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201205251
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Last modified
9/10/2012 2:37:50 PM
Creation date
6/29/2012 9:07:50 AM
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DEEDS
Inst Number
201205251
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201245251 <br />sentences shaIl not apply to the presence, use, or storage on the Property of small qvantides of Hazardous <br />Substances that are generally recognized to be appropriate to normal resid�ntial uses and to maintenance of <br />the Property (including, but not limited to, hazazdous substances in consumer products). <br />Borrower shall prompdy 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 />Substauce or Environmental Law� of which Borrower 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 />Hazazdous Substance, and (c) any condition caused by the presence, use or release of a Hazazdous Substance <br />which adversely affects the value of the Property. If Borrower learns, or is uotified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediatian of any Hazardous Substance <br />affecting the Progerty is necessary, Borrower shall promptty 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 Covenents. Borrower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall gioe notice to Borrower prior to acceleration folIowing <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration nnder Section 18 un[ess Applicable Law provid� otherwise). The notice shall specify: (a) <br />the defanit; (b) the action required to cure the default; (c) a date, not le�.s than 30 days from the date <br />the notice is gioen to Borrower, by wluch the defanit must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may resnit in acceleration of the sums secnred by <br />this Security Instrument and sale of the Ptoperty. 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 defanit is not cnred on or <br />'before the date specified in the notice, Lender at its option may reqnire immediate payment in fall of <br />all sums secnred by this Securitq Instrument withont further demand and may in�oke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incurred in pursuing 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 inooked, Trustee shall re�ord a notice of defanit in each county in which any <br />part of the Property is I�ated 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 />rec�uired by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by .�pplicable Law. Trustee, withont demand on Borrower, sbalI sell the Property at public <br />anction to the highest bidder at the time and place and under the terms designated in the notice of esle <br />in one or more parcels and in any order Trastee detenmines. Trustee may gostpone sale of all or any <br />parcel of fihe Property by public announcement at the time and place of any previonsly scheduled sale. <br />Lender or its d�igttee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in tlte Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Truste� shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expense.s of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incnrred and reasonable attorneys' f�s 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-Fannia Mae/Freddfa Mac UNIFOHM INSTRUMENT <br />VMP � <br />Woltars Kluwer Fnancfal Satvices <br />Form 3028 1/Ot <br />VMP61NE1 (1106).00 <br />Paga 14 of 17 <br />
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