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201203085
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Last modified
6/5/2012 4:41:21 PM
Creation date
4/20/2012 9:35:42 AM
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DEEDS
Inst Number
201203085
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20�2030d� <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Properiy (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall prompfly give Lender written notice of (a) any investiga�ion, claim, demand, lttwsuit or other <br />action by any governmental or regulatory agency or private party involving the Property and auy Hazazdous <br />Substance or Environmental Law of which Borrower has actual �owledge, (b) any Environmental <br />Conditian, 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 Progerty. If Borrower learns, or is notif'ied 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 necessary, Borrower shall prompfly take aI1 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 Covenants. Borrower and Lender covenant and agree as follows: <br />22. Acceleretion; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (bnt not prior to <br />acceleration under Section 18 unless Applicable Law provid� otherwise). The notice shall specify: (a) <br />the default; (b) the action reqnired to cure the default; (c} a date, not Iess than 30 days from the date <br />the notice is give� to Borrower, by which the default must be cnred; and (d) that failure to cure the <br />default ott or before the date specified in the notice may r�nit in acceleration oF the sums secured by <br />this Secnrity Instrttment and sale of the Progerty. The no6ce shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-effistence of a <br />defaalt 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 reqnire unmediate payment in fiill of <br />all sums secured by this Security Instrument without further demand and may invoke the power of sale <br />and any other remedi� permitted by Applicable Law. Lender shall be entitled to collect all exgenses <br />incurred in pursuing the remedi� provided in this Section 22, inclnding, but not limited to, reasonable <br />attorneys' fe� and costs of title evidence. <br />If the power of sale is inooked, Trustee shall record a notice of default in each county in wlueh any <br />part of the Property is located and shall mail copies of snch notice in the manner prescribed by <br />Applicable Law to Borrower and to the ott�er persons prescribed by Applicable Law. After the time <br />reqnired by Applicable Law, Trustee shall gi�e pablic notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />anction to the high�t 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 previonsly 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 c�eed <br />conveqing the Ptogerty. The recitals in the Trustee's deed shail be prima facie evidence of the trath of <br />the statements made therein. Trustee shall applq tbe proceeds of the sale in the following order: (a) to <br />all costs and egpenses of exercising the power of eale, and the sale, including the payment of the <br />Trustee's fe,es actually incurred and ree�ssonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secnred by this Security Instrument; and (c) any excess to the gerson or persons legally <br />entitled to it� <br />NEBRASKA-S(ngle Famt(y-Fannle MaelFraddie Mac lJNIFORM IN5TRUMENT Form 3026 1/01 <br />VMP � VMPB(NE) (17061.Q0 <br />Wolmrs Kluwar Flnartcial Servicas Paga 14 of 17 <br />
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