|
. 2� 1 �� 1 ��9
<br /> Transfer of the Property vr a Be�e�c�a�Intere5t in Borrovver.�f aIl�r any par�of the Proper�y or any interes�
<br /> in i� is s�ld ar transferr�d �nr if a benefc�al interes� in B�orrt��veg �s sald Qr �ransferred and Barrower is na� a
<br /> natural persan� vvith�ut Lender's prior writ�en ��nsen�, Le��der may, a� �ts optr�n, require �mmediate p�ymen� �n
<br /> fu�l of a�l sums secur�d by this Securi�y Ins�rument. H�vt�ever, �his op�ion shall no� be exerc�sed b}r Lender if
<br /> exercise�s pr�hibited by federa�lativ as af the da�e of th�s SE�cur�:ty Ins�rument.
<br /> �f Lender �xerCises th�s op�ion, Lend�r sha11 give B orra�rer ���ti�e of accelera�ion. The no��ce shall provid� a
<br /> p�riod of nat �ess than the mi.nimum number of days es�a��lish.ed b�Applicab�e Lavv from the da�e �he na��ce is
<br /> del�vered or mail�d u�ith�n which Borrovver must pay �.Il ��um�� secured by this SeGurity Instrument. If Borrativer
<br /> faxls to pay�hese sums pr�vr �o the expira�iori af��is peric}d, Iaer�der may invoke any remedies permit�ed by this
<br /> 5 ecurity Ins�ru.men��withnut fur�her no�ic�or deman�i on B orrflv;rer,
<br /> Borrawer'� Right �fl Re�nsta�e. If Barro�er mee�s cer��zn c�onditians, Borrovver sha1l have �he righ�t to have
<br /> enforcement�f�h�s Security�n�trument discontinued at an.y t�r.ne priar t� the ear��er of: �a} S days �or such o�her
<br /> period as Applicab�e Law may�pecify for reins�a�emen��b��f�r�;sale of the Proper�r pursuan�to any pawer nf�ale
<br /> conta�ned in �his Security �ns�.rurnen�; or ��} en�ry af a jud�men� enfarcing �h�s Security �ns�rurnen�. Those
<br /> cond�t�ons are tha�BCrrawer: �a� pays Lender al� sums �r�uch �hen�would b� due under�his Security�nstrument
<br /> and�the��n�rac�as if�o accele��a�ion had occurred; �b�cur�.s ar��y d�faul�of any other c�venants ar agreements;�c}
<br /> pays a1I expenses incurred zn enforc�ng�his Secu.rity Instrun�en�,includ�ng,�u�n�t limi�ed ta,reasonable�.t��rneys'
<br /> fees �a �he extent pern�u�ted by lavv; a.nd �d} �al�es such ac�i��n as L�nder�zay reasonably require�o assure that the
<br /> ��en vf this Securi�ty�ns�rument, Le�der's rights in the Prap��rty and B�rrower's ab�iga�ion to pay the sums secured
<br /> by �his 5 ecur��y �nstrument shal� contin�e t�nchanged. Up a n re�ins�a�emen�by B vrrower, th.�s S ecur��y �ns�rr.imen�
<br /> and �he obligatiQns se�ured hereby sha�l remain fully effective as if no acceleration had occurred. However, tihzs
<br /> right�o reinstate shall n��apply in�he case of acceleration�and��r�he section t�tled Transfer of the Prop�erty�r a
<br /> Benefic�a�Interest in Bvrrvw�r.
<br /> Hazardou5 Substanc+�s.Borra�wer shall no�cause or permi.�th��pr�sence,use, d�sposa�, s�orage, ar r�iease af any
<br /> Hazardous Substances on or in�he Property.B�rrovver shall.nat d�,nor allovv any�ne e�se to do,anything affec�i..r�g
<br /> �he Pr�per�y that �s in �iolat�on of any Environm�n�a� Lativ. The preceding two sen�ences shall no� apply �o the
<br /> presence,us�,or stara�e ar�the Property of small quan�ities of��azardaus Substaz��es that are general�y r�cognized
<br /> ta be appropriate ta narmal resi�dential uses and to maintenanc�af the Property.
<br /> Borrower shall prflmp��y give Lender writ�en notice af any i.nve�tiga�ion,claim, dernand,la�vvsu�t�r other action by
<br /> any go�ernmen�a� or regulatory agenc� �r private party in�v�ly�ing the Pr�perty and any Hazardaus Substance or
<br /> Enviror�mental Law af which BorroW�r has actua� kncktiv�e�dge. �f Borrower learns, or is notif ecL by any
<br /> governmental�r regu�a�ory authQrity,�h��any remova�or fl�her remed�a�i�n of any Hazardous Subs�ance affecting
<br /> the Property is necessary, B�rrovver shal� prampt�y �ak�� al�. necessary remedial actrons in accordance wi.th
<br /> Enviranmental Law.
<br /> As used in�his paragr�.ph, "Ha�ard�us Substances" are�ho�e s�.��bs�anc�s def ned as toxic or hazardous s�bstances
<br /> by Env�ron.menta� L,a�v and �h.� fo�l��vving substances: ga:�olir.�e, ��rasene, other flammable ar �oxic pe�ra�eum
<br /> praduc�s, t�xic pes�ic�des and herbicides, volat�le so�ven�:�, materials car�tain�ng asbes�os ar fflrma�dehyd�, and
<br /> rad�oac�ive materia�s. As used i:n�his paragraph, "Envir�rirr�er�t��l Lavv" means federal�aWs and lav�rs of the s�ate of
<br /> Nebraska�ha�relate�.o health,s�.fe�y vr er�vironmen�al prote�cti��.
<br /> Acce�erat�on; Remed�es. Lender shai� g�ve n���ce tfl Ba�rro��ver pr��r to accelera�i�n ffll�ovving Borrower's
<br /> breach of any covenant or ag�eerrient�n this Security Instr�:�ment�r the Contrac�under vvh�ich acc�e�erat�ion
<br /> is permitted �but no�pri�r to a�celeration und�r the S�+Yti�» ti��ed Transfer flf the Pr�perty or a�en�fcial
<br /> Interes�in Borrower, unless Applicable Law pravides ��therwise]. The noti�� shall specify: �a} th� defaul�;
<br /> tb} the act�on requ�red to �ure the defau�t; �c� a d;�.�e, no� less �han the minirnum number of days
<br /> esta�lish�d by Applicable La��v fr�m the date the notice is given to Borrower,by wh�ch the defau�t must be
<br /> cured; and �d} that fa�lure t� cure th� default �n or b+�f�r� �he date 5p�c��ed in the n�tice may result fn
<br /> acce�era�ion �f �he sum5 secure� by this Security Ini�tru:�nent and sale of the Property. To t�e extent
<br /> perm�it�ed by law, th� not�ee �hall fur�her�nform Ba�-ra�v�e�° of�he right�o r��ns�at� after acceler����n and
<br /> the right to bring a��urt ac�i+�n�a ass�r�the non-existe�ice{of a default or any vther defen5e of�3urrower to
<br /> acc�Iera�ion and sa�e.If the d.efault is not cured an vr x�ef��e the da�e specified in �he notice,Lender at its
<br /> optian may require immedia�e paym�n� in ful� af a�� ;�ums s�cured by this Se�ur�ty Instrument wi�haut
<br /> further demand and may invoke the power of s�le and an�,� o�her remedies permi.t��d by Applicable Law.
<br /> To the extent p�rmui�ted by l�w, Lender shall �e enti�Ied #:o ��lle�t a�� expenses incurred in pur�uing the
<br /> remedies provided xn this Sec�tion,including,but not lim�te��to� reasonab�e attorney�' fees and cos��s of�itle
<br /> evidence.
<br /> If the pQwer of saie i�invoked, Truste� shall record a n{nti��� of default in ea�h c�unty in which an�part of
<br /> the Property is Z�cated and s�all ma�� copi�s of such not:ic�:�n the manner pres�r�bet�by Appl�cabl�Law tv
<br /> Borrower and tv the other p�rsons pre�cribed by Appl.ica���e I.ravv. After th� time required by ApplYcable
<br /> Law, Trustee �hall give publi�c notxce of sale to the pea-sfln s and in th� manner pres�r�bed by App��cable
<br /> Law. Trus�ee,with�ut demand vn Borrower, sha�l se��the l'rop�rty at pu�Iic aucti��n to the hfghe�t�fdd�r
<br /> at the time and place and under�he�erms designa�ed in�he n����e of sale in�ne ar r�vre parce�s arnd in any
<br /> �rder Trustee determines, Trus�ee may pfl5tpone sa��Y of all vr any parce� of the Property by public
<br /> announcement a�the t�me and p��ce of any prev�ous�y sche�iuied saie.Lender or its designee may purchas�
<br /> �he Prvperty at any sal�.
<br /> Upon receipt of payr�€ent of t�e pri�� bid, Trustee 5ha�l de�iver to the purchaser Trustee's deed �on�eying
<br /> the Property. The recitals in �he Trus�ee's dQed�hall be pr�.�na facie evid�nce of the truth of the s��temen�s
<br /> Q Z044-2�15 Campliance 5ystems,Inc.SC54-2FIC-24I5.I I.3.1�98
<br /> Cansumer Real Estate-Security Instrument DL203b Page 4 af S www.coznpliancesystems.com
<br />
|