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201203495
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5/3/2012 8:27:03 AM
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5/3/2012 8:27:03 AM
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DEEDS
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201203495
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20120349� <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 normal residential uses and to maintenance of <br />the Properly (including, but not lunited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written norice of (a) any investigarion, 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 l�owledge, (b) any Environtnental <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 govemmental 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 obligarion on Lender for an <br />Environmental Cleanup. <br />Rion-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice ta Borrower prior to acceleration following <br />Borrower's br�ch of any covenant or agreement in this Secvrity Instrument (but not prior to <br />acceteration under Section 18 usiless Applicable Law provides ot6erwise). The notice shall sp�ify: (a) <br />the default; (i�) the action required to cure the defauit; (c) a date, not less than 30 days from the date <br />t6e notice is given to Borrower, by whicfi the default must be eured; and (d) that failure to cure the <br />default on or before the date specified in the �otice may result in acceleration of the sums secured by <br />this Seceu�ety Lffitrument and sale of t�e Property. The nfltice s�all further inform Borrower of tbe <br />rig8t to rei�tate after acceleration a�td the right to br�ng a court ac�tion to as.sert tEie non-e�stence of a <br />default or auy other defeffie of Boirower to acceleration aud saie. If the defautt is not cured on or <br />before the date specified in the Botice, Lender at its optian may reguire immediate payment in fvll of <br />all su�s s�vred by this Security �nstrument without furtHer demand and may invoke the �wer of sale <br />and aay ot�er remed�s permitted by Applicable Law. Lender shall be entitled to collect ali ea�pense.s <br />incnrred in g�suing the remedies provided in this Section 22, inc�uding, but not limited to, reasonable <br />attorneys' fces and costs of title evidence. <br />If the power of �le is invoked, Tn�stee shall r�ord a notice of defauit in each caunty in which any <br />part of the Property is located and shatl mail cogies of such notice in tite manner prescribed by <br />Applicabie Law to Borrower and to the other persons pre�ribed by Applicabte 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. Tru,stee, without demand on Borrower, shall sell the Property at public <br />auction to the Wghest 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. 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 dced <br />conveying the Property. The recitals in the Trustee'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 fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ur� by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannfe MaelFreddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1/01 <br />VMP6�NE) (11051 <br />Page 14 of 17 <br />� _�� � . A � „ <br />
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