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200605274
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6/13/2006 4:15:09 PM
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6/13/2006 4:15:07 PM
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DEEDS
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200605274
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<br />200605274 <br /> <br />recordable form duly executed by the Trustee. The reconveyance <br />may designate the grantee therein as the person or persons entitled <br />thereto. The Lender shall, upon receipt of a written request, <br />deliver to Borrower or its successor in interest, as directed in the <br />written request, the trust deed and the note or other evidence of the <br />obligation so satisfied." <br /> <br />Section 17.4 POWER OF SALE OR FORECLOSURE. At any time following the occurrence <br />and during the continuance of any Event of Default, Trustee may, and upon written request of <br />Lender shall, by such agents as it may appoint, with or without entry, sell all the Property as an <br />entirety or in parcels as Lender shall request in writing, or, in the absence of such request, as <br />Trustee may determine, at public auction at the Property or at the courthouse .in the County in <br />which the Property is located, at such time, in such manner and upon such terms as Trustee may <br />fix and briefly specify in the notice of sale and as may be required by law, which notice of sale <br />shall state the time when, and the place where, the sale is to be held, shall contain a brief general <br />description ofthe property to be sold, and shall be sufficiently given if published once a week for <br />five successive weeks prior to such sale, the last publication to be at least ten (10) days but not <br />more than thirty (30) prior to the sale, in a newspaper having a general circulation in the County <br />in which the Property is located. <br /> <br />Or, at the option of the Lender in the exercise of its remedies hereunder, this Security <br />Instrument may be foreclosed in the manner provided by law for the foreclosure of mortgages on <br />real property. <br /> <br />Section 17.5 BORROWER'S RIGHT TO REINSTATE. Notwithstanding Lender's <br />acceleration of the sums secured by this Security Instrument as provided in Section 8.1 hereof, if <br />the power of sale described in Section 17.4 hereof is to be exercised, Borrower, or its successor <br />in interest in the Property, or any part thereof, or any other person having a subordinate lien or <br />encumbrance of record thereon or any beneficiary under a subordinate deed of trust at any time <br />within one month of the filing for record of notice of default under this Security Instrument, may <br />pay to Lender, or its successor in interest, the entire amount then due under the terms of this <br />Security Instrument and the obligations secured hereby, including costs and expenses actually <br />incurred in enforcing the terms of such obligation or Security Instrument and the Trustee's fees <br />actually incurred not exceeding in the aggregate Fifty Dollars ($50.00) or one half (1/2) of one <br />(1) percent of the entire unpaid principal sum secured, whichever is greater, other than such <br />portion of the principal as would not then be due had no default occurred, and thereby cure the <br />default theretofore existing and thereupon all proceedings theretofore had or instituted shall be <br />dismissed or discontinued, and the obligations and this Security Instrument shall bereinstated <br />and shall be and remain in force and effect the same as if no acceleration had occurred. <br /> <br />Section 17.6 APPLICATION OF PROCEEDS. Section 8.2 is hereby deleted in its entirety <br />and replaced with the following text: <br /> <br />"SECTION 8.2 APPLICATION OF PROCEEDS. To the <br />extent permitted by applicable law, the purchase money, proceeds <br />and avails of any disposition of the Property, and or any part <br />thereof, or any other sums collected by Lenderplirsuant tdthe <br />Note, this Security Instrument'or the other Loan DocUI1lents,Ihay <br />be applied by Lender to the payment of the Obligations in such <br /> <br />20 <br /> <br />Nebraska <br />[TPW: NYLEGAL505604.2] 20528-00030 05/131200602:00 PM . <br />
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