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201100119
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Last modified
1/5/2011 3:23:50 PM
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1/5/2011 3:23:49 PM
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DEEDS
Inst Number
201100119
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201100119 <br />NON-UNIFORM COVENANTS. Boxrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Barrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under <br />Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action <br />required to cure the default; (c) a date, not less than 3p days from the date the notice is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default on or before the date specified in the <br />notice may result in acceleration of the sums secured by this Security Instrument and sale of the Praperty. The <br />notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court <br />action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the <br />default is not cured on or before the date specified itt the notice, Lender at its option may require immediate <br />payment in full of all sums secared by this Security Instrument withoat �'urther demand and may invoke the <br />power of sale and any other remedies permitted by Applicable Law. Iaender shall be entitled to collect all <br />expenses incurred in pursuing the remedies pravided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall recoed a notice of default in each county in which any part <br />of the Piroperty is located and shall mail copies af such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescribed by Applicable I.,aw. After the time required by Applicable Law, <br />Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, <br />without dentand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public annauncement at the time <br />and place of any previoasly 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 conveying <br />the Property. The recitals in the Trastee's deed shall be prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses <br />of exereising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br />reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security lnstrument; <br />and (c) any excess to the person or persons legally entrtled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lendear shall request Trustee <br />to reconvey the Property and skaall surrender this Security lnstrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a <br />fee for reconveying the Praperty, but only if the fee is paid to a third party (such as the Trustee) for services rendered <br />and the charging of the fee is pernutted under Applicable Law. <br />24. Substitute Trustee. i,ender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and ducies <br />conferred upon Trustee kaerein az�.d by Applicable Law. <br />25. Reguest for Notices. Borrower requests that copies of the notice of default and sale b� sent to Borrower's <br />address which is the Property Address. <br />�� <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Do �CEN7QlC � 800-649-9362 <br />Form 3028 1l�1 Page 9 of 11 www.dacmagic.com <br />Ne3028.dcn,xml <br />
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