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201201532
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201201532
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Last modified
3/7/2012 11:27:46 AM
Creation date
2/28/2012 11:46:43 AM
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DEEDS
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201201532
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201201532 <br /> sentences shall not apply to Lhe presenoe, use, or stoxage on the Property of small quantities of Hazardous <br /> SubsCances that are generally reco�ed to be appropriate to nonnal residenfial uses and to maintenance of <br /> t'he Properl.y(including, buC not lunited ko, l�azardous substm�ces in consumer produe.ts). <br /> Borrower shall promptly give Lender written notice of(a) any investigation, claixn, demand, lawsuit or odier <br /> action by any govemmental or r0gulatory agency or private pazty invalving the Property and any Hazazdous <br /> Substance or Enviromncntal Lau�of which Borrower l�as actual knowledge, (U) any Environmental� <br /> Comlition, Including but not limited to, any spillmg, leaking, disch3rge, xeleasc or threat of ralease 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�-alue of the Property. Zf Borrower leams, or is notified 6y any governmental or <br /> re�ulatory auThority, or any�'ivate party, that any xemoval or other remediation of any Hazardous Substance <br /> affecting the Property is necessary, Borrower shall prornptly t�ke a11 necessuy remedial acrions in <br /> accordance�vith Enviromnental Law. Notlung herein shall create any obligation on Lender for an � <br /> Enviromnental Cleanup. <br /> NornUniform Govenants. Borrower and Lender covenant and agree as follows: <br /> 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration follo«2ng <br /> Borrower's breach of any covenant or agreement in this Security Insri•nment(but not prior to <br /> aeceleration uuder Section 18 unless Applicable Luw provides othentise), The norice shall specify: (a) <br /> fhe def�avlt, (b)the action required to cure the default (e) a date, not less than 30 days from the date <br /> the notice is given Co Sorrower, by whicE�the default muat be enred; and(d)that failure to cure the <br /> default on or before the date specified im the notiee may restdt in accelerafion of the sums secured by <br /> tbis Seenrity Instrvment and sulc of tLe Property. The notice shall further inform Sarrower of Che <br /> right to reinstate after aecelera&on and the righf to bring a court action to assert the non-esistence of a <br /> default or any othgr defenae of Borrower�o acceleration and sale, If the default is not enred on or <br /> before the date specified in the notice, Lender ai ifs option map xequire immediate payment in fnll of <br /> al[ sums secured by t&us Securily Instrument rvithout fi�rtl�er demand and may invoke the power of sale <br /> and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all ea�enses <br /> incurred in gursuiug the remedies provided im this Seetiun 22, incLuding, but not Gmited to, reasonable <br /> attorneys` fees and casts of title evidence. <br /> If the power of sale is invoked, Trnstee shall record a notice of default in each county in wlrich any <br /> part oF the Property is located and shall mail copies of such notice in the manner prescribed by <br /> Applicxble Law to Borrower and to fhe other persons prescribed by Applicable Law. After the Lime <br /> required by Applicable Law, Trustee shall give publie notice of sale to the persons and in the manner <br /> preseribed by AppliCable Law. Trusfee, without demand on Borrower, shaIl selI the Property xt pubHc <br /> aacfion to the highest bidder at the timc and place and under the terms designAYed in the notice of sale <br /> in one ar more parcels and in any order Trustee determines. Trustee may postponc sale o£all or any <br /> pazced of Ehe Property by pu6lic awiowteement af the fime and place of anv previouslv schednled sale. <br /> Lender or its designee may purchase the Progcrty at any sale. <br /> Cpon reccipt of payiment 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 priwa facie evidence of the truth of <br /> thc statements made 4herein. Trustee shall app13�tlte proceeds of the sale in the following order: (a)to <br /> all costs and expenses of exereising the power of sxle, and the sale, inclnding the payruent Of the <br /> Tivstcc's fees acfially incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br /> aIl sums seenred by this Secnrity Iustratnent and(c) any excess t0 tlie person or persons Legally <br /> entitled to it <br /> 2400G422 <br /> NEBRASKA-Singls Family-Fannie Ah aelReddie tu1 zc UNIFOkl+i INSTRUM ENT Form 3 C28 1 i0� <br /> ��'�P n V pq P6(N EJ�11�5) <br /> Vdo@ers Klum er Financial Services Pzge 14 of 1� <br />
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