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201204405
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6/5/2012 4:39:42 PM
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6/4/2012 9:31:19 AM
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DEEDS
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201204405
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241204�0� <br />sentences shall not apply to the presence, use, or storage on the Property of small quanrities 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 />Bonower shall promptly 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 Bonower has actual lrnowledge, (b) any Environmental <br />Condition, including but not limitefl to, any spilling, leaking, discharge, release or threat of release of any <br />Ha�rdous Substance, and (c) any condirion caused by the presence, use or release of a Hazardous Substance <br />which adversely aff�ts the value of the Property. If Bonower 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 aud Lender covenant and agree as follows: <br />22. Aiccelerafion; Remedies. Lender s1�U give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this S�urity Iastrument (i�ut not prior to <br />acceteration vnder S�cti�n �8 unless Applicable Law provides otherwise). The notice shatl specify: (a) <br />the default; (b) the action r�uired ta eure the defauit; (c) a date, not less than 30 days from the date <br />the notice is given �o Borrower, by wtsieh the deFatilt mt�st be cured; and (d) that fai�tire to cure the <br />d�fault oa or before the date spec�fiecl in the notice may result in aceelEration af the sums s�ured 6y <br />t�is See�u ity Iffitreimen� and saie of the Pcoperty. T6e n�tic� shall f�rther euforni Borrower di the <br />right to rein.ctate aftea aeceTeration and the right ta b�ng � court actiun ta assert tl�e non-exis�esce of � <br />defauit or any other defense of Borrower ta aceeleratir�n anc� sale. If the deiauit is not cured on or <br />before the date specified in the notice, Lender at its option may require �mmediate g�ayme�t ig fi�t� o€ <br />a1� sums s�urecl by this Security I�ment wit.�o�t turther demand and may iavok� the power of s�ie <br />and any other remedies permitted by AggTicaWe Law. Lender shall be entitled to collect ati expenses <br />incurred in pursuing the remedies provided ia tl� Section 22, including, but nat timited to, reasonable <br />attorneys' fces and costs of title e�ideace. <br />If the pc►wer of sale is invok�, Trustce shatl record a notice of default in �tch county in whic�e any <br />part of the Property i,s loca�ed and s�eall mail capies of such notiee in tt�e manner prescribecl by <br />App{icable I.aw to Bosrower aad ta the other persons prescribed by Applicable �'.aw. After the time <br />rec�uired by Applicable Law, Trustee shall give guWic notice of sale to the persons and in the manaer <br />prescri�d by Applicable Law. Trustee, without demand on Borrower, s6ai1 sell the Property at public <br />anction to the Wghest 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 Trustee determines. Trust� 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 receipt of payment of the price bid, Trustee shall deliver to the purchaser Trust�'s dced <br />conveying the Property. The re.citals in the Trustee'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 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 />Trust�'s fees actually incurred and reasonable attorneys' fecs as permitted 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-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 14 of 17 <br />�� <br />. q : , . . i� <br />
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