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201201162
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Last modified
3/19/2012 3:48:12 PM
Creation date
2/15/2012 8:35:13 AM
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DEEDS
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201201162
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20120�162 <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to ma.intenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower 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 parly involving the Property and any Hazardous <br />5ubstance 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 affects the value of the Property. If Borrower learns, or is notif'ied by any governmental or <br />regulatory authority, or any private parly, that any removal or other remediation of any Hazardous Substance <br />affecting the Properiy is necessary, Borrower shall prompfly take all necessary remedial actions in <br />accordance with Environmental L.aw. 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. Acceleretion; 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 />acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action reqnired to cure the default; (c) a date, not less than 30 days from 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 sgecified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Progerty. 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 require immediate payment in full of <br />all snms secured by this Secnrity Instrument withont further demand and may in�oke the power of sale <br />and any other remedie.s permitted by Applicable Law. Lender shall be entitled to collect all exgenses <br />incnrred in pursuing the remedies provided in this Seetion 22, including, but not limited to, reasonable <br />attomeys' fees and costs of title evidence. <br />If the gower of sale is invoked, Trustee shall record a notice of default in each county in wluch any <br />part of the Progerty is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons pr�cribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the gersons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Progerty at public <br />suction 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 determines. Trustee may postpone sale of all or any <br />parcel of the Property by pnblic announcement at the time and place of any preoiously schednled sale. <br />Lender or its designee may pnrchase the Progerty at any sale. <br />Upon receipt of paytnent 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 />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and egpens� of esercising the power of sale, and the sale, including the payment of the <br />Trnstee's fees actnally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Sirtgle Family-Fannia Mae/Freddia Mac UNIFORM INST'RUMENT Form 3028 1/01 <br />yMp � VMP61NE) (11061.00 <br />Wol�rs Kluwer Rnancial Services Paga 14 of 17 <br />
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