201201805 - Laserfiche WebLink

Browse

2o12oiso� sentences shall not apply to the presence, use, or storage on the Property of sma11 quantities of Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other acrion by any governmental or regulatory agency or private party involving the Properiy and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazazdous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely aff�ts the value of the Property. If Borrower leams, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental CleanuP- Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: 22. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's breach of any co�enant or agreement in this Security Instrument (but not prior to acceleration under SecEian 18 �nless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is givere to �orrower, by which t6e defau�t must be cured; and (d) that failure to cure tiie default on ar befose the c�ate s�ecifzed in the notice may result in acceteration of the sums sec�ered by t6ic Security I��e�t aad �le of t�e Psoperty. The natice shall further iufarm Barrower of the right to r�instate �f�er accet�ation and the right to isring a eourt aekion to a�ert the non-e�stence of a default or any a�her deFe� af Borrower to acceleration aad sale. If the default is not cured on or before the date speciYed in tiie natice, Lender at its option may requir� immediate payment i�n full of �Ii sums secureEl by ffiis Sec�ority Instr�ment without f�rther demau� ana may invoke the pow�er of s�e and any other remedies permitted by Apglicable Law. Lender shall be entitied to colle.ct all egpenscs incurred in gursuing the remedies prnvided in this Section 22, includ�ng, but nat limited to, reasonabte attorneys' fees and costs of title evidence. If the power of s�ie is invoked, Trustee shall r�ord a notice of default in each eounty in which any part of Y.6e Property i4 located and sHal! mail copies of such notice in the �nanner pmscribed by Apglica6le I.aw to �arrower and ta the other persons pmscrib� by Applicable Law. After the time requir� by Applic�bie I.aw, Trustee shall give pablic notice of sale to the persons and in the manner prescribed by Appiicable Law. Tn�stee, without demand on Borrower, shall seII the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced conveying the Pro�rty. The recitals in the Trust�'s deed shall be prima facie evidence of the truth of the statements made therein. 1 rustee shall apply the proceeds of the sale in the following order: (a) to all costs and ex�nses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Form 3028 1101 VMP6WE) f1105) Page 14 of 17 ' � ,. � , �