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<br />200806723
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<br />fees to the extent pennitted by law; and (d) takes such action as Lender may reasonably require to assure that the
<br />lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the swns secured
<br />by this Security Instrument shall continue unchanged, \Tpon reinstatemen,t by BOrrower, ,~~s~ecurity Instrument
<br />, and the ohligations secured hereby shall remain fully effective as if noaccelerationhad occUrred. fIciwever,this
<br />right t6 reinstate shall not apply in the case of acceleration under the section titled Tran~fer. of the' Property or a
<br />Beneficial Interest in Borrower, " . -
<br />
<br />Sale of Note Change of Loan Servicer, The Note or a partial interest in the Note (together with this Security
<br />Instrument) may be sold one or more times without prior notice to Borrower, A sale may result in a change in the
<br />entity (known as the "Loan Servicer") that collects periodic payments due under the Note and this Security
<br />Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note, If there is
<br />a change of the Loan Servicer, Borrower will be given written notice of the change in accordance with the section
<br />titled Notices and Applicable Law. The notice will state the name and address of the new Loan Servicer and the
<br />address to which payments should be made. The notice will also contain any other infonnation required by
<br />Applicable Law.
<br />
<br />Hazardou~ Substances'- Borrower shall not cause' or pennit the pr~sence, use; disposal,.storage, or releaseof'liiiy
<br />Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting
<br />the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the
<br />presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized
<br />to be appropriate to nonnal residential uses and to maintenance of the Property.
<br />
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
<br />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. If Borrower learns, or is notified by any
<br />governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting
<br />the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with
<br />Environmental Law. -
<br />
<br />As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances
<br />by Environmental Law and the following substances: gasoline, kerosene,other.t1ammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and
<br />radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the state of
<br />Nebraska that relate to health, safety or environmental protection.
<br />
<br />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 the
<br />section titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Law provides
<br />otherwise), The no!Jc~ shall _sp~~.!fy:Ja)Jl!~_d.~(a.~Jl;-'I))_ tJ!~_l!~ti.m!-_t:~_q!l!~5.uO cureJh~LMf;tJ!I!;{,,)_!! dat~_ .
<br />- no(Jess th-in the- minimuiiloumber of days established by Applicable Law from the date the notice is given
<br />to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the
<br />date specified in the notice may result in acceleration of the sums secured by this Security Instrument and
<br />sale of the Property, To the extent permitted by law, the notice shall further inform Borrower of the right
<br />to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default
<br />or any other defense of Borrower to acceleration and sale, If the default is not cured on or before the date
<br />specified in the notice, Lender at its option may require immediate payment in full of all sums secured by
<br />this Security Instrument without further demand and may invoke the power of sale and any other remedies
<br />permitted by Applicable Law. To the extent permitted by law, Lender shall be entitled to collect all
<br />expenses incurred in pursuing the remedies provided in this Section, including, but ,not limited to,
<br />reasonable attorneys' fees and costs of title evidence.
<br />
<br />Ir'the power of sale is invoked, Trustee shall record a notice of defaultin 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 Law to
<br />Borrower and to the other persons prescribed by Applicable Law, After the time required by Applicable
<br />Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable
<br />Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder
<br />at the time and place and under the terms designated in the notice of sale in one or more parcels and in any
<br />order Trustee determines, Trustee may postpone sale of all or any parcel of the Property by public
<br />announcement at the time and place of any previously scheduled sale, Lender or its designee may purchase
<br />the Property at any sale,
<br />
<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 of the sale in the following order: (a) to all costs and
<br />expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually
<br />incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this
<br />Security Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />
<br />Reconveyance. Upon payment of all swns secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this
<br />Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons
<br />legiilly entitled to it. Such person or persons sh~ll. pay, any rec()rdationco.s~. Lender may charge such 'person or
<br />
<br />O.Zo.o.4,Zo.o.7 C~pyri8ht Compliance Systems, Inc. Z94\-SD91 - Zo.o.7.o.7.Z3o.
<br />Consumer Rea.l Estate ., Securit Instrument DL20J6
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<br />www.~omphances)'$~.cQm
<br />80.0.-968.85' z, ,Fa>< 616-956-1868
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