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201200375
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1/17/2012 8:52:02 AM
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1/17/2012 8:52:01 AM
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DEEDS
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201200375
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2012Q0375 <br />sentences shall not apply to the presence, use, or storage on the Property of small quanrities of Hazardous <br />Substances thax aze generally rerognized 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 />Bonower shall 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 Law of which Borrower has actual 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 presence, use or release of a Hazardous Substance <br />which adversely affe,cts the value of the Property. If Borrower learns, or is notified by any govemmental 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 />IVon-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration followiag <br />Borrower's bmac�r of any covenant or agreement in tius Security Instrument Fbut not prior to <br />acceleration under Section 18 unless Applicable Law grovides otherwise). The aatice shall specify: (a) <br />the defautt; (b) the action required to cure the default; (c) a date, not less than 30 days from t6e date <br />the notice is given to Borrower, by wluch the default must be cnred; and (d) that failure to cure the <br />defa�it on or before t6e date specifed in the notice may result in acee}eratian of the sums s�vred by <br />t6is S�rity I�ment and sate uf tbe Property. The notice shall farther in�orm Borrower of the <br />r�tt to s�te ��a �e�eratien a�d the rig�t to bring a co�rt action to assert the nan-existence of a <br />default or �y �Y�er defense of Barrower to acxeleratio� and sale. If the ciefault is not cured on or <br />before t6e date specifed in the notice, Lenrler at its option may reqvire immediate payment in �il of <br />all sums sec�red by tihis Seeurity I�ment �ithout further demand anc� may invoke the po�►er of s�le <br />and any other reme�3ies permitted by Apglicable Law. Lender shall be entitled to collect all expenses <br />incurred in nstrs�irEg �Ite remedies provided in this Section 22, including, but not Iimited to, r�soasWe <br />attorneys' f�s and casts of title evidence. <br />If the power of s�Ee is invoked, Trustee sha11 recard a notice of default in each caunty in which aay <br />�t of the Prap�aty i4 Tocated and shali mayl eopies of such notice in the manner prescribed 6y <br />Applicable E.a� to �asrower and to the other persons prescribed by Agg}icaBle I.aw. After the time <br />required by Applicabte Law, Tn�stee shall give public notice of sale to the persons and in the manner <br />prescribed by .aipplicable 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 determin�. 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 de.sign� may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trust�'s deed <br />conveying the Property. The recitals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Trust� shall apply the procceds of the sale in the following order: (a) to <br />all costs and expenses of exercising the �wer of sale, and the sa1e, including the payment of the <br />Trust�'s fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Famfly-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer F(nancfal Services <br />Form 3028 1l01 <br />VMP6INE) �1105} <br />Page 14 of 17 <br />
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