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202500914
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Last modified
2/21/2025 3:34:13 PM
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2/21/2025 3:34:13 PM
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DEEDS
Inst Number
202500914
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RE-RECORDS) 2025 0091 4 20250081 8 <br />11. The proceeds of any condemnation award are hereby <br />assigned and shall be paid to LENDERS and shall be applied to the <br />sums secured by this security instrument, whether or not then due, <br />with any excess paid to BORROWER. <br />12. Any extensions or modifications of the loan granted by <br />LENDERS to any successor in interest of BORROWER shall not operate <br />to release the liability of the original BORROWER or BORROWER'S <br />successors in interest. Any forbearance by LENDERS in exercising <br />any right or remedy shall not be a waiver of or preclude the <br />exercise of any right or remedy. <br />13. Any notice to BORROWER provided for in this security <br />instrument shall be given by delivering it or mailing it by First <br />Class Mail unless Nebraska law requires use of another method, at <br />the BORROWER'S last known address. <br />14. This security instrument and the note which it secures <br />shall be governed by Nebraska law. <br />15. LENDERS shall give notice to BORROWER following <br />BORROWER'S breach of any covenant or agreement in this security <br />agreement and the note which it secures. The notice shall specify: <br />(a) The default; <br />(b) The action required to cure the default; <br />(c) A date not less than thirty (30) days from the date <br />the notice is given to BORROWER by which the <br />default must be cured, and; <br />(d) That failure to cure the default on or before the <br />date specified in the notice may result in <br />acceleration of the sum secured by this security <br />agreement and resale of the property. The notice <br />shall further inform BORROWER of the right to <br />reinstate, after acceleration, and the right to <br />bring a Court action to assert the nonexistence of <br />a default or any other defense of BORROWER to <br />acceleration and sale. If default is not cured, on <br />or before the date specified in the notice, <br />LENDERS, at their option, may require immediately <br />payment in full of all sums secured by this <br />security agreement without further demand and may <br />invoke the power of sale and any other remedies <br />permitted by Nebraska law. LENDERS shall be <br />entitled to collect all expenses incurred in <br />pursuing the remedies provided in this paragraph, <br />including but not limited to reasonable attorney <br />fees and costs of title evidence. <br />16. If the power of sale is invoked, TRUSTEE shall record a <br />notice of default in each County in which any part of the property <br />is located and shall mail copies of such notice in the manner <br />prescribed by Nebraska law. The TRUSTEE shall give public notice <br />of sale to the persons and in the manner prescribed by Nebraska <br />law. The TRUSTEE, without demand on BORROWER, shall sell the <br />property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one <br />or more parcels and in any order TRUSTEE determines. The TRUSTEE <br />may postpone sale of all or any parcel of the property by public <br />announcement at the time and place of any previously scheduled <br />sale. LENDERS or their designee may purchase the property at any <br />sale. <br />3 <br />
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