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99106825
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Last modified
3/13/2012 6:25:47 PM
Creation date
10/20/2005 11:56:45 PM
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DEEDS
Inst Number
99106825
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� 99 �068?� <br /> Sccurity Ins�rument and the obligations secured hereby shall remain fully effective as if no acceleration had <br /> uccurrcd. Ilowever, this right to reinstate shall not apply in the case of acceleration under paragraph 17. <br /> 19. Sale of Note; Change of Loan Servicer. 7'l�e Note or a partial interest in the Note(togetl�er with this <br /> Sccurity Instnimen�) may bc sold one or morc times without prior notice to Borrower. A sale may result in a <br /> ch�,nge in the entity (known as the "Loan Servicer") that collects monthly payments due under the Note and <br /> this Sccurity Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of <br /> thc: No�e;. If there is a change of the Loan Servicer, f3orrower will be �iven written notice of the change in <br /> accordance W��n naragraph 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 required by applicable law. <br /> 2(l. Ilu�ardous Substances. 13orrower shall not cause or permit U�e presence, use, disposal, storage, or <br /> rcicasr of any Ilazardous Subslances on or in the Pro�erty. I3orrower sl�all not do, nor allow anyone else lo <br /> d��, anyihing •�1'fccting thc Proper�y that is in violation of any Environmc;ntal Law. The preceding two <br /> sentcnces shall� not apply to the presence, use, or storage on lhc Property of small quantities of Huardous <br /> Substances that are generally recognized to be appropriate to normal res►dential uses and to maintenance of the <br /> Prof�crty. . <br /> 13�irrowcr shall promptly give Lender written noticc of�my investigation, claim, demand, lawsuit or other <br /> ac�ion by any governmental or regulatory agency or private party involving the Property and any Hazardous <br /> Substance or I:nvironmental Law of which Borrower has actual knowledge. If Borrower learns, or is notitied <br /> hy tiny governmcntal or regulatory authority, that any removal or other remediation of any Hazardous <br /> Substance al'Iccting the Property is necessary, Borrower shall promptly take all necessary remed�al actions in <br /> acconlancc with Environmental Law. <br /> As use:d in this paragraph 20, "Ifazardous Substances" are those substances defined as toxic or hazardous <br /> suhs�.inces by Gnvironmental I_aw and the following substances: gasoline, kerosene, other t7ammable or toxic <br /> pctrc�lcum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or <br /> torm;�ldrhyde, and radioactive materials. As used in lhis paragraph 20, "rnvironmental Law" means federal <br /> laws and laws ol'the jurisdiction wherc the Property is located that relate to heal�h, safety or environmental <br /> protrction. <br /> NON-UNI�ORM COVT:NANTS. I3orrower and I_ender further covenant and agree as follows: <br /> 21. Acceleration; Remedies. I,ender shall give notice to Borrower prior to neceleration following <br /> Isorrower's breach of any covenant or agreement in this Sceurity Instrument (but not prior to <br /> accclerati�►n under paragraph 17 unless applic�ble law provides otherwise). Tl�c notice shall specify: (u) <br /> lhc dcf'uult; (b) the action required to cure tl�e deF�ult; (c) a date, not Icss thnn 30 days from the date the <br /> notice is given to I3orrowcr, by which tl�c dcfault must be curcd; and (d) thut f�ilure to curc thc default <br /> on or before tl�e cl�te specified in the notice may result in acceleration of the sums secured by this <br /> Security Instrument and sale of the Property. The notice shall further inform 13orrower of the right to <br /> rcinstate after accelerntion �nd the right to bring a court action to Assert the non-existence of a default <br /> or any other deFcnse of 13orrower to acccleration and sale. IP the default is not curcd on or before the <br /> dutc specil'ied in the notice, Lender nt its option may reryuire immediate payment in full of all sums <br /> securcd by tl�is Security Instrument without further demand And may invoke the power of sale nnd uny <br /> other remedics permitted by applicable law. Lender sl�all be entitled to collect aU expenses incurred in <br /> pursuing the remedies provided in this p:�ragr�ph 21, including, but not limited to, reasonable attorneys' <br /> I'ces:�nd costs of title evidence. <br /> If the powcr of sale is involcecl, Trustee shall record � notice oF deFault in cach county in which nny <br /> part of �he Property is located and sh�ll mAil co��ies of such noticc in the manner prescribed by <br /> applicublc law to 13orrower and to the other persons prescribed by a�plicable I�w. After the time <br /> re��uired by �pplicable law, 7'rustee shall give public notice of sale to the persons And in the manner <br /> prescribed by upplicable law. 'I'rustce, without demand on Borrower, shall sell the Property at public <br /> nuction to the highest bidder at the time and pl�ce�nd under the terms designated in the notice oF sale in <br /> one or morc parccls and in any order Trustce determines. TI'USt@C Illay �)OSt�0I1C SAIC OP A�I OC Al1J' rACCCI <br /> of thc Property by public announcement at tlie time i�nd pluce of any previously scheduled sAle. Lender <br /> or its designee may purchase thc Property at any sule. <br /> Upe►n receipt uf payment of the price bid, 'Crustee shall deliver to the purchaser Trustee's deed <br /> convcying thc Property. The recitals in thc 7'rustec's decd shall be primn fACie evidence of the truth of <br /> lhc statements made thcrein. 7'rustce shall apply the proceeds of the sale in thc following order: (A) to <br /> nll costs and expenses of exercising the power of sule, And the sAle, including the pnyment of the <br /> 7'rustee's fees actually incurred, not to exceeci —3— % of the principal amount of the notc at <br /> tl�c ti�nc of tl�c declaration of default, and reasonablc attorneys' fces ns permitted by law; (b) to ull sums <br /> secured by this Security Instrument; and (c) any excess to the person or persons Iegally entitled to it. <br /> 22. Reconveyance. Upon payment of all sums secured by this Security Instrument, L.ender shall request <br /> Trustec to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br /> secured by this Security Instrument to Tn�stee. Trustee shall reconvey the Property without warranty and <br /> NEBRASKA- Sinple Family-Fannie Mae/Freddie Mac Uniform Instrument <br /> Form 3028 9/90 <br /> lecer Forms Inc.18001 449-3555 � <br /> LIFT XFNMA302B 3/96 Page 6 of 7 (f11t181S:���r <br /> i <br />
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