a) the <br />default, (b) the action required to cure the default, (c) a date not less than ten (10) days from the <br />date the notice is given to Borrower by which the default must be cured, and (d) that failure to <br />cure the default on or before the date specified in the notice may result in acceleration of the sum <br />secured by this Deed of Trust and sale of the Property pursuant to the power of sale granted <br />herein. The notice shall further inform Borrower of the right to reinstate after acceleration and <br />the right to bring a court action to assert the nonexistence of a default or any other defense of <br />Borrower to acceleration and sale. <br />If default is not cured on or before the date specified in the notice, Lender, at its option, <br />may require immediate payment in full of all sums secured by this Deed of Trust without further <br />demand and may invoke the power of sale and any other remedies permitted by Nebraska Law. <br />Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this <br />paragraph or otherwise taken to protect its interest in collateral described in this Deed of Trust or <br />enforce any provisions hereof, including but not limited to reasonable attorney fees and costs of <br />title evidence. <br />14. If the power of sale is invoked, Trustee shall record a notice of default in each county <br />in which any part of the Property is located and shall mail copies of such notice in the manner <br />prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the Property at <br />Page 4 of 6 <br />
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