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201109915
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Last modified
12/30/2011 3:46:01 PM
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12/30/2011 3:46:01 PM
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DEEDS
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201109915
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20 �10991a <br />sentences shall not apply to the presence� use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recognized to be appropriate to normal residenrial uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />acrion 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 Environmental <br />Condirion, 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 aff�ts the value of the Property. If Bonower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Properiy 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 />Environmental Cleanup. <br />Non-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower grior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleratian under Section 18 unless Applicable Law provides oti�erwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not les.s than 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 />d�fault on or before the date specified in the natice may t�esult in acceleration of the sums s�ured by <br />this S�urity L�ment and saie of the Property. The notice sh�l1 further inform Borrower of the <br />rig6t to reiffitate a�� acc�leration and ffie right to bring a court action to assert t6e non-e�stence of a <br />defau{t or auy other defe�,se of Borrower to acceleration and sale. If the defauit is not cured on or <br />before the date spe�fied in the notice, Lender at its option may r�uire immecliate payrnent in fuII of <br />atl snms secured by �his 5�urity Insttre��nent without further demand and may invoke tbe power of sale <br />and any ot6er remedies permitted by Applicabie Law. Lender shall be entitled to collect all expenses <br />incurr�d in gursuigg the remedies grovided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees aesd costs of title evidence. <br />If the power of sape is �nvoked, Trnstee s�il r�ord a notice of default in each county in which auy <br />part of the Property i� Iocated and shall mail copies of such notice in the manner pmscril�ed by <br />Applicable Law to Bosrower and to the other persons prescribed by Applicable Law. After the time <br />required 6y Applicable Law, Trustee shRll give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. TrusEee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and pTace of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />Upon r�eipt of payment of the price bid, Trust� shall deliver to the purchaser Trustee's dced <br />rnnveying the Property. The recitals in the Trustee's dced shall 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 expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's f�s actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to <br />all sums securred by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Sirtgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMPB�NE) (7105) <br />Wolters Kluwer Financial Services Page 14 of 17 <br />
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