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201109624
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Last modified
12/23/2011 8:50:33 AM
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12/23/2011 8:50:32 AM
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DEEDS
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201109624
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�o��a�s�� <br />sentences shall not apply to the presence, use, or storage on the Property of small yuantities of IIazardous <br />Substanccs that arc gcncrally rccognizcd to bc appropriatc to normal residcntial uscs and to maintcnancc of <br />the Property (including, but not limited to, hazardous substances in consumer products)_ <br />Borrower shall promptly give Lender written nolice of (a) any investigation, claim, demand, lawsuit or other <br />aclion hy any governmenl3l or re�ululory agency or privule parly involving lhe Properly and any Harardouti <br />Substance or Envirotunental Law of which Borrower has actual knowledge, (b) any Enviroiunental <br />Condition, including but nol limited to, any spilling, leaking, discharge, release or threat of release of a�y <br />Hazardous Substance, and (c) any condition caused by the presence, use or rclease of a Hazardous Substance <br />which adversely affects thc value of the Property. If Borrower le�arns, or is notifierl by any governmental or <br />rcgulatory authority, or any privatc party, that any rcmoval or othcr rcmcdiation of any Hazardous Substancc <br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />F,nvironmenlal Cle�anup. <br />NOn -Unii�rm Covenants Borrower and Lender covenant and agree as follows: <br />22. Acceleratlon; Remed'les. 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 <br />acceleraHon under SecHon 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />thc dcfault; (b) thc action rcquircd to curc thc default; (c) a datc, not lcss than 30 days from thc datc <br />the notice is given to Burruwer, by which the default must be cured; and (d) that Pailure to cure the <br />default nn or before the date specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a <br />default or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the noHce, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of sale <br />and any othcr rcmcdics permittcd by Applicablc Law. Lendcr shall bc cntiticd to collcct all expcnscs <br />incurred in pursuing the remedies provided in this Section 22, includiog, but not limited to, reasonable <br />attorneys' fees and cx►sts of title evidence <br />If the power of sale is invoked, Trustee shall record a aotice of default in each county in which any <br />part of the Properly is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to 13orrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public noHce o1' sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Peoperty at public <br />auction to t6c highcst biddcr at thc timc and placc and undcr thc tcrms dcsignatcd in thc noticc of salc <br />in one or muee parcels and in any order Trustee determines. Trustee may pustpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previnusly scheduled sale. <br />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 <br />convey�ing the Peoperty. The recitals in the Trustee's deed s6a11 be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and cxpenscs of cxcrcising thc powcr of salG, and thc salc, including thc paymcnt of thc <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Sc.tiurity Instrument; and (c) any excess to the persun or persuns tegally <br />entitled to it. <br />1111023724 1111023724 <br />N�RASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTPoJMBJT Form 3028 �/01 <br />VM P(q VM P6(NE) (1 105) <br />Wolters Klu+mer Financial Services P�e 14 of 17 <br />
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