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201205728
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Last modified
9/10/2012 2:44:53 PM
Creation date
7/13/2012 10:27:34 AM
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DEEDS
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201205728
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20i2o <br />sentences sha11 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 actuai l�owledge, (b) any Environmental <br />Condirion, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Hazardous 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 Bonower leazns, or is norified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous 5ubstance <br />affecting the Progerty is necessary, Bonower shall promptly take all nec:essary 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 and Lender covenant and agree 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 Security Instrument (but not prior to <br />acceleration under Section 18 unle� Atpglicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the noHce is given to Borrower, by whicb tHe default must be eured; and (d) that failure to cure the <br />default on or before t�ee date specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Praperty. The notice shalt forther inform Borrower of the <br />right to reinstate after acce�eration and the right to bring a court action to assert the non-e�stence of a <br />defau�t or any other �efe�se of Borrower to aeceletat�on and s�le. If the defauit is iu►t cured on ar <br />before the date specified in the notice, Lender at its option may require immediate payment in ftfll of <br />all sums secared by t6is Se.ciirity I�tr�r�nent withflut fw-ther de�aan�i auil may invoke the power of sate <br />and any other remedies permitted by Apglicable Law. Lender shall be entitled to collect all expenses <br />incurred in pursuing the remedies pro�ided ue this 5ection 22, inciu�ing, but not limited to, reasonable <br />attorr►eys' fees and costs of title evidence. <br />If the power of sale i4 invoked, �rustee s1�ll secord a notice of default in each county in which �ny <br />part of the Property is located a�d sha31 mail copics of such notice in the mRnner prescribed by <br />Applicable Law to Borrower and to the ather persons prescribed by Applicable Law. After the time <br />required by Apglitabte Law, Trustee sball give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designat�l in the notice of sale <br />in one or more parcels and in any order Tru,stee determines. Tnutee may postpc►ne 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 r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The r�itals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. �ustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expenses of exercising the gower of sale, and the sale, including the payment of the <br />Trust�'s fees actually incurred and reasonable attorneys' fces 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 Mse/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Servfces <br />Form 3028 1/Ot <br />VMPBINE) (11051 <br />Page 14 of 17 <br />
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