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INST. N0.~5258
Date /a-3-v7' rm~~t~3~„~.rrl .
TER OF DEEDS
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(Space Above Tlvs Line For Recordiry; Dala)
LOAN NUMBER: 0160275120
DEED OF TRUST
THIS DEED OF TRUST ("Sa;uuity Inslrume~ut") is made ou November 27, 2007. The grantor is (LINT
NUNNENKAMP and SUMMER L NUNNENKAMP, IIU5BAND AND WIFE, whose address, is 919 EAST
9TH ST, Hastings, Nebraska 68901 ("Borrower"). Borrower is not necessarily the same as the Person or Persons
who si],m the No[e. The obligations of Borrowers who did nohsign the Note are explained fiutlrer in the section
titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The inlstee is
TicrOne Bank whose address is 1235 'N' 5t / P.O. Box 83009, Lincoln, Nebraska 68501. ("Trustee"). The
bc~reliciary is TicrOne Bank, which is organized and existing under the laws of the Uuited States of America and
whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Letuler"). (LINT A NUNNENKAMP
and SUMMEli L NUNNENKANCP owe Lender the principal sum of Twenty-six Thousand and 00/l00 Dollars
(U.S. $26,000.110),-which is evidenced by the cote, consumer Ioan agreement, or similar writing dated the same
date as this Sa;urily instrument (the "Note"), which provides for periodic payments ("Periodic Payments"), with
the lull debt, if not paid earlier, clue and payable on November 25, 2([17. This Security Instrum~rt secures to
Lender: (a) the re)~aymc~nt of the debt evidenccxl by the Note, with interest, and' all renewals, extensions and
modifications of the Note; (h) the paymentof all other snms, with interest, advanced to protect the security of this
Security Instnrme7ll under the provisions of the s~tion titled Protection of Lender's Rights in the Property; and
(c) the performance of Borrowc'i s covenants and agreements tinder this Secuuity Instalment and the Note..For this
puu7iose, Borrower, in consideration of the debt and [he tnlsl herein created, irrevocably grants and conveys to
Trustee, in h-usl, with power of sale, the following described property located in the COUNTY of ADAMS, State
of Nebraska:
Address:91'I EAST 9TH ST, Hastings, Nebraska 68901
Legal Description: LOT ELEVEN (11) IN MILES PLEASANT HILL ADDITION TO THE CITY
OF lIA5TiN6S, ADAA/S COUNT', NES1tAS1iA
TOGETHER WITH all the improvemerlls now or hereafter erected on the property, and all easements,
appurtenances, ~uul fixriues now or hereafter a part of the property. All replacements and additions shalt also he
covered by this Security Instrument. All of the foregoing is referred to in this Security hnstrument as the
"Properly."
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed uul has the right to
brraut and convey the Property and that the Properly is unencumbered, exce]~t for e<rcumbrances of record.
Borrowe7 warrants and will defend generally the title to the Property ag~iinst all claims and demands, subject to
any encwubrtmces ol'record.
Borrower and Lender covenant and agree as follows:
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Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
Note.
Applicable Law. As usal in Uris Security htslntmetll, the term "Applicable Law" shall mean all controlling
applicable 1'aleral, state and local statutes, regrdations, ordinances and administrative rules uxl orders (Drat have
the effect of law) as well as all applicable final, non-appealable judicial opinions.
Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower' shall. pay to
Lctttler on the day periodic payments are dne under Use Note, until the Note is paid in full, a sum ("Funds") for: (a)
yearly taxes and assessments which may attain priority over Ibis Security Insinunetri as a lien on the Property; (b)
yearly leasehold payments or ground retus on the Properly, if any; (c) yearly h~izard or property insurance
premiums; (d) yearly hood insurance premiums,. if any; (c) yearly mortgage insurance premiums, if any; and (f)
any sums payable by Borrower to Leader, in accordance wiUi the provisions of the paragraph titled Mortgage
Insurance, iu lieu of the jrlyme~trt of mortgage insurance premiums. These items are called "Escrow Items."
Lctulcr may, al any time, collect ~md hold Funds in an amount not to exceed the maximum amormt a lender for a
lexlcrally related mortgage loan may rcxluire for Borrower's escrow account under the federal Real Estate
Settlement Procedures Act of 1974 as aroctixl~I from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),
unless another Applicable Law Lhal applies to the Funds sets ti lesser amount. If so, Letuler may; at any time,
collect and hold Funds in an amount not to exceed the lesser amormt. Lender may estimate the amount of Funds
due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or oUrerwise in
accordamce wiUr Applicable Law.
The Ftinids shall beheld in au institution whose det~osits are insured by a federal agency, instntmeirtality, or entity
(including Lender, if Lender is such au institution) or in fury Federal Home Loan Bank. Letrder shall apply the
Funds to pay Ute Escrow Items. Lender may not charge Borrower for holding and applying U7e Funds, annually
analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds
and Applicable Law permits Lender 1o make such a charge. However, Lender may require Borrower to pay aone-
timecharge for an independenu real estate tax ref~ortirg service used by Lender in connection with this loan, unless
Applicable Law provides otherwise. Unless cur at,>reement is made or Applicable Law requires interest. to he paid,
Lender shall not he requirexl to pay Borrower any interest. or earnings on the Funds. Borrower and Lender may
agree in writing, however, that interest shall be paid on the Funds. Letuler shall give to Borrower, without charge,
au annual accouulitig ofthe Funds, showing credits and debits to the Funds and the pur)~ose for which each debit to
the Frmds was made. The Funds ttre pledged as additional security for all sums secured by Uris Secruity lns[niment.
if the Funds held by Lender exceal Use amormts permitted to beheld by Applicable Law, Lender shall account to
Borrower for the excess Funds in accordance wiU7 the requiretnarts ofApplicable Law. If the amount of the Funds
held by Lc~tuler at any time is not. suflicic~»t to pay the Escrow items whets clue, Letuler may so notify Borrower in
writing, and, in such case Borrower shall pay to Leader the amount necessary to makeup the deficiency. Borrower
shall make up the deficiency in no more than twelve monthly payments, at Lender's sole discretion.
-- Upon payr:uarl in full oPall sums secured by U:is Security !nstrumetll, L;,•nder shalt promptly reti:nd lq Borrower
any Funds held by Lender. i1; under the section tilled Acceleration; Remedies, Lender shall acquire or sell the
Property, LctxlEr, prior to llie acquisition or sale of the Property, shall apply tmy Fiords held by Lender al the time
of acquisition or sale as a cralil against Lhe sums secural by Ure Security Instrument.
Application of Payments. Unless Applicable Law providgs otherwise, all paymetris received by Larder shall be
applied: first; to any prclr<tyment charges due under Use Note; second, to amounts payable under the section titled
Funds for Taxes and Insurance; third, to interest dne; fourth, to principal due; and last, to any late charges due
under Ure Note.
Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
Property which may attain priority over this Security lnstntmetrt, and leasehold payments or growxl rents, if any.
Borrower shall pay these obligations in the manner provided in section titled Funds for Taxes and Insurance, or
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if not paid~iu that rnauner, Borrower shall pay them on time directly to the person owed payntatt. At the request of
Lender, Borrower shall promptly funush to Lender ra;eipts evidencing the payments.
Borrowl"T shall promptly discharge any lien which has priority over this Security Instntmetn unless Borrower: (a)
agrees in writing to Lhe payment of the obligation sex:ural by the lieu in a manner accel3tablc to Lender; (b)
contests in good faith the lien by, or defends against ettforcemari of the lien in, legal proceedings which in the
Lender's opinion operate to prevent the enforcement of the lien; or (c) secures Gom the holder of the lien an
agreement satisfactory to Lender subordinating the lien to this Security Instnmtent. If Lender determines that arty
part of the Property is subject. to.a lien which may attain priority over this Security Instntment, Lender may give
Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth
above within ] 0 days of Ute giving of notice.
Flazard or Property Insurance. Borrower shall kee)3 the improvements now existing or hereaRer erected on the
Property insured against loss by fire, hazards inchulal within the tens "extauled coverage" and any other hazards,
including floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the
amounts and 1~r the periods.that Lender requires. The insurance carrier providing the instUance shall be chosen by
Borrower subject to Lender's approval which shall' not be unreasonably widilteld. If Borrower fails to maintain
coverage describal above, Lender ratty, a1 Lender's option, obtain coveTagc to protect Lc,7uler's rights in the
Properly in accordance with section tilled Protection of Lender's Rights in the Property.
All insurance policies and renewals shall be acccg3table to Lender and shall include a standard mortgage clause.
Lender shall have the right to hold the policies and re<ewals. If Lender requires, Borrower sha]I.promptly give to
Lender all receipts ol'paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice
to the insurance carrier and Lender. Lender may mstke proof of loss if not made promptly by Borrower.
Unless Lender and Borrower otherwise agree in writing, insurance proceals shall be applied to restoration or
repair of the Property damaged, if the restoration or re)rtir is economically feasible and Leader's security is not
lessatal. If the restoration or rcrytair is not economically feasible or Lender's security would he lessen al, the
insurance proceals shall be applied to the sums sectual by this Security htstntmettt, whether or not then clue, with
any excess paid to Borrower. If Borrower abandons the Property, "or does not answer wiUtin the ^umber of days
prescribal by Applicable Law as set forth in a notice from Lender to Borrower that the insurance carrier has
blferal to settle a claim, then Lender may collect the insurance proceeds. Leader may use the proceeds to re)~air or
restore the Property or to pay sums, secured by this Security lnstntment, whether or not lhcy3 due. The period of
time for Borrower to answer as set forUr in the notice will begii when the notice is given.
Unless Leader and Borrower oWerwise agree in writing, any application of proceeds to principal shall not extend
or postpone the due date of the payments referred to in the sections titled Payment of Principal and Interest;
Late Charges and Funds for Taxes and Insurance or change the amount of the payments. If under Ufe section
tilled Acceleration; Remedies, the Properly is acquired by Leader, Borrower's right to any insurance policies and
proceals resulting from damage to the Property prior to the acquisition shall pass to Lender to Ufe extent of Ute
sums secured by this Secttrily htslnunrafl immediately prior to the acgttisilion.
Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
Borrower shall not destroy, damage or impair the Progeny, allow [he Property to deteriorate, or commit waste nn
the Property. Borrower shall be in default if any forleittae action or procealing, whether civil or criminal, is begun
that iu Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the
lieu created by this Sa;urily Insirumc,~3t or Lender's sa;urity interest. Borrower may cure such a default and
reinstate, as providal in section tilled Borrower's Right to Reinstate, by causing the action or procealing to be
dismissal wiUt a ntliug that; in Lctuler's good faith determination, precludes forfeiture ofthe Borrower's interest in
the Progeny or other material impairment of the lien created by Utis Security lnstntment or Lender's security
interest Borrower shall also he in defatilt if Borrower, Burin g the loan application process, gave materially false or
inaccurate inlhrmalion or statements to Lender (or failed Lo provide Lender with any material information) in
connection with Lhe loan evidettcal by the Nole. If this Security Instnmtenl is on a leasehold, Borrower shall
472009.2007 Copyright Camplinncc Systcrm, Lc. NC9C-1116 - 2007.01.201
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200'75258
comply with all the provisions of thelease. If Borrower acquires fee title to the Property, the leasehold a<td the fee
title shall not merge unless Letxler agrees to the merger in writing.
Protection of Lcndcr's Rights in Chc Property. If Borrower (;tits to perform the covenants and agreements
contained in this Sa:urity ]nstrumc~tt, or there is a legal procealing that may significantly affect Le<uler's rights in
the Properly (such as x proceeding iu bankntptcy, probate, for condeumatibn or forfeittue or to enforce laws or
re6ndatious), then Lender may do and p;ty fiir whatever is ^ecessary to protect the value of the Property and
Lender's rights iu the Property. Lender's actions may include paying any sums secured by a lien which has priority
over this Saurily Instnimenl, appearing in court, paying reasonable attorneys' fees and etriering on the Property to
make repairs. Although Lender may t;tke action under this section, Lender does not have to do so.
Any amounts disbursal by Lc~uler under this section shall become additional debt of Borrower secured by this
Security Insinmient: Unless Borrower and Lender agree to other terms of paymetrt, these amounts shall bear
interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender
to Borrower requesting paymart.
Mortgage Insurance. If Lender requital mortgage insurance as a condition of making the loan secnral by this
Security hnstrument, Borrower shall pay thepremiums required to maintain the mortgage insurance in effect. If, for
any reason, the mortgage insurance coverage requital by Lender lapses or ceases to be in efPecl, Borrower shall
pay the premiums raluiral to obtain coverage subsf;mtially equivalent to the mortgage insurance previously iu
el''lecl, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,
from au alternate mortgage insurer approved by Lender. If substantially equivale~it mortgage insurance coverage is
not available, Borrower shall pay to Le<uler each month a sum equal to one-twelfth. of the yearly mortgage
insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Letxler
will accept, use and retain these payments as a loss reserve iu lieu of mortgage insurance. Loss reserve payments
may uo longer be requital, at the option of Le~tuler, if mortgage insurance coverage (in the amount and for the
period that Lc7ttler requires) providal by ur insurer approved by Letuler again becomes available and is obtainal.
Borrower shall pay the premiums required to mauitaiu mortgage insurance in efleet, or to provide a loss reserve,
until the requiremetrt for mortgage insurance ends in accordance with any written agreement between Borrower
and Lender or Applicable Law.
Inspection. Lctuler or its agent may make reasonable entries upon and insp~tions of the Property., Lender shall
give Borrower nof.iceat the lime of or prior to an inspection specifying reasonable cause for the inspection.
Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condenmation or other taking of any part of the Property, or for conveyance in lieu `of condenutation, are hereby
assigned and shall be paid to Lender.
In the event of a total taking of the Property, the proceals shall be applied to the sums secural by this Security
histntmetri, whether or not then clue, with any excess paid to Borrower. In the event of a partial taking of the
Property in which the fair market value of the Property immediately before the taking is equal to or greater than
the amount of the sums secural by this Security Instrument shall be reduced by the amount of dJe proceeds
multiplied by the following fraction: (a) the total amocmt of the sums secured immediately before the taking,
divided by (b) the itch market. value of the Property immeliately before t-re taking. Any balance shall be paid to
Borrower. In the event of a partial taking of the Property in which the fair market value of the Property
immeliately before the taking is less than the amount of the sums secured immediately before the taking, unless
Borrower and Lchuler otherwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall
be applied Lo the sums secured by tlils Security Instnuneul whether or not the sums are then clue.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condenmor offers to
make au award or settle a claim for damages, Borrower fails to respond to Lender within the minimum number of
clays cstablishal by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the
proceals, at its option, either to restoratimi or rcgrtir of the Property or to the sums secured by this Security
hJSlnunent, whethcv or ^oLthc~i clue. ,
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Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend
or postpone the due date of Ure payments Payment of Principal and Interest; Late Charges and Funds for
Taxes and Insurance or change the amount of such payments.
Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of amortization of the sums secured by this Security [ustntment granted by Lender to any successor in
interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in
interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to
extend time for paynretri or otherwise modify amortization of the sums secured by this Security Instntment by
reason of any demand made by the original Borrowcv or. Borrower's successors in interest.. Any forbearance by
Lender in exercising any right or remedy shall not he a waiver of or preclude the exercise of any right. or remedy.
Successors and Assigns Bound; Joint and Seycral Liability; Accomodation Signers. The covaranis and
agreements of this Security Instntme<t shall bind and benefit the successors and assigns of Leader and Borrower,
subject to the provisions of section titled- Transfer' of the Property or a Beneficial Interest in Borrower.
Borrower's covenants tmd a6Reem~Russhall be joint and several. Any person who co-signs this Security Instntment
but door not exa:ute the Note ("Accomodalion Signer"): (a) is co-signing this Security hrsinrmetrt only to
mortgage, grant and convey that Accomodation Signer's interest in the Properly under the terms of the Security
hrslnuueny (b) is not personally obligated to pay the sums secured by this Security hrstnunatt; and (c) agrees that
Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to
the Cernu of this Security Instnrment or the Note without that Accomodation Signer's consent.
Loan Charges. If the loan secured by this Security htstrumcnt is subject to a law which sets maximum loan
charges, ;md that ]aw is finally interpreted so that the inta~est or other loan charges collectal or to be collected i^
conna;lion widr the loan exceal the permitted limits, ihetr: (a) any such loan charge shall be ralucal by the
amount uec;cssary to reduce the charge to the permitted limits and (b) any sums atready collectal from Borrower
which excealal permitted limits will be refimdal to Borrower Lender may choose to make this refund by
ralucing the principal owal under the Nole or by making a direct payment to Borrower. If a refund reduces
principal, the rahtctiou will be treatal as a partial prepaynrart without any prepayment charge raider the Note.
Notices. Any notice to Borrower providal for in this Security Instrument shall be given by delivering it or by
mailing it by first cl;tss mail unless Applicable Law requires use of another method. The notice shall be directed to
the Property Addressor any other address Borrower designates by notice to Lender. Any notice to Lender shall be
given by iirsl class mail to Lender's address staled herein~or any other address Le~uler designates by notice to
Borrower. Any notice providal for in this Security Instnment shall be deemed to have been given to Borrower or
Lender when given as provided in this paragraph.
Governing Law; Scvcrability. This Security Instrument shall be governal by faleral law and the laws of the state
of Nebraska. In the event that any provision or clause of this Security Instntment or the Note conflicts wilt
Applicable Law, such conflict shall not alfa:l other provisions of this S~urity Instntment. or the Note which can be
given chat without the coullicting provision. To this aid Urc provisions of this Sa;urity Instntmert and the Note
;tre declaresl to be sc:vertble.
Borrorvcr's Copy. Borrower shall be given one cottfornred copy of this Security Instntment.
Transfer of the Property or a 6eneticial Interest in Borrower. If all or any part of the Property or any interest
in it is sold or lrausl'erral (or if a bc`ftelicial interest io Borrower is sold or transferral and Borrower is not a
natural person) unless the Note shows that Borrower's loan is assumable, Lender may, al its option, require
imroaliate paytuent in full of all sums sa;ural by this Security htsirument. However, this option shall not be
exercisal by Larder if exercise is prohibited by faleral law as of the date of Qris Security Instrumerr[. If the Note
shows that Borrower's lo;m is assumable, Borrower must obtain Lender's written permission for au assumption acrd
follow any other raluiremarts of Lender related to an assumption. If Borrower does not do so, Letrder may require
immediate payment in full of all sums secured by this Security Instnuuetrt.
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If Leluler exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
period of not less than the minimum number of days established by Applicable Law from the date the notice is
dclivc~rcxl or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower
tails to pay these sums prior to the expiration of this period, Lander may invoke any reme<lias permitted by this
Security Instrnmc+rt without fm-thcr notice or demtmd,on Borrower.
Borrower's ItJght to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
enforcement. of this Security Instrument discontinued at any time prioi to the earlier ofl (a) 5 days (or such other
period as Applicable Law may spccily for reinstatemei+l) before sale of the Property pursuant to any power of sale
contained in this Security Instn+menl; or (b) entry of a ,judgment enl'orciug this Security Instrument. Those
conditions are that Borrower: (a) pays Le+uler all sums which then would be clue under this Security Instrument
and the Note as iI' uo acceleration had occurred; (b) cures any default of any other covenants or agreements; (c)
pays all expenses inc+u-rat in enforcing this Security Instrument, includu+g, but not limited to, reasonable attorneys'
fees to the extent permitted bylaw; and (d) takes such action as Lender may reasonably require to assure that the
lien of this Security Instalment. Lender's rights in the Property and Borrower's obligation to pay the sums secr+red
by this Security Instalment shall continue unchangal. Upon reinstatement by Borrower, this Security Instrument
and the obligations secured hereby shall remain lolly ellective as if no acceleration had occurred. However, this
right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a
Beneficial Interest in Borrower.
Sale of Note Change of Loan Scrviccr. The Note or a partial interest in the Note (together with this Security
Instrnmc~+l) may he sold one or more tunas without prior notice [o BorrowLT. A sale may result in a change in the
entity (known as the "Loan Scrviccr") that collects periodic payments clue +mder the Note and this Security
]nstnune+rt. Thee also may he one or more changes of the Loan Scrviccr wv elated to a sale of the Note. If there is
a clumge of the Loan Scrviccr, Borrower will he givL~++ written notice of the change in accordance with the section
titled Notices and Applicable Law. The notice.will state tl+e name and address of the new Loau Scrviccr and the
address to which payments should be made. The notice will also contain any other information required by
Applicable Law.
Hazardous Substances. Borrowc.T shall not cause or permit the presence, use, disposal, storage, or release of zmy
Hazardous Subst,u+ces on or in the Properly. Borrower shall not do, nor allow anyone else to do, anything affecting
the Property that. is in violation of any Environmcnrial Law. The precaling two sentences shall not apply to the
presence, use, or storage on the Properly of small quantities of Hazardous Subst+wces that are generally recognized
to be appropriate to uorm<d residehlial uses and to mainteuv+ce of the Property.
Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
any goverunental or regulatory agency or private party involving the Property and any Hazardous Substa++ce or
Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any
governmental or regulatory auU+orily, that any removal or other remaliaGon of any Hazardous Substv+ce affecting
the 'Property is uacssary, Borrower shall promptly take all necessary remedial actions in accordance with
Environmental Law.
As used in tl+is pru-agraph; "Hazcu-dous Subst~mces" are those substances defined as toxic or hazardous substances
by Environmc~rial Law and the following~substtu+cas: gasoline, kerose,+e, other flammable or toxic petroleum
products, toxic pasl.icidas and herbicides, volatile solvet+ls, materials containing asbestos or formaldehyde, and
radioactive materials. As usexl in This pan+g~raph, "Gnvironnua+tal Law" means lateral laws and laws of the state of
Nebraska Ihal relate to l+calth, sali;ty or cnvironmeulal prolation.
Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
breach of any covenant m' agreement in this Security Instrument (but not prior to acceleration under the
section titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Lafv provides
otherwise). The notice shall specify: (a) the default; (b) the action required Co cure the default; (c)a date,
not Icss than the minimum number of days established by Applicable Law from the date the notice is given
to Borrower, by which the default m+~st be cured; and (d) that failure Co cure the default on or before the
date specified in the notice may result in acceleration of the sums secured by this Security Instrument and
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sale of the Prope~•ty. To the extent permitted by law, the notice shall further inform Borrower of the right
to reinstate after acceleration and I:he right to bring a court action to assert the non-existence of a default
or any other defense of Borrower,to acceleration and sale. If the default is not cured on or before the date
sliccified in the notice, Lender at its option may require immediate payment in full of all sums secured by
this Security Instrument without further demand and may involve the power of sale and any other remedies
permitted by Applicable Law. To the estent permitted by law, Lender shall be entitled to collect all
expenses incurred in pursuing the remedies provided in this Section, including, but not limited to,
reasonable attorneys' Pecs and costs of title evidence.
If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of
the Property is located and shall mail copies of such notice in the mamter prescribed by Applicable Law to
Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable
Law, Trustee shall give liublic notice of salt to the persons and in the manner prescribed by Applicable
Larv. Trustee, without demand on Borrower, shalLsell the Property at public auction to the highest bidder
at the time and place and under the teens designated in the notice of sale in one or more parcels and in any
order Trustcc determines. Trustee may postpone sale of all or any. parcel of the Property ity public
announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase
the Property at any sale.
Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's decd conveying
the Property. The recitals in the Trustee's decd shall be prima facie evidence of the truth of the statements
made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and
expenses of exercising the power ol'sale, and the sale, including the payment of thrTrustee's fees actually
incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this
Security Lnstrument; and (c) any excess to the person or persons legally entitled to it.
Reconveyance. Upon payment of all sums secured by this Security btstntme<ri, Leader shall request Trustee to
reconvey the Property and shall stu-reluler this Security btslnimettt and all cotes evidencing debt secured by this
Security [nstntment to Trustee. Tnlstee shall reconvey the Property without warranty to the person or persons
legally eluilled to it. Such person or persons shall pay any recordation costs. Leader may charge such person or
persons a fee for reconveying the Property, but only if Use fee is paid to a third parry (such as the Trustee) for
scvvicee rendered and the char6~ng of d~c fee is perntiped under Applicable Law.
Substihrte Trustcc. Lc7xler, at its optiom, may li'om time to time remove Trustee and appoint a successor tnlstee
to any Tnistce appointed hereunder by an instn~ment recorde<t in the county in which this Security Instnument is
recordtxl. Without couvey;mce of the Property, the successor trustee shall succeed to all the title, power and duties
conl'erretl upon Tnistee herein and by Applicable Law.
Request for Notices. Borrower requests that copies of the notice of default and sale he sent to Borrower's address
which is the Property Address.
BY SIGPdING BELCW, Borrower accepts and agnees l~ he terms anti covenant~yontained - Atli ~; gw of this
Secu/ri,~ty Instrumetrt tmd ut any Rider executed by Borrldwer nd recorded wi t ttl //
CLIN l' ~i NUNNtJNKAMR Dale S ;R L NUNI~I.N Date
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INDIVIDUAL ACKNOWLEDGMENT
STATE OF NEBRASKA )
COUNTY OF ADAMS )
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The loregoiug instrument was acknowle<Igecl by CLINT ~QNUNNENKAMP~nd SUMMER L NUNNENKAMP;
before me on November 27, 2007. In witness whereof, I hereunto set my liand a~ul, if applict my oflicial seal.
My commission cxl
GEANER 1 NOTARY=State o' N^'~~s~~
n MICHELLE M. CALLAHAh
My Comm. Exp. Aup.18, 2008
(Otlicial Seal)
THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN T0:
TicrOnc Bauk J FIAIIN, 402-479-0553, TIERONE BANK
1235 'N' St / PO Box 83009 1235 N ST
Lincoln, NE (8501 LINCOLN, NE 08501
(12009-2007 CopyriRid Complinncc Swlmn, hc. RC9C-1 116 - 2007.01.201
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000-96R-8522-Fax 616-956-IR6R