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201103220
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Last modified
4/28/2011 9:01:30 AM
Creation date
4/28/2011 9:01:29 AM
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DEEDS
Inst Number
201103220
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20�10322� <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but nof prior to <br />acceleration under Section 18 unIess Applicable Law provides otherwise). The notic� shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice 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 speci�ed in the notice may result in acceleration of the sums secured by <br />this Security Listrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a caurt action to assert the non-eadstence of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date sge�i�ed in the notice, Lender at its option may require immediate paymenE in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitlerl to collect all <br />elcpenses incurred in pursuing the remedi�s 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 in which <br />any part of the Property is located and shall 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 Borrower, shall sell the Property at <br />pubIic auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Tr�stee 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 Trust�"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 costs and expenses of exercising the power of sa1e, and the sale, including the gayment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitterl by Applicable Law; (b) to <br />all sums secured by this Se.curity Instrument; aud (c) any excess to the pemon or persons legally <br />entitled to it. <br />23. R�onveyance. Upon payment of a11 sums secuzed by this Security Instrument, Lender shall <br />request Trustee to re,�onvey the Property and shall surrender this Se�urity Instrument and all notes <br />evidencing debt secured by this Securiry Instnunent to Trustee. Trustee shall reconvey the Progerty <br />without warranty to the person or 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 chazging of the fee is <br />permitted under Applicable Law. <br />24. Substitute 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 instnrment recorded in the county in wluch this <br />Security Instnunent is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />a11 the title, power and duties confened upon Trustee herein and by Applicable Law. <br />2S. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />V02011.1 <br />NEBRASKQ - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT W171� S <br />�-6A(NE)10810) Page 13 of 16 Initia�s: o�m 3028 1/01 <br />� <br />
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