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201006054
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Last modified
8/25/2010 4:17:38 PM
Creation date
8/25/2010 4:17:05 PM
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DEEDS
Inst Number
201006054
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Zo~oo6os4 <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give nodce to Borrower prior to acceleradon following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 1$ unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 3d days from the date <br />the nodce .is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleradon and the right to bring a court acdon to assert the non-existence of <br />a default or any other defense of Borrower to acceleradon and sale. If the default is not cured on or <br />before the date specified in the nogce, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any outer remedies permitted by Applicable Law. Lender shall be endded to called all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />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 iu which <br />any part of the Property is located and shall mail copies of such nodce 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 nodce of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell'the Property at <br />public sucdan to the highest bidder at the time and place and under the terms designated in the <br />nodce of sale in one or more parcels and in any order Trustee determines, Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />scheduled sale. 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 <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all casts 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) any excess to the person or persons legally <br />endtied to it. <br />23. Reeonveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />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. Trustee shall recanvey the Property <br />without warranty to the person ar 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. Subsdtute 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 courtty 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 Tntstee herein and by Applicable Law. <br />2S. Request for Nodces. Borrower requests that copies of the notice of default and sale be sent tp <br />Borrower's address which is the Property Address. <br />10~ 0006875906fi0 August 10, 2010 <br />NEBRASKA- Sirple Family - FannlaMaalFra<idie Mac IiNIFQRM IN$TRUMEN7 IM1"H MFRS <br />~•6A(N~ (os~o~ Pape 73 of 16 I~tlals: ~~_J P" Form 9028 1101 <br />
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