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201204335
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Last modified
6/5/2012 4:41:42 PM
Creation date
5/31/2012 4:38:20 PM
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DEEDS
Inst Number
201204335
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201204335 <br />sentences shall not apply to the presence, use, or storage on the Properiy of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Properiy (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall prompfly 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 Progerty and any Hazardous <br />Substance or Environmental I.aw of which Bortower has actual knowledge, (b) any Enviranmental <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 ca.used by the presence, use or release of a Hazardous Substance <br />wlucfi adversely affects the value of the Property. ff Borrower leams, or is notif'ied by any governmental 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 prompfly take all necessary remedial actions in <br />accordance with Environmental L.aw. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covennn�s. Borrower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Barrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 1$ unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the defanit; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Bonower, by which the default must be cured; and (d) that failnre to cure the <br />default on or before the date specified in the notice may result in acceleration of the sums secured by <br />this Secnrity Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a <br />default or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date spec�ed in the notice, Lender at its option may r�uire immediate payment in fnll of <br />all sums secured by this Security Instrument withont further demand and may inooke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all exgenses <br />incurred in pursuing the remedi� provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is in�oked, Trustee shall record a notice of default in each county in wluch any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the persoas and in the manner <br />prescribed by Applicable Law. Trustee, without denzand on Borrower, shall sell the Property at public <br />suction to the highest bidder at the time and place and nnder the terms d�ignated 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 pnblic announcement at the time and place of any previonsly schednled saie. <br />Lender or its desig�nee may purchase the Property at any sale. <br />Ugon receipt of payment of the price bid, Trastee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trastee'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 fhe foIIowing order: (a) to <br />all costs and exp�enses of exercising the pc►wer of sale, and the sale, including the payment of the <br />Trustee's fees actually incnrred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secnred by this Secnritq Instrumeat; antd (c) any exe�s to the person or persons legally <br />entitled to i� <br />NEBRASKA-Single Family-Fannie Mae/Freddia Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMPB�NE) 11106�.00 <br />Woltars Kluwar Rna�ial Servicas Paga 14 of 17 <br />
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