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<br />200709354
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<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of
<br />not less than 30 days from the date tbe notice is given in accordance with Section 15 within which Borrower must pay all sums
<br />secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may
<br />invoke any remedies pennitted by this Security Instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the
<br />right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale
<br />of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law
<br />might specify for tbe tennination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument.
<br />Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the
<br />Note as if no acceleration bad occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
<br />incurred in enforcing tbis Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and
<br />valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rigbts under this
<br />Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in tbe Property
<br />and rights under this Security Instrument, and Borrower's obligation to pay tbe sums secured by this Security Instrument, shall
<br />continue unchanged. Lender may require that Borrower pay sucb reinstatement sums and expenses in one or more of the
<br />following fonns, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank cbeck, treasurer's check or
<br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency.
<br />instrumentality or entity; or (d) Electronic [<unds Transfer. Upon rcinstatement by Borrower, this Security Instrument and
<br />obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate sball
<br />not apply in tbe case of acceleration under Section 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. Tbe Note or a partial interest in the Note (together
<br />with this Security Instrument) can be sold one or more times witbout prior notice to Borrower. A sale might result in a change
<br />in the entity (known as tbe "Loan Servicer") that collects Periodic Payments due under tbe Note and this Security Instrument
<br />and perfonns other mortgage loan servicing obligations under the Note, tbis Security Instrument, and Applicable Law. There
<br />also might be one or more changes of the Loan Servicer unrelated to a sale of tbe Note. If there is a change of the Loan
<br />Servicer, Borrower will be given written notice of the change wbich will state tbe name and address of tbe new Loan Servicer,
<br />the address to which payments should be made and any other infonnation RESPA requires in connection with a notice of
<br />transfer of servicing. If the Note is sold and thereafter tbe Loan is serviced by a Loan Servicer other tban the purchaser of tbe
<br />Note, the mortgage loan servicing obligations to Borrower will remain witb the Loan Servicer or be transferred to a successor
<br />Loan Servicer and are not assumed by the Note purcbaser unless otherwise provided by the Note purcbaser.
<br />Neitber Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or
<br />the member of a elass) that arises from the otber party's actions pursuant to tbis Security Instrument or that alleges that the
<br />other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or
<br />Lender has notified the other party (witb such notice given in compliance with the requirements of Section 15) of such alleged
<br />brcach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If
<br />Applicable Law provides a time period which must elapse before certain action can be taken, tbat time period will be deemed to
<br />be reasonable for purposes of this paragraph. Tbe notice of acceleration and opportunity to cure given to Borrower pursuant to
<br />Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 sball be deemed to satisfy tbe notice and
<br />opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as
<br />toxic or bazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene,
<br />otber flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or
<br />fonnaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction wbere the
<br />Property is located that relate to health, safety or enviromnental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or rcmoval action, as defined in Environmental Law; and (d) an "Enviromnental Condition" means a
<br />condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />Borrower shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous Substances, 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) tbat is in violation of any Environmental Law, (b) wbicb creates an Environmental
<br />Condition, or (c) which, due to tbe presence, use, or release of a Hazardous Substance, creates a condition that adversely
<br />affects the value of the Property. The preceding two sentences sball not apply to the presence, use, or storage on tbe Property
<br />of small quantities of Hazardous Substances tbat are generally recognized to be appropriate to nonnal residential uses and to
<br />maintenance of the Property (including, but not limited to, bazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or otber action by
<br />any governmental or regulatory agency or private party involving tbe Property and any Hazardous Substance or Environmental
<br />Law of which Borrower has actual knowledge, (b) any Enviromnental Condition, including but not limited to, any spilling,
<br />leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use
<br />or release of a Hazardous Substance which adversely affects the value of tbe Property. If Borrower learns, or is notified by any
<br />govermnental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substauce
<br />atIecting the Property is necessary, Borrower sball promptly take all necessary remedial actions in accordance with
<br />Environmental Law. Nothing berein shall create any obligation on Lender for an Environmental Cleanup.
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<br />NON-UNIFORM COVENANTS. Borrower and Lender furtber covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless
<br />Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default;
<br />(c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and
<br />(d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of the Property. The notice shall fm1her inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br />Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without
<br />further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be
<br />entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited
<br />to, reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall recOl.d a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to
<br />the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public
<br />notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower,
<br />shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the
<br />notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel
<br />of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee
<br />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 the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of
<br />sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as
<br />permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the wperson or
<br />persons legally entitled to it.
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<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~orm 3 1
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<br />Bank...Sy<t.mo, Inc., St. Cloud. MN Form MD-1-NE 8/17/2000 (page 6 of7 ~
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