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202406418
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Last modified
12/17/2024 3:58:08 PM
Creation date
12/17/2024 3:58:07 PM
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DEEDS
Inst Number
202406418
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202406418 <br />7. The proceeds of any condemnation award are hereby assigned and shall be <br />paid to Lender and shall be applied to the sums secured by this security instrument, <br />whether or not then due, with any excess paid to Trustor. <br />8. Any extensions or modifications of the loan granted by Lender to any <br />successor in interest of Trustor shall not operate to release the liability of the original <br />Trustor or Trustor's successors in interest. Any forbearance by Lender in exercising <br />any right or remedy shall not be a waiver of or preclude the exercise of any right or <br />remedy. <br />9. Any notice to Trustor provided for in this instrument shall be given by <br />certified mail, return receipt requested, unless Nebraska Law requires use of another <br />method, at the address of the property which is the subject of this Deed of Trust or at <br />such other address as may be directed by Trustor. <br />10. This security instrument and the Note which it secures shall be governed <br />by Nebraska Law. <br />11. Lender shall give notice to Trustor following Trustor's breach of any <br />covenant or agreement in this security instrument and the Note which it secures. The <br />notice shall specify (a) the breach, (b) the action required to cure the breach, (c)a date <br />not less than one month from the date the notice is sent to Trustor by which the <br />breach must be cured, and (d) that failure to cure the default on or before the date <br />specified in the notice may result in acceleration of the sum secured by this security <br />agreement and the sale of the property. The notice shall further inform Trustor of the <br />right to reinstate after acceleration, and the right to bring a court action to assert the <br />nonexistence of a breach or default or any other defense of Trustor to acceleration and <br />sale. If default is not cured on or before the date specified in the notice, Lender, at its <br />option, may require immediate payment in full of all sums secured by this Deed Of <br />Trust without further demand and may invoke the power of sale and any other <br />remedies permitted by Nebraska Law. <br />12. If the power of sale is invoked, Trustee shall record a notice of default in <br />each county in which any part of the property is located and shall mail copies of such <br />notice in the manner prescribed by Nebraska Law. Trustee shall give public notice of <br />sale to the persons and in the manner prescribed by Nebraska law. Trustee, without <br />demand on Trustor, shall 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. Trustee may <br />postpone sale of the property by public announcement at the time and place of any <br />previously scheduled sale. Lender or its designee may purchase the property at any <br />sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser <br />a Trustee's Deed conveying the property. The recitals in the Trustee's Deed shall be <br />prima facie evidence of the truth of the statements made therein. Trustee shall apply <br />the proceeds of the sale in the following order: (a) to all expenses of the sale including, <br />but not limited to, Trustee's fees as permitted by Nebraska Law; (b) to all sums <br />secured by this security instrument; and (c) any excess to the person or persons <br />legally entitled to it. <br />
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