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201202041
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Last modified
3/19/2012 3:43:02 PM
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3/19/2012 9:33:49 AM
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DEEDS
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201202041
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�0120204� <br />sentences shall not apply to the presence, use, or storage on the Properry of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to rnaintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written norice 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 condirion caused by the presence, use or release of a Hazardous Substance <br />which adversely affects the value of the Property. If Bonower leams, 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 ne,cessary, Borrower shall promptly take all necessary remediai acrions in <br />accordance with Environtnental I.aw. 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. Acceteration; Remedies. Lender shall give notice to Borrower grior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />aceeleration under Section 18 untess Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action re.�uired to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />defanit on ar before �he date specified in the notice may result in acceleration of the sums secured by <br />tlus 5ec�trity �ment ar�d sate of the Froperty. The notice shall further inform Borrower of the <br />rig�t tcf reinstate a£ter aceeteratien ar�d the right to bring a eourt action to assert the non-existence of a <br />defauit or �y ott�er def� of Burrower to acceteration and sale. If the defautt is aot cured on or <br />be�ore ti�e date speeifi�l in tbe rcotice, Lender at its option may require immediate payment in full of <br />all sams secused by titis Security I�ment without further demand and may invoke the p�wer of saie <br />and any other remedies permittted by Applicable Law. Lender shall be entitled to coIIect all expenses <br />incurr� in pursuing the semedies provided in this Sectioa 22, including, but not limited to, reasoreable <br />attorneys' fces and costs of title evidence. <br />If the power of sale is invoked, �'rustee shall r�ord a notice of default in each county in wltich any <br />part of the Psaperty is Iocated �nd sball mail copies of such notice in the manner prescribed by <br />Aggticable I.aw to �or�ower a8d ts the otlier persons prescribed by Applicable Law. After the time <br />reqnired by Applicabte Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Tru,stee, without demand on Borrower, shall sell the Property at public <br />audion 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 public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Pro�rty at any sale. <br />Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The r�itals 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 fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any escess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />12-000051 <br />Form 3028 1l01 <br />VMP6WE) (1105) <br />Page 74 of 17 <br />
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