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200400567
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Last modified
10/16/2011 11:30:47 AM
Creation date
10/20/2005 11:04:25 PM
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DEEDS
Inst Number
200400567
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200400567 <br />instrument, Beneficiary may give Trustor a notice identifying the lien and Trustor shall <br />satisfy the lien within ten (10) days. <br />5. Buyer 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 Beneficiary herein. In <br />event of loss, Beneficiary may make proof of loss if not promptly made by Trustor. Insurance <br />proceeds shall be applied to restoration or repair of the property damaged, unless both parties <br />otherwise agree, except if proceeds shall be paid on the debt herein, whether or not then due. <br />Unless Beneficiary and Trustor otherwise agree in writing, any payments or proceeds <br />from insurance shall not extend or postpone the due date of the monthly payments provided <br />in said note, or change the amount of the payments. <br />6. If Trustor fails to perform the covenants and agreements herein contained, <br />Beneficiary may do and pay for whatever is necessary to protect the value of the property and <br />Beneficiary'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 fees <br />and entering the property to make repairs. Any amount disbursed by Beneficiary under this <br />paragraph shall become an additional debt of Trustor secured by this security instrument, to <br />bear interest from the date of disbursement and said amount, together with the then unpaid <br />principal amount, shall bear interest at the highest lawful rate until refunded by Trustor. <br />7. The proceeds of any condemnation award are hereby assigned and shall be paid <br />to Beneficiary and shall be applied to the sums secured by this security instrument, whether <br />or not then due, with any excess paid to Trustor. <br />8. Any forbearance by Beneficiary in exercising any right or remedy shall not be a <br />waiver of or preclude the exercise of any right or remedy. <br />9. Any notice to Trustor 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 another <br />method, at the Trustor's last known address. <br />10. This security instrument and the note, which it secures, shall be governed by <br />Nebraska law. <br />11. Beneficiary shall give notice to Trustor following Trustor's breach of any <br />covenant or agreement in this security agreement and the note, which it secures. The notice <br />shall 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 of the notice is given to Trustor by which the default must be <br />cured, and (d) that failure to cure the default on or before the date specified in the notice may <br />result in acceleration of the sum secured by this security agreement and resale of the <br />property. The notice shall further inform Trustor of the right to reinstate, after acceleration, <br />and the right to bring a court action to assert the nonexistence of a default or any other <br />defense of Trustor to acceleration and sale. If default is not cured, on or before the date <br />specified in the notice, Beneficiary, at its option, may require immediate payment in full of all <br />sums secured by this Security Agreement without further demand and may invoke the power <br />of sale and any other remedies permitted by Nebraska law. Beneficiary shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided in this paragraph, including <br />but not limited to reasonable attorney fees and costs of title evidence. <br />
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