Laserfiche WebLink
2012054�d <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are 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 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 knowledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Ha�ardous 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. If Bortower 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 Cle�anup. <br />NYon-Unlfol'1'rlCovenants.Borrower and Lender covenant and agtee as follows: <br />22. Acceleration; Remedies.Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Secnrity Instrament (bnt not prior to <br />acceleration under Seclaon 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action reqnired to cure the defanit; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the defanit mnst be cured; and (d) that failnre to cnre the <br />defanit on or before the date spec�ed in the notice may result in acceleration of the snms secured by <br />this Security Instrament and sale of the Property. The notice shall farther inform Borrower of the <br />right to reinstate after acceleration and the right to bring a conrt action to assert the non-esistence 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 require immediate payment in full of <br />all sums secnred by tlris Securily Inatrument withont fnrther demand and may invoke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all espenses <br />incurred in pnrsaing the remedies provided in this Section 22, including, bnt not limited 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 <br />part of the Property is located and shall mail copies of snch notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />reqnired by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trnstee, withont demand on Borrower, shall sell the Property at pnblic <br />auction to the ltighest 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. Trnstee may postpone sale of all or any <br />parcel of the Properly by pnblic 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, Trastee shall deliver to the pnrchaser Trastee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the trath of <br />the statements made therein. Trastee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and ezpenses of ezercising the power of sale, and the sale, inclnding the payment of the <br />Trustee's fees actaally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secnred by tLis Secnrity Instrument; and (c) any ezcess to the person or persons legally <br />entitled to ik <br />NEBRASKASingte Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Woltera Kluwer Financial Servicea <br />� ! <br />� <br />Fortn 3�281/01 <br />VMPB(NE) (1105).00 <br />Page 74 of 17 <br />�� <br />