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201007923
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Last modified
10/26/2010 4:16:59 PM
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10/26/2010 4:16:59 PM
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DEEDS
Inst Number
201007923
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��� � 2oioo�9z3 <br />NON-iJNIFORM_COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notic� to Bnrrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Sectian 1$ unless Applicable Law provides otherwise). The notice shall specify: (a) the <br />default; (b) the action required to cure the default; (c) a date, not less than 30 days frorn the date the <br />notice is given to Borrower, by which the default must be eured; and (d) that failure to cure the default <br />on or before the date specified in the notice rnay result in acceler$tion of the sums secured by this <br />Seeurity Instrament and sale of the Property. The notice shall further inform Borrower af the right to <br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or <br />any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date <br />specified in the notice, Lender at its option may require immediate payment in full of all sums secured <br />by this Security Instrument without further demand and may invoke the power of sale and any other <br />remedies permitted by Applic$ble Law. Lender shall be entitled to collect a11 expenses incurred in <br />pursuing the remedies provided in this Section 22, including, bat not limited to, rcasanable attorncys' <br />fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each coanty in which any <br />part of the Property is located and sh$11 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 Sorrower, shall sell tk�e Property at pablic <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale in <br />pne pr more parcels and in any order Trustee determines. Trustee imay postpone sale vf 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 shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed sh$11 be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all <br />costs and expenses of exercising the power of s$le, and the sale, including the payment of the Trustee's <br />fees actually incurred and reasanable attorneys' fees as perrnitted by Applicable Law; (b) to all surns <br />secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrunnent, 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 Properry 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 parson or persons a fee for reconveying the Properiy, 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 frorn tiAne to time remove Trustee and appoint a <br />successor trustee to any 7"rustee 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 af default and sale be sent ta <br />Borrower's address which is the Property Address. <br />NEBRASKA- Single Family - FannieMae/FreddiaMac UNIFQRM INSTRl1MENT <br />Form 3028 1/01 <br />Laser Forms Inc. (800) 446-3555 <br />LFI #FNMA3028 aioz Page 12 of 13 Initials: — <br />
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