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200211460 <br />NON - UNIFORM COVENANTS. Borrower and Lender further Covenant and agree as follows: <br />17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of any covenant <br />ter agreement of Borrower in this Deed of Trust, including Borrower's failure to pay, by the end of 10 calendar days <br />after drey arc dun, any Vn1115 scoured by this Deed of Trust, Ienter prior tr acecluration shall give notice to Burrower <br />as provided in paragraph 12 hereof specifying: (1) die breach; (2) the action required to cure such breach; (J) a date, <br />not less than 20 days from the dare the notice is mailed to Borrower, by which such breach must be cured; and (4) that <br />failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured <br />by this Deed of Trust and sale of the Property. The notice shall further inform Borrower of the right to reinstate after <br />accelcralit{n and the right to bring a court action to assert the nonexistence of a default or any other defense of <br />Borrower 'ro acceleration and sale. It the breach is not cured on or before the date specified in die notice, Lender, <br />at Lender's Option, may declare all of the sums secured by this Deed of Trust to be immediately due and payable <br />without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender <br />shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided in this <br />paragraph 17, including, but not finned to, reasonable attorneys' fees. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which the Property or <br />some part thereof is located and shall mail copies of such notice in the mahmer prescribed by applicable law to <br />Borrower and hl the other peismu prescribed by applicable Iaw. After the lapse Of such tittle as may be required by <br />applicable law, Trustee Shall give public notice of sale to the persons and in the manner prescribed by applicable law. <br />Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the temps designated in die notice of sale in one rr more parcels and in such order as Trustee may <br />detemhine. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and <br />place of any previously scheduled sale. Lender or Lender's designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property sold. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made <br />theceiu. Trustee shall apply the proceeds of the sale in the following order (a) to all reasonable costs and expenses <br />of the sale, including, hilt not limited to, 't'rustee's fees actually incurred of not more than 5.000 % of <br />the gross sale price, reasotable attorneys' fees and costs of title evidence; (b) to all sums secured by this Deed of Trust; <br />and (c) the excess, if any, to the person ter persons legally entitled thereto. <br />18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed of <br />Trust, due in Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender to enforce <br />this Deed of Trust discontinued at any time prior to die earlier to occur of (i) the fifth day before sate of the Property <br />Pursuant to the power of sale contained in this Deed of Trust or (ti) entry of a judgment enforcing this Deed of Trust <br />if: (a) Borrower pays Lender all sums which would he then due under this Deed of Trust and the Note had no <br />acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained <br />in this Deed of Trust; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing (lie <br />covenant, and agrennents of Borrower contained in this Deed of Trust and in enforcing Lender's and Trustee's <br />remedies as provided in paragraph 17 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower <br />takes such adton as Lender may reasonably tequire to assure that the lien of this Deed of Trost, Lender's interest in <br />the Property and Borrower's obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. <br />Upon such payment and cure by Borrower, this Deed of Trust and the obligations secured hereby shall remain in full <br />force and effect as if no acceleration had occulted. <br />19. Assignment of Rents; Appoinhnent of R=ivcr; lender in Possession. As additional security hereunder. <br />Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under <br />paragraph 17 hereof or abandonment of the Property, have the right to collect and retain such rents as they become <br />due and payable. <br />Upon acceleration under paragraph 17 hereof or abandonment of the Property, Lender, in person, by agent or by <br />judicially appointed receiver shall he canted to enter upon, rake possession of and manage the Property and to collect <br />the cents Of die Property including those past due. All rents collected by lender or the receiver shall be applied first <br />to payment of the costs of mamhgenhent of the Property and collection of rents, including, but not limited m, receiver's <br />fees, premiums On receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Deed of Trust. <br />Lender and the receiver shall he liable to account only for those rents actually received. <br />20. Recmvey:mce. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to <br />reconvey the Property and shall surrender itiiI Decd of Trust and all notes evidencing indebtedness secured by this <br />Dcxt of Trust m Tmsrue. Trustee shall reconvey the Property without warranty and without charge to the person or <br />persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. <br />21. Substitute Trustee. Lender, an Lender's Option, may front time to time remove Trustee and appoint a successor <br />trustee tU any Trustee appointed hereunder by an instrument recorded in the county in which this Deed of Trust is <br />recorded. Without conveyance of the Property, the Successor trustee shall succeed to all the tide, power and duties <br />conferred upon the Trustee herein and by applicable law. <br />22. Request for Notices. Borrower requests that copies of the notice of default and notice of sale he .vent to <br />Borrower's address which is the Property Address. <br />REQUEST FOR NOTICE OF DEFAULT <br />AND FORECLOSURE UNDER SUPERIOR <br />MORTGA61tS OR DEEDS OF TRUST <br />Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which <br />has priority over this Deed of Trust uh give Notice to Lender, at Lender's address set forth on page one of this Deed <br />Of Trust of any default under the superior encumbrance and of any sale or other foreclosure action. <br />NEBRASKA - SECOND MORIGAGI7 - I /90.17NMA HILMC UNIFORM INSMUNIENP Dann3829 <br />n........,.. I' —L. m,. hemp Nay.uu Page 4 uI 5 <br />0- <br />A,Q/ <br />