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<br />N~30l89.lIlld.9. b~m <br /> <br />200601465 <br /> <br />condition that adversely am,els the value of the Property. The preceding two sentences shall not apply 10 th(: <br />presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized <br />10 he appropriate to normal residential uses and to maintenance of the Property (Including, but not limited 10. <br />hazardous suhstances in consumer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />action hy any governmental or regulatory agency or private party involving the Property and any Hazardous Substance <br />or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, Including but not <br />limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any <br />condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the <br />Property. If Borrower learns, or is notified by any governmental or regula lory authority, or any private party, that <br />any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall <br />promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any <br />obligation on Lender for an Environmental Cleanup. <br /> <br />NON-UNIFORM 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 ofany 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; (\I) the action <br />required to cure the default; (c) a date, uot less than 30 days from the date the notice is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default on or before the date specified in the <br />notice may result In acceleration of the sums secured by this Security Instrument and sale of the Property. The <br />notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court <br />action to assert the non-existence ofa default or any other defense of Borrower to acceleration and sale. Uthe <br />default is not cured on or before the date specified in the notice, Lender at its option may require immediate <br />payment in full of all sums secured by this Security Instrument without further demand and may invoke the <br />power of sale and any other remedies permitted hy Applicable Law. Lender shall be entitled to collect all <br />expenses Incurred In pursuing the remedies provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale Is Invoked, Trustee shall record a notice of default in each county in which any part <br />of the Property Is located and shall mail copies of such notice in the manner prescribed by Applicable Law to <br />Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, <br />Trustee shall give public notice of sale to the persons and In the manner prescribed by Applicable Law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale In one or more parcels and In any order Trustee <br />determines. Trustee may postpone sale ofall or any parcel of the Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its 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 deed shall be prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds oCthe sale In the following order; (a) to all costs and expenses <br />of exercising the power of sale, and the sale, Includlog the payment of the Trustee's fees actually Incurred and <br />reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; <br />and (c) any excess to the person or persons legally entitled to it. <br />23. Reconveyance. Upon payment ofall sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Truslee. Truslee shall reconvey the Property without warranty to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a <br />fee for recollveying the Property. but only if the fee is paid to a third party (sucb as the Trustee) for services rendered <br />and the charging of the fee is permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at Its option, may from time to time remove Trustee and appoinl a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded In the county In which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice of defauh and sale be sent to Borrower's <br />address which is the Property Address. <br /> <br />NEBRASKAnSingle FamilYnFannle Mae/Freddie Mac UNIFORM INSTRUMENT - MERS <br />Form 302B 1/01 Page g of 10 <br /> <br />DocMaglcetiWimTc'" 8m"'...13.' <br />www.docmagic.com <br /> <br />~ <br />