201205391 - Laserfiche WebLink

Browse

2Q12U539� adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quanriries of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to ma.intenance of the Property (including, but not limited to, hazardous substances in consumer products). Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other acrion by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Bonower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, dischazge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediarion of any Hazardous Substance affecting the Property is necessary, Borrower sha11 promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligarion on Lender for an Environmental Cleanup. follows: NON-UNIFORM COVENANTS. Bortower and Lender furkher covenant and agree as 22. AcceleraHon; Rem�lies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Se.curity Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The noHce shall specify: (a) the default; (b) the action requir�l to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-e�stence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require imm�liate payment in full of all sums s�ured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this S�tion 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked,lYustee shall r�ord a notice of default in each county in wfuch any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, 1'rust� shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. 14�ustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms deisgnated in the notice of sale in one or more parcels and in any order Trust� determines. Trustee may postpone sale of all or any NEBRASKA — Single F�ily — Fende Mae/Freddie Mee UNIP�ORM INSfRUMENT Farm 30E8 iroi GCC - G3028-16 (09/Ol) (Page 16 of 19) Initisls: