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99108044
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Last modified
3/13/2012 6:55:41 PM
Creation date
10/21/2005 12:21:19 AM
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DEEDS
Inst Number
99108044
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�9 108044 <br /> instrument, Beneficiary may give Trustor a notice identifying the lien and Trustor shall satisfy <br /> the lien within ten(10) days. <br /> 5. Buyer shall keep the improvements on said premises insured against loss by fire <br /> and hazards included within the term "extended coverage" for their insurable value and policies <br /> for the same shall include a standard mortgage clause showing Beneficiary herein. In event of <br /> loss, Beneficiary may make proof of loss if not promptly made by Trustor. Insurance proceeds <br /> shall be applied to restoration or repair of the property damaged, unless both parties otherwise <br /> agree, except if proceeds shall be paid on the debt herein,whether or not then due. <br /> Unless Beneficiary and Trustor otherwise agree in writing, any payments or proceeds <br /> from insurance shall not extend or postpone the due date of the monthly payments provided in <br /> said note,or change the amount of the payments. <br /> 6. If Trustor fails to perform the covenants and agreements herein contained, <br /> Beneficiary may do and pay for whatever is necessary to protect the value of the propeity and <br /> Beneficiary's rights in the property, including the paying of any sum secured by a lien which has <br /> priority over this security instrument, appearing in court, paying reasonable attorney fees and <br /> entering the property to make repairs. Any amount disbursed by Beneficiary under this <br /> paragraph shall become an additional debt of Trustor secured by this security instrument, to bear <br /> interest from the date of disbursement and said amount, together with the then unpaid principal <br /> amount, shall bear interest at the highest lawful rate until refunded by Trustor. <br /> 7. The proceeds of any condemnation award are hereby assigned and shall be paid to <br /> Beneficiary and shall be applied to the sums secured by this security instrument, whether or not <br /> then due, with any excess paid to Trustor. <br /> 8. Any forbearance by Beneficiary in exercising any right or remedy shall not be a <br /> waiver of or preclude the exercise of any right or remedy. <br /> 9. Any notice to Trustor provided for in this security instrument shall be given by <br /> delivering it or may mailing it by first class mail unless Nebraska Law requires use of another <br /> method, at the Trustor's last known address. <br /> 10. This security instrument and the note, which it secures, shall be governed by <br /> Nebraska law. <br /> 11. Beneficiary shall give notice to Trustor following Trustor's breach of any <br /> covenant or agreement in this security agreement and the note, which it secures. The notice shall <br /> specify (a) the default, (b) the action required to cure the default, (c) a date not less than thirty <br /> (30) days from the date of the notice is given to Trustor by which the default must be cured, and <br /> (d) that failure to cure the default on or before the date specified in the notice may result in <br /> acceleration of the sum secured by this security agreement and resale of the property. The notice <br /> shall further inform Trustor of the right to reinstate, after acceleration, and the right to bring a <br /> court action to assert the nonexistence of a default or any other defense of Trustor to acceleration <br /> and sale. If default is not cured, on or before the date specified in the notice, Beneficiary, at its <br />
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