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202006618
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Last modified
9/4/2020 2:34:07 PM
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9/4/2020 2:34:07 PM
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DEEDS
Inst Number
202006618
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02U0661g <br />6. If BORROWER fails to perform the covenants and agreements contained herein and <br />in the accompanying note, LENDER may do and pay for whatever is necessary to protect the <br />value of the property and LENDER'S rights in the property, including the paying of any sum <br />secured by a lien which has priority over this security instrument, appearing in Court, paying <br />reasonable attorney fees to the extent allowed by law, and entering the property to make repairs. <br />Any amount disbursed by LENDER under this paragraph shall become an additional debt of <br />BORROWER secured by this security instrument, to bear interest from the date of disbursement <br />and said amount, together with the then unpaid principal amount, shall bear interest at the highest <br />lawful rate until refunded by BORROWER. <br />7. 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 security instrument, whether or not <br />then due, with any excess paid to BORROWER. <br />8. 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 <br />remedy shall not be a waiver or preclude the exercise of any right or remedy. <br />9. Any notice to BORROWER provided for in this security instrument shall be given by <br />delivering it or by mailing it by first class mail unless Nebraska Law requires use of another <br />method, at the BORROWER'S last known address. <br />10. This security instrument and the note that it secures shall be governed by Nebraska <br />law. <br />11. Lender shall give notice to Borrower following Borrower's breach of any covenant <br />or agreement in this Deed of Trust and the promissory note secured hereby. The notice shall <br />specify (a) the nature of the default; (b) the identity of this deed of trust as recorded in the county <br />records; and (c) a statement that Lender has elected to sell the property under the power of sale <br />set forth herein to satisfy the obligation secured by this deed of trust. Lender shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided in this paragraph, including, but <br />not limited to, reasonable trustee fees, publication costs and recording fees, reasonable attorney <br />fees, and costs of title evidence, including title insurance premiums reasonably expended. <br />12. 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 shall give public notice of sale to the persons and in the <br />manner prescribed by Nebraska law, 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 postpone <br />sale of all or any parcel of the property by public announcement at the time and place of any <br />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 Trustee's <br />Deed conveying the property. The recitals in the Trustee's Deed shall be prima facie evidence of <br />
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