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<br />200707917 <br /> <br />(d) that failure to cure the default on or before the date specified in the notice may result In <br />acceleration of the sums secured by this Security Instrument and sale of the Property. The notice <br />shall further inform Borrower of the right to reinstate after acceleration and the right to bring a <br />court action to assert the non-existence of a default or any other defense of Borrower to <br />acceleration and sale. If the default is not cured on or before the date specified in the notice, <br />Lender at its option may require immediate payment in full of all sums secured by this Security <br />Instrument without further demand and may Invoke the power of sale and any other remedies <br />permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing <br />the remedies provided in this Section 22, includinJt, but not limited to, reasonable attorneys' fees <br />and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in <br />which any part of the Property Is located and shall mail copies of such notice in the manner <br />prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. <br />After the time required by Applicable Law, Trustee shall give public notice of sale to the persons <br />and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell <br />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. <br />Trustee may postpone sale of all or any parcel ofthe Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its designee may purchase the Property at <br />any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's <br />deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the <br />truth of the statements made therein. Trustee shall apply the proceeds of the sale in the followinJt <br />order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the <br />payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by <br />Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the <br />person or persons legally entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender <br />shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustec shall reconvey thc Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. lender, at its option, may from time to time remove Trustee and <br />appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in <br />which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee <br />shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower rcquests that copies of the notice of default and salc beâscnt to Borrower's address which is the Property Address. <br /> <br />NEBRASKA - Single'Family - Fannie MaelFreddle Mae UNIFORM INSTRUMENT WITH MERS <br />fiA(NE)(0407),OI Page 14 of 16 <br /> <br />Initials: <br /> <br />Form 3028 1/~ 11- . <br />~~i ,U <br />j/J1s6 <br />