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201002633
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201002633
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Last modified
4/20/2010 4:25:32 PM
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4/20/2010 4:25:32 PM
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DEEDS
Inst Number
201002633
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2oioo2s33 <br />related entity of Borrower), receiving title to the Property through a foreclosure or deed in lieu of <br />foreclosure of the First Mortgage shall receive title to the Property free and clear from such restrictions. <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 of a 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 />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 />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 />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 />1N WITNESS WHEREOF, Borrower has executed this Mortgage. <br />Borrower: ~~' ~ Borrower: ~, x L ~ <br />MARCO A. CABRALES LUZ A. CABRALES <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me on this 16th day of April, 2010, <br />by Marco A. Cabrale~nc~~ A, ra es, husband and wife. <br />Public <br />My Commission Expires: ~ ~ 1 ~ENE~~- N07ARY-State of Nebraska <br />SHERRI h. O Set B 2AAN <br />My Camm. Exp• P <br />~ , <br />(seal) <br />3 <br />
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