201207831 - Laserfiche WebLink

Browse

201207�3� any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Bonower sha11 promptly take a11 necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: 22. Accelerallon; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under S�tion 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 l�ss than 30 days from the date the notice is given to Borrower, by w}uch 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 s�ured by ttus S�urity Instrument and sale of the Property. The 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 specified in the noHce, Lender at its option may require immediate payment in full of all sums secured by this S�urity Instrument without further demand and may invoke the power of sale and any other remedi� permitted by Applicable Law. Lender shall be entitl� to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limit� to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invok�, Trustce shall r�ord a notice of default in each county in wluch any part of the Property 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 and 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 designee may purchase the Property at any sale. Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveyiag the Property. The r�itals in the Trustee's dced shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply 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 the payment of the Trust�'s f� actually incurred and reasonable attorneys' fees as permitted by Applicable Law; @) to all sums secured by this 5ecurity Instrument; and (c) any exc�s to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of a11 sums se.cured by this Security Instrument, Lender shall request Truste,e to reconvey the Property and sha11 surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Truste.e. Truste,e shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons sha11 pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Properly, but only if the fee is paid to a third pariy (such as the Trustee) for services rendered and the chazging of the fe,e 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 of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Truste,e herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Bonower's address which is the Property Address. NEBRASKA--Single Family--Fannie Mae/Freddie Mec UNIFORM INSTRUMENT DocMag/c� Form 3028 1/01 Page 7 2 of 14 www_docmagic.com �\ �� Ne3028.dot.unl