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201203266
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4/26/2012 8:42:39 AM
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4/26/2012 8:42:39 AM
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DEEDS
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201203266
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2 012032�� <br />sentences sha11 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 nomial residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower sha11 promptly give Lender written notice of (a) any invesrigation, claim, demand, lawsuit or other <br />action by any governmental or regulatory agency or private pazty involving the Properly and any Hazardous <br />Substance or Environmental Law of which Bonower has actual lmowledge, (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 party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Bonower shall promptly take a11 necessary remedial acrions 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. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's br�ach of any covenant or agrcement in this S�urity Instrument (but not prior to <br />acxeleration under 5ectian 18 wiless A@plic.able Law provides otherw�se). The notice shall sp�ify: (a) <br />the default; (b) the action required to cure t6e default; (c) a date, not le�s than 30 days from the date <br />the notice is given to �arrower, by wiuch the default must be cured; and (d) that failure to cure the <br />defautt an or betore the date specif�D in t6e notice may result in acceleration of tl�e sums secured by <br />tBis Security Instr�mest and sale af the Ptoperty. The notiee shall furt6er inform Borrower of the <br />rigiit to Fe�nstate sfter acceler$tion and the right to bring a court action ta assert the non�xistence of a <br />defau�lt or anp other de�en4e of Borrower to acxeleration and sale. If the default is not etired en or <br />before tlie ci�ate spec�fied in the at►tice, Lender at its option may require immediate gayment in fiilt of <br />all sums secured by thi4 Security Instreement without further demand and may invoke the power of sale <br />and any other rem�ies permitted by Applicable Law. Lender shall be entitled to coIIect all ex��ses <br />incurred in gursuing the remedies prnvided in this Section 22, including, but not limited to, reasonable <br />attorneys' f�s and costs of title evidence. <br />If the paveer of sale is invok�l, Trustee shall r�ord a notice of default in each county in which any <br />part of the Property is locat� and shall mail cogies of such 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, Trust� shall give public 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 />auction to the highest bidder at the time and place and under t6e terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trust� 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 deed <br />conveying the Properly. The recitals in the Truste,e's deed 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 power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured by this 5ecurity Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Famlly-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6INE) (11051 <br />Wolters Kluwer Financial Services Page 14 of 17 <br />
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