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201203446
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5/2/2012 9:07:52 AM
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5/2/2012 9:07:51 AM
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DEEDS
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201203446
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20120344� <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 nom�al residential uses and to maintenance of <br />the Property (including, but not limitefl to, hazardous substances in consumer products). <br />Borrower shall 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 lrnowledge, (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 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 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 acc�leration following <br />Borrower's hre�ch of any cove�ant or agreement in this Security Instrument (but not prior to <br />acceleration under Seetion 18 i�nless Applicable Law provides otberwise). Tf►e notice shall specify: (a) <br />tfie defa�lt; (b) the action req�ired to cure the default; (c) a date, not less than 30 days from the date <br />the notice is givea to Borrower, by which the default m�st be cured; and (d) that faiture �o cure the <br />d�fa�lt on or be€ore �e e�te speeified in t�e notice may resuit in acceteration of the sums secured by <br />tlus Se�city �frument �ed s�te of the Property. Tl�e n�tice shatl further iyefaren �oraower of the <br />rig�t to rei�tate aftea acc�ra,tion and tfie right to bru� a co�rt action to a�sert the non-existence of a <br />default or any other deY� af Bosrower ta acceteration and sale. If the defaeilt is �t ¢ured on or <br />before the dat� specified in ffie notice, Lender at its ogtion may require immediate payment in full of <br />all sums secured by thi,s Sec�rity Tn.sErnm�t without further demand and may invoke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incurrea in pursuing the remedies provided in this Section Z2, including, but not limited to, reasonable <br />attorneys' f�s and costs of title evidence. <br />If the power of sale is invoked, Tn�stee shall recard a notice of defa�lt in each county in wWch any <br />part of the Property is located and s� mail copies of such notice in the manner grescribed by <br />Applicable Law to Borrower and to tHe other persons grescribed by Applicable I.aw. A►fter the time <br />required by Applicable Law, Trust� shail give public notice of sale to the person4 and in the manner <br />prescribed by Applicable Law. Tn�st�, �ithout demand on Borrower, shall sell the Property at public <br />auction to the lug6est 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 r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced <br />conveying the Property. The recitals in the Trustee's d�d shall be prima facie evidence of the truth of <br />the statements made therein. 1Yust� 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' fces as permitted 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-Fannte Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer financial Services <br />Form 3028 1lOt <br />VMP6(NE) (1105) <br />Page 14 of 17 <br />fi , � <br />
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