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201201900
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3/12/2012 3:24:25 PM
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3/12/2012 3:24:24 PM
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DEEDS
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201201900
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, <br />��������� <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recognized to be appropriate to normal 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 />acrion by any governmental or regulatory agency or private party involving the Property and any Hazardous <br />Substance or Environmental Law of which Bonower has actual luiowledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance <br />which adversely aff�ts the value of the Property. If Borrower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is nece.ssary, Borrower shall promptly take all nece.ssary remedial acrions 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. I.ender shall give notice to Borrower prior to acceleration following <br />�orrower's 6reach of any covenant or agreement in this Security I�ment (b�t not grior to <br />as�eration under Section 28 uriless Applicable I.aw pmvides otherv�ise). The not#ce shall specify: (a) <br />t�te default; (b} the aetian required to cnre the default; (c) a date, not less than 30 days from the date <br />t�e uotice is ��en to �orrower, by which the default must be cured; and (d) that failure to cure the <br />de�ae�t on or �ore the date s�cified in the notice may resuit in acceteration of the sums secured by <br />this Secr�rity Iffitrei�t �ad sale af the Property. The �tice sha�l further �nfor� Borro�er of the <br />right to reimstate �fter �cceteration a� �►e right to 6ring a eourt action to a�t t�se non-elristence of a <br />de�ault or any other defense of Borrower to accelez�tion and sale. If the defa� is aot cured on or <br />before the date specified in the notice, Lender at its option may require immediate gayment in full of <br />all sums s�uae�i by �i6is Security Iustrument without further demand and �ay invoke the power of sale <br />and any other remediQS permitted by Applicable I.aw. Lender shall be entitled to collect all egpenses <br />incurred in gvrsuing the remedies grovided in this Section 22, including, but �t limit�xi to, reasonable <br />attorneys' fees aad costs of title evidence. <br />If t6e �wer of sal� is invoke,�l, Tnbstee shall record a natice of defauit in each coueity in wttich any <br />part of t�e Praperty is locat� and shall mail copies of sucb notice in t6e manner grescribed by <br />Applicable Law to Borrower and to t6e other persons prescribed by Applicable Law. After the time <br />requir� by Applic�ble Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the hig6est bidder at the time and place and under the terms designat�xl in the notice of sale <br />ia one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at t6e time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />Upon r�;eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's d�d <br />conveying the Property. The recitals in the Trustee's deed 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 />Trustee's fee.s actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured 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/O7 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financiel Services Page 14 of 17 <br />?.�P .. e <br />, • M K. . <br />
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