201201201 - Laserfiche WebLink

Browse

201201201 sentances shall not apply to the presenoe, usc, or storage on the Property of small quantitic,v r�f Hasardous SLibstances that�u'e generally reoogniaed to be appropriatc tc�normal residentinl uses end Co mait�tenance of the Property(iuchiding, but not limited to, hazardous substances in consuinar products). I3orrower sl�all promptly give Zender written notice of(a) any investigation, olani�, de�nand, lawsuit or other acfion Uy any goveiiunental or regulatory agency or privnCe party inuolving the Property and nny H�zardous Substance or L+nviroivnonial Lxw of which Borrower hes achial knowledgc, (b) uiy Enviroinnental Condition, iticluding but not liiniled eo, �any spi1ling, lealcing, discharge, release or threaY of release af any Hazardous Slzbstance, vtti(c) any condifion oausecl by the prasenoe, use or release of n IIazeidous Substanca w�uch adversoly affoats thc vahte of the Propea'ty. If Borrower letu7�s, or is nodtied by any govertuneutal or regulatoxy authority, or any privatc parry, tl�at any removal or ofhet remediation of�u�y Hazardous Substance a£fecting tho Ptoperty is necessary, Boerower sh�l1 prompCl}�talcc all neeessasy xemeclial nctions�in accoxdanco with L+nvironmental Law. NoUiing herain shall oreaEe�ny obligation on Lauder for nn EnviromnenG�tl Cleanup, Non-Uniform Covenanfa Rorrower and Leuder cov€tient end agree ae follows: 22. Acceleration; Remedies. Lcndet�shnll give notice to Barrower prior to swceleration follorving Borrower's breach of any coveno�nt or:�greenient in this ScenrSity Lisk�umenc(bi�E noC prior to acccleration m�der SecYion 18 unlese ApplicabMe Law prnvicles otl�erwiso). Tl�e nntice sliall specify:(aj tlie def'a��lf.; (I�) tlxe nctio�i reqnired to cm�o tlxe defaidt; (c) a date, uot less th�n 30 dnys from fl�e dnte the uotice ie giveu Co Borrower, by Vvluch tlie defaalt mnst be cttred; nnd (d) lhaC failnre to cm�e tl�o defni�lt on or before the date specified in tUe noNce may result in flecola�atimi of tice si�ms aecured by tliis Scenrity Inetr•nment and snle of tlie Properly. Tho notice shxll fm•thor inform Borrower of tl�e right tu reinsCnte �xfter ncccloratian and the rlglit to bring a courC action to sissert tlic non-oxistence of a default or any otlter ctefense o1'Borrowor to aneelerntion and sale. If Che defxalt is not cmrod ai or befm•e Che dale epecified in the nofice, Leuder af its option may reqnire immedlate payment in fall of all sums secured by tLie SecnriCy Iush�rnnent without farther domund and may involee tlie power o1'snle 1ud any other iromcdies permitCed by Applicable Law. Lender shxll be enttticd to wllect nll expenses incnrred in parsuing the remedies provided 'ui El�ia Scction 22, including, bat not limited to, reasonablc nttoA�neys' fees nnd cosYs of i�iCle evidence. If tlie powcr of ealo ie involced, Trastee sCinll record �notice of defnult in ench connty in wlucli nny part of the Property iy located suid shall mail oopies oP encli notice in fl�e in�nner prescribed by ApplicaUle Ln�v to 13orrower and ko tlie otlier pereone prescribed Uy Applicable Lan�. After the kimo reqiured hy Applicfllrle I,aw, 1'rusCoo shall give pablie notice af e�le to tlie persons nncl in Che manue�� prescribed by Applicable Law. Trnstee, wit7�onC den�and mi'Rurtrower, ehall ecll tl�e Property fl6�pnblic .�nction Co tho luglmst biddor at tl�e time nud plflce and m�der Che terms designatcd in thc notico of sale in one or more parcels and in auy ordor Trastec detormines. Trustae may postpone Rale of xll or nny parcel of the Piroperty by pnblic aimom�cement xt tlze kinle nnd placc of any previonsly sol�edaled sxle. Lendcr or its desi�ncc mny purcl�ase tl�e Propes�ly at �ny sale. LTpon receipt oF pxymcnt of tlm priee bid, Trnstee shall deliver to the purchascr T�•netce's deed convoyiu�the Property. 'Che recit:ds i�i Che'Triwtec's docd sliall ue prim�facie evidence of the tratli of tlie staCemenis�nade H�ereiu. TrneCeo shall apply tlie p�roceode of tlio sale in Clie Following order: (a) to all costs and expenses of exercising CLe power aP 9ale, and the b:de, inchuling the payment of tlie Trastec's feos actnnlly incm�red and reaemiflble atCorneys' fees xs permitted by Appticnble Law; (b}to xll sw��s secm•ed b,y tl�is Scem�iY3�Instrmnent; and (c) 1ny excess to the pergon ur persuns]cgally anCitled Co it. 24000323 NEBRASKA-SlnAle Famlty-Fannle fdae/Freddle Mec UNIFURM INSTRl1MENT Form 3026 1/01 VMP� VMPB(NEI(1706) Waltera Kluwer Flnenalel3oNlaas Ppt�e 14 ot 71