201209044 - Laserfiche WebLink

Browse

�012U9 sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer produets). Borrower shall prompfly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private parly involving the Property and any Hazardous Substance or Environmental Law of wluch Borrower has actual l�owledge, (b) any Environmental Condition, including but not limited w, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower leazns, or is notified by any governmental or regulatory authority, or any private pazry, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary 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 covenant and agree as follows: 22. Acceleration; Remedies. Lender shall gfve notfce to Borrower prIor to accelerattton follovving Borrower's breach of any covenant or agreement in this Security Insttvment (but not prior to acceleration under Section 18 unless Applicable Law prnvides othervvise). The nodce sha11 specify: (a) the default; (b) the act3on required to cure the default; (c) a date, not l�s than 30 days from the date the notice is g�tven to Borrower, by which the default mnst hs cured; and (d) that failnre to cure the default on or before the date specffied in the notice may resnit fn acceleration of the sums secnred by this Secut ity L�strument and sale of the Progerty. The nol�ce shall fivrther inform Borrower of the right to reinstate after acxeleration and the i3ght to bt3ng a court action to assert the non-e�stence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date spec'�ied in the notice, Lender at its optton may require immediate payment in fuIl of aII snms secnred by this Secutity Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to coIIect aII egpenses incnrr� in pursming the remedies provided in this Sec�'ion 22, including, but not lm4it� to, reasonable attorneys' fe� and costs of title evidence. If the power of sale is invoked, Trustce shall record a notice of defanit in �ch county in which any part of the Property is located and shall mail copi� of snch notice in the manner pt�escribe�l by Applicable Law to Borrower and to the other petsons pr�cribed by Applicable Law. After the t�me required by Applicable Law, Ttvstee shall give pnblic notice of s�ale to the persons and fn the manner prescril�d by Applicable Law. Trustce, withotrt demand on Borrower, shall seIl the Property at publfc aud3on to the highest bidder at the time and place and under the terms designated in the no�ice 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 recefpt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's de.ed conveying the Property. The r�ftals 3n the Trustee's de� shall be prima faaie 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 exercfsing the power of sale, and the sale, inclnding the payment of the Trustee's fces actuaIly incarred and reasonable atxorneys' fees as permitted by Applicable Law; (b) to all s�mns secnred by this Security Instrument; and (c) any excess to the person or persons legally entitled to ft. NEBRASKA-Single Famtiy-Fenrtie Mae/Freddre AAao UNIFORM INSTRUMENT Form 3028 1l01 VMP � VMPBINEI 111061.00 Wohara IOuwer Financial Sarvicas Page 14 of 17