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202405939
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Last modified
11/21/2024 3:55:43 PM
Creation date
11/21/2024 3:55:40 PM
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DEEDS
Inst Number
202405939
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202405939 <br />will specify, in addition to any other information required by Applicable Law: (i) the Default; (ii) <br />the action required to cure the Default; (iii) a date, not less than 30 days (or as otherwise specified <br />by 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 <br />in 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 <br />date specified in the notice, Lender may require immediate payment in full of all sums secured by <br />this 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 <br />to 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 <br />a notice of Default in each county in which any part of the Property is located and will mail copies <br />of 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 <br />the 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 <br />will deliver to the purchaser a Trustee's deed conveying the Property. The recitals in the Trustee's <br />deed will be prima facie evidence of the truth of the statements made in that deed. Trustee will <br />apply the proceeds of the sale in the following order: (i) to all costs and expenses of exercising the <br />power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br />reasonable attorneys' fees and costs, as permitted by Applicable Law; (ii) to all sums secured by <br />this Security Instrument; (iii) to the payment of junior trust deeds, mortgages or other lienholders, <br />and (iv) any excess to the person or persons legally entitled to it. <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender <br />will request Trustee to reconvey the Property and will surrender this Security Instrument and all <br />Notes evidencing the debt secured by this Security Instrument to Trustee. Upon such request, <br />Trustee will reconvey the Property without warranty to the person or persons legally entitled to it. <br />Such person or persons will pay any recordation costs associated with such reconveyance. Lender <br />may charge such person or persons a fee for reconveying the Property, but only if the fee is paid <br />to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted <br />under Applicable Law. <br />22. 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 is <br />recorded. Without conveyance of the Property, the successor trustee will succeed to all the rights, <br />title, power, and duties conferred upon Trustee in this Security Instrument and by Applicable Law. <br />NEBRASKA --Single Family --Freddie Mac/Fannie Mae Form 3800.28 12/2023 <br />STANDARDIZED SUBORDINATE DOCUMENT Page 12 of 13 <br />
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