|
Borrower shall not cause or permit the presence, use, disposal, storage, or release ofanyyHa ad or 34, gstVarh0 or
<br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
<br />anything affecting the Property (a) that is in violation of any Environmental Law, (h) which creates an Environmental
<br />Condition, or (c) which, due to the presence, use, or release of Hazardous Substance, creates a condition that adversely
<br />affects the value ofthe Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property
<br />of small quantities of I lazardous .Substances that are generally recognized to be appropriate to mrmal residential uses and to
<br />maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigat ion, claim, demand lawsuit or other action
<br />by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Environmental law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to,
<br />any spilling, leaking discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused bythe
<br />presence, rise or release of a Hazardous Substance which adversely affects the value ofthe Property- IfBorrower learns, oris
<br />notified by any governmental or regulatory authority, or any private party, that any removal or other remcdiation of any
<br />Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in
<br />accordance with Environmental law. Nothing herein shall create anyobligation on Leader for an Environmental Cleanup.
<br />NON - UNIFORM COVENANTS- Borrower and Lender former covenant and agree as follows:
<br />22. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration fallowing
<br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under
<br />Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action
<br />required to cure the default (c) a date, not less than 30 days from the date the notice is given to Borrower, by which
<br />line default nmal be cured; and (d) that failure to cure the default on or before the date specified in the notice may
<br />result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall
<br />further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the
<br />non - existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or
<br />before the datespecified in the notice, Lender at its option may require immediate payment in full of all sums
<br />secured by this Security Instrument without further demand and may invoke the power of sale and any other
<br />remedies permitted by Applicable Law. Leader shall be mditled to collect all expenses incurred in pursuing the
<br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of
<br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Lawlo Borrower
<br />and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall
<br />give public notice of sale to the persons and m the manner prescribed by Applicable Law. Trustee, without demand
<br />on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the
<br />terns designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may
<br />postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously
<br />scheduled sale. Lender or as designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals in the Trustee's decd shall be prima facie evidence of the truth of the statements made
<br />therein.' 1-rusteeshallapply the proceeds ofthe sale in the following order: (a) to all costs and expensesofexercising
<br />the power of sale, and floc sale, including the payment of the Trustee's fees actually incurred and reasonable
<br />attorneys' fees as permitted by Applicable Law, (b) to all sums secured by this Security Instrument; and (e) any
<br />excess to the person or persons legally entitled to it.
<br />23. Reconveyance. Upon payment ofall sums secured by this Security lnsminant, Lender shall request Trustee to
<br />ro-convey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee_ Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it.
<br />Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee orreconveorai the
<br />Property, but only it the tee is paid to a third party (such as the T'rusree) for services rendered and the charging ofthe fee is
<br />permitted under Applicable Law.
<br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor
<br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred
<br />upon Trustee herein and by Applicable Law.
<br />25. Request for Notices. Borrower requests that copies of the notice of detault and sale be sent to Borrower's
<br />address which is the Property Address.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terns and covenants contained in this Security
<br />Instrument and in cry Rider executed by Borrower and recorded with it
<br />Witnesses:
<br />d. Q,. Qn P64 (seal)
<br />Bonou' Dan R R an
<br />lr3fIQ�A'�•
<br />4—am) (Seal)
<br />Bonuwcr eggy J u
<br />(Seal)
<br />Bonuwcr
<br />Borowcr
<br />(Seal)
<br />NEBRASKA — Siigte FUnul, FSnnie Mae/Freddic Mae❑NIFORMINSTmIMENT Fnrm3029 1 /61 cpag.InfApoKn)
<br />1]14.(N0102) I112it4N
<br />"t, l II fl s.,I.i I
<br />
|