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201401096
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Last modified
7/20/2017 10:22:43 AM
Creation date
2/27/2014 9:37:36 AM
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DEEDS
Inst Number
201401096
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201401096 <br /> full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if <br /> exercise is prohibited by federal law as of the date of this Security Instrument. <br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a <br /> period of not less than the minimum number of days established by Applicable Law from the date the notice is <br /> delivered ar mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower <br /> fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this <br /> Security Instrument without further notice or demand on Borrower. <br /> Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have <br /> enforcement of this Security Instrument discontinued at any time prior to the earlier o£ (a) 5 days (or such other <br /> period as Applicable Law may specify for reinstatement)before sale of the Property pursuant to any power of sale <br /> contained in this Security Instrument; or (b) entry of a jud�ment enforcing this Security Instrument. Those <br /> conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument <br /> and the Contract as if no acceleration had occurred;(b)cures any default of any other covenants or a�reements; (c) <br /> pays all expenses incurred in enforcing this Security Instrument, including,but not limited to,reasonable attorneys' <br /> fees to the extent permitted by law; and (d)takes such action as Lender may reasonably require to assure that the <br /> lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured <br /> by this Security Instrument shall continue unchan�ed. Upon reinstatement by Borrower, this Security Instrument <br /> and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this <br /> ri�ht to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a <br /> Beneficial Interest in Borrower. <br /> Hazardous Substances. Barrower shall not cause or permit the presence, use, disposal, storage, or release of any <br /> Hazardous Substances on ar in the Property. Borrower shall not do,nor allow anyone else to do,anything affecting <br /> the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the <br /> presence,use, or storage on the Property of small quantities of Hazardous Substances that are generally reco�nized <br /> to be appropriate to normal residential uses and to maintenance of the Property. <br /> Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by <br /> any governmental or regulatory agency or private pariy involving the Property and any Hazardous Substance ar <br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns, ar is notified by any <br /> governmental or regulatory authority,that any removal or other remediation of any Hazardous Substance affecting <br /> the Property is necessary, Borrower shal( promptly take all necessary remedial actions in accordance with <br /> Environmental Law. <br /> As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances <br /> by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum <br /> products, toxic pesticides and herbicides, volatile solvents, materials containin� asbestos or formaldehyde, and <br /> radioactive materials.As used in this para�raph, "Environmental Law" means federal laws and laws of the state of <br /> Nebraska that relate to health, safety or environmental protection. <br /> Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following �orrower's <br /> breach of any covenant or agreement in this Security Instrument or the Contract under which acceleration <br /> is permitted (but not prior to acceleration under the section titled Transfer of the Property or� Beneficial <br /> Interest in Borrower, unless Applicable Law provides otherwise). The notice shall specify: (a) the default; <br /> (b) the action required to cure the default; (c) a date, not less than the minimum numb�r of days <br /> established by Applicable Law from the date the notice is given to Borrower, by which the default must be <br /> cured; and (d) that failure to cure the default on or before the date speci�ed in the notice m�y result in <br /> acceleration of the sums secured by this Security Instrument and sale of the Property. To the extent <br /> permitted by law, the notice shall further inform Borrower of the right to reinstate after acceleration and <br /> the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to <br /> acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its <br /> option may require immediate payment in full of all sums secured by this Security Instrument without <br /> further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. <br /> To the extent permitted by law, Lender shall be entitled to collect all expenses incurred in pursuing the <br /> remedies provided in this Section, including, but not limited to, reasonable attorneys' fees and costs of title <br /> evidence. <br /> If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of <br /> the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br /> Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable <br /> Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable <br /> Lawe Trustee,without demand on Borrower,shall sell the Property at public auction to the hig�est bidder <br />
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