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99106276
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Last modified
3/13/2012 6:11:02 PM
Creation date
10/20/2005 11:45:36 PM
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DEEDS
Inst Number
99106276
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99 10627f <br /> Sccurity lnstrument and the obligations secured hereby shall remain fully effective as if no acceleration had <br /> occurrecl. Ilowever, this right to reinstate shall not apply in the case of aceeleration nnder paragraph 17. <br /> l l. Salc of Notc; Changc of I,oun Scrvicer. The Note or a partial interest in the Note(togetlier with this <br /> Scairity tnstniment) may be sold one or more times without prior notice to l3orrower. A sale may result in a <br /> chan 6�c in the entity (known as the "Loan Servicer") that collects monthly payments due under the Note and <br /> ihis Sccurity Instrument. There also may be one or more changes of d�e Loan Servicer unrelated to a sale of <br /> �hc No�e. If Ihere is a change of the Lo�n Servicer, I3orrower will be �iven written notice of the change in <br /> accorelancc with paragraph 14 above and applicable law. The notice will state the name and address of the <br /> ncw Loan Servicer and the address to which payments should be made. The notice will also contain any other <br /> infi�rmation rcquired by applicable law. <br /> 2(l. Ilazurd�►us Substances. 13orrower shall not caose or permit the presence, use, disposal, storage, or <br /> rcicasc of�aiiy I lazardous Subslances on or in the Pro�crty. f3orrower shall not do, nor .illow aiiyone else lo <br /> d�,, anyihing affecting il�e Property that is in violation of any Environmental 1_aw. The preceding two <br /> scntcnccs shall not apply to the presence, use, or storage on the Property of small quantities of flazardous <br /> Suhsiances that are generally recognized to be appropriate to normal residential uses and to maintenance of the <br /> Pro�crty. � <br /> �3c�rrowcr shall promptly give Lender writtcn notice of�ny investigation, claim, demand, lawsuit or other <br /> action by any governmental or regulatory agency or private party involving the Property and any tlazardous - <br /> Subslance or 6nvironmental Law of which Borrower has actual knowledge. lf Borrower learns, or is notitied <br /> by any governmental or regul�tory authority, that any removal or other remedia[ion of an� Hazardous <br /> Substance al�lccting the Property is necessary, Borrower shall promptly take all necessary remedial acti�ns in <br /> accc>r�ancc with Environmental Law. <br /> As uscd in Uiis paragraph 20, "F(azardous Substances" are those suUstances de�ned as toxic or hazardous <br /> suhstances hy Gnvironmental Law and the Following substances: gasoline, kerosene, otl�er 17ammable or toxic <br /> petrolcum products, toxic pesticidcs and herbicides, volatile solvents, materials containing asbestos or <br /> tormaldehyde, and radioactive materials. As used in this paragraph 20, "rnvironmental Law" means federal <br /> laws and laws of the jurisdiction where the Property is located that relate to health, safety or environrnental <br /> prc�trcti��n. <br /> NON-UNI�ORM COViiNANTS. I3orrower and Lender further covenant and agree as follows: <br /> 21. Acceleration; Remedics. Lender sh�ll give notice to I3orrower prior to ncceleration following <br /> lsorrc►wer's brcach of any covenant or agrecment in this Security Instrument (but not prior to <br /> accelerati�>n under paragrapl� 17 unless applic�ble law provides otherwise). The notice shall speciFy: (u) <br /> the defuult; (b) the action required to cure the default; (c) a date, not less thnn 30 days from the date the <br /> notice is given to 13orrower, by which the default must be cured; and (d) thAt f�ilure to cure the default <br /> on or bcForc the d�te specificd in the noticc may result in acceleration of the sums secured by this <br /> Sec�n•ity L�strumcnt and sale of the Property. Tl�e notice shall further inform I3orrower of the right to <br /> rcinstatc after acccicration �nd the right to bring a court action to nssert the non-existence of n default <br /> or any other defense of 13orrower to acceleration and sale. If the default is not cured on or beforc the <br /> datc spccificd in lhe notice, Lcndcr nt its option may require immediatc payment in full of All sums <br /> scrurcd by this Security Listrument without further demand and may invoke thc power of sale und uny <br /> �ither remedics permitted by applicaUle law. Lender sl�a❑ be entitled to collect �ll expenses incurrecl in <br /> pursuing the rcmedics providcd in this paragr�ph 21, includin�, but not limited to, reasonable attorneys' <br /> 1'ces and costs of title evidence. <br /> If the power of sale is involced, Trustee shall record a notice of default in each county in which �ny <br /> part of �he 1'roperty is loc�tecl and sl��ll mail copies of such notice in the manner prescribed by <br /> applicablc law to 13orro�ver and to the other persons prescribed by applicAblc law. Aftcr the time <br /> re��uired by applicable I�w, 1'rustee shall give public notice of sale to the persons and in the manner <br /> prescribcd by applicablc law. 'lYustce, withoirt dcmand on 13orrower, shall scll the Property at public <br /> auctinn to thc highest biddcr.�t thc time ancl pl�cc nnd under the terms designutcd in the notice of salc in <br /> onc or more parcels und in any order'frustee determines. 'I�I'USI@C I17Ay j)OSt�Ol1C SAIC OP A�I OI'All}� nACCCI <br /> of thc Property by public announcement at the time t�nd plACC of any previously scheduled salc. Lender <br /> or its dcsigncc may purchasc thc Property at any sale. <br /> Upon receipt oF payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br /> convcying thc Property. The recitals in the 'I'rustec's dced shall be primA fACie evidence of the truth of <br /> U�c statcments made thercin. 7'rustee shall apply the procceds oF the salc in thc following order: (A) to <br /> ull cosls nncl expenses of exercising the power of sule, And tl�e snle, including the pAyment oF the <br /> 7'rustcc's fees actiially incurred, not to exceecl —3— % of the principal amount oF the note nt <br /> thc limc of thc dcclaration of default, and reasonablc attorneys' fces ns permitted by law; (b) to All sums <br /> secured by this Security Instrument; and (c) any excess to the person or persons legAlly entitled to it. <br /> 22. Reconveyance. Upon payment of all sums secured by this 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 Instrument to Tn�stee. Tnistee shall reconvey the Property without warranty and <br /> NEBRASKA -Sinple Family-Fannie Mae/Freddie Mac Uniform Instrument <br /> Form 3028 9/90 �� <br /> Laser Fonns Inc.1800�448-3555 <br /> LIFT NFNMA3028 3/96 Page 6 of 7 �Nt181S: � <br /> i <br />
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