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201901869
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4/1/2019 4:04:49 PM
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4/1/2019 4:04:48 PM
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DEEDS
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201901869
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201901869 <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 />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale, in one or more parcels and in any order Trustee determines. Trustee may <br />postpone sale of all or any parcel of the Property by public announcement at the time and place <br />of any previously -scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser a <br />Trustee's Deed conveying the Property. Trustee shall apply the proceeds of sale in the following <br />order: (a) to all expenses of the sale, including but not limited to Trustee's fees as permitted by <br />Nebraska law and reasonable attorney fees; (b) to all sums secured by this Deed of Trust; and (c) <br />any excess to the person or persons legally entitled to it. <br />15. As additional security for the Debt, Borrower hereby assigns all rents, issues, and <br />profits of the Property to Lender. Upon acceleration under Section 13 or abandonment of the <br />Property, Lender (in person, by agent, or by judicially -appointed receiver) shall be entitled to <br />enter upon, take possession of, and manage the Property and to collect the rents of the Property, <br />including those past due. Any rents collected by Lender or the receiver shall be applied first to <br />payment of the costs of management of the Property and collection of rents, including but not <br />limited to receiver's fees, premiums on receiver's bonds, and reasonable attorney fees, and then <br />to the sums secured by this Deed of Trust. <br />16. Upon payment of all sums as provided herein, Lender shall direct Trustee to <br />reconvey the Property and shall surrender this Deed of Trust and the Debt secured hereby. <br />Trustee shall reconvey the Property without warranty and without charge to the persons legally <br />entitled to it. <br />17. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />Trustee by an instrument recorded in the county in which this Deed of Trust is recorded. <br />Without conveyance of the property, the successor Trustee shall succeed to all the title, power, <br />and duties conferred upon Trustee herein and by Nebraska Law. <br />Page 5 of 6 <br />
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