|
2� 1 ��8441
<br /> 'Transfer of the Prvperty ar a�ene�cfai In�ex�es�in B�rr�vver,Yf aI� o�-any par�of�he Prop�rty�r any in�erest
<br /> in i� is sold or �ransferred �or if a beneficial i��erest in B�rrovver i� sol�. or �ransferred and Barrower is n�� a
<br /> natural person} without Lender's prior wri�te� cansent, Lender may, at i�� optiQn, require immediate paymen� in
<br /> ful� of all s�ms secu.red by this Se�ur�ty Ins�rum�n�. Howe�er, �his op�i�an sha11 n�t be exercised b� L�nder if
<br /> exercis�is pr�ihibited by federal lavv as of�h�date af�his Securi�y Ins�rum�n�.
<br /> If Lender exercises �his opti�n, Lender sha11 �iv� Borraw�r n�tice af acce��ratian. The no�ice shall pr�vide a
<br /> periad �f r�ot �ess than f.h� m�.nimum number of days e�tabTished by Applicable Law from�he date the no�ice is
<br /> del�vered ar ma�l�d wi�hin which B�rro,wer rnust pay all sums secured by th�s Security �ns�rumen�. �f B�rrower
<br /> fails to pay�h�se sums pr�ar to the expira�ion ❑f this periad, Lend�r may �nvok� any remedies permi��ed by this
<br /> Security Ins�ument wi�h�ut further no�ice ar demar�d�n B�rr�wer.
<br /> Borrower's R�ight t� R�inState. �f Bflrr�wer meets certain cond�t�ons, B�rrotiver sha11 have �h� r�ght �o have
<br /> enfflrcemen�o:f�his 5ecuri�y�ns�rumen� d�sco�.ti�.u�d a� any time p�ior�o �he earlier of: �a� 5 days �or such o�her
<br /> period as App�icab�e Lav�r may spec�fy far rei�staternen��before sal�of t�ie Properfiy pursuant�o any paurer❑f sale
<br /> cantained in �his Security �nstrumen�; or �b� entry of a judgme�.t enforcing �h�s Security �ns�rum�nt. Those
<br /> �ond�tions are that Borrfltiver: �a� pays Lender a11 sums which then w�uld h� due under th�s Secur�ty�ns�ument
<br /> and�he C�nt�act as if n�a�ce�erati�n had occ�ed;�b}cures any defaui�of any other covenants or agreements; �c}
<br /> pays al1 expenses�ncurre�i in enfarcing�his Security Instrumer��,ir�cluding,but not Iimi�ed�o,reasanab��at�orneys'
<br /> fees to the e�t�nt permztted by la�v; and �d}tak�s such action as Lender may r�asonably re�u�re�o asst�re �ha��he
<br /> l�en of this 5ecurity�ns�rument, Lender's r�ghts�n tihe Property and B�rrotiver's obliga�ion to pay�h�sunas secure�.
<br /> by �his Security Instrum.en� sha�� c�nt�nue unch�nged. Upfln reins��temen�t by Borrawer, th�s Security Ins�rumen�
<br /> and th� �bliga��ons secured hereby shall r�mai� fully effective as i�n� ac�celera�ion had occurred. Hotivever, this
<br /> r�ght to reinsta.�e shal�not apply�.the case of a�ce�era�ian und�r th��ectic�n titied�Transfer af the Praperty or a
<br /> Benefi�ial Int�rest in B�rraw�r.
<br /> Hazardou���bstances.Borrawer shal�not cause or pe�mit�he presenc�,use, disposa�, s�orage, ar rel�as� of any
<br /> Hazaxdaus 5ubs�ances on or in�he Praper�.Borrotiver sha�l na�da,x��r all+��v a�yone else t�do,an�thing affect�ng
<br /> �he Prvp�rty �.a� is in via�a�ion af any Envir�nmen�a� Law. Th� p�eceding �v� sen�e�ces sha�l not apply tfl the
<br /> presence,us�,ar starage on�he Property of sma11 quantit�es�f Hazard��s�ubstances�hat are generally r�cvgnized
<br /> to be appropria�e t�n�rma�reszde�.tial uses and�o ma�ntenance af�he Praperty.
<br /> $�rrovver shall prompt�y give Le�der vv�r�tt��n��ice�f any inves��ga�ion,claim, demand,lav�rsui�or other a�t�on by
<br /> any govern�nental �r regula��ry ag�ncy or pr�va�e par�y invo�ving �he Pr�perty and any Hazardous Su�s�ance or
<br /> Environmenta.� Law of which Borrower has actual knawledge. �f Bo�rrou�er learns, or is not�fi�d by any
<br /> g�vernmential ar regulatary authority, tha�any remflval ar oth�r rem�dia�ion flf any Hazard�us Subs�ance affec�ing
<br /> the P�-aperty is n�ces�ary, Bflrrovver shall pr�mpt�� �ak� a�l necessary remedial ac�ions �n accordance vvi�h
<br /> Env�zvn�men�al La�v.
<br /> As used in�h�s paragraph, "Hazardous Substances" are�hose subsfiances def ned as�ox�c or ha2ardous substan�es
<br /> by Environn�enta� La�v and the folla�ving sub5�ances: gasQline, kerfls�n�, other flammable or to�ic petro�eum
<br /> products, �axic pesti�ides an�i herbicides, vola�ile so�ven�, �nate�ials contai.ning asbestos ar f�rmald�hyde, and
<br /> radioactxve ma�erials.As used in thrs paragraph, "E�vironm�nta�La�v" means federal lav�rs and�a�v��f�he s�a�e of
<br /> Nebraska that relate�a heal�h,safety or en��ronm.ental prfltec�ion.
<br /> .A�cce��ratian; Rernedies. Lender shall g�ve no�ice tv Borrfl�ver pr�vr t� ac�eleration f�Ilvwing �or�°ower's
<br /> bre�ch of any covenant�r agreement in thi��ecurity Instrum�nt or t��e Contrac�under which acc���ratinn
<br /> is perm�tted �but no�priar to acce�e�ation �nder th� secti�n ti���d Tr�nsfer�f the Pr�perty�r a��nef�cia�
<br /> Interest in ��rravver, un�e5�Applicab�e La�vv prov�des v�herv�����. Th� not�ce �ha�� specify: �a� t�e default;
<br /> �b} the actiarn required to cure the default; �c� a date, nat l�s� �han the minimum numl�er �f day5
<br /> established by App�icabl�Law from the dat�the natice is g�vex�t��3o�•rower,by which the defau�t naust be
<br /> �ured; an� �d� that faiXure to cure the �ef�.u�t �n or bef�re the datE specif�ed in the notice ma� resu�t in
<br /> acceleration �f the 5ums se�ured by this ��curity Instr�rment and sale of the Property. To the e�tent
<br /> pera�a�itted by lavv, the natice shall furth�r inf�rm B�rrvw�r vf�h� riglht to reinstate after ac�elera��on and
<br /> the right to bring a c�urt actYon tv asser�th�Mtin-�x�stenc�of�defaui�:�r a�y other defense of�3�rr�wer to
<br /> a�celeration amd sa�e.If the dEfau�.��s n�t cur�d �n �r bef��e th� date �pe�ified�n the notice,Lende� at its
<br /> opt�on may requ�re imr�ediate payment in full of all sums s��ured lby this S�curity InStrumernt v�ithout
<br /> further de�n�nd and may fnvoke the po�ver af s�.�e and any other reni�d�es perm��ted by Applica�l� Law.
<br /> Ta the exte�t perm�tted by �aw, Lend�r 5hall be entit�ed to ����e�t a�i expenses in�urred in �u�su�ng the
<br /> remedies prov�d�d in t�i5 Sect�on,inc�uding,but no��imu�ed to,��a�ornable attorneys' fees and�os�s of tit�e
<br /> e�idence.
<br /> If the power of sa�e zs�nv�ked, Trustee �hall rE�nrd a notice of def�u�1:in each coun�y in wh�ch a�.y part of
<br /> the Property i��o�ated and sha��mail cop�e��f such n�tice in �h� man�r�er pres�rib�d by Applic��le Law ta
<br /> B�rrower a�d �o the other pers�ns pre�cr�bed �y App���ab�e La�v. A�fter the �ime required b� �ip�licable
<br /> Law, Truste� shall gi�e pubiic nfltice of sa�e to �he persons and in t�r� manner prescr�bed by �►.�apli�abie
<br /> Law. Trus�e�,vvithout d�mand on Bvrr�wer, sh�.�l�ell the Prfl��rty a�public auc�ion to the high�st bidder
<br /> a�the t�me a�d p�ace and under the terr�s d���gnated�n th�no�i�e of sale in�ne or mvre par��l�and�n any
<br /> vrder Truste� determines, Trustee may ptistpame sal� of all �r an� parcel of the Property �� pu�lic
<br /> amnvuncement a�the tixx�.e and p�ace vf any�revitiusly sch�dulec�sa��.=Lender or its des�gnee may�u�c�ase
<br /> �he Prap�rty at any sale.
<br /> Up�n receipt of payment of th� price bid, Trus�ee �hall del�ve� to th�purchaser Trustee's d�ed ��nveying
<br /> �he Pro��rty. The reca�ta�s rn th�Trustee's €�e�d shall be prima facie ev�dernce of th��ruth of�he stat�ments
<br /> Q Z444-2415 Compliance Systems,Inc.6I 8A-7E7E-2D 15,i 2.3.I.�115
<br /> Consumer Real Estate-Security Instrument DL2036 Pa�e 4 af 5 www.campliar�cesystems.coan
<br />
|