Laserfiche WebLink
2 n1207��� <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or <br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, <br />anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental <br />Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely <br />affects the value of the Property. The preceding two sentences sha11 not apply to the presence, use, or storage on the <br />Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential <br />uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written nodce of (a) any investigation, claim, demand, lawsuit or other action <br />by any govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or <br />Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not <br />limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condi6on <br />caused by the presence, use or release of a Hazardous Substance which adversely affects tUe value of the Properiy. If <br />Bonower learns, or is notified by any governmental or regulatory authority, or aay private party, that any removal or <br />other remediarion of any Hazardous Substa.nce affecting the Property is necessary, Borrower sha11 promptly take all <br />necessary remedial actions in accordance with Envirottmental Law. Nothing herein shall create any obligation on Lender <br />for an Environmental Cleanup. <br />NON-LJ1vIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breac6 of any covenant or agreement in thia Security Instrument (but not prior to accelerai3on under Sectton 18 <br />unless Applicable Law provtdes otherwise). The notice shall specify: (a) the default; (b) the acl3on required to cure <br />the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default <br />must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in <br />acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall fnrther <br />inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non- <br />existence of a default 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 nol3ce, Lender at its option may require immediate payment in full of all sums <br />secured by this Security Instrument wit6out further demand and may invoke the power of sale and any other <br />remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and coats of title <br />evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the <br />Property is located and shall mail copies of such notice in the manner <br />prescribed by Applicable Law to Borrower and to the ot6er persons prescribed by Applicable Law. After the <br />time required by Applicable Law, Trustee shall 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 aucl3on to <br />the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels <br />and in any order Trustee determines.lYustee may postpone sale of all or any parcel of the Property by public <br />announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made <br />therein. Trustee shall apply the praceeds of the sale in the following order: (a) to all costs and ezpensea of <br />exercising the power of sale, and the sale, including the payment of the Trustee's fe� actually incurred and <br />reasonable attorneys' fees as permitted by AppHcable Law; (b) to all sums secured by this Security Instrament; <br />and (c) any excess to the person or persons legally entitled to i� <br />23. Reconveyance. Upon payment of all sums secured by this Security InstruTnent, Lender shall request Trustee to <br />re-convey the Property and shall surrender ttris Security Instrument and all notes evidencing debt secured by tlus Security <br />Instrument to Trustee. Trustee shall reconvey the Properiy without wananty to the person or persons legally entitled to it. <br />Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying <br />NEBRASKA -Single Family-Fanni� Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />Page 11 of 12 <br />ios, ir,�. Borrower(s) In(tlals � � • � • <br />