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200602392
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200602392
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Last modified
3/22/2006 12:42:01 PM
Creation date
3/22/2006 12:42:00 PM
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DEEDS
Inst Number
200602392
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<br />" <br /> <br />200602392 <br /> <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and <br />to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give <br />public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on <br />Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms <br />designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone <br />sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled <br />sale. Lender or its 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. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the <br />power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' <br />fees as permitted by Applicable Law and not to exceed the amount which may be provided for in this Security <br />Instrument; (b) to all sums secured by this Security Instrument; (c) to the payment of junior deeds oftrust, mortgages <br />or other lienholders; and (d) any excess to the person or persons legally entitled to it. <br />23. Reconveyance. Upon Borrower's request and upon payment of all sums secured by this Security Instnllnent, <br />Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes and/or <br />agreements evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without <br />warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may <br />charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the <br />Trustee) for services rendered and the charging of the fee is pemlitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is <br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred <br />upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower, for himself or herself and for each party hereto, hereby requests a copy of <br />any notice of default and a copy of any notice of sale hereunder be mailed to them at the applicable Property addresses as <br />provided above. <br />26. Revolving Credit. This Security Instrument secures a revolving line of credit. The lien of this Security <br />Instrument shall continue until a release thereof is recorded pursuant to Nebraska law. In no event shall the lien of this <br />Security Instrument be eliminated because the anlount of the debt secured by this Security Instrument is reduced to zero. <br /> <br />[Signatures on Following Page) <br /> <br />Loan No: 6544500104 <br />Nebraska Home Equity Line of Credit Deed ofTrusl-Firsl Lien MERS Modified 1111111111111111111111 11111 11111 Illmlll 11111 11111 111I III I1I11111111 <br />-THE COMPLIANCE SOlIRn;, INC.- Page 13 of 14 <br />www.compliancel;ource.com <br /> <br />95044NE 07/02 <br />02OQ2~ The Compliance Source. Inc. <br />
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