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87103425
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10/19/2011 8:16:18 AM
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3/27/2008 2:23:55 PM
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DEEDS
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87103425
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87,1 n?425 <br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />19. Acceleration; Remedles. Leader shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement in this Sezarity Instrument (but not prior to acceleration under paragraphs t 3 and 17 <br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that failure to can the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Security Instrument and sale of the Property. The notice shall farther inform Borrower of the right to <br />reiastats after acceleration and the right to bring a court action to assert the non- existence of a default or any other <br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender <br />at its option tray require immediate payment in fall of all tams secured by this Security Instrument without farther <br />demand and may invoke the power of rale and any other remedies permitted by applicable law. Leader shall be entitled to <br />collect to expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, <br />reasonable attorneys' fees and cab of title evidence. <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 to the <br />other persons prescribed by applicable law. After the tithe required by applicable law, Trustee shall give public notice of <br />sale to the persons and in the inamner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in <br />one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />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 expenses of the sale, including, but not limited <br />to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to all sums secured by this Security <br />Immuosent; and (c) any excess to the person or persons legally entitled to it, <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the <br />Property and to collect the rents of the Property including those past duo. Any rents collected by Lender or the receiver <br />shall be applied first to payment of the costs of management of the Property and collection of tents, including, but not <br />limited to. receiver's fz s, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by <br />this Security Instrument. <br />21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons <br />legally entitled to it. Such person or persons shall pay any recordation costs. <br />22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee <br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. <br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon <br />Trustee herein and by applicable law. <br />23. Request for Notices. Borrower requests that copies of the notices pf default and sale be sett �0 1 �ar>�er's <br />address which is the Property Address. horrwer further roues is that cop es of the not ices of a au t sale <br />be se h s wh a art e• eto at the ad ress of such rs set iortli herein. <br />t8itts�eenr°ityyttsalrrs ®�n� 2 one or more n�ers are execute�y ) Brorrower and recorded together with <br />this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)] <br />[] Adjustable Rate Rider [] Condominium Rider ❑ 2-4 Family Rider <br />Graduated Payment Rider [j Planned Unit Development Rider <br />Other(s) [specify] <br />BY SIGNING BELow. Borrower accepts and agrees to the terms and covenants contained in this Security <br />Instrument and in any rider(s) executed by Borrower and recorded with it. <br />><rev7 , +.•i•r1' ,,...«':g7rr......'..... <br />�~ <br />.,...,.n..�. „..,t.,...�.,.i ........................... <br />. <br />/ <br />... ` ............................... ' (seal) <br />`r`'Y i .........................(Seal) <br />— 9onowe. <br />(Space B"W TNa Line For Ackmw 4dRmeml <br />State of: <br />County of: ASS: <br />On this day of Jun: 19 ,; before me... a Nctayry_ Pyu.b11,c 4.q ,the State <br />of i "'16e- personally appeared <br />;ru;ban� .Intl w;r'L to me personally known to be the �erson(s) named <br />in and who executed the foregoing instrument, and acknowledged that " "y executed <br />the same as 1} «, voluntary act and deed. <br />Dry Commission Er.ims: <br />147ZAM PUBLIC <br />Cmneral Naiery - S�ele of Nebraska <br />riRIS�IE HOLMSnED? <br />My Comm.Exp Do_.i2, 1989 <br />i <br />i <br />MLr <br />
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