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201207000
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Last modified
9/10/2012 2:54:09 PM
Creation date
8/24/2012 8:31:29 AM
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DEEDS
Inst Number
201207000
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20�20�000 <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Properly (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 Hazazdous <br />Substance or Environmental Law of which Borrower has acival knowledge, (b) any Environmental <br />Condition, 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 Properly. If Boaower learns, or is nntified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Properly is necessary, Borrower shall prompfly take all necessary 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 accelerataon following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration nnder Section 18 nnle� 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 default must be cured; and (d) that failnre to cnre the <br />defanit on or before the date spec�ed in the notice may resnit in acceleration of the sums secnred by <br />this Security Inshvment and sale of the Property. The notice shall fnrther inform Borrower of the <br />right to reinstate after acceleration and the right to bring a courE action to assert the aon-e�stence of a <br />defanit or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option may require immediate payment in fnll of <br />a11 sums secnred by this Security Instrument without further demand and may in�oke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />iacurred in pursuing the remedi� provided in this Section 22, inclnding, 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 defanit in each connty in wluch any <br />gart of the Property is located and shall mail copies of snch notice in the manner pr�cribed by <br />Applicable Law to Borrower and to the other persons prescribed bq Applicable Law. After the time <br />reqnired by Applicable Law, Trustee shall give public notice of sale to fhe persous and in the manner <br />prescribed by Applicable Law. Trnstee, withont demand on Borrower, shall sell the Property at public <br />anetion to the high�t bidder at t6e time and place and nnder the terms d�ignated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trastee may postpone sale of all or any <br />parcel of the Property by public annonncement at the time and place of any preoionsly schednled sale. <br />Lender or its d�.signee may parchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the pnrchaser Trustee's deed <br />conveying the Progerty. The recitals in the Trustee's d��l shall be prima facie evidence of the trnth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all c�ts and expens� of exercising the power of sale, and the sale, inclnding the payment of Ehe <br />Trastee's fees actnally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the �rson or persons legally <br />entitled to i� <br />NEBRASKA-Single Femily-Fannia Mae/Freddie Mac UNIFORM INSTRUMENT Farm 3028 1101 <br />VMP � VMPB�NE) 117061.00 <br />Wolmrs Kluwer Flnartcial Sarvicas PaBe 14 of 17 <br />
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