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201404010
<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 �ive 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 or mailed within which Borrower must pay all sums secured by this Sec�rity Instrument. If Borrower
<br /> fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted 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 riQht to have
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (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 [nstrument; 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 agreements; (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 ta 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 unchanged. Upon reinstatement by Borrower, this Security Instrument
<br /> and the obli�ations secured hereby shall remain fully effective as if no acce(eration 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. Borrower shall not c�use or permit the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or 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,ar storage on the Property of small quantities of Hazardous Substances that are generally recognized
<br /> to be appropriate to normal residential uses and to maintenance of the Property.
<br /> Borrower shail promptly give Lender written notice of any investigation,claun, demand, lawsuit or other action by
<br /> any governmental or regulatory agency ar private party involving the Property and any Hazardous Substance or
<br /> Environmental Law of which Borrower has actual knowled�e. If Borrower learns, or is notified by any
<br /> governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affectin�
<br /> the Property is necessary, Borrower shall 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: �asoline, kerosene, other flammable ot� toxic petroleum
<br /> products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or forrnaldehyde, and
<br /> radioactive materials. As used in this paragraph, "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 acceler�tion following Borrower's
<br /> breach of any covenant or agreement in this Security Instrument or the Contrach under which acceleration
<br /> is permitted (but not prior to acceleration under the section titled Transfer of the Property or a Bene�cial
<br /> Interest in Borrower, unless Applicable Larv provides otherwise). The notice shall specify: (a) the default;
<br /> (b) the action required to cure the default; (c) a date, no�t less than the minimum number 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 specified in the notice may result in
<br /> acceleration of the sums secured by this Security Instrumernt and sale of the Property. To the extent
<br /> permitted by law, the notice shali further inform Borrower of the right to reinsgate after acceleration and
<br /> the right to bring a court action to assert th�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 taw, Lender shall be entitled to c�llect all expenses incurred in p�rsuing the
<br /> remedies provided in this Section, including, but not limited to, reasonable attora�eys' fees and costs of title
<br /> evidence.
<br /> lf 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 tlhe manner prescribed by Applicable Law to
<br /> Borrower and to the other persons prescribed by Applicable lLaw. After the tir►te required by Applicable
<br /> Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable
<br /> Law. Trustee,without demand on Borrower, shall sell the Property at public auction to the highest bidder
<br /> at the time and place and under the terms designated in the notice of sale in one or more parcels and in any
<br /> order Trustee determines. Trastee may postpone sale of all or any parcel of the Property by public
<br /> announcement at the time and place of any previously schedul�d sale. Lender or its designee anay purchase
<br /> the Property at any sale.
<br /> Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br /> the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements
<br /> made therein. Trustee shall apply the proceeds of the sale im the following order: (a) to all costs and
<br /> expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually
<br /> OO 200420li Compliance Systems,Inc.9F9G020F-2013f2.0.721
<br /> Consumer Real Estate-Security Instrume�t DL2036 Pa�e 4 of 5 www.compliancesystems.com
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