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201202790
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Last modified
6/5/2012 4:40:14 PM
Creation date
4/10/2012 8:54:05 AM
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DEEDS
Inst Number
201202790
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201������ <br />any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Bonower shall <br />promptly take a11 necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any <br />obligation on Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agr� as follows: <br />22. Acceleration; Remedies. Lender shall glve notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agr�ment in this Security Instrument (but not prior to acceleration under <br />Section 18 unless Applicable Law provides otherwise). The noHce shall sp�ify: (a) the default; (b) the action <br />required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by <br />wtuch the default must be cured; and (d) that failure to cure the default on or before the date specified in the <br />notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The <br />notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court <br />action to assert the non-existence of a default or any other defense of Borrower to accelerallon and sale. If the <br />default is not cured on or before the date specified in the noNce, Lender at its option may require immediate <br />payment in full of all sums secur� by this Security Instrument without further demand and may invoke the <br />power of sale and any other remedies permitted by Applicable Law. Lender shall be enHtled to collect all <br />expenses incurred in purswtng the remedies provided in this Section 22, including, but not limited to, reasonable <br />attorneys' f� and costs of title evidence. <br />If the power of sale is invoked, Trustee shall r�ord a nonce of default in each county in which any part <br />of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescritbed by Applicable Law. After the time requir� by Applicable Law, <br />Trustee shall give public notice of sale to the persons and in the manner pr�crib� by Applicable Law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br />and place of any previously schedul� sale. Lender or its designee may purchase the Property at any sale. <br />Upon r�eipt of payment of the price bid, Trust� shall deliver to the purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima fac�e evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses <br />of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br />reasonable attorneys' f� as permitted by Applicable Law; (b) to all sums secured by this 5ecurity Instrument; <br />and (c) any excess to the person or persons legally entitled to it. <br />23. R�onveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt se,cured by this <br />5ecurity Instrument to Trustee. Trustee shall reconvey the Property without wazranty to the person or persons legally <br />entitled to it. Such person or persons shall pay any r�ordation costs. Lender may chazge such person or persons a <br />fee for re�;onveying the Property, but only if the fee is paid to a third party (such as the Trust�) for services rendered <br />and the chazging of the fee is pemutted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Tntstee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to a11 the title, power and duties <br />conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Bonower's <br />address which is the Property Address. <br />NEBRASKA--Single Family--Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT pocMag/cQ s,�uo� <br />Form 3028 1/01 Page 12 of 14 www,docmaglc.com <br />Ne3028.dot.xml �� ��� <br />
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