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7/13/2023 3:23:46 PM
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7/13/2023 3:23:44 PM
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DEEDS
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202303550
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202303550 <br />Default; (ii) the action required to cure the Default; (iii) a date, not less than 30 days (or as <br />otherwise specified by Applicable Law) from the date the notice is given to Borrower, by which <br />the Default must be cured; (iv) that failure to cure the Default on or before the date specified <br />in the notice may result in acceleration of the sums secured by this Security Instrument and <br />sale of the Property; (v) Borrower's right to reinstate after acceleration; and (vi) Borrower's right <br />to bring a court action to deny the existence of a Default or to assert any other defense of <br />Borrower to acceleration and sale. <br />(b) Acceleration; Power of Sale; Expenses. If the Default is not cured on or before the <br />date specified in the notice, Lender may require immediate payment in full of all sums secured <br />by this Security Instrument without further demand and may invoke the power of sale and any <br />other remedies permitted by Applicable Law. Lender will be entitled to collect all expenses <br />incurred in pursuing the remedies provided in this Section 26, including, but not limited to: <br />(i) reasonable attorneys' fees and costs; (ii) property inspection and valuation fees; and (iii) <br />other fees incurred to protect Lender's interest in the Property and/or rights under this Security <br />Instrument. <br />(c) Notice of Sale; Sale of Property. If the power of sale is invoked, Trustee will record <br />a notice of Default in each county in which any part of the Property is located and will mail <br />copies of such notice, in the manner prescribed by Applicable Law, to Borrower and to the <br />other required recipients. After the time required by Applicable Law, Trustee will give public <br />notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without <br />further demand on Borrower, will sell the Property at public auction to the highest bidder at <br />the time and place and under the terms designated in the notice of sale in one or more parcels <br />and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the <br />Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />(d) Trustee's Deed; Proceeds of Sale. Upon receipt of payment of the price bid, <br />Trustee will deliver to the purchaser a Trustee's deed conveying the Property. The recitals in <br />the Trustee's deed will be prima facie evidence of the truth of the statements made in that <br />deed. Trustee will apply the proceeds of the sale in the following order: (i) to all costs and <br />expenses of exercising the power of sale, and the sale, including the payment of the Trustee's <br />fees actually incurred and reasonable attorneys' fees and costs, as permitted by Applicable <br />Law; (ii) to all sums secured by this Security Instrument; and (iii) any excess to the person or <br />persons legally entitled to it. <br />27. Reconveyance. Upon payment of all sums secured by this Security Instrument, <br />Lender will request Trustee to reconvey the Property and will surrender this Security <br />Instrument and all Notes evidencing the debt secured by this Security Instrument to Trustee. <br />Upon such request, Trustee wilt reconvey the Property without warranty to the person or <br />persons legally entitled to it. Such person or persons will pay any recordation costs associated <br />with such reconveyance. Lender may charge such person or persons a fee for reconveying the <br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered <br />and the charging of the fee is permitted under Applicable Law. <br />28. Substitute Trustee. Lender may, from time to time, by itself or through the Loan <br />Servicer, remove Trustee and appoint a successor trustee to any Trustee appointed under this <br />Security Instrument by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee will succeed to all <br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />FORM 3028 07/2021 <br />Page 21 of 22 <br />Powered by Docu Prep Inc. 2023 61 5846 <br />
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