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201203359
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5/1/2012 9:35:52 AM
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5/1/2012 9:35:51 AM
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201203359
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2012033�� <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 noimal residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />acrion by any governmental or regulatory agency or private party involving the Property 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, dischazge, 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 Bonower learns, or is norified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediarion 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 sha11 create any obligation on Lender for an <br />Environmental Cleanup. <br />11tan-Uniform Covenants. Borrower and Lender covenant and agree as follows: <br />22. Acceteratiacr; Reme�fies. Lender sl�all give notice to Borrower grior to acceteration following <br />Bot-rewer's breach of any coveaant or agreement in this Security Insts�E�ent (but not prior to <br />acceieratian under Section IS te�ess Apgvcable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the adion requiaed to cure the default; (c) a date, not less than 30 days from the d�te <br />the notice is gi�en to Borrower, by whic6 the default must be cured; and (d) tl�t failure to cure the <br />defauuit on ar beFore tve date sger3fied in the natice may result in acceie�ation of the st�ms s�ured by <br />thi� Secnrity I�str�ent and saZe of t�e Froperty. The notice shait f�rtlie� inform Berrower of the <br />rig�t to reinstate af�er aceeteration and the right to bring a couct action to assest the non-e�steace of a <br />defautt or any oth�r ctefense of �orro�eer to acceleration and sa2e. Tf � def��t is not cured � a�- <br />before the date s��d in the Bo�ce, Lender at its option may r�'re im�ffiediate gsyment �n � of <br />aU sums s�� by t.� 5ec�rity Instrument without further de�nasd $�3 �y invoke the power of sate <br />and any other rem�lies permitted by Apglicable Law. Lender shail be es�t�ed to coIIe,ct all expemses <br />inceirred in �� �iaQ the remedies Frnvided in this Section 22, inclut�ing, but aot limited to, seaseuabi� <br />attomeys' fces aad costs of title evideace. <br />If tbe poveer of sale is invoked, Tnbstee shall r�ord a notice of defauTt in each county in which any <br />part of the Pcope�y is tocated and sb�3l arail copies of such notice en the mazener prescrib� by <br />Agglica�►Ze Law to �orrower aad to t6e other persons prescribed by Applicable Law. After the time <br />required by Apglira6ie Law, Tn�stee shall give pu6lic notice of sale to t6e persons and in thE manner <br />prescribed by Appticable Law. T�tstee, without demand on Borrower, siial� sell the Property at public <br />auchon to tbe highest bidder at the time and place and under the terms designated in the notice o€ 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 publie 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 Property. The re,citals in the Truste.e'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 exercising the power of sale, and the sale, including the payment of the <br />Trust�'s fees actually incurred and reasonable attorneys' fees as �rmitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fennie Mae/Freddia Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMPB(NE) (1705) <br />Wolters Kluwer Financial Services Page 14 of 17 <br />R( ' ` <br />
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