|
2� 1 �� 1235
<br /> Transfer of the Pr�perty or a Benefi�ial Inter�st in B�rrov�er.�f a��or any part of the Prvper��r any int�rest
<br /> �n �� is sa�d ar �ransferred �or if a b�n�f cial in��res� in }�orr�vver is sa�d �r transferred and B�rrav�rer is not a
<br /> natural person� withaut Lender's prior�vt-it�en c�ns�nt, �ender may, at �ts op�ion, require imm�d�a�� paym.e�� xn
<br /> full �f aIl su.ms secured �y �his Securi�y Ynstruxrient. Hav�ever, �his op��on shall not be e�ercis�d by Lender if
<br /> exercise is prahibited by federal lavv as of the da�e�f this 5ecurity�nstrument.
<br /> If Lender exercises this flpt��n, Lender shall gxve B arra�er notice of accelera���n. The notice sha1� pr�vide a
<br /> per�od of nfl� less �har� �he minimt�m nuxnber of days establish�d by Applicab�e Law from �he da��e �he na�i�e is
<br /> delivered or ma�led vv�thzn vvhich �arrovver mu�t pay al� �um� secured b� this Se�uri� In��rument. �f Borrower
<br /> fa�Is �a pay�hese sums pr�ar to the e�p�ration of this peri�d, �ender may invoke any remed�es p�rmitted by �hi�
<br /> Security Instrumen�w�thou�fur�h�r no�ice or deman�on Bvrro�ver.
<br /> Borrower's R�ight t� Reinstate. If B�rrawer meets cer�a�n conditians, B�rrflv�rer shall have �he righ� to have
<br /> enf�rcem�nt�f this Security�nstrun�.e�.� discon�inued at an�r�ime prior to �he earXier of �a} 5 day� �or such other
<br /> per�od as Appl�cable Lav�may specify f�r reinstatement}before sale af the Property pursuant to any povver of sale
<br /> con�ained zn fihi� 5ecurity I�.strurn�nt; ar (b} �n�ry of a judgment �nfvrc�n� �his 5ecuril.y �ns�rument. Those
<br /> cand��ions are that Borr�wer: �a} pays L�nder all sums which �hen Wau�d b� due under �his Secur�ty Ins�rumen�
<br /> and the�ontrac�as if no a�celeration had occurred;�b}cure�any defau�t�f a�y other cov�na�ts�r agreement�; �c}
<br /> pays aIl expenses incurred in enforcing this�ecu�-ity Ins�rumen�, including,bu�not Iimi�ed�o,reasanable at�orneys'
<br /> fees to the exten�pernutted by Iav�; a�d �d}takes such action as L�nder may reasonably re��ire to assure that the
<br /> �ien of this Securzty Instrume�.f, Lend�r's r�gh�s in�he Property and Borrovver's ob�iga�ion to pay�he sums secured
<br /> by th�s Security�ns�trument sha1l con�inue u.nchanged. Upan r�instatement by Borrower, this Security Instrumen�
<br /> and the ob�igations secured hereby sha1l remain fu�1y effective as if no acce�era�ion had acGurred. Ho�vever, th�s
<br /> righ�to reinstate shall nnt app�y�.n the case of ac�celerat�on und�r the sec�ion ti�led Transfer�f�he Pra�erty�r a
<br /> �3enefi�ia�Interest in Bvrrvwer.
<br /> Ha�ardous Substar��es.Bti��v�rer sha�I not cause or perm�t�h�presence,use,disp��al, starage, ar release of any
<br /> Ha�ardflus Substances on or in the Proper�y.Borravver shall no�d�,n�r a��a�w anyone else to do,anyth�ng affec�ing
<br /> the Property that is �n viola�i�n �f any Environ�nental Lavv. The pr�cedin� two ser�tences �ha�� not app1� to th�
<br /> presence,use,or s�orag��n�he Pr�per�ty of sma��quan�i��es of�azardous Substances tha�are general�y recagni�ed
<br /> to�e apprflpr�ate�o normal residen�ial uses and t�main�enance of the Property.
<br /> Borrower sha�l promp�ly g�ve Lender v�rrit�en no�t�ce of any inv�st�gatian,c�air.�., demand, lav��uit flr other ac��on by
<br /> any governmental ar regula�ory agency ❑r pr�vate par�y involving the Property and any Ha�ardous 5ubst�nce �r
<br /> Enviran.men�al LaW af vvhiCh B�rr�vver has �ctual �now��dge. �f Borrawer learns, or is no�if ed �y any
<br /> governmen�al or regulatary autharity, �hat an�rem��a�or�ther remedia�ion�f any Hazardo�s Subs�ance affecting
<br /> �he Property is r�ecessary, Borro�ver shall promp�Iy �ake all necessary r�media� actions in a��ordance with
<br /> Environmer��al Law.
<br /> As used in�h�s paragraph, "�Ia�ardou� Subs�anc�s" are �hose substances defi�aed as t�x�c or hazard�us substances
<br /> by Environmen�al La�w and the fo�lowing subs�ances: gaso��ne, ker�sene, a�her f�ammab�� or tax�c pe�roleum
<br /> products, tox�c pesticides and herbic�des, �olatil� solven�s, materials con�aining asbest�s �r forma�dehyde, and
<br /> rad�oact��e materials.As used in this�aragraph, "Environmenta�Lavv" means federa�laws ar�d�av�s�f�he sta�e of
<br /> Nebraska that rela��to health,safety or environmen�a�pro�ecti�n. ' � '
<br /> Ac�elerat�on; Remedies. Lender shal� ��ve n�tice �� B�rrower pr�ar tv accelerati�n fol�owing Borrow�r's
<br /> breach of any covenant or�greement in thi5�ecurity Instru�nent or the�ontract under whY�h accelera�ion
<br /> is p�rrn�tted �but not prior to accelerat�vn under the �ect�o� �it�ed Transfer vf the Property�r a Benef��ial
<br /> Inter�st in Borr�,wer, unles� App�icab�e Law provides a�herYvise]. The noti�e shall s�e�xfy: ��} the def�ult;
<br /> �b� the acti�n req�ired to cure t�e default; �c� a date, na� less �han the mfn�muxn number flf day5
<br /> e�tablished by Applicab�e La�v fa�om the date�he n�ti�e is given to Barro�ver,by whi�h the d�fauit must be
<br /> cured; and �d} that fa�Iure to cure ��e defauit on or before �he date sp�cif�ed in �he notice ma� resul� in
<br /> acce�eratiQn of �he sums secured by this Security Instru.�ment and sa�e of th� �roperty. Ta the ex�ent
<br /> permit�ed by Iav�, �he na�ic� shai�f�rther inform Borrowe�- of the right t� reinstat� af�er ac�e�erat��n and
<br /> �h�rxght tfl bring a court ac�ian tn assert the non-existence of a defaul�o�any other def�nse of Borr�w�r�o
<br /> accelerat�on and sale. If the defaul�is n�� cured an or�aefore the date �peci�ed in �he not�ce,Lender at its
<br /> op�ion may require immediate �ay�ner�t in f�Il �f al� �urr�s secured by �his Security Instrument v�ithout
<br /> furfher demand and may invoke the power of sa�e and any �ther remedies permitted by Applica�al� Law.
<br /> Ta the ex�en� pernr�itted by �aw, L�nd�r sha�� be ent�t��� t� ��l�ec� a�� expenses Yr�cur�ed �xa pursu�ng the
<br /> r�medies prQvided�n this S�ctian,ir�e�ud�ng,but not�imited to, reasonab�e attarneys' f�es and c�st5 flf t�t�e
<br /> ev�dence,
<br /> If the power of sa�e is inv�k�d, Trustee shall re�ord a nvtice of defau�t�n �ach county Yn vvhich any part af
<br /> the Property�s located and shall mail cvp�es of suc� notic�in �he manner pre�cribed by App�i�able Law�o
<br /> Borr�wer and tio the �ther persans prescribe�. by Applicable L�vv, Afte�- the �ime reqx�xred by Appiicab�e
<br /> LaYv, Trustee shall g�.ve publi� n�t�c� �f sa�e to �h� persvr�s and �n �h� manner pres�ribed hy App�.�cable
<br /> Law.Trustee,w�thout demand on ]Borrower,�hali�ell the Property at public auctxon t�the h�ghe���idder
<br /> at the t�me and�Ia�e and ux�der the�erms de5ignafed in the n��iCe of sale in one or m�r�parce�s and fn any
<br /> order Trustee determine5. Trustee r�ay postponQ sale of all �r any parc�� af the ]Praperty by public
<br /> annvuncement a�the�im� and place flf any previou��.y scheduled 5ale.Lender or its desngne�may purc�.�se
<br /> �he Property at any sal�.
<br /> Upon re�eipt vf payment of the�rice bid, Trus�ee shali deii�er to the purchaser TruSt�e's deed con�ey�ng
<br /> the Pr�per�y. Th�reci�als i�a tlhe Tr�ste�'� deed �hall be prima facie ev�d�nce of the truth of�he statem�n�s
<br /> �2fl44-2�I5 C�rnpliance System�,Inc.8CS4-55E9-2a15.I1.3.1498
<br /> Cansumer Real Estate-Security Instrument DLZfl36 Page 4 af 3 www.campliancesystems.cvm
<br />
|