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202100763
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Last modified
1/29/2021 11:22:54 AM
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1/29/2021 11:22:53 AM
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DEEDS
Inst Number
202100763
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202100763 <br />Hazardous Materials on or under the Property. Borrower hereby agrees to indemnify and hold <br />harmless Lender, and any successors to Lender's interest, from and against any and all claims, <br />damages, losses, and liabilities arising in connection with the presence, use, disposal, or transport <br />of any Hazardous Materials on, under, from, or about the Property. THE FOREGOING <br />WARRANTIES AND REPRESENTATIONS, AND BORROWER'S OBLIGATIONS <br />PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE <br />OF THIS DEED OF TRUST. <br />7. Borrower shall not sell, transfer, assign, convey, or further encumber all or any part of <br />or any interest in the Property, either voluntarily or involuntarily, without the express prior <br />written consent of Lender, or as otherwise permitted herein; and in the event of any such sale, <br />transfer, assignment, conveyance, or transfer in violation of this provision, Lender shall have the <br />option to declare all sums secured hereby immediately due and payable. <br />8. If Borrower fails to perform the covenants and agreements contained herein, Lender <br />may do and pay for whatever is necessary to protect the value of the Property and Lender's rights <br />in the Property, including the paying of any sum secured by a lien that has priority over this <br />Deed of Trust, appearing in Court, paying reasonable attorney fees, and entering the Property to <br />make repairs. Any amount disbursed by Lender under this paragraph shall become an additional <br />debt of Borrower secured by this Deed of Trust, to bear interest from the date of disbursement, <br />and said amount, together with the then -unpaid principal amount, shall bear interest at the <br />highest lawful rate until refunded by Borrower. <br />9. The proceeds of any condemnation award are hereby assigned and shall be paid to <br />Lender and shall be applied to the sums secured by this Deed of Trust, whether or not then due, <br />with any excess to be paid to Borrower. <br />10. Any extensions or modifications of the loan granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrower or <br />Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be a waiver of or preclude the exercise of any right or remedy. <br />11. Any notice to Borrower provided for in this Deed of Trust shall be given by <br />delivering it or mailing it by First -Class Mail, unless Nebraska Law requires use of another <br />method, at the Borrower's last known address. <br />12. This Deed of Trust shall be governed by Nebraska Law. <br />13. Lender shall give notice to Borrower following Borrower's breach of any covenant <br />or agreement in this Deed of Trust and the Debt that it secures. The notice shall specify (a) the <br />default, (b) the action required to cure the default, (c) a date not less than ten (10) days from the <br />date the notice is given to Borrower by which the default must be cured, and (d) that failure to <br />cure the default on or before the date specified in the notice may result in acceleration of the sum <br />secured by this Deed of Trust and sale of the Property pursuant to the power of sale granted <br />herein. The notice shall further inform Borrower of the right to reinstate after acceleration and <br />the right to bring a court action to assert the nonexistence of a default or any other defense of <br />Borrower to acceleration and sale. <br />3 <br />
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