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201109343
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201109343
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Last modified
3/7/2012 11:17:41 AM
Creation date
12/13/2011 4:27:59 PM
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DEEDS
Inst Number
201109343
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201109343 <br /> 11. Reconveyance. � <br /> Upon payment of the Indebtedness, Lender shall request Trustee reconvey the Mortgaged <br /> Property and shall surrender this Security Instrument to Trustee. Trustee shall recanvey the <br /> Mortgaged Property without warranty to the person or persons legally entitled thereto. Such <br /> person or persons shall pay Trustee's reasonable costs incurred in so reconveying the Mortgaged <br /> Property. <br /> 12. Substitute Trustee. <br /> Lender, at Lender's option, may from time to time remove Trustee and appoint a <br /> successor trustee in accordance with the laws of the Property Jurisdiction. Without canveyance <br /> of the Mortgaged Property, the successor trustee shall succeed to all the title, power and duties <br /> conferred upon the Trustee in this Security Instrument and by applicable law. <br /> 13. Governing Law; Consent to Jurisdiction and Venue. <br /> This Security Instrument shall be governed by the laws of the Property Jurisdiction <br /> without giving effect to any choice af law provisions thereof that would result in the application <br /> of the laws of another jurisdiction. Borrower agrees that any controversy arising under or in <br /> relation to this Security Instrument shall be litigated exclusively in the Praperty Jurisdictian. The <br /> state and federal courts and authorities with jurisdiction in the Property Jurisdiction shall have <br /> exclusive jurisdiction over all controversaes that arise under or in relation ta any security for the <br /> Indebtedness. Borrower irrevocably consents to service, jurisdiction, and venue of such courts <br /> for any such litigation and waives any other venue ta which it might be entitled by virtue of <br /> domicile, habitual residence or otherwise. <br /> 1�. Miscellaneous Provisions. <br /> (a) This Security Instrument shall bind, and the rights granted by this Security <br /> Instrument shall benefit, the successors and assigns of Lender. This Security Instrument shall <br /> bind, and the obligations granted by this Security Instrument shall inure to, any permitted <br /> successors and assigns of Borrower under the Loan Agreement. If more than one (1) person or <br /> entity signs this Security Instrument as Borrower, the obligations of such persons and entities <br /> shall be joint and several. The relationship between Lender and Borrower shall be solely that of <br /> creditor and debtor, respectively, and nothing contained in this Security Instrument shall create <br /> any other relationship between Lender and Borrower. No creditor of any party to this Security <br /> Instrument and no other person shall be a third party beneficiary of this Security Instrument or <br /> any other Loan Document. <br /> (b) The invalidity or unenforceability of any provision of this Security Instrument or <br /> any other Loan Document shall not affect the validity or enforceability of any other provision of <br /> this Security Instrument or of any other Loan Document, all of which shall remain in full force <br /> Fannie Mae Multifamily Security Instrument Form 6025.NE Page 16 <br /> Nebraska O1-1 l OO 20l l Fannie Mae <br />
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