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200214063
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any I lazardous Substances, or
<br />threaten to release any hazardous Substances, on or in the Property. Borrower Shall not do, not allow anyone else to do,
<br />anything affecting the Property (a) that is in violation of any Eavuonmentul Law, (b) which creates an Environmental
<br />Condition, or (c) wine It, due to the presence, use, m release of Hazardous Substance, create. a condition that adversely
<br />affects the valucofdhe Property. The preced trig two smadu es shall not apply to the presence, a se, or storage on the Property
<br />of small quantities ofliazardous Substances that are generally recognized to he appropriate to normal residential uses and to
<br />maintenance of die Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any inveadgation, claim, demand, lawsuit or other action
<br />by any governments[ or regulatory agency or private puny 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 by the
<br />presence, use or release of a hazardous Substance which adversely affects the value of the Property. If Ban ower learns, or is
<br />notified by any governmental or regulatory authority, or any private party, that any removal or other remediztion of any
<br />Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessaty remedial actions in
<br />accordance wi th Enviromnental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows'.
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following
<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; @) 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 />the default must 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 date specified in the notice, Lender at its option may require immediate payment in full of all sums
<br />securer] by this Security Instrument without further demand and may invoke the power of sale and any other
<br />remedies permitted by Applicable Law. Lender shall he entitled 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 ofdefault in each county in which any part of
<br />the Properly is located and shall mail copies of such notice in the manner prescribed by Applicable Lawto Borrower
<br />and b, 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 in 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. fender or its designee may purchase the Properly 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 recital, in the Trustee's deed shall be prima facie evidence of the truth of the statements matte
<br />therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all assts and expcnscs of exercising
<br />the power of sale, and the 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 (c) any
<br />excess to the person or persons legally entitled to it.
<br />23. Reconveyanee. Upon payment of all toms secured by this Security Instrument, I crater shall request It to
<br />re- 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 wm-ranty to the person or persons legally entitled to it.
<br />Such person or persons shall pay any recordation cost. Lender may charge such per son or persons a tee for reconveying the
<br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is
<br />permitted under Applicable Law.
<br />24. Substitute Trustee. Leader, at it option, may feat 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 uustee shall succeed real[ the title, power and duties conferred
<br />upon Trustee herein and by Applicable law,
<br />25. Request for Notices. Borrower requests that copies ol'the notice of default and sale be sent to Borrowei s
<br />address which is the Property Address.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any Rider executed by Borrower and recorded with it.
<br />Witnesses:
<br />�eiYj (Scary
<br />Bonawer Aaron L Scholz �—
<br />(Seal)
<br />Borrow$[ cy A Scholz
<br />(Seal)
<br />Borrower
<br />(Seal)
<br />NEBRASKA Single Palmiy-- FannlcNlu✓Freddie Mae I1NIFORM INSTRUMENT Fnrm302S 1 /01 (page Jufapageel
<br />in 11 W0.11 1634859
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