201406486 - Laserfiche WebLink

Browse

201406486 sentences shall not apply to the presence, use, or storage on the Property of sinall quantities of Hazardous Substances that are generally recognized to be appropriate to norinal residential uses and to inaintenance of the Property(including, but not liinited to, hazardous substances in consuiner products), Borrower shall promptly give Lender written notice of(a) any investigation, claim, dem�ild, lawsuit or other action by any governillental or regulatary agency or private party involving the Property and any Hazardous Substance or Envirorunental Law of which Borrower lias actual knowledge, (b) any Enviromnental Condition, including but not lilnited to, any spilling, lealcing, 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 learils, or is notified by any goveriunental or regulatoi�y authority, or any private party, that any removal or other reinediation of any Hazardous Substance affecting the Property is necessary, Borrower shall �romptly take all necessary remedial actions in accordance with Enviromneutal Law. Nothing herein sllall create any obligation on Lender for an Envirorunental Cleanup, Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: 22. Acceleration; Remedies. Lender sli�tll give notice to Borrawer prior to acceleration followi�i� Borrower's brelch of�n� covenant or agreement iii this Sect�rity Instrument (but not prior to accelerntion under Section 18 nnless Applicable Lnw provides otherwise). The Yiotice sliall specify: (a) the defnult; (b) the�ction reqiui�ed to cure the def�tilt;(c) 2 date, not less than 30 days from the dRte tiie notice is given to Borrower, by which tlie defnult must be cured; �tnd{d) thlt fnilure to cure the defaWt ou oi�before the dlte specified in the notice may rest�lt in acceleration of the sums secured by this Seciu�ity Instrument nnd sRle of the Property. The notice shall furtlxer inform Borirower of the right to reiustate�►fter accelerltiou �nd the right to bring � court action to assert the non-e�steitce of� defntilt or niiy other defense of Borrower to acceleration anci snle. If the deflult is not ciu�e�l on or befoi•e the date specifiecl in the notice, Lender 1t its option may reqYiire i�nmedi�te payment in fitil of nll suins sectued by this Secnrity Instrument without filrther demand Rnd mny involze the power of snle 1ud�ny other remedies permitted by Applic�ble Law. Lender shall be entitled to collect 111 expenses incurred in ptu�suing the remedies provided in this Sectiou 22, including, but not limited to, reasouable �ttorneys' fees nnd cosis of title evidence. If tlie power of sale is invol�ed, Trustee shall record a notice of def�itlt iu e�ch county in wluch�iiy part of the Property is locRted and shall mail co��ies of sucli notice in the mnnner pi^escribecl by Applicable L�w to Borrower nnd to tlie otlier peisons prescriued by Applicable L1w. After the time required by Applicnble Law, Trnstee sli�ll give pnblic notice of sale to the persons aiid in the mlmier px•escribed by Applicable Lnw. Trustee, without demand on Borrower, shall sell the Property at public nuctimi to the highest biclder at lhe tiu�e and plaee lnci imcler the terms designnteci in the notiee of s�le in one or more p�rcels and in �ny order Trustee determiires. Trirstee m1y postpone snle of 111 or any pnrcel of the rroperty 1�y public Rnnouncernent�t the time and pl�ce of nny previously schedtiled s�le. Lender or its designee in�y purchnse the Property 1t�ny s11e. Upon receipt of pnyment of the price bid, Trustee sl�all deliver to tl�e purclrlser Ti�ustee's deed conveyiug tlie Properly. The i�ecit�ls in the Trustee's deed shall be prim�fneie evidence of the trutlr of the st�temerits m�de therein. Trustee sh�ll apply the proceeds of the snle in the followiu�order: (1) to �11 costs and expeuses of exercising the power of s�le, �nd the snle, inclYidiug the pn�uient of tlie Trustee's fees ncttrally incuri�ed nnd reason�ble attorneys' fees �s permittecl by Applicnble L1w; (b)to �11 sirYns securecl by this Sectu�ity Instrument; nnd (c) nny excess to the person or pei�sons leg�lly eutitled to it. 24007178 NEBRASKA-Sinc�le FamilyFannle Mae/Freddie Mac UNIFORM INSTRUM ENT Form 3028 1/01 V MP OO VM P6jNE)(1302) W�olters Kluw er financial Services fage 1A of 17