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201207074
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8/27/2012 8:55:34 AM
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8/27/2012 8:55:33 AM
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DEEDS
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201207074
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�Q120�07� <br />sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recogni2ed to be approp�iate 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 Properly and any Hazardous <br />Substance or Environmental Law of which Borrower has actual l�owledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, dischazge, 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 Borrower leazns, or is notified by any govemmental 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, he�ein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give natice to Borrower grior to acceieration following <br />Barrower's breach of any covenant or agreement in tl�is Security InstrWment (btit not prior to <br />acceleration under 5ection 18 unteas Applicable Law provides oth�rwise). The notice shall specify: (a) <br />the default; (b) the action requir� to cure the default; (c) a date, aot leas than 30 days from the date <br />the notice is given to Borrower, by which the defavit must be cured; and (d) t6at failure to cure the <br />deiauEt on or be�or� the date specified in the notice may resvlt in acceleration of the s�ms secured by <br />thi4 S�urity I�n�ment and sate af the Prc��perty. T6e natice s��l f�r�i�er inform Borrower of t�e <br />riglet �o re�te after acceteration and the r�ght to bring a eo�rt action to �sert the non-existence of a <br />defauit or any ot6er defense of �orrower to a«xt�ation and sale. If the default is not cured on or <br />before th� c�ate specified i� the notice, Lender at ��.s optie� t�y req�ire i�ediate payrnent ia full of <br />all s�ms secvred by this Security irset�-.�*�!Pnt without furt�ser de��nd and may invoke the power of sale <br />and any other re�e�ies permitted by Applicable La�. Lender s�all be enti� to eollect all expenses <br />incurred in pursuing the remedies providal in this Sectian 22, including, but not Iimited to, reasonable <br />attorneys' fees and cosks of title evidence. <br />If the power of �le is invoked, Treist� shall record a notice of default in each county in which any <br />part of the Property is located and shalt mail copies of such notice in the ma�ner prescribed by <br />Applicabie Law to Borrower aud to the other persons prescribed by Agglicable Law. After the time <br />r�uired by Agplicable Law, Tnistee shall give public notice of sale to the persans and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the ltighest bidder at the time �nd place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may pastpone sale of all or any <br />parcel of the Property by public announcement at the time and glace of any previously scheduled sale. <br />Lender or its design� may purchase 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 Trust�'s dced shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds 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 />Tn�stee's f�s actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured by this Security Instrument; and (c) any excess to the gerson or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannie Mae/Fredd(e Mac UNIFORM �NSTRUMEIVT Form 3029 1/01 <br />VMP � VMPB(NE) 117051 <br />Wolters Kluwer Financial Services Page 14 of 17 <br />
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