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Last modified
11/15/2024 3:43:59 PM
Creation date
11/15/2024 3:43:58 PM
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DEEDS
Inst Number
202405810
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2024058/0 <br />specify, in addition to any other information required by Applicable Law: (i) the Default; (ii) the <br />action required to cure the Default; (iii) a date, not less than 30 days (or as otherwise specified by <br />Applicable Law) from the date the notice is given to Borrower, by which the Default must be <br />cured; (iv) that failure to cure the Default on or before the date specified in the notice may result in <br />acceleration of the sums secured by this Security Instrument and sale of the Property; (v) <br />Borrower's right to reinstate after acceleration; and (vi) Borrower's right to bring a court action to <br />deny the existence of a Default or to assert any other defense of Borrower to acceleration and sale. <br />(b) Acceleration; Power of Sale; Expenses. If the Default is not cured on or before the date <br />specified in the notice, Lender may require immediate payment in full of all sums secured by this <br />Security Instrument without further demand and may invoke the power of sale and any other <br />remedies permitted by Applicable Law. Lender will be entitled to collect all expenses incurred in <br />pursuing the remedies provided in this Section 20, including, but not limited to: (i) reasonable <br />attorneys' fees and costs; (ii) property inspection and valuation fees; and (iii) other fees incurred to <br />protect Lender's interest in the Property and/or rights under this Security Instrument. <br />(c) Notice of Sale; Sale of Property. If the power of sale is invoked, Trustee will record a <br />notice of Default in each county in which any part of the Property is located and will mail copies of <br />such notice, in the manner prescribed by Applicable Law, to Borrower and to the other required <br />recipients. After the time required by Applicable Law, Trustee will give public notice of sale to the <br />persons and in the manner prescribed by Applicable Law. Trustee, without further demand on <br />Borrower, will sell the Property at public auction to the highest bidder at the time and place and <br />under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcement <br />at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br />(d) Trustee's Deed; Proceeds of Sale. Upon receipt of payment of the price bid, Trustee will <br />deliver to the purchaser a Trustee's deed conveying the Property. The recitals in the Trustee's deed <br />will be prima facie evidence of the truth of the statements made in that deed. Trustee will apply the <br />proceeds of the sale in the following order: (i) to all costs and expenses of exercising the power of <br />sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable <br />attorneys' fees and costs, as permitted by Applicable Law; (ii) to all sums secured by this Security <br />Instrument; (iii) to the payment of junior trust deeds, mortgages or other lienholders, and (iv) any <br />excess to the person or persons legally entitled to it. <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender will <br />request Trustee to reconvey the Property and will surrender this Security Instrument and all Notes <br />evidencing the debt secured by this Security Instrument to Trustee. Upon such request, Trustee will <br />reconvey the Property without warranty to the person or persons legally entitled to it. Such person <br />or persons will pay any recordation costs associated with such reconveyance. Lender may charge <br />such person or persons a fee for reconveying the Property, but only if the fee is paid to a third <br />party (such as the Trustee) for services rendered and the charging of the fee is permitted under <br />Applicable Law. <br />22. Substitute Trustee. Lender may, from time to time, by itself or through the Loan Servicer, <br />remove Trustee and appoint a successor trustee to any Trustee appointed under this Security <br />Instrument by an instrument recorded in the county in which this Security Instrument is recorded. <br />Without conveyance of the Property, the successor trustee will succeed to all the rights, title, <br />power, and duties conferred upon Trustee in this Security Instrument and by Applicable Law. <br />23.Request for Notices. Borrower requests that copies of any notice of Default and/ornotice of <br />sale be sent to each party to this Security Instrument at the Notice Address as defined in Section <br />11(c). <br />NEBRASKA SUBORDINATE DEED OFtRIISTLL <br />Laser Forms Inc. #NIFA116 11/24 Initials: <br />Page 11 of 12 <br />1111 'Li NM <br />i.11 <br />
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