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200010371
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Last modified
10/13/2011 10:14:16 PM
Creation date
10/20/2005 10:28:05 PM
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DEEDS
Inst Number
200010371
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Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This <br />assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke <br />the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses <br />incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' <br />fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and <br />to the other persons prescribed by applicable law. After the time required by applicable law, Trustee, shall give public <br />notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, <br />shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated <br />in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all <br />or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender <br />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 deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power <br />of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to exceed % <br />of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as <br />permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons <br />legally entitled to it. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate <br />payment in full under paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single <br />Family Mortgage Foreclosure Act of 1994 ( "Act ") (12 U.S.C. 3751 et sea.) by requesting a foreclosure commissioner <br />designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the <br />preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this paragraph 18 <br />or applicable law. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person <br />or persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property address. <br />22. Riders to this Security butrument. If one or more riders are executed by Borrower and recorded together with <br />this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement <br />the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. <br />[Check applicable box(es)]. <br />Condominium Rider Graduated Payment Rider F1 Growing Equity Rider <br />Planned Unit Development Rider Adjustable Rate Rider Rehabilitation Loan Rider <br />Non -Owner Occupancy Rider Other [Specify] <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in pages 1 through 6 of this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br />(Seal) <br />RE CCA A. CERVANTES - Borrower <br />(Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />Witness: <br />(Seal) <br />EFkAIN CERVANTES - Borrower <br />Witness: <br />(Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />NEBRASKA -FHA DEED OF TRUST 6/96 <br />Document systems, Inc. (8W) 649 -1362 Page 5 of 6 <br />
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