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201204235
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5/30/2012 8:47:49 AM
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5/30/2012 8:47:49 AM
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DEEDS
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201204235
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20120423� <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 normal residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower 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 Bonower has actual knowledge, (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 Bonower learns, or is notified by any govemmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in <br />ac�rdance 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. Acc�leration; Remedies. Lender shall give notice to Borrower grior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security I�ment (but not grior to <br />acceleration under 5ection 18 unless Applirable Law prnvides otherwise). The notice sha11 specify: (a) <br />the defauit; (f�) t6e $ction required to cure the defauit; (c) a date, not ress than 30 days from the date <br />t6e notice i� given to Borrower, by which t6e default must be cured; s�nd (d) that failure to cvre the <br />default on or before the date speci�ied 'en t6e aotiee may resuit in acceleratian of the sums sec�red by <br />tl�is Security Iffitsument and sale of �he Property. The notice shafl �urther inform Borrower of the <br />right to rei�te after $ccelexation and the right to bring a court ac�on to assert tbe non-e�stence of a <br />default or aay other de��e of Borrower to acceleration and sale. If �lse default is not cured on ar <br />before the date specified in t6e notice, Lender at its option may requise immediate payment in ful� of <br />all sums sec� 6y t6i4 5ecurity Instrument withoyt further dema�d and may invoke the power of s�te <br />and any ather remedies permittetl by Apglicable Law. Lender shaU be entitled to collect all expe�ses <br />incnrred in pursuing the remalies prnvided in this Section 22, includi�, but not limited to, reasonable <br />attorneys' fees sand costs of title evidence. <br />If the power of sale ig invok�l, Tn�st� shall record a notice of defauit in eacb county in whicb any <br />part of t6e Property is Iocated and shall � cogies of s�tcfi notice in the manner prescr�bed by <br />Apg�icable T.�w to Borrower and to the other persons grescrib�l by Apglicable Law. After ttie time <br />required by Applicable Iaw, Trustee shall give public notice of sale to the persons and in the manner <br />grescribed By Apglicable Law. Tn�stce, without demand on Borrower, sl�all sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designat� in the notice of sale <br />in one or more parcels and in any order Trust� determin�. Tn�stee 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 Trust�'s deed <br />conveying the Property. The recitals in the Trustee's deed shall he 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 />1�ustee's fees actually incurred and reasonable attorneys' f�s as germitted 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/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6INE) �71051 <br />Walters Kluwer Finencial Services Page 74 of 17 <br />
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