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<br />"I, 'III' <br /> <br />-... <br /> <br />200610774 <br /> <br />Further, if Senior Lien Holder acquires title to the Property pursuant to a deed in lieu of foreclosure, the lien <br />of this Mortgage shall automatically terminate upon Senior Lien Holder's acquisition of the title, provided <br />that (a) Lender has been given written notice ofa default under the First Mortgage; and (b) Lender shall not <br />have cured the default under the First Mortgage, or diligently pursued curing the default as determined by <br />the Senior Lien Holder, within the 60.day period provided in such notice sent to Lender. <br /> <br />4. NOTICES. Any notice to Borrower provided for in this Mortgage shall be given by delivering it or by <br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be <br />directed to the Property Address or any other address Borrower designates by notice to the Lender. <br /> <br />5. RELEASE. Upon satisfaction of all sums secured by this Mortgage (whether by payment or forgiveness), <br />Lender shall release this Mortgage without charge to Borrower. Borrower shall pay any recordation costs. <br /> <br />6. MODIFICATION OF FIRST MORTGAGE LOAN DOCUMENTS. The Lender consents to any <br />agreement or arrangement in which Senior Lien Holder waives, postpones, extends, reduces or modifies any <br />provisions of the First Mortgage Loan Documents, including any provisions requiring the payment of <br />money. <br /> <br />IN WITNESS WHEREOF, Borrower has executed this Mortgage. <br /> <br />Borrow",:;('~ C.~ Borrowe" <br />Tyler " ~n~l'P <br />STATE OF N?!VV~ ) <br />'-11_ '1 )) ss. <br />COUNTY OF 'ill!..{ _ <br /> <br />The foregoing instrument was acknowledged before me on this 30th day of November, 2006, <br />by Tyler E. Knapp, an Unmarried Man. <br /> <br />JWJJi\a ,JA~ <br />Notary Public ! <br />My Commission ExpireS: <br /> <br />(seal) <br /> <br /> <br />GENERAL NOTARY" Stale of Nebraska <br />DEVAA McELROY <br />My Comm. Exp. Aug. 25, 2009 <br /> <br />3 <br />