201200238 - Laserfiche WebLink

Browse

201200238 sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that aze generally rec;ognized to be appropriate to normal residential uses and to maintenance of the Property(including, but not limite�l to,hazardous substances in consumer products). Bonower shall promptly give Lender written norice of(a)any investigation, 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 Bonower has actual l�owledge, (b)any Environmental Condition, 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 Borrower leams, or is notified by any govemmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower sha11 promptly take all ne�essary rem�ial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. Non-Uniform Covenants. Bonower and Lender covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in ttus Security Instrument(but not prior to acceleration under Section 18 unless Applicable Law provid�otherwise). The notice shall specify: (a) the default; (b)the action required to cure the default; (c)a date, not l�s than 30 days from the date the notice is given to Borrower, by wluch the default must be cur�; and(d)that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Progerty.The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a defaWt or any other defense of Borrower to acceleration and sale.If the default is not cured on or before the date specified in the notice,Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law.Lender shall be entitl�to collect all ezpenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trust�shall record a notice of default in each county in wWch any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons pr�crihed by Applicable Law.After the time required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law.Trustee, without demand on Borrower, shall sell the Property at public auction to the high�t 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 determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon r�eipt of payment of the price bid, Trustce shall deliver to the purchaser Trust�'s deed conveying the Property.The recitals in the Trustee's deed 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 e�penses of ezercising the power of sale,and the sale, including the payment of the Trustee's feE,s actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b)to all sums s�ured by this Security Instrument;and(c)any ezce.ss to the�rson or persons legally entitled to it. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP� VMP61NE)(11051.00 Wolters Kluwer Financial Services • Page 14 of 17