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201202785
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6/5/2012 4:26:39 PM
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4/10/2012 8:52:20 AM
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DEEDS
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201202785
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�o��o���� <br />sentences shall not apply to the presence, use, or storage on the Properiy 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 products). <br />Bonower sha11 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 Bonower 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 condirion caused by the presence, use or release of a Hazardous Substance <br />wluch adversely affects the value of the Property. If Borrower learns, or is notified by any govemmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Bonower shall promptly take all necessary remedial acrions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />IYon-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower grior to acceleration following <br />Borrower's breach of a�y covenant or agrcement in this 5ecurity Instrument (but not prior to <br />acceTeration under Section IS unless Applicable Lave prnvides otherwise). The uotice shall specify: (a) <br />tfie default; (b) the action required to cure the default; (c) a date, not less than 30 days fmm the date <br />the notice is given to �orrower, by whic6 the default must be cured; �nd (d) that failure to cure the <br />defac�tt on or before the date specified in the notice may res�lt in aceeleratioa of the sums secured by <br />tbis 5ect�rity Instr�ment and �e of the Properiy. Th� nc�ti�e sha11 further inform Borrower of the <br />rig6t to reinstate af�er acceleration ar►d the rig6t to brir►g a covrt action to assert the non-elostence of a <br />default or any ot�►er def�e af Borrovrer to acceteration and sa1e. If the default is aot cured on or <br />before the date specified in t�e notice, L�nder at its optifln may require immediate payment in full of <br />�lI sums se.��u�ed by thus Security Instrurnent withavt fwther demand and �ay invoke the power of saie <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incurred in pursuing t6e remedies provided in this Section 22, including, but not limited to, reasonable <br />attomeys' f�s and costs of title evidence. <br />�f the power of sate is invo�ed, Ttvstee shall record a notice of default in each county in which any <br />part of the Ptoperty is locate� and shall mail cogies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribecl by Applicable I.aw. After the time <br />required by Apglicable Law, Trustee shall give gublic notice of sale to the persons and in the manner <br />grescribed by Applicable Law. Trustee, 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 Property 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 receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's de�l <br />conveying the Property. The recitals in the Trustee's dced 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 ezercising the power of sale, and the sale, including the payment of the <br />Trust�'s fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured 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 1/07 <br />VMP � VMPBWE) (11051 <br />Wolters Kluwer Flnancial Services Page 14 af 17 <br />
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