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200809971
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Last modified
12/5/2008 4:10:54 PM
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12/5/2008 4:10:53 PM
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DEEDS
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200809971
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<br />~ , <br /> <br />200809971 <br /> <br />NON-UNIFORM CQ_YENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Accele...ation; Remedies. Lende... shaIl give notice to Bo......owe... p...io... to accele...ation foIlowing <br />Bo......owe...'s b...each of any covenant 0... ag...eement in this Secu...ity Inst...ument (but not p...io... to <br />accele...ation unde... Section 18 unless Applicable Law p...ovides otherwise). The notice shaIl specify: (a) the <br />default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the <br />notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default <br />on or befo...e the date specified in the notice may result in acceleration of the sums secured by this <br />Security Instrument and sale of the Property. The notice shaIl further inform Borrower of the right to <br />...einstate after acceleration and the right to bring a court action to assert the non-existence of a default or <br />any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date <br />specified in the notice, Lender at its option may require immediate payment in fuIl of all sums secured <br />by this Security Instrument without further demand and may invoke the power of sale and any other <br />remedies permitted by Applicable Law. Lender shaIl be entitled to coIlect all expenses incurred in <br />pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' <br />fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shaIl record a notice of default in each county in which any <br />part of the Property is located and shaIl mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />...equi...ed by Applicable Law, Trustee shaIl give public notice of sale to the persons and in the manne... <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shaIl seIl the Property at public <br />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 <br />of the Property by public announcement at the time and place of any previously scheduled sale. Lender <br />or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shaIl deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shaIl be prima facie evidence of the truth of <br />the statements made therein. Trustee shaIl apply the proceeds of the sale in the foIlowing order: (a) to all <br />costs and expenses of exercising the power of sale, and the sale, including the payment of the T...ustee's <br />fees actuaIly incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums <br />secured by this Security Instrument; and (c) any excess to the person or persons legaIly entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the <br />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 <br />(such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all <br />the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br /> <br />NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Form 3028 1/01 <br />Laser Forms Inc. (BOO) 446-3555 <br />LFI #FNMA3028-MERS 1/01 Page 12 of 13 Initials: <br />
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