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201202175
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3/22/2012 8:39:07 AM
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3/22/2012 8:39:06 AM
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DEEDS
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201202175
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201202i7� <br />sentences sha11 not apply to the presence, use, or storage on the Property of sma11 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, haza.rdous substances in consumer products). <br />Bonower shall promptly give Lender written notice 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 l�owledge, (b) any Environmental <br />Condirion, including but not limited to, any spilling, leaking, dischazge, 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 Borrower learns, or is notified by any governmental or <br />regulatory authority, or any private pariy, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is ne,cessary, Borrower sha11 promptly take a11 nec:essary remedial actions in <br />accordance with Environmental Law. 1Vothing herein shall creaie any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Borrower and Lender covenant and agr� as follows: <br />22. Acceleration; Remecfies. Lender sHall give notice to Borrower prior to acceleration following <br />Borrower's hreach of any covenant or agrcement in this Security Instrument (but not prior to <br />atxeleration under Section 18 ualess Applicable Law provides otherwise). The notice s�ll specify: (a) <br />t6e default; (b) the action rec�uired to cure the default; (c) a clate, not less than 30 days from the date <br />the notice is given to Borrower, by wltich the default mttst be cured; and (c� that failure to cure the <br />default on or begore the date specifi� in the aotice may result in acceleratian of the s�ms s�eurcd by <br />t�is Security Instrument and sale of t3te Property. The notice shalt further iuform Borrower of t6e <br />right to reinstate after �leration and the right to bring a court action to a�ert the non-e�stence of a <br />default or any other defea,se of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option s�ay require immediate payment in fuil of <br />a}1 sums s�ured by this Security Inst�vment without further demand and may invake the �wer of sale <br />and a�y other rem�ies permitted by Applicable I.aw. Lender shall be entitled to eollect ail expenses <br />incurred in pursuing the remedies prnvided in this Seetioa 22, includiug, but not Iimited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is invc►ked, Trustee shall record a��ce of defauZt in each county in wlsich any <br />part of the Property is Iocated and shali mail copies of such notice in the manaer gre.SCribed by <br />Appticable Law to Borrower and to the other persons preseribed by Applicable Law. After the time <br />required by Applicable Iaw, Trustee shall give public notice of s�le to the persons and in the manner <br />prescribed by Applicable Law. Trust�, without demand on Borrower, shall sell the Property at public <br />auction to the highest 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 Ptoperty by public announcement at the 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 deed <br />conveying the Property. The recitals in the Trust�'s de� 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 �wer of sale, and the sale, including the payment of the <br />Trustee's fces 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-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1/01 <br />VMP6(NE) (1105) <br />Page 14 of 17 <br />
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