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201008185
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Last modified
11/3/2010 4:11:45 PM
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11/3/2010 4:11:45 PM
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DEEDS
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201008185
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r <br />2010(�8i85 <br />NON-iJNIFO.RM Borrower and Lender further covenant and agree as follows: <br />22. Acceler$tion; Remedies. Lender shall give notice ta Borrower prior to acceleration following <br />Borrawer's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applieable Law provides otherwise). The notice shall specify: (a) the <br />default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the <br />notice is given to Borrower, by which the default must be cnred; and (d) that failure to curc the default <br />on or before the date speci�ed in the notice may result in acceleration of the sums secured by this <br />Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleratian and the right to bring a court action to assert the non-existence of a default or <br />any other defense of Borrower to acceleration and s$le. If the default is not cured on or before the date <br />specitied 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 Applicable T..,aw. [.,ender shall be entitled ta callect 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 />�f the power of sale is invoked, Trustee shall record a notice of default in each county in which any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable �,aw 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 I.,aw. Trustee, without demand on Barrower, shall sell the Property at public <br />auction to the highest bidder at the time and place $nd under the terms designated in the notice of sale in <br />one or more parcels and in any arder 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 p�yment 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 1'acie 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 af sale, and the sale, including the payment of the Trustee's <br />fees actually 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 legally entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security instrurnent, Landar 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 Properiy without warrarrty to the <br />person or persons legally entitled to it. Such person or persons shall pay any recordation cpsts. 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, rnay frorn 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 />NEBRASKA- Single Family - FannieMae/FreddieMac UNIFORM INSTRUMEN <br />Form 30281/01 � <br />Lasar Forms Inc. (800) 446-3555 <br />LFI #FNMA3028 4l02 Page 12 of 73 1111�I815 <br />
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