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201200163
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Last modified
3/7/2012 11:22:02 AM
Creation date
1/9/2012 10:18:49 AM
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DEEDS
Inst Number
201200163
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201200163 <br /> sentences shall not apply to the presence, use, or storage on the Property of sma11 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, 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 I,aw of which Borrower has actuai knowledge, (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 pre.sence, use or release of a Hazardous Substance <br /> which adversely affects 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 /> affe,cfing the Property is n�essary, Borrower shail 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. Acceleration; Remedies. 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 Sect�ion 18 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 frnm the date <br /> the notice is given to Borrower, by wluch the default must be cured;and(d)that failure to cure the <br /> default on or before the date specified in the notice may r�ult 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-e�stence 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 notice, Lender at its option may r�uire immediate payment in Full of <br /> all sums Se�u'ed bY this S�ur�ty Instrument without further demand and may invoke the power of sale <br /> and any other remedies permitted by Applicable Law.Lender shall be entitled to coll�t all ezpenses <br /> incun'ed in pursuing the remedies provided in this Section 22,including, but not limited to, reasonable <br /> attorneys' fee,s and costs of title evidence. <br /> If the power of sale is invoked, Trustee shall record a notice of default in each county in which any <br /> part of the Pro�rty is located and shall mail copies of such notice in the manner prescribed by <br /> Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br /> � requir�by Applicable Law, Trustce shall 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 /> suction to the lughest bidder at the time and place and under the terms designated in t1�►e notice of sale <br /> in one or more parcels and in any order Trustee determines.Trustee may postpone sale of all or any <br /> parcel oF the Property by public announcement at the time and 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 /> tt►e stattements made therein. Trustee shall apply the proceeds of the sale in the following order: (a)to <br /> all�°sts and e�penses of e8ercising the power of sale, and the sale, including the payment of the <br /> Trustee's f�s actually incurred and reasonable attorneys'f�s as pernutted by Applicable Law; (b)to <br /> all sums secured by this Security Instrument;and(c)any ezcess to the person or persons legally <br /> entitled to it. <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br /> VMP� Form 3028 1/01 <br /> Wolters Kluwer Financial Services VMPB(NE)(11051.00 <br /> Pape 14 of 17 <br />
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