|
��14�51��
<br /> Transfer of the Property or a Beneficial Interest in Borrow�r. �f all flr any part flf�he Property or any�n��res�
<br /> in �� �s sold ar transferred �or �f a benef cial interest in Borrovver �s sold �r transferred and B�rrawer is no� a
<br /> natural person� w��hou� Lender's pr�or written c�nsen�, Lender may, at i�s ap��an, require im.med�ate payment in
<br /> ful� of al� sums se�ured �y th�s Security Instrument. Howe�er, �his option sha�� na� be �xercised �y Lender if
<br /> exercis�is prahibi�ed by federal law as of�he date af�h�s Secux�ty�nstrument.
<br /> If Lender exercises this op�i�n, Lender shal� give Ba�rovUer not�ce of acc�Iera�ian. The not�ce shai� prov�de a
<br /> period of not �ess than the minimum num�er of days es�ahlished by Applicable Law from�he date th� no�ice is
<br /> delivered or ma�led within which Borrower must pay all su.ms s�cured by this Security Instrumen�. �f Borrawer
<br /> fails �o pay these sums prior�o the exp�ration of this peri�d, Lender may invoke any reme�i�s permit�ed by th�s
<br /> Se�urity�nstrumen�wi�hou�fur�her notice or demand on Barrawer.
<br /> Borrower's Right t� Reinstate. If Bflrrovv�er meets cer�a�n cond���ons, Barravver sha�l have the right to have
<br /> enforcem�nt of�his Se�ur�ty Ins#�u.ment discon�inued at any�im� priflr to the earlier of: �a} 5 days �or such o�her
<br /> period as Applica��e Lavv may specify fvr reinstatement�b�fare sale af�he Proper�y pursuant�o any pawer of sale
<br /> con�ained in �h�s Secur�ty Instrumen�; or �b� en�y �f a judgment enfarcing th�s Secur��y Instrument. Th�se
<br /> cvnditians are that Borrow�r: �a� pays Lender a�l sum� which �h�n vwoul� �e due under this Security Instrumen�
<br /> and th�Cantract as if no acceleration had o�curred;��}cures any default of any other�o�renants or agreemen�s;�c�
<br /> pays all expenses�.ncurred�n enf�rcing�his Securi�y�ns�ument,inc�uding,�u�not 1i.mi�ed�o,r�asonable a�orneys'
<br /> fees�o�he ex�en�permitted hy 1aw; and�d�takes such ac��on as Lender may reasonably require�� assure that th�
<br /> �ien of�h�s Security rnstrument, Lender's righ�s in the PrQperty and Borrawer's obliga�ian�o pay the sums se�ured
<br /> by this Security �nstrumen� shal� con�inue unchanged. Upon re�ns�a�ement by Borrawer, th�s Secu.rity �nstrumen�
<br /> and�he obl�ga�ions s�cured hereby shall remain fu�ly eff�c�ive as �f nfl�accel�ra�ion had oc�urred. Howe��r, �his
<br /> right�o re�nstate sha1�no�apply in the case of acce�erat�on under the sec��on t��Ied Transfer of the Property or a
<br /> Beneficial Interest in Borrower.
<br /> Ha�ardou5 Substances. B�rrower shall not cause or permit the presence,use, disposal, s�orage, ar re�ease of any
<br /> Hazardous Substances�n�r in�he Proper�.Borraw�r sha�l not do,nor al�o�v anyone else t�do,any�hing affe�ting
<br /> the Praper�y tha� is �n v�ola�ian of any En�ironmental Law. The preceding tvvo sentences shall not apply to the
<br /> presence,use,or storage on the Prnperty of small quantities�f Ha�ardous Subs�ances�hat are generally recogn�2ed
<br /> to be apprapria�e to normal residentia�uses and to maintenance of�h�Praper�y.
<br /> Borrower shall pramp�ly give Lender written notice of any�nvestiga�ion, claim,demand, Iawsuit or other ac�ion by
<br /> any governmenta� flr regula�ory agen�y or priva�e par�y in�ol�ing the Property and any Hazardous Substance or
<br /> En�ironmenta� Law of which B�rr�v�er has a��ual knowledge, rf Borrawer learns, or is notified by any
<br /> governmenta�or regu�atory authori�y,tha�any remo�al or o�her remedia�i�n of any Hazardous Substar�ce affecting
<br /> �he Property �s ne�essary, Borrower shall promp�Iy take al� ne�essary remed�al ac�ions �n a�cordance w��h
<br /> Environmen�al Law.
<br /> As used in this paragraph, "Hazardous Subs�ances" are those substances d�fin�d as tvxic or hazardous subs�an�es
<br /> by Environmen�a� Law and the following substances: gasal�ne, kerosene, �th�r flammable flr ��xi� petro�eum
<br /> produc�s, �ox�c pes�i�id�s a�d herb�c�des, vola�ile so��rents, materials con�aining ashes�vs or formaldehyd�, and
<br /> radioacti��materials.As used i.n this paragraph, "Environmental Law"means federal Ia�vs and�av�s af the state of
<br /> Nebraska that relate ta heal�h,safety or enviranmen�a�pra�ec�ion.
<br /> Accelerat�ons Remed�es. Lender shail give no��ce to Borrower prior to acce�eration follow�ng Borrower's
<br /> breach of any Ga�enant�r agre�ment in this Security Ins�rumen�or the Contract under which acce�eration
<br /> is permitted �but not priar to acceleration under the sect�on t�tled Transfer of�he Property ar a Beneficia�
<br /> Interest in Borrvwer, un�e5s Appi�cable Law pra�id�s atherv�ise}. The notice shall �pecify: �a} the default;
<br /> �b) the a�tion requ�red to cure the defaul�; ��� a date, not l�ss than �he minimum nu�n.b�r of days
<br /> established by App��cabie Law from �he date the notice is gi�en to Bvrrower, by which the defau�t mu�t be
<br /> cured; and �d� that fa��ure to cur� the default on �r before the da�e specif�Qd rn �he no�ice may resuit in
<br /> ac�e�eratian of the sums secured by this Securi�y Instrument and sale of �he Proper�y. To the extent
<br /> permitted by Iawy the no�i�e shali further inform Borrovver of the rxght t� reinsta�e after acceleratifln and
<br /> the right to bring a court ac�ian t�assert th�n�n-existence of a defau�t ar any�ther defen�e of Borrov�er to
<br /> accelera�i�n and 5ale. If the default is nvt cured on �r b�fore the date specified in the no�i�e,Lender at its
<br /> opti�n may requrre immediate paymen� �n full af alI 5ums secured by this Security Instrument w�thout
<br /> further demand and may in�oke the p�w�r af 5a�e and any o�her remedie5 permitted by Appiicab�e Law.
<br /> To �he extent permitted by law, Lender �ha�l b� �nt�tled to collect aIl expenses rncurred in �ursu�ng the
<br /> remedies provided in this Sect�on, inciuding, but nat Iim�ted to, reasonab�e att�rneys' fees and costs of tit�e
<br /> e�idence.
<br /> If the power of sale �5 in�oked,Trustee shall record a notice of default in each county in which any par� of
<br /> �he Property i5 �ocated and sha�l mail capies of 5uch nv�ice in �he manner prescr�bed by Applicab�e Law�o
<br /> Borrower and to th� other persons prescribed by Applicab�e Lav�. After the t�me required by App�icable
<br /> Law, Trustee 5hai� g�ve pu�Iic not�ce af Sale t� the persons and in the manner prescribed by App��cable
<br /> Law. TruS�ee,without demand on Borrower,shall sell the Prop�rty at pub�ic auction to the h�ghest �idder
<br /> at the time and piace and under the terms dQsignated in the noti�e of sa�e in one or mvre parcels and�n any
<br /> order Trustee determines. Trustee may postpone sale of alI vr any par�el af the Property by pub�ic
<br /> announcement at the time and p�aCe of any pre�iously scheduled sale.Lender�r its designee�may pur�hase
<br /> the Prop�rty at any sale.
<br /> Upon receipt of payment of the price bid, Trustee shai� deliver to �he purchaser Trustee's deed con�ey�ng
<br /> the Property. The re�ita�s in the Trustee's deed sha�I be prima facie eviden�e of the truth of the statements
<br /> �20Q4-2414 Campiiance Systems,Inc.4958-�;C7-2Q�3L2.3.1.8�3
<br /> Cvr�sumer Real Estate-Se�urity Tnstrum�nt DL203b Pa�e 4❑fS www,coanpliar�cesysterns,cvm
<br />
|