201200151 - Laserfiche WebLink

Browse

20�20015� sentences sha11 not apply to the presence, use, or storage on the Property of sma11 quantities of Hazazdous 5ubstances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Bonower shall promptly give Lender written notice of (a) any invesrigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual l�owledge, (b) any Environmental Condirion, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Bonower learns, or is notified by any govemmental or regulatory authoriry, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is n�;essary, Bonower shall promptly take all necessary remedial acrions in ar,cordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. Non-Uniform Covenants. Bonower and Lender covenant and agr� as follows: 22. Acceleration; Remedies. I.ender shall give notice to Borrower prior to a�celeration following Borrower's bresch of any covenant or agreement in this Security Im�ment (but not prior to aecderatian t�nder Sedion 18 unless Applicable Law provides otiiert�ise). The notice shall sp�ify: (a) tbe default; (b) the aetion required to cure the default; (c) a date, not less than 30 days from the date tfie notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the defauit on ar before the date specified in the notice may result in acceleration of the sums secured by tl�is Security ins�vment and s�le of t6e Property. T6e notice shall further inforn� Berrower of the �ig6t to sei�� a�ter aeceleratioa and the r�t to bring a covrt actian to �ssert the non-earistence of a d�a�t or a�y o�r de8e�se af Borrower to acceleratiom and sale. If the defavlt is not cured on or before the d�te sgecifte� �n ti�e �tice, Lender at its option may require imm�diate gayment in fuil of all sums secvred �rp �s �r�ty InsStrument without furtEier demarid and may invoke the power of sale and any other remedies germitted by Apglicable Law. Lender shall be entitied to collect all expenses incurred in puss�ng the rem�3ies provide�l in this Section 22, including, but aat limited to, reasonable attomeys' fces and casts of title evidence. If tbe �wer of sate i� zn�ked, Trustee shall record a notice of default in eac� couBty in which any paat of the Properly is Iocated and shall mail cogies of such notice in t6e manner prescrit�ed by Applicable Law to Borrower and to the otber persons pre�cribeci by Agplicabte I,aw. After the time required by Agplicabte Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. 7�-ustee, without demand on Borrower, shall sell the Property at public auction to the lughest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determ�nes. Trustee may postpone sale of all or any parcet of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its design� may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The r�itals in the Trustee's dced 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 of sale, and the sale, including the payment of the Trustee's fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums se,cured by this Security Instrument; and (c) any excess to the person or �rsons legally entitl� to it. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1l01 VMP Q VMP6(NE) (1105) Wolters Kluwer Finencial Services Page 14 of 17