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201200048
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Last modified
3/7/2012 11:21:20 AM
Creation date
1/4/2012 12:17:11 PM
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DEEDS
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201200048
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201200048 <br /> sentences sha11 not apply to the presence; use, or starage on the Property of small quantities of Hazardous <br /> Substances that are generally recoo i�ed 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 shall promptly give Lender written notice of(a)any investigation, claiTn, demand, lawsuit or 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 lrnowledge, (b)any Environmental <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 Properiy. If Borrower 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 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 /> Environmental Cleanup. <br /> Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: <br /> 22. /�cceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br /> Borrower's breach of any covenant or agreemea►t in this Security Instrument(but not prior to <br /> acceleration undep Section i8 unless Applicable Law provides otherwise}. The notice shall specify: (a) <br /> the default; (b)the action required to cure the default; (c) a date, not less than 30 days fro�the date <br /> the notice Ils given to Borrower, by which the default must be cured; and(d)that faiiure to cure the <br /> default on or before the date specified in the notice may result in acceleration of the sums secured by <br /> this Seeurity 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�o assert the non-e�ustence 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 nofice, Lender at its option may require immediate payment iyt full of <br /> aIl sums secured by t9us Seeurity Instrument without further demand and may invoke the power of sale <br /> and any other remedies permitted b�Applicable Law. Lender shall be e�utitled to colleet all expenses <br /> incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable <br /> attorneys' fees and costs of title evidence. <br /> If the power of saIe is invoked, Trustee shall record a notice of default in each co�ty in which any <br /> part of the Property is located and shall maal copies of such notice in the manner p�escribed by <br /> Applicable Law to Sorrower and to the other persons prescribed by Applicable Law. After the tiiue <br /> required by Applicable Law, Trustee shall give public nofice of sale to the persons and in the manner <br /> prescribed by Applicable Law. Trustee, without demand on Borrower, s�all sell the Property at public <br /> auction to the highest bidder at the time and place and under the terms cIlesignated in the notice of sale <br /> in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or aaiy <br /> papcel of the Property by public announcement at the time and place of�ny previously scheduled sale. <br /> Lender or its designee may purchase the Property at any sale. <br /> Upon receipt of payugent of the price bid, Trustee shall deHiver 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 shail apply the proceeds of the sale in the following order: (a)to <br /> all costs amd expenses of exercising the power of sale, and the sale, inclucling the payment of the <br /> 'I'rustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b)to <br /> all sums secured by this Security Instrument; and(c) any eacess to the person or persons legally <br /> entitled to it. <br /> 24000018 <br /> NEBR4SKA-Single Family-Fannie Mae/Freddie Mac UNIFORM.INSTRUMEN�T Form 3028 1/01 <br /> VMP QQ VM�P6(NE)(1105) <br /> Wolters Kluwer Financial Services Page�4 of 17 <br />
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