201501385 - Laserfiche WebLink

Browse

��15�1355 sen�ences shail no�appiy to the presence, use, or storage on the Property�f sma�l quantit�es of Ha�ardaus Substances that are general�y recogn�zed ta be appropria�e ta normal r�s�den�ia�uses and to maintenan��of the Praper�y �inc�uding, but nflt�imi�ed�o, hazardous substan�e� in cnnsum�er praducts}. Barrow�r sha��pramp��y g��e Lender wri�ten notice of�a} any investiga��on, c�ai�n, demand, �aw�uit or other act�on by any g�vernmen�al or regulatory agency�r pri�ate par�y invQ�ving�he Prop��.y ar�d any Hazardaus Substance ar En�ironmental Law af which Barravwer has actual knawl�dg�, (b} any Environm�ntal ��nditian, including bu�not�imited to, an�sp�l�ing, �eaking, d�scharge, releas��r threat of re��ase of any Hazardous Substance, and �c}any cond��on caused by�he presence, us�nr re��ase af a�3azard�us Subs�ance which ad�ersely affe��s the value of the Prflperty. �f Borrovver learr�s, ar zs n�ti��d b�r any go�ernmen�al or regulatory authorzty, or any pr��a�e party, that any remo�a� or o�her remediation af an� H�zardaus Substance affe��ng the Proper�y is necessary, Bflrr�w�r sha��promp��y�ake a�l necessary remedia� acti�ns �n accordance�ith En�ironmen�ai Law. N�thzng here�n sha�� crea�e any obligat�on�n Lender for an En�ironmental C��anup. Non-Uniform �o►�enants. Borrou�er and L�nd�r covenant and agree as fo�lows: Z�. A��eleration; Remed�es. Lender sha�l give not�ee�o Borrawer prior ta accelerativn fo��a��v�ng Barrower's breach of any co�enant or agree�n.�n��n�his Secur�ty Instrumen� �bu�nvt pr�or t� acce�eration under Se�tivn 1S un�ess App��cab�e Law pro�ides a�herw�se}. The natice shall spec�fy: �a} the defau��; �b} �he act�an requ�red�o cure�he defau��; �c} a date, n.n�Iess t�an 3�day5 from�he da�e the n��ce�s g�ven�o Borrov�er, by whi�h�he defau�� must be eured; and �d� �hat fai�ure to cure the defau��on ar�efore�he date spe�ified�n the no�ice may re�u�t in acceieratian of�he sums secured by �his Se�uri�y Ins�rumen�and 5ale of the Property. The notice shai� further infnrm Borra�ver vf the righ�t€�reinstat�after aCce�era�ion and�he righ��o bring a court act�vn to assert the non�ex�stence�f a defarx��or any n�h�r defen�e of Barrower�o acceieration and sa�e. If the defau��s not cured on ar b�fore�he date specif�ed in the no�ice, Lender at its op�ian may requ�re immedia�e pay�nent in fu��of a��sum�se�ured by thi�Securi��Ins�rument without fu�her demand and may invoke�he pawer af sa�e and any o�her remedies permi��ed by App��cab�e Law. Lender s�a�I he entit��d�o coliect a��ex�enses incurred in pursuing�he remed�es provided�n th�s Sec�x�n 22, including, but nat��m�t�d to, rea�onable attvrneys' fees and cos�s af�i�le e��dence. If the pow�r af sa�e is�n�oked, 'I`ru��ee shall reeord a no��ce of defau��in each coun�y in which any part�f�he Proper�y is laca�ed and shall ma�l capies�f su�h no��ce�n�he manner prescribed by App��cab1Q Law to Borrawer and�a�he other persvns prescribed by Appli�ab�e Law. Af�er�h��me required by Appl�cab�e La�, Trus�ee sha��g��e publ�c nat�ce of sale t�the persons an�l�n�he manner pre5cribed by Applicab�e La�v�v. Trus�ee, wi�hout demand an Borrorver, shal�se��the Proper�y at pub��c auctian�n the h�ghest bidder a�the��me and place and under th��erms de5�gna�ed in the not�ce of saie in one or more parce�s and�n any ord�r Trus�ee determines. Trus�ee nlay pos�pone�a�e of ai�or any parce�af the Property by public announc�ment a��he time and p�ac�af any previausiy scheduied sale. Lender ar�ts designee may pur�has�th�Prop�rt�a�any sa�e. Upan receipt of payment of the pr�ce��i, 'Trustee sha�� de�i�er to�he purchas�r Trustee's deed e�nveying�he Property. The rec�ta�s in th�Trustee's deed sha��be pr�ma faci�evidence of the�ru�h of the sta�emen�s�nade there�n. Trustee shall app�y the pr��eeds of the saie in the fa��a�ving order: �a} to a��costs and expenses of e�ercisin��he power af sa��, and�he sale, inc�uding the paymen�of�he Trustee's fees a�tually �ncurr�d and reasanable attarn��s' fee�as permi��ed by App�icab�e Law; �b} to all sums secur�d by this�ecur��y Ins�rument; and �c} any excess�a the person or person�legal�y en��ed t��t. NEBRASKA-SingEe�a��ly-Fan�ie Mael�reddi�Mac UNIFQRM INSTRUM�NT �orrn 3D2$11d1 VMP� VMPF4NEf{�30�y Wafters Kluwer�inanciai S�r�ices Page 14 af 1]