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Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any
<br /> governmcntal or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law
<br /> of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that
<br /> any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take
<br /> all necessary remedial actions in accordance with Environmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardouti substances by ,
<br /> Environmental Law and the following substances: gasoline, kerosene, other (lammable or toxic petroleum pro�lucts, toxic
<br /> pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As uscd in
<br /> this parabraph 20, "Environmental Law° means federal laws and laws of the jurisdiction where the Property is located that
<br /> rclate to hexlth, safety or environmental protec.ion.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as i'ollows: :
<br /> 21. Acceleration; Remedies. Lender shall give notice to I3orro�ti�er prior to acceleration following Borrower's breach �'?'
<br /> of any co��enant or agreement i❑ this Security Instrinnent (but not prior to acceleration under paragraph 17 unless C�
<br /> applicxbie la�v provides otherw�ise). The notice shall specifv: (a) tlie default; (b) the action required to cure the default; p
<br /> (c) a date, not Iess than 30 da��s from the date the notice is given to I3orrower, by �i�hich the default must be cured; and �j
<br /> (d) thal f.�ilure to cure thc default on or before ihe date specified in U�ic notice inx�� result in acce[er:�lion of khe sums Q,
<br /> ,ecur��d by this Sectu-ih� Instrument and sale o1' the Propert�'. Tlie i;e�tice shall !'«rtl���r inf'��r�i� B�irr��i<<�r ��f tisc i-i�;l�i t�� �
<br /> ±rinstatc at'tcr areeleration and the right to bring a court action to assert the ❑on-existence of a default or auy other �
<br /> del'ense ol' 13orr�»��er to acccic�•ati�n anc! sale. If' tEie default is not cured on or before thc date specified in the notice, � '
<br /> Lc��dcr, at its optiun. �ua�� rcc�u+rc� i�u�n�cliatc pa��ment in full of all sums sccurcd b�� this 5ccurit� Instrumci�t ���ithuul �
<br /> I'urther den�and und nuai im��yf:c the �o���cr uf s��le and zin}� oth�r reenet0icti peroiilted by trC���licablc la���. Lcnder shall be
<br /> ��nlitled t�� c�illect all c�{�enses inctu�•red ii� �atu'suint; tt�e renr�•cl8r�s O�:�u�dc8d�c1 is� thi5 p:�r�a;!ra��h _1, ii�cEu�lio►};, hut nuk �in�itc�d
<br /> tu, re;.►�Sunuble att�irnc��s' 1'ec5 and a�sts of tiUe cviclence.
<br /> 11' thc powrr of salc is im�okcd, Tr�E�Stec sl��all rccord � n��tiz•E= r�f dcf�iul� an c�tc[� c�nu�t�� in �i�hich :an�� ��art �if tl�c
<br /> Propert�� is I��c��ted ��nd slutll mail copies of' Such niitice in the manner prescribed be rtpplicable la�� to 13orru��a• and lo
<br /> the other persons pre�c►•ibed I>�� applic<<ble la��. After tlie time reyuired h� ��pplicable I��c, Trustee 5hall �;ive public nolice
<br /> of's:ile t�> the pertiuns and iu the �ua�iner prescribed b�� �ip��lical�le laH�. Trustee, �rithout demaud on 13urro�ver, shall sell
<br /> the Propc�9�� ut public �iuction to the hi�;hest bidder at thc time �end place und under the terms designated in the notice of
<br /> �ale in one ��r mt�re parcclti and in any ordcr Trustee determines. Trustce m.d�� postpone sale of all or any� parccl of the
<br /> Propert�� b�� public announce►nent ��t the ti�uc and placs of a�7�� pre��iously� sclicduled sale. Lender or its designee �na�°
<br /> purcha5c thc Yroperty at any� salc.
<br /> __ Upon receipt of pa�ment of the price bid, Trustee shall deliver t�� the pw•chaser Trustee's deed conveying the __
<br /> Property. "The recitals in the Trustee's deed shall be prima facie e��idcnce of the U•uth of tl�e statements made therein.
<br /> Trustec shall appl}� the proceeds of the sale in the follo���ing orde�: (a) to all costs and expenses of exercising the power of
<br /> sale, a�id the sale, including the payment of the Trustee's fces actually incur►•ed, not to exceed THE � OF $50 or � %
<br /> of the principal an�ount of the note at the ti►ne of the declar atimi of defa��lt, and reasonable attorneys' fees as permitted
<br /> b� law; (b) to all swns secured by this Security Instrument; and (c) any excess to the person or persons legally entiNed to
<br /> it.
<br /> 22. Reconveyance. Upon payment of all sums secured by this Security Instrument, �Lender shall rcyucst "Crustec to
<br /> r�c��n��cy the Pr<��erty and shall surrender this Securitv Instrument and �ill notes evidcncim� debt secured bv �hi� Securit��
<br /> Instrumenl t<> "1'rustec. �Crusiee shall rcconvey the Property withuut warranty ancl withuut cl�arge to tlic persun ��r persuu, leg�illy
<br /> entitled to it. Such person or persons shall pay any recordation costs.
<br /> 23. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br /> any Trustee app�,inted hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without
<br /> conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee hercin
<br /> and by applicable law.
<br /> 24. Request for Notices. Borrower requests that copies ot' the notices of default and sale be sent to Borrower's address
<br /> which is the Property Address.
<br /> 25. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this
<br /> Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement
<br /> the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument.
<br /> [Check applicable box(es)] :
<br /> 0 Adjustable Rate Rider 0 Condominium Rider 0 1-4 Family Rider
<br /> ❑ Graduated Payment Rider �0 Planned Unit Development Rider � Biweekly Payment Rider
<br /> 0 Balloon Rider � Rate Improvement Rider 0 Second Home Rider
<br /> � V.A. Rider �Other(s) [specify] :
<br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and
<br /> in any rider(s)executed by Borrower and recorded with it.
<br /> Witnesses: /41 �
<br /> ���y �1 LGf2�� 0�"� �-i'C.i (Seal)
<br /> MICHAEL L OLSON. -Borrower
<br /> � � /1'�� � ��U7"�.- (Seal)
<br /> MARIAN L OLSON -Borrower
<br /> (Seal) (Seal)
<br /> -Borrower -Borrower
<br /> STATE OF NEBRASKA, County ss: DOUGLAS
<br /> The f ��yr�,�instrument was acknowledged before me this 15TH day of DECMEBER , 1999 �
<br /> � i
<br /> bY �'"' "pj, CHAEL L OLSON AND MARIAN L OLSON, HUSB D WIFE • ,
<br /> it��,�C���i1�d d notarial seal at OMAHA, NEBRAS in sa' County, the ate aforesaid.
<br /> i -p--0-�0� _
<br /> My ��n�n��c���qx�i�r�: 5/12/2002 � . _
<br /> /,�����si��OF111NE9�P�P\`` Notary Public �
<br /> MY COMMISSION EXPIRES: � -
<br />, •�_..�n nM0 Paae 4 of 4 Form 3028 9/90 �_��'��,.
<br />
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