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201201284
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2/21/2012 8:42:27 AM
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2/21/2012 8:42:26 AM
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DEEDS
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201201284
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20�201284 <br />sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that a.re generally recognized to be appropriate to nortnal 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 />Condirion, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Hazardous Substance, and (c) any condition ca.used by the presence, use or release of a Hazardous Substance <br />which adversely affects the value of the Property. If Bonower 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, Bonower 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 />Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant ar agreement in this Security Instrument (but not prior to <br />aeceleration under 5ection 18 wiles.s Apglicable Law provides ot�erwise). The notice shall specify: (a) <br />the default; (f�) the action required to cure the default; (c) a date, not less than 30 days from the date <br />tbe notice is given to Borrower, by whicl� the default mu,st be cured; and (d) that failure to cure the <br />default on or befose the date specified in the notice may result in acceleration of the sums secured by <br />thiS Secvrity I�trr�ment and sale �►f t6e Praperty. The natice shall further inform Barrower of the <br />right to reiastate after acc�teration a8d the rig6t to bring a court action to �ert the non-elristteptce of a <br />default or rany oti�ex dct�e of Borrower to acceieration aud sale. If the defauit is not cured o� or <br />before the date specified in the notice, I.encier at its option aTay require immediate payment in fiill of <br />a}I s�rm.s secured by this Se.curety I�ment without furt�er demand and may invoke the power of s�le <br />and any oti�- r�medies permitted by Applirable Law. I.er►der shall be entitled to collect all ex� <br />incurred in gurse�ng the remedies grovided in this Section 22, including, but aat limited to, reasonaWe <br />attorneys' fee.s annd costs of title evidence. <br />If the power of s�1e i4 invoke�, T�� shall re,eord a notice of default in each county in w}tich any <br />part of the Pcoperty �s located a�d shall mail eopies of sucb notice in the manner grescribed by <br />Applicable Law tm Borrower and to the other persons prescribed by Applicable Law. After tiie time <br />r�uired by Appticable Law, Trustee sh�ll give public notice of sale to the persons and in the manner <br />grescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the lughest 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 pu6lic announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trust� shall deliver to the purchaser Tn�stee'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. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trust�'s f�s actually incurred and reasonable attorneys' fces 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 Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O1 <br />VMP Q VMP6INE) (1105) <br />Wolters Kluwer Flnancial Services Page 14 of 17 <br />
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