201203672 - Laserfiche WebLink

Browse

2Q120367� sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowlerlge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condirion caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Bonower learns, or is notified by any govemmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Properiy is necessary, Borrower shall promptly take all necessazy remedial actions in accordance with Environmental I,aw. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acxeleration following Borrower's hreach of any covenant or agreement in this 5ecurity Instrument (but not prior to acxeleration under Section 18 uniess Applicabte Law grovides otherwise). The notice shali sp�afy: (a) the default; (b) the action reqttTred to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which t6e defauit must be cured; arH� (d) that failure to cure the default on or before the date specified in the notice m�ay result in acceleration of t6e sums secured by this Secv�ty �ment and sale of the Property. T6e natice sha�l �urthe� ir�form Borrower crf the right to reinstate a�er acceleration an� the right to bring a caurt actiom to assert t�e aon-existe�ce of a default or ar�y other de.�ense of Borrower to acceleration and s:�e. If the defauit is not cured on or before the date speciE'ied in the notice, Lender at its option may require immediate payment in fe�l oY ali sums s�ured by this Security Instrument without further de�nand �ed �ay �voke the power of satc and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expense.s incurred in purs■•* the remedies provided in this Section 22, including, buE not limited to, reasanable attorneys' fces and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in eac� county in which any part of the Prnperty is located and shall mait copies of sucb notice in the mauner pre.scribed by App�icable Law to Borrower and to the other personc prescri6ed by Applicable Law. After the time require� by Appticable Law, Tnistee shatl give public notice of sale to t6e persons and in the manner prescribed by Apglicable 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 Property by public announcement at the time and ptace 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 Propert�. The recitals in the Trustee's dced 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 power of sale, and the sale, including the payment of the Trustee's fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. IVEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Wolters Kluwer Financial Services Form 3028 1 /01 VMP6INE) (1105) Page 14 of 17 ` Y � ! ' � � • ,