201203584 - Laserfiche WebLink

Browse

20120358� any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower sha11 promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein sha11 create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: 22. Acceleration; Remeclie�s. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this S�urlty Instrument (but not prior to acceleraHon under S�tion 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by wluch the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall Further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the noHce, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitlecl to collect all expenses incurred in pursuing the remedies provided in tl�is Section 22, including, but not limited to, reasonable attorneys' fces and costs of title evidence. If the �wer of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trust� shall give public notice of sale to the persons and in the manner pr�cribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Properly by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced conveying the Property. The r�itals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses oF exercising the gower of sale, and the sale, including the payment of the Trustee's fe.es actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any exce.ss to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, I.ender sha11 request Trustee to reconvey the Property and sha11 surrender this Security Instrument and a11 notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustce) for services rendered and the charging of the fee is pemutted under Applicable L.aw. 24. Substitute Trustee. Lender, at its option, may ftom time to time remove Tntstee and appoint a successor truste,e to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties confened upon Trust� herein and by Applicable Law. 25. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Bonower's address which is the Property Address. , � �/�� NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT / DadHag(c� Form 3028 1/01 Page 12 of 14 www.docmagic.com Ne3Q28.dot.�l