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201204716
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Last modified
6/28/2012 4:21:51 PM
Creation date
6/13/2012 3:06:40 PM
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DEEDS
Inst Number
201204716
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20120471� <br />any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower sha11 <br />promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein sha11 create any <br />obligation on Lender for an Environmental Cleanup. <br />IVON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's bresch of any covenant or agreement in this Security Instrument (but not prior to accelerallon under <br />Section 18 unl�s Applicable Law provid� otherwise). The notice shall specify: (a) the default; (b) the action <br />required to cure the default; (c) a date, not l�s than 30 days from the date the notice is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default on or before the date specified in the <br />notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The <br />notice shall further inform Borrower of the right to reinstate after acceleraHon and the right to bring a court <br />action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the <br />default is not cured on or before the date specifi� in the notice, Lender at its option may require immediate <br />payment in full of all sums secured by tlus Security Instrument without further demand and may invoke the <br />power of sale and any other remedies permitted by Applicable Law. Lender shall be enHtled to collect all <br />expenses incurred in pursuing the remedie,s provided in this Section 22, including, but not limit� to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part <br />of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons pre,scribed by Applicable Law. After the time required by Applicable Law, <br />Trust� shall give public notice of sale to the persoas and in the manner prescribed by Applic�ble Law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the lughest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trust� <br />determines. Trustee may post�ne sale of all or any parcel of the Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its designee may purchase the Pro�rty at any sale. <br />Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's de,ed shall be prima facie evidence of the truth of the statements <br />made therein. Trust� shall apply the proceals oF the sale in the following order: (a) to all costs and expenses <br />of exercising the power of sale, and the sale, including the payment of the Trustee's fces actually incurred and <br />reasonable attorneys' f� as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; <br />and (c) any excess to the person or persons l�ally entitl� to it. <br />23. Reconveyance. Upon payment of a11 sums secured by this Security Instrument, L,ender sha11 request Trustee <br />to reconvey the Property and sha11 surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee sha11 reconvey the Property without warranty to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may chazge such person or persons a <br />fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered <br />and the charging of the fee is permitted under Applicable Law. <br />24. 5ubstitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Borrower's <br />address which is the Property Address. <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DodVlag/c� <br />Form 3028 1/01 Page 12 of 14 www.docmagfc.com <br />, <br />/ <br />Ne3028.dot.�1 <br />
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