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201103866
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Last modified
5/25/2011 8:55:44 AM
Creation date
5/24/2011 8:45:15 AM
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DEEDS
Inst Number
201103866
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20110386G <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: <br />21. 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 not prior to acceleration under <br />Section 17 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 30 days from the date the notice is given to Borrower, by <br />wluch 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 Property. 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-e�stence 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 in the notice, Lender at its option may require immediate <br />payment in full of all sums secured by this Securlty Instrument without further demand and may invoke the <br />power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />egpenses incurred in pursuing the remedies provided in tlus Section Zl, including, but not limited to, reasonable <br />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 wluch any part <br />of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescribed by Applicable Law. After the time requiral 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 demand on Borrower, shall sell the Property at public auction to the ltighest 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 announcement at the time <br />and place of any previously 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 Trustee's deed shall be prima facie evidence of the truth of the statemenis <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and ezpenses <br />of ezercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br />reasonable attomeys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; <br />and (c) any eacess to the person or persons legally entitled to ft. <br />22. Reconveyance. Upon payment of all sums secwed by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without wananty to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may chazge such person or persons a <br />fee for reconveying the Property, 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 permitted under Applicable Law. <br />23. Substitute Trustee. Lender, 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 wkrich this Security Instrument <br />is recorded Without conveyance of the Property, the successor trustee shall succeed to all the ritle, power and duties <br />conferred upon Trustee herein and by Applicable Law. <br />24. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Borrower's <br />address which is the Properly Address. <br />Bonowe I z�� <br />NEBRASKA-SingleFamily-UNIFORM INSTRUMENT p�ye8/�� <br />MODIFlm FOR DEPARTMENT OF VETBZANS AFFAIRS - MERS www.docmagJc.com <br />(Rev. 1/01) Page 12 of 14 <br />III�IIII IUIII III IIII IIII I I II I II I) I I Illlull' IIIIIIIII III I� <br />
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