|
��14�3�95
<br /> full of a�l sums secured b� �his Securi�y Instrument. H�v�e�er, this aption shall n�� be exercised by Lender if
<br /> e�ercise is pr�h�bited by federa�lavcl as of�he date of this Securi�r�ns�rum�nt.
<br /> If Lender exer��ses this op��on, Lender shali giWe Borrov�er no��ce of accelera�ion. The na�ice sha1� provide a
<br /> period of nat �ess �ha� the min�mum nu�nber of days established by Appl�cable La,w fram �he date the notice is
<br /> del��ered or mailed with�n vc��hich Borrower must pay alI sums secured�y th�s Security �ns�rument. �f Borrov�er
<br /> fails t� pay these sums prior to �the e�p�ration flf th�s per�od, Lender may invake any remedies perm�tted b�this
<br /> Se�urity�nstrument vsr��hou�fur�her na��ce flr demand on Borrower.
<br /> Borrovver's Right to �.e�ns�ate. �f Borrow�r mee�s cer�ain cand��ians, B�rr�wer sha1� ha�e the righ� to ha�e
<br /> enfarcement�f�h�s Security�nstrument discan�i�ued a� any time prior to the earlier of: �a} 5 days �or such�ther
<br /> period as Applicab�e Lavv may specif�far reins�a�ement�befare sa�e of�he P�aperfiy pursuan�to any pavver of sale
<br /> c�ntained in �his Secur�ty �nstrumen�} or (b} entry of a judgmen� enforc�ng th�s Se�ur��y �nstrum�n�. Those
<br /> condxtions are �hat Borrower: (a} pays Len�er a11 sums which then wauld be due under th�s Securi�y Instrumen�
<br /> and the��ntrac�as if n�accelera�ivn had occurred;�b�cures any d�fault of any v�her c��enan�s ar agre�ments;�c}
<br /> pays alI exp�nses incurred in�nfflrcing�his Se�urity�nstruinen�, �nclud�ng,bu�no�Iimi�e��fl,reasonab��attorne�s'
<br /> f�es to�he ex�ent permitted by�aw; and�d}�a��s such ac��on as Lender may reas�nably requ�re to assure tha�the
<br /> �ien of�his Security Instrume�.t, Lender's righ�s in�he Propert�and Borr��rer's obligat�on�o pay�he su�s s�cured
<br /> by�his Security �ris�rurnent sha�l �ontinu� u�changed. CJp�n reinstatemen�by Borravver, this Se�ur�ty Instrument
<br /> and�he ab�igat��ns secur�d hereby shall re�ain fully effecti�e as if n� a�celera�ion had occurred. However, �his
<br /> right��re�ns�ate shall no�app�y�n�he case of ac��lerat�on under the sec�ion titled Transfer of the Praperty or a
<br /> Bene�cia�Interest in Borrower.
<br /> Hazardaus Substances.Borr�wer sha��no��ause or�ermit the presence,use,d�sposal, st�rage, ar rel�ase�f any
<br /> �-3azardous Substances an ar in the Pr�pe�-�y.Bo�-rovver sha�1 n�t do,nar a1�ow anyone else to dv,any�hing affect�ng
<br /> �he Property �hat is �n �r�ola�ion of any Env�ronmental Law. The preced�ng two sentences sha�� nflt app�y to the
<br /> presence,use,or storage�n the Pr�pert�af s�nal�quantit�es�f Hazardous Subs�anc�s tha�are general��recogn��ed
<br /> to be appropriate to normal residential uses and�a maintenan��of�he Property.
<br /> Borrov�er shalX promp��y give�Lender writt�n n��ice�f any�nves�igatifln,clairn,demand,�awsu�t or o�h�r actx�n by
<br /> any gavernmenta� �r regula��ry agen�y or priva�e parry in�alving �he Proper�y and any Hazardous S�bs�ance or
<br /> Enviranmen�al Law �f v�hich Bo�r�v�rer has actual �cnow��dge. If Borra�er �earns, or is notzfied by any
<br /> gavernmental�r regula�ory auth�rity,�hat any remo�al�r�ther remedia�ion of any Hazardous Substan�e affecting
<br /> �he Praper�y �s necessary, Barr�wer sha�� prom��ly �ake all necessary remedia� ac��ons �n accordan�e v�ith
<br /> En�ironmeri�al Larn�.
<br /> As use� in this�aragraph, "H[a�ardous Substances" are those subs�ances defined as toxic ar hazardous substances
<br /> by Environmenta� La�v and �he f.ol�owing subs�an�es: gasa�ine, kerosene, other flamn�able or tox�c petraleum
<br /> produc�s, ta�ic pesticides and her�i�ides, �o�ati�e solvents, ma��rials cQntaining asbe��os �r formaldehyde, and
<br /> radioac�ive materials. As used�n this paragraph, "Er��ironmental Lavv" means federal �aws and�aws of the s�ate of
<br /> Ne�raska that re�ate i�o heal�h,safety or environmen�al pr��ection.
<br /> Acceieration; Remed�es. lL�nder sha�Z gi�e natice ta Bvrrowe� prior �a acce�eration foi�ow�ng �Borr�wer�s
<br /> breach of any covenant v�-agreement in this�e��rit�Instrum�nt or the Contract under v�vhich ac�eleration
<br /> �s permitted �but not pri�r t� acceierati�n under�he sec�i�n ��tled Transfer of th�Property ar� Benefic�al
<br /> Interest �n Barra�er, un�ess App�icab�e Law pra��de� other�wise�. Th� n�ticQ sha�� specify: �a� the default;
<br /> [b} th� actiun required to cu re th� defau�t; ��� a da��, not less than �h� min�mum numb�r �f days
<br /> establ�shed by App�icahle Law from the date th�not�ce�s gi�en tv Borr�wer, by which the defa�ult mu5t be
<br /> cur�d; and (d� that fai�ure to cure �h� defau�� an or hefore �he date speci�ed in the notice m�y result �n
<br /> acce�eration vf the sums secured by th�s Sec�rity I�strument and sale of the Praperty. 'I'a the extent
<br /> permitt�d by lav�, �he noti�Q shall further infurm Borravver vf the right to re�ns�a�e after a�cel�ration and
<br /> the r�ght�o bring a c�ur�ac�io�t�ass�rt the non-existence of a defau�t ar any�th�r defensQ�f�arr�wer�o
<br /> a�celeratian and sale. If the defauit is no�cured ❑n ar before the date specified �n the notice, L�nder at its
<br /> opt�an may requ�re immediate paym�n� �n fu�l of a�� sums se�ured by this Secur��y In�trument �ithout
<br /> fur�her demand and may inWoke th� power �f sa�e and any oth�r remedie� perm�tted by App��cable Law.
<br /> Tv the Qxtent permi��ed by law, Lender sha�l he entitled to col�ect all expenses incurred in pur�uing the
<br /> remedies pr�vid�d in �his Section, inciuding, but not l�mited to, r�asonable at�orne�s' fee5 and cvsts❑f ti��e
<br /> e�iden�e.
<br /> If the povWer❑f sa�e is in�okQd,Trus�Qe shaiy re�ard a notice of default�n each county �n which any part flf
<br /> the Prap�rty is lucated and shall mail c�p�es�f s�ch n�tice in the mann�r prescribed �y Appl�cab�e Law to
<br /> Borrower and t❑ �he oth�r persans prescri�ed hy App�i��.b�� lLav►r. After the tim� required by App�icab�e
<br /> Law, Trustee sha�i gi�e puhli� notice �f sa�e to �he persons and in th� manner prescr�bed by Appl�cab�e
<br /> Law. Truste�,w��hou�demand on B�rrovver,sha�X sell the Pr�perty at publi�auction to�he highest bidder
<br /> at the time and place and under�he term�designa�ed in the nntice of sa�e���ne ar more parcels and in any
<br /> �rder Trustee det�rm�nes. Trustee ma� p�st��ne sa�e of alI or any par�e� af the Pr�perty by public
<br /> announcement at the time and pla�e vf any pre�viously scheduZed sale.Lender ar i�s de�ignee m�y purchase
<br /> the Property at any�ale.
<br /> Upon re�eipt af payment of th� p�-�ce bid, Truste� shal� de����r ta �he purchaser Trust�e's deed conveying
<br /> the Property. The re�ita�s in the Trustee's deed sha�� be �rima facie e�idence of th�tru�h of the stat�ment�
<br /> mad� therein. Trustee 5hai1 a�ap�y the �raceeds of thQ sa�e in the fal�ov�ing order: �a} �a a�� CD5t5 and
<br /> expense� of ex�rci�ing the �o�v�r of sal�, and t�� saie, �mc�ud�ng #he payment of�he Trustee's fee5 actua���
<br /> c�2��4-2013 Complia.nce Systerns,Inc.9F96-DS82-2�13L2.�.721
<br /> Co�svEner Real EsEate-Security Instr�men#�3L2�35 Page 4�f 5 ww�w.complia�cesystems.cazn
<br />
|