|
��14���91
<br /> full of all sums secured by �his Securi�y rn.strument. �owever, �his opt�on shall not be �xerc�sed �� Lender �f
<br /> �xercise�s prah�bi�ed by federal lavv as vf the da�e of this Security Instrument.
<br /> �f Lender exercis�s this �ption, Lender s�all give Borrower natice of acceleration. The notice shall pro�ide a
<br /> perxad of not Iess than �he minimum numb�r of days es�ab��shed by Applicable Law frnm �he da�e �he no�ice is
<br /> deli�ered or mailed wi�h�n whi�h Borrower must pay a�� sums se�ured by this Security �nstrument. �f Borrower
<br /> fails to pay these sums pr��r to �he �xpira�ion of�his per�od, Lender may in�ok� any remedies perm��ted by�h�s
<br /> Secur�ty�nstrument vvithou�further no��ce or demand on Sorrower.
<br /> Borrower's I�ight t� Re�n�tate. If B�rrov�er me�ts cer�ain c�nditions, Borrower shall have the right �a ha�e
<br /> enfor�em�nt af this Security �nstrU.men� d�scon�inued a� any time prior to the earlier of: �a� 5 da}�s ��r such o�her
<br /> per�od as Appl�cable Law may specify for reinstatement�before sa�e af the Proper�y pursuant�o any po�ver of sale
<br /> contained in �his Securi�y Instrumen�; or ��� �ntry of a judgment enforcing this Securi�y �nstrurr�ent. Those
<br /> conditions are �hat Sorrawer: �a� pays Lender aIl sums wh�ch �h�n wou�d be due under�his 5ecuri�y Instrument
<br /> and the Con�r�.ct as if no acceleration had�crurred;�b}�ures any defau��of any o�her c�venants flr agreements;(�}
<br /> pays alI expenses incurred�n enforc�ng�his Se�ur��y Instrumen�, �nclud�.ng,�ut not limi�ed to,reasonab�e at�orneys'
<br /> fees to �he ex�ent permitt�d by�avv; and�d�t ak�s such action as Lender may reasonah�y require�a asst�.r��ha�the
<br /> Iien of�h�s Se�urity�ns�rument, Lender's righ�s in�he Property and Borr�wer's ob��gati�n�o pay�he sums secur�d
<br /> by this Securzty Znstrument sha�� continue u��changed. Up�n reinsta�ement by Borrower, �h�s Security �ns�rumen�
<br /> and�he obl�ga.t�ons secured hereby shall rema�n fu��y effe�tive as if no acc���ra�z�n had occurred. Hawever, th�s
<br /> right�a reins�a�e sha��not apply in�he case of acc�leration under the se��ion����ed Tran�fer�f�he Property ar a
<br /> Beneficia�Interest in Borrower. �
<br /> Hazard�us Substances. Borrower sha�l no�cause or perm��the presen�e,use, disposa�, s�orage, or releas��f any
<br /> Ha.zardous Substances on or�n�he Prop�r�y.:Borrflwer shal�not do,nvr a�iow anyone e�se�o do,anythix�g affec�ing
<br /> �he Properry ��at is �n viola�ion of any EnW�ronmen�a� Law. The preceding two sentences shall no� app�y �a �he
<br /> presence,use,ar s�orage on the Property�f s�ma�l quan�i�ies flf Hazardaus Subs�an�es�ha�are genera�ly recogn�zed
<br /> �o be appropriate��narma�reszdential us�s a��d to main�enanc�of�h�Froper�y.
<br /> Borrov�er sha�l pr�mpt�y g��e Lender v�rit�en nQtice of any�n�estiga���n,claim,demand,lavvsui�or ti�her ac�ion by
<br /> any go�ernme��a� or regulatary agen�y ar p.ri�ate party �nvfl�ving�he Proper�y a.nd any Haz�.rdous Substance or
<br /> Environmenta� Lav� of v�h�ch Borrower has actua� knov�ledge. �f Borro�ver �earns, or is notifed b� a.ny
<br /> governmen�al ar regula�ary authority,that any remova�or o�her remedia��an of any�Iazardous Subs�an��affe��ing
<br /> �he Praperfiy �s ne�essary, Barrvwer shall promp�Iy take all ne�essary remedial actions in accordance with
<br /> Environmen�a�Law.
<br /> .A.s used�n th�s paragraph, "Ha2ardous Substances" are thase subs�ances def�ned as�flxic ar hazardous subs�ances
<br /> by Environmen�a� La� and the fo�lo�v�ng subs�an�es: gas���ne, kerosene, other flammable or �oxic petrol�um
<br /> pr�duc�s, �oxxc pes�icides and herbicides, volat��e solven�s, materia�s con�a��.�ng as��stos or formal��hyde, and
<br /> radroacti�e ma�erials. As used�n this paragraph, "Enviranmental Law"means f�deral�aws and�avvs�f�he s�a�e of
<br /> Nebraska�ha��e�ate to heal�h,safety or environmental protection.
<br /> .A�cc�ieration; Remedxes. Lend�r sha�� gi�� notice ta Borrower prior to accelerat�on fo��owing B�rrower's
<br /> br�a�h of any co�enant or agreement�n thxs Se�urity Instrume�t or th��vn�ract under v�vhich a��eleration
<br /> �5 perm�tted ��bu� not pr�nr�o acceierati�n under the sec�ion t�t�ed TranSfer of the Praperty or a �3enefic�al
<br /> Interest �n Borrower, unles5 Applic�ble L�w pro►vid�5 atherwi�e�. The nfltice shall �pecify: ta� �h� defautt;
<br /> �b} the action re�uired tfl cure the defau�t; �c� a da�e, not �e�s than the minrmum r�umber �f days
<br /> e�tabl�shed by App�icab�e Law fram the dat�the not�ce is gx�en tv Borrovver, by wh�ch the defauit must be
<br /> cured; and �d) that fa�lure �o �ure the de.fault on or befare the date specified in the notice may result in
<br /> accelera�ion af the sums se�ured by th�s Securi�y Instrumen� and sa�e of the Property. To t�e extent
<br /> p�rmitted by Iaw, �hQ no�ice shall further�nform Borrower of the right t� re�nstate after a��e�e�ratxon and
<br /> the right to hr°ing a court action tv assert tlhe non-existence vf a default or any vther defense of Bv�-rower ta
<br /> acceleration and sa�e. If the default�s not cured an or befare the date specif�ed �n the n�ti�e, Lender at its
<br /> aption may r�quire immediate payment in full of aIl sums �ecured by this Secur�ty Imstrumen� withou�
<br /> further demand and may invoke �he pow�r of sale and any other remedi�s permitted by App�i��b�e Law.
<br /> To the extent permi�ted by law, Lender shall be enti�Ied to col�ect aIl expenses in�urr�d in pursuing the
<br /> remedies provided in th�s Sect�on, �n�lud�ng, but nQt�irnited to, reasonab��at�orneys' fees and���ts of��t�e
<br /> �vidence.
<br /> If the power�f sa�e i5 inv�ked,Trustee sh�I� rec�rd a noti�e of default in each �oun�y�n wh�ch ar�y par�of
<br /> the Property is ��cated and sha�l ma���opi�s of such notice �n the manner pre5cr�bed by Appl�cable Law ta
<br /> B�rrav�er and to the o�her p�rsons pres�ribed by Applicable Law. After the time requ�red by Applicab�e
<br /> L�w, Trus�ee shall g�ve public nat�ee af s�.le to the persons ar�d �n the manner pr�s�ribed by Appiicab�e
<br /> Law. TruStee,withvut demand on Borraw�r,shal�se�l the Property at public auct�on to the h�gh�5� bidder
<br /> at the time and place and under the�erms designated�n th�not�ce of sa�e in ane ar mar�par�e�s and�n an�
<br /> flrder Trustee determines. Trus�ee may �o��pane sale af all �r any parcel of �he Pr�perty by public
<br /> announcemen�at the�ime and place of any previously scheduled sa�e. Lender or its de5i�ne�may purchase
<br /> �he Proper�y at any sale.
<br /> Upon rece�pt of payment vf�he pr�ce b�d, Trustee �ha�� de�iver to the pur�haser Truste�'s deed ��n��ying
<br /> �he Property. The recitals in �he Tru�tee's deed sha�� be prima facie e�idence�f�he truth of the�tatements
<br /> �nade therein. Trustee sha�l appiy �h� pr�viceeds of the sa�e in the f�llo�v�ng ard�r: �a� to alZ �Q5�5 and
<br /> expenses ❑f ex�rcis�ng #h� power of sale, amd the sale, ir�c�uding the payment of the Trustee's fees a�tually
<br /> 9 2�a4-2�13 Compliance Systems,Inc.9F9d-7�4I-2�i 3L2.�.721
<br /> Consumer Real Estate-Sece�rity Instrument DL2D36 Page 4 of 5 www.campliar�cesystems.carri
<br />
|