Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
�0�208847 <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazazdous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Property (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 Progeriy 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, discharge, release or threat of release of any <br />Hazardous Substance, and (c) auy condition caused by the presence, use or rele,ase of a Hazardaus Substauce <br />which adversely affects the value of the Properry. If Borrawer learns, or is notified by any governmental or <br />regulatory authority, or any private parl that any removal or other remediation nf a� Hazardous Substance <br />affecting the ProgEriy 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 I.ender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Se�tion 18 unless Applicable Law provides otherwise). The notice shall sp�ify: (a) <br />the default; (b) the action reqnired to cnre the default; (c) a date, not l�s than 30 days from the date <br />the notice is given to Borrower, by which the default mnst be cnred; and (d) that failure to cnre the <br />defanit on or before the date spec�ed in the notice may resnit in acceleration of the snms secnred by <br />this Secnrity Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a courE action to assert the non-e�dstence of a <br />defanit or any other defense of Borrower to acceleration and sale. If the default is not cnred on or <br />before the date specified in the notice, Lender 8t its option may ret�uire immediate payment in fnll of <br />all sums secnred by this Secnrity Instrnment without further demand and may invoke the pawer of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expens� <br />incnrred in pnrsning the remedi� provided in this Section 22, inclnding, but not limited to, rea�onable <br />attomeys' fe� and costs of fitle evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each connty in wtuch any <br />part of the Property is located and shall mail copi� of snch notice in the manner pr�cribed by <br />Applicable Law to Borrower and to the other persons pr�cribed by Applicable Law. After the time <br />reqnired by Applicable Law, Trastee shall give pnblic 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 gnblic <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in oae or more garcels and in any order Trustee determin�. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previonsly scheduled sale. <br />Lender or its designee may pnrchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trnstee shall deliver to the pvrchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's d�d shall be prima facie evidence of the trath of <br />the statements made therein. Trastee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expeuses of egercising the power of sale, and the sale, including the payment of the <br />Trnstee's fe� actaally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured by this Secnrity Instrnment; and (c) any excess to the person or persons legally <br />entitled to iE. <br />NEBRASKA-Singla Famfly-Fanrde Mae/Fraddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />� � VMP81NE) (11061.00 <br />Woltera Kluwer Flrmncial Servic� PeBa 14 of i 7 <br />