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202406659
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Last modified
12/30/2024 4:10:30 PM
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12/30/2024 4:10:29 PM
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DEEDS
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202406659
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202406659 <br />disposition of such property and if such notice is sent to Trustor at the address above <br />set forth, it shall constitute reasonable notice to Trustor. <br />(iv) Should Trustee elect to sell the Property which is real property or <br />which it has elected to treat as real property, upon such election, Trustee shall give <br />such Notice of Default and election to sell as may then be required by law. <br />Thereafter, upon the expiration of such time and the giving of such Notice of Sale <br />as may then be required by law, Trustee, at the time and place specified by the <br />Notice of Sale, shall sell such Property, or any portion thereof specified by Trustee, <br />at public auction to the highest bidder for cash in lawful money of the United States. <br />Trustee may, and upon request of Beneficiary shall, from time to time, postpone <br />the sale by public announcement thereof at the time and place noticed therefor. If <br />the Property consists of several lots or parcels, Trustee may designate the order in <br />which such lots or parcels shall be offered for sale or sold. Any person, including <br />Trustor, Trustee, or Beneficiary may purchase at the sale. Upon any sale, Trustee <br />shall execute and deliver to the purchaser or purchasers, a deed or deeds conveying <br />the property so sold, but without any covenant or warranty whatsoever, express or <br />implied, whereupon such purchaser or purchasers shall be led into immediate <br />possession. <br />(v) This instrument shall be effective as a mortgage as well as a deed of <br />trust and upon the occurrence of an Event of Default may be foreclosed as to any <br />of the Property in any manner permitted by the laws of the State of Nebraska or of <br />any other state in which any part of the Property is situated, and any foreclosure <br />suit may be brought by the Trustee or by the Beneficiary. In the event a foreclosure <br />hereunder shall be commenced by the Trustee, or its substitute or successor, the <br />Beneficiary may at any time before the sale of the Property direct the said Trustee <br />to abandon the sale, and may then institute suit for the collection of the Notes and <br />the other Obligations, and for the foreclosure of this Deed of Trust. It is agreed that <br />if the Beneficiary should institute a suit for the collection of the Notes or any other <br />Obligations and for the foreclosure of this Deed of Trust the Beneficiary may at <br />any time before the entry of a final judgment in said suit dismiss the same, and <br />require the Trustee or his substitute or successor to sell the Property in accordance <br />with the provisions of this Deed of Trust. <br />(vi) In the event of a sale or other disposition of any such property, or <br />any part thereof, and the execution of a deed or other conveyance pursuant thereto, <br />the recitals therein of facts, such as default, the giving of Notice of Default, and <br />Notice of Sale, terms of sale, purchaser, payment of purchase money, and any other <br />fact affecting the regularity or validity of such sale or disposition, shall be <br />conclusive proof of the truth of such facts; and any such deed or conveyance shall <br />be conclusive proof against all persons as to such facts recited herein. <br />(vii) The proceeds of any sale or disposition hereunder, together with any <br />other sums which then may be held by Trustee or Beneficiary under this Deed of <br />Trust, whether under the provisions of this paragraph, or otherwise, shall be applied <br />as follows: FIRST, to the expenses of such sale or disposition together with <br />
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