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202110130
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11/30/2021 4:02:48 PM
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11/30/2021 4:02:48 PM
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DEEDS
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202110130
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202110130 <br />2110371149 <br />Lender's interest in the Property, then Lender, at Lender's option, upon notice to Borrower, may make such <br />appearances, disburse such sums, including reasonable attorney's fees, and take such action as is necessary to <br />protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by <br />this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such <br />time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written <br />agreement or applicable law. <br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note <br />rate, shall become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and <br />Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower <br />requesting payment thereof. Nothing contained in this paragraph 7 shall require Lender to incur any expense <br />or take any action hereunder. <br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the <br />Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable <br />cause therefore related to Lender's interest in the Property. <br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in <br />connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu <br />of condemnation, are hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed <br />of trust or other security agreement with a lien which has priority over this Deed of Trust. <br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any <br />successor in interest of Borrower shall not operate to release, in any manner, the liability of the original <br />Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings <br />against such successor or refuse to extend time for payment or otherwise modify amortization of the sums <br />secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's <br />successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise <br />afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. <br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and <br />agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and <br />assigns of Lender and Borrower, subject to the provisions of paragraph 16 hereof. All covenants and <br />agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does <br />not execute the Note, (a) is co-signing this Deed of Trust only to grant and convey that Borrower's interest in <br />the Property of Trustee under the teens of this Deed of Trust, (b) is not personally liable on the Note or under <br />this Deed of Trust, and (c) agrees that Lender and any other Borrower hereunder may agree to extend, <br />modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the <br />Note, without that Borrower's consent and without releasing that Borrower or modifying this Deed of Trust <br />as to that Borrower's interest in the Property. <br />12. Notice. Except for any notice required under applicable law to be given in another manner, (a) <br />any notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such <br />notice by first class mail addressed to Borrower at the Property Address or at such other address as Borrower <br />may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by first <br />class mail to Lender's address stated herein or to such other address as Lender may designate by notice to <br />Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been <br />given to Borrower or Lender when given in the manner designated herein. <br />13. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be <br />the laws of the jurisdiction in which the Property is located. The foregoing sentence shall not limit the <br />applicability of Federal law to this Deed of Trust. In the event that any provision or clause of this Deed of <br />Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of <br />Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions <br />of this Deed of Trust and the Note are declared to be severable. As used herein, "costs", "expenses" and <br />NEBRASKA - SECOND DEED OF TRUST - 03/18 <br />cx 496.28 Page 4 of 8 <br />
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