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6/19/2024 3:43:27 PM
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6/19/2024 3:43:25 PM
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DEEDS
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202402755
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202402755 <br />13701872 <br />18 only, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not <br />limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales <br />contract, or escrow agreement, the intent of which is the transfer of title by Borrower to a purchaser at a <br />future date. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Instrument. However, Lender will not exercise this option if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender will give Borrower notice of acceleration. The notice will <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these <br />sums prior to, or upon, the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower and will be entitled to collect all expenses <br />incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys' fees and costs; (b) <br />property inspection and valuation fees; and (c) other fees incurred to protect Lender's Interest in the Property <br />and/or rights under this Security Instrument. <br />19. Borrower's Right to Reinstate the Loan after Acceleration. If Borrower meets certain <br />conditions, Borrower shall have the right to reinstatement of a mortgage . However, Lender is not required to <br />reinstate if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within <br />two years immediately preceding the commencement of a current foreclosure proceedings; (ii) reinstatement <br />will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the <br />priority of the lien created by this Security Instrument. This right to reinstate will not apply in the case of <br />acceleration under Section 18. <br />To reinstate the Loan, Borrower must satisfy all of the following conditions: (aa) pay Lender all <br />sums that then would be due under this Security Instrument and the Note as if no acceleration had occurred; <br />(bb) cure any Default of any other covenants or agreements under this Security Instrument or the Note; (cc) <br />pay all expenses incurred in enforcing this Security Instrument or the Note, including, but not limited to: (i) <br />reasonable attorneys' fees and costs; (ii) property inspection and valuation fees; and (iii) other fees incurred <br />to protect Lender's interest in the Property and/or rights under this Security Instrument or the Note; and (dd) <br />take such action as Lender may reasonably require to assure that Lender's interest in the Property and/or <br />rights under this Security Instrument or the Note, and Borrower's obligation to pay the sums secured by this <br />Security Instrument or the Note, will continue unchanged. <br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the <br />following forms, as selected by Lender: (aaa) cash; (bbb) money order; (ccc) certified check, bank check, <br />treasurer's check, or cashier's check, provided any such check is drawn upon an institution whose deposits are <br />insured by a U.S. federal agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer. Upon <br />Borrower's reinstatement of the Loan, this Security Instrument and obligations secured by this Security <br />Instrument will remain fully effective as if no acceleration had occurred. <br />20. Sale of Note. The Note or a partial interest in the Note, together with this Security Instrument, <br />may be sold or otherwise transferred one or more times. Upon such a sale or other transfer, all of Lender's <br />rights and obligations under this Security Instrument will convey to Lender's successors and assigns. <br />FHA Nebraska Deed of Trust <br />[c 26143.4 <br />1 <br />Initials: <br />01/2023 <br />Page 16 of 20 <br />5/V <br />
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