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201103559
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201103559
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Last modified
5/25/2011 8:54:22 AM
Creation date
5/11/2011 8:29:27 AM
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DEEDS
Inst Number
201103559
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�0�14355� <br />receive all rents and revenues of the Property as tivstee for the benefit of Lender and Borrower. This assignment of <br />rents constihrtes an absolute assignment and not an assignment for addiflonal sec�mty only. <br />If Lender gives notice of breach to Borrower: (a) all rents received by Bortower shall be held by Bonower as <br />hvstee for benefit of Lender only, to be applied to the sums secwed by the Securiry Instrament; (b) Lender shall be <br />entifled to collect and receive all of the rents of the Properiy; and (c) each tenant of the Property shall pay all rents <br />due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant <br />Borrower has not executed �y prior assignment of the rents and has not and will not perform any act that would <br />prevent Lender from exercising its rights under tUis paragraph 17. <br />Lender shall not be required to enter upon, take cornrol of or maintain the Praperty before or after giving notice <br />of breach to Borrower. However, Leader or a judicially appointed receiver may do so at any time there is a breach <br />A�ry application of ren� ehall not cute or waive any default or invalidate any other right or rem�y of Lender. This <br />assignment of rents of the Property ahall terminate when the debt sec�aed by the Security Instrument is paid in full. <br />1& Foreclosore Procednre. If Lender requira �tmmediate payment in faIl nnder paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by appHcable law. Lender shaIl be entitled to coD�t <br />all egpenses incurred in pnrsaing the remediea provided in this paragraph 18, inclnding, bnt not lim�tted to, <br />reasonable attotneys' f� and costs of title evldence. <br />If the power of sale is 9nvoked, Trostee ahall r�ord a notitce of defanit in each connty in which any part of <br />t6e Property is located and shall mail copia of sach noflce in the manner preqcrlb�i by appHcable law to <br />Borrower and to the other peraons pre.vcrlbed by appllcable law. After the Ulme reqoired by applicable Iaw, <br />Trostee, ahall give pabHc notice of sale to the peraons and in the manner pr�crlbwl by appHcable law. TrasteE, <br />wlthout demand on Borrower, ahall seD the Property at pnbllc anction to the highe,vt bidder at the time and <br />place and ander t6e terma designated in the noHce of sale in one or more parcels and in any order Trastee <br />determinea. Trost� may poslpone sale of all or any parcel of the Properiy by pnbHc annonncement at t6e time <br />and place of any previonsly achedNed sale. Lender or ffs designee may pnrchase t6e Property at any sale. <br />Upon receipt of payment of the prlce bid, Trastee shaIl dellver to the pnrchaser Trastee's deed conveying <br />the Property. The recitals in t6e Trastee's deed shall be pr3ma facie evldence of the Lrath of t6e atatementa <br />made thereln. Truatee shall apply the proceeds of the sale in the foIIowing order: (a) to all costs and espensea <br />of eaerclsing the power of sale, and the sale, incinding the payme� of the Trastee's fees actnally incnned and <br />reasonab� a�6�fieys' fees as permitted by applicable Iaw; (b) to all snms secnred by this Secnrlty Inslrument; <br />and (c) any eacess to the person or persons legally enHtl�l to ft. <br />If the Lender's intcrest in this Secnrity Instrament is held by the Secretary and the Secretary reqwires <br />immediate paymeirt in faII nnder paragraph 9, the Secretary may invoke the nonJndfdal power of sale provlded <br />in the Single Fam�lly Mortgage Foreclosare Act of 1994 ("AcN� (12 U.S.C. 3751 et�se .) by reqaesting a <br />foreclosnre commissioner de�ignated ander the Act to commence foreclosare and to seD the Property as provlded <br />in the Act Nothing in the preceding sentence slull deptive the Secretary of any righta otherwlse �vailable to <br />a Lender nnder this paragraph 18 or appllcable law. <br />19. Reconveyance. Upon payment of all sums sec�uedby this Security Inshvment, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Securitq Inshument and all notes evidencing debt secwed by tivs <br />Security Insh�ument to Trustee. Trustee shall reconvey the Properiy without wananty to the person or persons legallY <br />entitled to it Such person or persons shall pay any recordatian costs. Lender may charge such person or persons a <br />f� for reconveying the Property, but only if the fee is paid to a third party (such as the Tru.4tee) for servic� rendered <br />and the charging of the fee is petmitted under applicable law. <br />20. Sabstitnte Trast�. Lender, at its option, may from time to time remove Trustee and appoi� a successor <br />hvstee to any Trustee appointed hereunder by an inairument recorded in the county in which tUis Security Instrument <br />is recorded. Without conveyance of the Property, the successor hvstee sball succeed to a11 the title, power and duries <br />canferred upon Trustee herein and by applicable law. <br />21. Reqnest for Notices. Bonower requests that copies of the notice af default and sale be sent to Borrower's <br />address wluch is the Properiy address. <br />22. Riders to this Secai3ty Inshvment If one or more riders are executed by Bonower and recorded together <br />with Uvs Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br />sttpplement the covenanls and agreements of this Security Inshument as if the rider(s) were a part of this Security <br />Instrumen� <br />[Check applicable box(es)] <br />� Condominium Rider � Graduated Payment Rider � Growing Equity Rider <br />� Plaffied Unit Development Ridet � Adjustable Rate Rider � Rehabilitation Loan Rider <br />� Non-Owner Occupaacy Rider � Other [Specify]. <br />FHA PIEBRASKA D� OF TRUST - MER.S <br />NmOTZ.FHA 11/01/08 page 5 of 7 ��� <br />�I�I�Ilallll n�II011�I�0111101111�111Q <br />
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