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201204388
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Last modified
6/5/2012 4:28:18 PM
Creation date
6/4/2012 9:03:18 AM
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DEEDS
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201204388
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2012043 <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />5ubstances 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 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 Property and any Hazardous <br />Substance or Environmental Law of which Borrower has actual l�owledge, (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. ff Borrower learns, or is notified 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 promptly take all necessary remedial actions in <br />accordance 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. Acceler�tion; Remedies. Lender shall gioe no6ce to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Secnrity Instrument (bnt not prior to <br />acceleration under Section 18 nnless Applicable Law provides otherwise). The notice shall specify: (a) <br />the defanit; (b) the action required to cnre the defanit; (c) a date, not l�s than 30 days from the date <br />the notice is gioen to Borrower, by wlrich the default must be cured; and (d) that failure to cure the <br />default on or before the date spec'if'ied in the notice may result in acceleration of the snms secured by <br />this Security 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-e�stence 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 specified in the notice, Lender at its option may require immediate payment in full of <br />all sums secnred by this Secnrity Instrument without fnrther demand and may invoke the power of sale <br />and any other remedi� permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incnrred in pnrsning the remedies provided in this SECtion 22, including, but not limited to, reasonable <br />attorneys' fe� and costs of title evidence. <br />If the power of sale is in�oked, Trustee shall record a notice of default in each connty in wlrich 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 gersons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trastee, without demand on Borrower, shall sell the Property at pnblic <br />auction to the higheat 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 Trastee determin�. Trustee may postpone sale of all or any <br />parcel of the Progerty by public announcement at the time and place of any preoionsly scheduled sale. <br />Lender or its designee may purchase the Progerty at any sale. <br />Upon receipt of paycnent of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />con�eying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the lrnth 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 ezercising the power of sale, and the sale, including the payment of the <br />Trnstee's fe� actnally incurred and ressonable attorneys' f�s as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any escess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Famfly-Fannie Mae/Freddia Mac UNIFORM INSTRUMENT <br />VMP � <br />Woltars Kluwar Financlal Sarvicas <br />�.m aoze irot <br />VMPBINEI (11061.00 <br />Paga 14 ot 17 <br />
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