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201202601
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6/5/2012 4:36:25 PM
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4/4/2012 2:27:42 PM
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DEEDS
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201202601
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20120260 <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are 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 pmducts). <br />Borrower shall prompfly 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 Properly and any Hazardous <br />Substance or Environmental Law of which Borrower has actual knowledge, (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 affects the value of the Property. If Borrower learns, or is notified by any governmental or <br />regulatory authority, or any private parly, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenents. Borrower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to accelerationfollowing <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 18 unl�s Applicable Law provid� otherwise). The no6ce shall specify: (a) <br />the default; (b) the action r�uired to cnre 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-failnre to cure the <br />default on or before the date specified in the notice may result in acceleration of the snms secured by <br />this Secnrity Instrament and sale of the Progerty. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a conrt ac6on to assert the non-e�.stence of a <br />default or any other defense 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 may r�uire immediste payment in fnll of <br />all sums secured by this Secnrity Instrument without further demand and may invoke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incurred in pnrsuing the remedies provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of 6tle evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in wluch any <br />part of the Property is located and shall mail copi� of snch notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall gioe public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trastee, without demand on Borrower, shall sell the Property at pnblic <br />anction to the highest bidder at the time and place and nnder the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determin�. Trustee may postpone sale of all or any <br />parcel of the Property by public annonncement at the time and place of any previously acheduled sale. <br />Lender or its designee may pnrchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be pritna 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, inclnding the payment of the <br />Trustee's fe� actually incnrred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all snms secnred by this Secnrity Instrament; and (c) any exc�s to the person or gersons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannia Mae/Fraddfa Mae UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financfal Servicas <br />�� so2e �ro� <br />VMP61NE) (11061.00 <br />Page 14 of 77 <br />
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