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202101685
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Last modified
3/1/2021 4:39:07 PM
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3/1/2021 4:39:07 PM
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DEEDS
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202101685
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202101685 <br />4. If Lender determines that any part of the property is subject to a lien, which is or may <br />attain priority over this security instrument, Lender may give Borrower a notice <br />identifying the lien and Borrower shall satisfy the lien within ten (10) days. <br />5. Borrower shall keep the improvements on said premises insured against loss by fire <br />and hazards included within the term "extended coverage", for their insurable value and <br />policies for the same shall include a standard mortgage clause showing Lender herein. <br />In event of loss, Lender may make proof of loss if not promptly made by Borrower. <br />Insurance proceeds shall be applied to restoration or repair of the property damaged, <br />unless both parties otherwise agree, except if restoration or repair is not economically <br />feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the <br />debt herein, whether or not then due. <br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from <br />insurance shall not extend or postpone the due date of the monthly payments provided in <br />said Note, or change the amount of the payments. <br />6. If Borrower fails to perform the covenants and agreements herein contained, Lender <br />may do and pay for whatever is necessary to protect the value of the property and <br />Lender's rights in the property, including the paying of any sum secured by a lien which <br />has priority over this security instrument, appearing in Court, paying reasonable attorney <br />fees and entering the property to make repairs. Any amount disbursed by Lender under <br />this paragraph shall become an additional debt of Borrower secured by this security <br />instrument, to bear interest from the date of disbursement and said amount, together with <br />the then unpaid principal amount, shall bear interest at the highest lawful rate until <br />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 <br />not 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 />Borrowers, successors in interest. Any forbearance by Lender in exercising any right or <br />remedy shall not be a waiver of 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 may mailing it by first class mail unless Nebraska law requires use of <br />another method, at the Borrowers' last known address. <br />10. This security instrument, and the Note which it secures, shall be governed by <br />Nebraska law. <br />11. Lender shall give notice to Borrower following Borrowers' breach of any covenant or <br />agreement in this security agreement and the Note which it secures. The notice shall <br />specify (a) the default, (b) the action required to cure the default, (c) a date not less than <br />thirty (30) days from the date the notice is given to Borrower by which the default must <br />be cured, and (d) that failure to cure the default on or before the date specified in the <br />notice may result in acceleration of the sum secured by this security agreement and resale <br />of the property. The notice shall further inform Borrower of the right to reinstate, after <br />acceleration, and the right to bring a Court action to assert the nonexistence of a default <br />or any other defense of Borrower to acceleration and sale. If default is not cured, on or <br />before the date specified in the notice, Lender, at its option, may require immediate <br />payment in full of all sums secured by this Security Agreement without further demand <br />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 <br />in this paragraph, including, but not limited to, reasonable attorney fees and costs of title <br />evidence. <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 <br />manner prescribed by Nebraska law. Trustee shall give public notice of sale to the <br />2 <br />CFRA DOT 01.2021 <br />
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