201206710 - Laserfiche WebLink

Browse

201206710 sentences shall not apply to the przsence, use, or storaee on the Property of small quanrities of Hazazdous Substances that aze generally recogxuzed Co be appropriate to normal residential uses and to:naurtenance of the Properry(including, but not liinited to, hazardous substances in consumer products). Bonowzr shall promptly give Lender written notice of(a) any investigation, claim, demand, lawsuit or oCher acfion Uy any�overnmental or rcgulatory agency ox private party involving the Property and any I�azardous Substance or Enviromncntal Law of which Borrower has aetual knowl ed�e, (b) any Environmental Condition, including but not lunited co, any sgilling, leaking, clischarge; releasa or Threat af release o£any IIazardous Substance, and(c) any condirion caused by the presence, use or release of a Hazardous Substance which adversely affects the value o£the Propecty. Lf BO*rower leazvs, or is notified by any goveiiunental or regula#ary anthority, or any privake party; that any removal os other remediation of any Hazardous 3ubstance affecting the Proyerty is necessazy, Borrower shall promplly take all necessary remedial ac[ions in accorclance with Environmental Law. Nothing herein shall create any obligarion on i,ender for an Eavlroninental Cleanup. Norr-Uniform Covenaqts. Boaower and Lender covenant and agee as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to accelera6on folloR�ing Borroa�er's breach of auy covenaut or agreement in tlus Security Instr•nmeut(but not prior to acceleration under Section 18 iu�leas Applicable Law provides otherwise). The notace shall specify: (a) the defanit (b) the ac6on required to cure the default; (c) a date, not leas than 30 days from the date �he notice is given to Borrower, by whieh the defaulk must 6e cured; and(t� that failure to cure the default on or before the da�.te specified iu the nofice may Yestilt in acceleraflon of the snms secured by thfis Security Instrnment and salc of the Property. The notice shall further inform Borro«�cr of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default�r xny other defense of Borrower to acceleration and sale. If the defaidt is not cured on or before the date specified in the notice, Lcnder at its option may require iiu�uediate payutent in full of all swns secured by this Security Instrument without further demand and may involce the power of sale and any other remedies permitted by Applicable Law. Lender sl�all be entfitled to collect all e�enses incurred in Pm•suing the remedies provided in this Section 22, including, hut not limited to, reasonable attorneys' fees and costs of&tle evidence. If the power of sale is invoked, Trnstee shall record a norice of default in each county in which any part of Che Property is lorated and sha1l mail copies of sueh notice in the manner prescribed by AppIicable La� to Borrower and to the other persons prescribed by Applicable Law. After tke time required by Applieable Law, Trastee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on.Borrower, shall sell the Propertv at public auction to the highest bidder at the iime and placc and imder the terms designated fn the notiee of sale in one or morc parcels and in any order Trustee determines. Trustee mxy p¢stpome sale uf all or any parcel of the Property by pu6lic announeement at fho time and place of any pre�ionsly scheduled sale. Lender or its desfignee may purchase the Property at any sHle. Upon receipt of payment of the price bid, Trustee shall deliver to the purcl�aser Trusfce's deed conveying the Property. The recitals in the Trustee's deed shall be primx facie evidence of the truth of the statemenYs ffiade therefn. Trustee shaU�apply the proceeds of the sale im the foIlo�ving order: (a)to all costs and expemses of exercising the power of sale, and the sale, inclndfng the payment of the Trustee's fees actuallv inciured and reasonable attorneys' fecs us permitted by Applicable Law; (l�)to aIl sums secured by this Security Instrnment; aud(c) xny excess to the person or persons legally enatiea to ix 240C1]6] NEBRi�SKA-Single Family-Fannie bIaPJFreddie M11ac UNIFORN INSTRUh1 ENT form 3020 V�i VNI P� VNI P6(NE)(1105) 'JJolters Kluwer Financi3l Servicas Page 14 0!t]