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201206530
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8/8/2012 8:22:51 AM
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8/8/2012 8:22:51 AM
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DEEDS
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201206530
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201206530 <br />sentences shall not apply to the presence, use, or storage on the Properly 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 />Bonower 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 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 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 I.aw. Nothing herein shall create any obligarion on Lender for an <br />Environmental Cleanup. <br />Nan-UniforEn Covenants. Borrower and Lender covenant and agree as follows: <br />22. AcceFeratiott: Heonedies. Lender sh�l gi�e notice to Borrow� grior to $cceleration follo�eing <br />Burrower's breach of any �ov�nt or ag�ment 1n thns Sec�rity I�ent (but not grior to <br />accet�on u�tder Section 18 euiless Apg�ic�ble I.ave provides o�herv�ise). The Batice shall spe�ify: (a) <br />the de��ult; (6) the action sequired to c�re the default; (c) a date, not le�s thas 30 days from the date <br />t3i,e mttice is give.n to Borrav�er, by which �he default must be cuted; and (d) tl�t failure to cure t6e <br />d�ult os or before the � specified iB ti� �tece may res�lt in a�celeration of tl�e s�ms s�ured by <br />tius S�s�ty �str�ment � sa�$ a� tbe Propesty.l"�e n�tice s�l fuErth� iaforni �io�zower o� the <br />right to ��e after ae�ierati�� �nd the s�t to bring a cattrE �cti�n to assext t�e nan-e�ence of a <br />de�a�� aF �sy ot�er deFe� s� �orcr�we.r to acceiera�ian and s�e. If the defar�t �s Bot eur�l e� or <br />befare ttle d�e specw�ied in tfie �tice, �esder $t ��s ogtiBn ffiay req�re iffimediate p:tyment in full af <br />�I su�s s��red by tlus Sec�rity �meat �a+ithout furE�er de�ud �d may invoke the powes� of sale <br />and any otfier r�medies pesmitt�3 by Apglicabte Law. Z.ender s�t be entitled to cQtlect all ex�enses <br />incurred in pursning the remedi� provided im this S�tio� 22, indue�ng, but not limi� to, re�sonahle <br />attome�rs' fees and costs of titte �deace. <br />If the power of �e is inv�, Tre�st� sfaail �ecord a notice of def��t in each rnunty in whic6 a�y <br />part sf the Paoperty is Iocated �d shatl mail co�ries ef sveh ao�ice ir� �he ma� pmscri6ed by <br />AppTic�b}e I.aw to Boarower �nd te� tt�e other �ns �sescrabed 6y Agglicable Law. A�ter the t�me <br />required by APglicable Law, T°r�ee s�all give pub�ic notiee of sale to t�t$ persons an� in t�e ma�nes <br />prescri6ed by Applieabte I.aw. �'sustee, without demand oII Barnrwer, shali se�I the Froperty at gitbTic <br />aeiction to the highest bidder at the time and place anci under the terms dasignated in the notice of saie <br />in one or more parcels an� in any order Trustee determines. Trustee m�y postpone sale of all or any <br />parcel of tLe Property by public announcement at the time and place of any previously sc�eduled sale. <br />Lender or its designee may purcbase 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 the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proce�s of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces actuatly incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />alI sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMP6{NE) (1105) <br />Wolters Kiuwer Flnancial Services Page 14 af 17 <br />
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