201207754 - Laserfiche WebLink

Browse

� ' 201207754 any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower sha11 promptly take all necessazy remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follows: 22. Acceteration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in t6is Security Instrument(but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a)the default;(b)the action required to cure the default;(c)a date, not less than 30 d�ys from the date the notice is given to Borrower, by which the default must be cured;and(d)that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument�nd sale of the Property. TLe notice shall Further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. IF the default is not cured on or before the date specit5ed in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security lnstrumeut without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to colleet all expenses incurred in pursuing the remedies provided in this Section 22,including,but not limited to,reasonable attorneys' fees aad costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Praperty is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee 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 Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels �nd in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place oF any previously scheduled sale. Lender or its desiguee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall appty the proceeds of the sale in the following order: (a)to all costs and expenses of exercising the power of sale, and the sale, including tLe payment of the Trustee's fees actu$lly incurred and reasonable attorneys' fees as permitted by Applicable I.aw;(b)to all sums secured by this Secarity Instrument; and(c)any excess to the person or persons legally entitled to i� 23. Reconveyance. Upon payment ofall sums secured by this Secueity Instrument,Lender shall request Trustee to reconvey the Property and shall surrender this Security Insirument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordaYion costs. Lender may charge such person or persons a fee for reconveying the Property,but only if the fee is paid to a third party(such as the Trustee)for services rendered and the chazging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance ofthe Property,the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law_ 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA—Single Family—Fannie MaPJFreddie Mac UNIFORM INSTRUMENT ��8�� Form 3028 1/01 Page 12 of 14 www_docmaglc.cam