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�0�20172� <br />Borrower's Right to Reinstate. If Borrower meets certain conditions, Bonower shall have the right to have <br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other <br />period as Applicable Iaw may specify for reinstatement) before sale of the Properly pursuant to any power of sale <br />contained in this Security Instrument; or (b) eniry of a judgment enforcing this �Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument <br />and the Contract as if no accaleration had occurred; (b) cures any default of any other covenants or agreements; (c) <br />pays all expenses incurred in enforcing this Security Instrument, including, but not litnited to, reasonable attorneys' <br />fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the <br />lien of this Security Instrument, Lender's rights in the Property and Bonower's obligarion to pay the sums secured <br />by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument <br />and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this <br />right to reinstate shall not apply in the case of acceleration under the section titled Transfe� of the Property pr � <br />Bene�cial Interest in Borrower. : <br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any <br />Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting <br />the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the <br />presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized <br />to be appropriate to normal residential uses and to maintenance of the Property. <br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by <br />any governmental or regulatory agency or private pariy involving the Property and any Hazardous Substance or <br />Environmental Law of which Borrower has actual knowledge. If Borrower leams, or is notified by any <br />governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting <br />the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with <br />Environmental Law. <br />As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances <br />by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum <br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and <br />radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the state of <br />Nebraska that relate to health, safety or environmental protection. <br />Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration �ollowing Borrower's <br />breach of any covenant or agreement in this Security Instrument or the Contract under wliich acceleratio� <br />is permitted (but not prior to acceleration under the section titled Transfer of the Property or a Beneficial <br />Interest in Borrower, unless Applicable Law provides otherwise). The notice shall specify: (a) the default; <br />(b) the action required to cure the default; (c) a date, not less than the minimum number of days <br />established by Applicable Law from the date the notice is given to BorroWer, by which the default must be <br />cured; and (d) that failure to cure the default on or before the date specified in Xhe notice may r�sult in <br />accelerarion of the sums secured by this Security Instrument and sale of the Property. To the ezten� <br />permitted by law, the notice shall further inform Borrower of the right to reinstate after acceleration and <br />the right to bring a court action to assert the non-eacistence of a default ox any other defense of BorroWeT to <br />acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender �t its <br />option may require immediate payment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by Applicable LaW <br />To the extent permitted by law, Lender shall be entitled to collect all expenses incur�red in pursuing the <br />remedies provided in this Section, including, but not limited to, reasonable attorneys� �ees and costs of title <br />evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in Which any pa}�t of <br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable <br />Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Ap�licabl� <br />Law. Trustee, without demand on Borrower, shall sell the Prope�ty at public auction to the highest bidder <br />at the time and place and under the terms designated in the notice of sale in one pr more parcels and in any <br />order Trustee determines. Trustee may postpone sale of all or any parcel of the Prope�rty by public <br />announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase <br />the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Txustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth pf the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and <br />expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually <br />incurred and reasonable attorneys' fees as permitted by Applicable LaW; (b) ko all sums secured by this <br />Security Instrument; and (c) any excess to the person or persons legally entitled to it. <br />Reconveyance. Upon payment of all sums secured by this Security Instrument and termination of Bonower's right <br />to obtain further advances under the Contract, Lender shall request Trustee to reconvey the Property and shall <br />surrender this Security Instrument and all contracts evidencing debt secured by this Security Instrument to Trustee. <br />Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or <br />persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the <br />O 2004-2011 Complia¢ce Systans, Inc. ADCD-OA57 - 2010LI.15.461 <br />Consumer Real Estate - Security Instrumeot DL2036 Pege 4 of 5 www.complianc�vystems.com <br />