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201200389
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201200389
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Last modified
3/7/2012 11:22:59 AM
Creation date
1/17/2012 12:33:02 PM
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DEEDS
Inst Number
201200389
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� 201200389 <br /> sentences sl�all not apply to the presence, t�se, or storage on Hie Property of small quantities of Hazardous <br /> Substances that aze generally recognized to be appropriafe to normal residenUal uses and to mainte3kwce of <br /> the Yropezty(incltuling, but noT limited tp, hazardaus substances in consumer pxoducfs). <br /> Borrower sball�rompfly give Lender written notice o£(a) any investigation, claim, deu�and, lawsuit ox other <br /> aetion by any govert.uunental oz regulatory agency or private�arty ittvolving the Properiy and any Hazardous <br /> Subsfance or Environmental Law of which Borrower has actual lniowledge, (b) any Environmental <br /> Coadition, ulcluding but not lisn3ted to, anq spilling, lea�dng, disch�ae, release or thxeat of release of any <br /> Hazardous Substance, and(c) any condition caused by the presence, use or release of a Hazazdous Substance <br /> wluch adversely affects the vali�of the Pxoperty. If Borrower leains, ox is notified by aay governmental ox <br /> regulatory authoriry, or any private parry, that anv removal or other remediation of any Hazardous Substance <br /> affecting the Property is necessary, Borrower shall promptly take all necessazy remedial actions in <br /> accordance with�nvirotunental Law. Nothing herein shall creafe airy obligarion on Lender for an <br /> Environmental Cleanup. <br /> Non-Unifiorm Covenants. Borrower and Lendex covenant and agfee as follows: <br /> 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to accelerarion following <br /> $Orrower's breach of any cuvenant or agreemeLt in t1vZs Security Instrument(bat not grior to <br /> acceleration under Section 18 iwless Applicable Law provides otherwise). The nofice shall specify: (a) <br /> the defxult (b)fhe action required to cure Ute defaulk; (c) a date, not Iess than 30 daps from{he date <br /> the notice is�veri t0 Borrower, by wltich We defan[t must be cured; and(d) th�at failure tu cure ti�e <br /> default on or before the date specified in the notice may resnit in acceleratian of the sums secured by <br /> this SccuriQy Instnrment and sale of the Property. Tlie notice shall further inform Borrower uf flte <br /> right to reinstate after acceleration and the right to bring a court aetion to assert the non-e�istence of a <br /> default or any other defense of Borrower to acceleration an�i sale. If the default is not cured on or <br /> before the date specified in tlte no&ce, Lender at its opt3on may require immediate paymen#in full of <br /> all snms secured by this Security Inslrument wifhouf further demand and may invoke the power of sale <br /> and any other remedics permitted by Applicable Law. Lender shall be enti�tled to collect all egpenses <br /> incurred in pursuing the remedies provided in this Section 22, including, but not limited to, rexsonable <br /> attorneys' fees and costs of title evidence. <br /> If the pow-er of sale is invoked, Trustee shall record a nofice of default in each county in which any <br /> part of the Property is located aud shall mail copies of snch notice in the manner prescribed by <br /> Applicable Law to Borrower and ro the other persons prescribed by Applicable Law. After the tiinc <br /> reqnired by Applicable Law, Trustee shall gve public notice of sale Yo the persons and in the manner <br /> prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property ut public <br /> auction to ffhe lughest bidder xt the time and place and under tlie terms designated in the notice of sale <br /> in one or more parccls and in any order Trustee deterinines. TrusYee may postpone sale of all or any <br /> parcel of the Property by public anuouncement at the timc and place of any previously sehednled sale. <br /> Lender or fits designee may purchase the Property at any sale. <br /> . Gpon receipt of pay�nent of the price bid, Trustcc shall deliver to the purchaser Trustee's deed <br /> conveying 4he Propert5�. The reeitttls in the Trustee's deed shall be prima fxcie evidence of the truth�f <br /> 8ie staYemQnts made therein. Trustee shall apply the proceeds of the sale in YLe following qrder: (a) to <br /> all costs an,d eapenses of exerci.cineo the power of sale, and fhe sale, including th0 payment of the <br /> Trustee's fees acfual[y incuired and reasonable attorneys' fecs as permitted bp ApplicaUle Law; (b)to <br /> all sums seeured by tLis Sec�ity InsYrument; and(c) any escess to the person or persons legally <br /> entitled to it. <br /> zaaoaaso <br /> NE3RAS:(P,SinglaFam.ily-FZnnieMae/FreddieMacUNIFORA4 WSTRUIdFT1T Fo��n3028t:01 <br /> Wol aKiuwerFnarzcialServices �/MP6(NE)(1105j <br /> Page 14 oi 7) <br />
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