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2oiooosss <br />187627.5692 <br />failure to cure the default on or before the date specified in the notice may result in acceleration of the <br />sums secured by this Security Instrument and sale of the Property. The notice shall further inform <br />Borrower of the right to reinstate after acceleration and the right to bring a court action to assert <br />the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default <br />is not cured on or before the date specified in the notice, Lender at its option may require immediate <br />payment in full of all sums secured by this Security Instrument without further demand and may <br />invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled <br />to collect all expenses incurred In pursuing the remedies provided in this Section 22, including, but <br />not limited to, reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall 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 />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell 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 <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of, sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) auy excess to the person or persons legally entitled <br />to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, bender shall <br />request Trustee to re-convey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument io Trustee. Trustee shall recanvey the Property without <br />warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a <br />third party (such as the Trustee) for services rendered and the charging of the fee is permitted under <br />Applicable Law. <br />24. Substitute Trustee. bender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee io 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 <br />all 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 />NEBRASE:A--Single Family-- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 (page 14 of 16) <br />First American Loan Production Services <br />First American Real Estate Solutions LLC <br />FALPS# NEFM-lA Rev. OG-05-08 <br /> <br />