201301557 - Laserfiche WebLink

Browse

201301557 sentences shall not apply to the pieseucc. use. or storage tin the Properly of small quantities of Hazardous Substances that are general]) recogmz_ed to be appropriate to normal residential uses and to maintenance of the Property (including.but not limited to, hazardous substances in consumer ptoducls`. Borrower shall prompts give Lender written notice of(at may investigation. claim. demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and am Hazardous Substance or Environmental Law of which Borrower has actual knowledge. (b)any Environmental Condition. including but not limited to. any spilling. leaking. discharge. release or tlu>;at of release of an, Hazardous Substance, and(c) any condition caused by the presence. use or release of a Hazardous Substance much advemet■ affects the aloe. of the Property, If Borm,ei learns, or is notified by any governmental of rcgulatoty authonly, or am private: phony. than am removal or Giber rculediatior of an Hazardous Subst.ti lr,: affectim;; [hi. Property is necessary, Gnrrowet shall promptly lake all necessary rutcdoa; actions in accordauLe win Environmental La,e Nothing herein shall create any obligation on i,nder for an Environmenut] Cleanup. Peon-UniformCovenants.Borrow er and Lender covenant and agree as follows: 22. Acceleration;Remedies.Len der shall give notice to Borrower prior to acceleration following Borrower's breach of an cmenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law pros ides otherwise). The notice shall specify: tat the default; (b) the action required to cure the default; tel a date, not less than 30 days from the date the notice is given to Borrower, h) which the default must he cured; and (di that failure to cure the default on or Before the date specified in the notice may result in acceleration of the sums secured b) this Security Instrument and sale of the Properly. 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 ally other defense of Borrower to acceleration and sale. If the delaul( is not coned on or before the date specified in the notice,Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not !United to, reasonable attorneys' fees and 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 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 I.iiw. After the time required In- applicable Law, Trustee shall give public notice of sale to the perums and in the manner prescribed by Applicable Law. 'Iruslee,without demand on Borrower, shall sell the Property at public_ auction to the highest bidder at the time and place and arnder 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 an) prep iousl) scheduled sale. Lender or its designee may purchase the Property at an) 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 apply the proceeds of the sale in the following order: (at to all costs and expenses of exercising the power of sale,and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted h) Applicable Law; (h) to all sums secured by this Security Inetrumed; and (cl any excess to the person or ircrSmiS legally entitled to it. NEBRASKA-Sin le Fault-Fannie Mae/Freddie Mac UN FORM IMSTRUMENT Form 30'_9':31 VMP @ g VMP6(NE)(11c5:cc Wolters Kluwer Fnarciai Serases Page,.d 1"