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99104585
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Last modified
3/13/2012 5:30:45 PM
Creation date
10/20/2005 11:13:51 PM
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DEEDS
Inst Number
99104585
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99= 1o4s8s <br /> Security Insirument and the obligations secured hereby shall remain fi�lly effective as if no acceleration had <br /> ��ccurrcd. Ilowever, this right to reinstate shall not apply in the case of acceleration under paragraph 17. <br /> 1�. Salc of Notc; Chanbc oF I.onn Scrviccr. 7'i�e Note or a pattial interest in the Note (rogctl�er wid� this <br /> Sccuri�y Instnimcnt) may he sold one or more times without prior notice to Borrower. A sale may result in a <br /> chan 6�e; in the: entity (known as lhe "Loan Servicer") that collec[s monthly payments due under the Note and <br />, �his Sccuri�y Instrument, There also may be one or more changes of the Loan Servicer unrelated to a sale of <br /> tl�c Noic. If there is a change of the Loan Servicer, 13orrower will l�c Siven written notice of the change in <br /> accc�rdance wi�h p,iragraph 14 ahove and ap��licable law. 7'he notice will state the name and �ciclress of �he <br /> n�w Loan Scrvice;r and �I,e address to which payments should he made. The notice will also contain any other <br /> inli>rmation required by applieable law. <br /> 211. Ilazard��us Substances. 13orrower shall not cause or permit the presence, use, disposal, storage, or <br /> rcic;isc of any Ilazardous Substanccs on or in the Property. Borrower shall not do, nor allow anyonc else to <br /> el��, airy�hing al'Iccting the Property that is in violation of any Environmentnl Law. The prec�ding two <br /> scn�ciiccs shall n��t a���ly to lhe presence, use, or storage on the Property of small quantities �1' II;u;�rdous <br /> Substances tha� arc generally recognized to be �ppropriate to normal residential uses and to maintenance oP the <br /> Property. <br /> 13orrowcr shall promptly give Lender written notice of any investigation, cl�im, demand, lawsuit or other <br /> action by �iny governmental or regulatory agency or private party involving the Property and any Elazardous �i <br /> Substance or Gnvironmental Law of which I3orrower lias actual knowledge. lF Borrower learns, or is notil'ied <br /> hy any governmental or regulatory authority, that any removal or other remediation of an� I�azardous <br /> Substance af(ecting the Property is necessary, I3orrower shall prompUy [ake all necessary remedtal actions in <br /> accr�rclancc wiih Environmental Law. <br /> As uscd in this paragraph 20, "liazardous Substances" are those substances defined as toxic or h�zardous <br /> subs�anccs by Cnvironmental Law and thc t��llowing substances: gasoline, kerosene, other tlammable or toxic <br /> pe�rolcum products, toxic pesticides and herbicid�s, volatile solvents, materials containing asbestos or <br /> tormaldchydc, and radioactive m�terials. As used in this paragrapli 20, "Environmental Law" means federal <br /> laws and laws of the jurisdiction where the Property is located tha[ relate to health, safety or environmental <br /> pru�cction. <br /> NON-UN(f�ORM COVI:NANTS. 13on-o�ver and Lender further covenant and agrce as follo�vs: <br /> 21. Acccleruhon; Remedics. Lender shnll give notice to Borrower prior to Acceleration following <br /> Itm•rower's breach of �ny covenAnl or �greement in tl�is Security Instrnment (but not prior to <br /> acccicratic►n under par�graph 17 unless applicable law provides othei•wise). 7'he notice shnll specil'y: (i�) <br /> ��ie dcfault; (b) the action required to cure tl�e default; (c) a dnte, not Iess tl�nn 30 days from tlic dute the <br /> nc�tice is given to I3orrower, by which the default must be cured; and (d) thut failure to cure the deFault <br /> on or bef��re the date specified in the no(ice may result in acccleration of the sums secared by this <br /> Securily Instrument and sale of the I'roperty. The notice shall further inform I3orrower of the right to <br /> rcinstute �fter Acceleration nnd the right to bring n court nction to Assert the non-existence of n deFnult <br /> or any other d�fense of I3orro�ver to acceler�tion and sale. If the defanit is not cared on or before the <br /> dutc spccil'icd in tl�e noticc, Lender at its option may require immediAte puyment in full of All sums <br /> secured by this Sccurity Instrument without furthcr demnnd and may involce thc power of snle nnd nny <br /> olhcr remedics permilted by Appliculilc law. I,endcr shall be entiticcl to collcct nll expenses incurred in <br /> pursuing thc remedics provided.in this paragrAph 21, including, but not limited to, reasonable attorncys' <br /> 1'ccs and costs oF litle evidence. <br /> If Ihc powcr oF sale is involced, Trustee sha❑ record A notice of default in eACh county in which Any <br /> parl of �he 1'roperty is located and sl�all mail copies of such notice in the munner prescribed by <br /> apP�i�a���� �aw ta 13orrower and to the other persons prescribed by applicnble law. AFter the time <br /> required by applicable law, 'i'rustce shall give puhlic notice of snle to the persons nnd in the manner <br /> prescrihed by app�ica���e law. '1'rustce, without demAnd on i3orrower, shall scll the Property At public <br /> Auclion to the hibhest bidder�t the time nncl place and under the terms designAted in the notice oF sale in <br /> onc or morc parccls and in any ordcr Trustee determines. Trnstee mAy postpone snle oP nll or An <br /> of the Property by public announcement Ut tl�e time and pince of nny previonsly scheduled s�le. I ender <br /> or i1s dcsibnec may purchasc thc Pro�crty at any sulc. <br /> Upon reccipt of pAyment of tl�c pricc bid, 7'rustee shall delivcr to the purchnser Trustce's dced <br /> convcying thc Property. Thc recitnls in thc 7'rustcc's dccd shAll be primn fncie evidence of the truth of <br /> thc st:�tements mndc thcrein. Trustee shnll Apply the proceeds of the sale in the following order: (n) to <br /> nll costs nnd expenses oF exercising tl�e power of sAle, and the sAle, including the pAyment oP the <br /> Trustec s Fecs nctually incurred, not to excced —3— °!o of the principul amount of the note at <br /> thc lime of thc declnration of defu�dt, And reasonublc Attorneys' fces ns permitted by luw; (b) to ull sums <br /> secured by this Security Tnstrument; nnd (c) Any excess to the person or persons legnlly entitled to it. <br /> 22. Reconveyance. Upon payment of all sums secured by tl�is Security Instrument, Lender shall request <br /> Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br /> secured by this Security Instn�ment to Tnistee. Tnistee shall reconvey the Property without warranty and <br /> NEBRASKA - Sinple Family-Fannio Mae/Freddio Mac Uni(orm Instniment <br /> Form 3028 9/90 <br /> lacer Forrns Inc.IB00�44B•3555 <br /> LIFT NFNMA3028 3/96 Page 6 of 7 Initials: <br /> L/ � <br />
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