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201109705
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Last modified
3/7/2012 11:19:51 AM
Creation date
12/27/2011 12:10:47 PM
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DEEDS
Inst Number
201109705
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201109705 <br /> sentences shall not apply to the presence, use, ar storage on the Property of small quantities of Hazardous <br /> Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br /> the Property (including, but not limited to, hazardous substances in consumer products), <br /> Borrower sha11 promptly give Lender written notice of(a) any investigation, claim, deinand, lawsuit ar other <br /> action by any governmental or regulatory agency or private party involving the Property and any Hazardous <br /> Substance or Environmental Law of which Borrower has actual knowledge, (b) any Envirorunental <br /> Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br /> Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance <br /> which adversely affects the value of the Property. If Borrower learns, or is notified by any governinental or <br /> regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <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 /> Enviromnental Cleanup. <br /> Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: <br /> 22. Acceleration; Rem�dies, Lender shall give notice to Borrower prior to acceleratioii foTlowing <br /> Borrower's breach of any covenaiit or agreement in this Security Instrument (but ilot prior to <br /> acceleratioii uncler Section 18 unless Applicable La�v provides otherwise). The notice shall specify: (a) <br /> the default; (b) the action reqYiired to cure the default; (c) a date, not less thaii 30 days from the date <br /> the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br /> default o�i or before the date specified in the notice may result in acceleration of the sums secured by <br /> this Secui•ity Instrument aud sale of the Property. The notice shall further inform Borrower of the <br /> right to reiiistate after acceleration and the right to bring a court actioii to assert the non-existence of a <br /> default or any other defeiise of Borrower to acceleration ancl sale. If the default is not cured on or <br /> before the date specified in the i�otice, Lender at its option may require immediate paymeut in full of <br /> all sums secured by this Security Instrument without further demand aud may i�ivoke the power of sale <br /> and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br /> incurred iii pursuing the remedies provided iYi this Section 22, includiiig, but not limited to, reasonable <br /> at�orueys' fees and costs of title evidence. <br /> If the power of sale is involced, Trustee shall record a notice of default in each county in which aity <br /> part of the Propei•ty is located and shall mail copies of such notice in the rnauner prescribed by <br /> A��licable Law to Borrower and to the other persoiis prescribed by Applicable Law. After the time <br /> i equired by Applicable Law, Trustee shall give public notice of sale to the persons and iii the mamier <br /> prescribed by Applicable Law. Trustee, without demartd on Borrower, shall sell the Property at public <br /> auction to the highest bidder at the time and place and under the terms designated ixi the��otice of sale <br /> iu oiie or more parcels and in any order Trustee determines. Trustee may postpone sale of all or ai�y <br /> parcel of the Pro�erty by public announcemei�t at the time a�id place of any previously 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 /> conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br /> the statements made therein. Trustee shall apply the proceeds of the sale iii tl�e followiug ordei: (a) to <br /> all costs ai�d expenses of exercising the power of sale, and the sale, includiiig the payment of the <br /> T��ustee!s fees actually incurred and reasoi�able attorneys' fees as permitted by Applicable Law; (b) to <br /> all sums secured by this Security Instrument; and (c) any excess to tlie person or persous legally <br /> entitled to it. <br /> 2312A7 <br /> NEBRASKA-Single Famlly-Fannle MaelFreddia Mac UNIFORM INSTRUMENT Porm 3025 1/01 <br /> VMP QQ VMP6(NE)(1105) <br /> Wolters Kluwer Financial Sorvices Paqe 14 of 17 <br />
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