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201107180
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9/29/2011 8:40:12 AM
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9/29/2011 8:40:12 AM
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DEEDS
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201107180
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20��071$0 <br />DOC ID #: 00024066407409011 <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach <br />of any covenant or agreement in this Security Instrument (but not prior to accelerarion under Section 18 unless Applicable <br />Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not <br />less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to <br />cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security <br />Instrument and sale of the Property. The notice shall t5�rther inform Borrower of the right to reinstate after acceleration <br />and the right to bring a court action to assert the non-egistence of a default or any other defense of Borrower to <br />acceleration and sale. If the default is not cured on ar before the date specified in the notice, Lender at its option may <br />require immediate payment in full of all sums secured by this Securlty Instrument without further demand and may <br />invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />ezpenses incurred in pursuing the remedies provided in this Section 2Z, including, but not limited to, reasonable attorneys° <br />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 any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to <br />the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public <br />uotice of sale to the persons and in the manner prescribed by AppHcable Law. Trustee, without demand on Borrower, shall <br />sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice <br />of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the <br />Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may <br />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 the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the foltowing order: (a) to all costs and ezpenses of egercising the power of <br />sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted <br />by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to i� <br />23. Reconveyance. Upon payment of all sums secured by this Secarity Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Securlty <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such <br />person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, <br />but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under <br />Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to tirne remove Trustee and appoint a successor trustee to any <br />Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Withoat <br />conveyance of the Property, the successor trustee shall succeed to all the tide, power and duties confened upon Trustee herein and <br />by Applicable Law. <br />25. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Borrower's address <br />which is the Property Address. <br />BY SIGNIIVG BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in <br />any Rider executed by Borrower and recorded with it. <br />, �� � � (Seal) <br />ZACK L. LOOMIS -Borrower <br />_ (Seal) <br />- Borrower <br />_ (Seal) <br />- Bonower <br />_ (Seal) <br />- Borrower <br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 30281/01 <br />MERS Deed of Trust-NE <br />2006A-NE (08/08) Page 8 of 9 <br />
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