|
200904931
<br />Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument.
<br />Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest
<br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a
<br />natural person) unless the Secured Indebtedness is assumable, Lender may, at its option, require immediate
<br />payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by
<br />Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If the Secured
<br />Indebtedness shows that Borrower's loan is assumable, Borrower trust obtain bender's written permission for an
<br />assumption and follow any other requirements of Lender related to an assumption. If Borrower does not do so,
<br />Lender may require immediate payment in full of all sums secured by this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
<br />period of not less than the minimum number of days established by Applicable Law from the date the notice is
<br />delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower
<br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without further notice or demand on Borrower.
<br />Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) S days (or such other
<br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale
<br />contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those
<br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument
<br />and the Secured Indebtedness as if no acceleration had occurred; (b) cures any default of any other covenants or
<br />agreements; (c) pays all expenses incurred in enforcing this Sep ,:trity Instrument, including, but not limited to,
<br />reasonable attorneys' fees to the extent permitted by law; anti (d) takes such action as Lender may reasonably
<br />require to assure that the lien of this Security Instrument, Lend.:sr"s rights in the Property and Borrower's obligation
<br />to pay the sums secured by this Security Instrument shall con',inue unchanged. Upon reinstatement by Borrower,
<br />this :Security Instrument and the obligations secured hereby slu,all remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the : ase of acceleration under the section titled
<br />Transfer of the Property or a Beneficial Interest in Borrow: r.
<br />Sale of Secured Indebtedness Change of Loan Servicer. The Secured Indebtedness or a partial interest in the
<br />Secured Indebtedness (together with this Security Instrument) +lay be sold one or more times without prior notice
<br />to Borrower. A sale may result in a change in the entity (kn wn as the "Loan Servicer") that collects periodic
<br />payments due under the Secured Indebtedness and this Sec rity Instrument. There also may be one or more
<br />changes of the Loan Servicer unrelated to a sale of the Sect ed Indebtedness. If there is a change of the Loan
<br />Servicer, Borrower will be given written notice of the chang in accordance with the section titled Notices and
<br />Applicable Law. The notice will state the name and address f the new Loan Servicer and the address to which
<br />payments should be made. The notice will also contain any of -,r information required by Applicable Law.
<br />Hazardous Substances. Borrower shall not cause or permit °te presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or in the Property. Borrower shall r )t 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 c Hazardous Substances that are generally recognized
<br />to be appropriate to normal residential uses and to maintenan" A of the Property.
<br />Borrower shall promptly give Lender written notice of any in - stigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private party inv( 'ving the Property and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual know- ',;dge. If Borrower learns, or is notified by any
<br />governmental or regulatory authority, that any removal or oth:,; remediation of any Hazardous Substance affecting
<br />the Property is necessary, Borrower shall promptly take t iI necessary remedial actions in accordance with
<br />Environmental Law.
<br />As used in this paragraph, "Hazardous Substances" are those ..tbstances defined as toxic or hazardous substances
<br />by Environmental Law and the following substances: gasoli Ne, kerosene, other flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, rt. terials containing asbestos or formaldehyde, 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 protectio i.
<br />Acceleration; Remedies. Lender shall give notice to Borror *er prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this�eleration under the
<br />section titled Transfer of the Property or a :Be vial Interes� iW71 cable Law provides
<br />otherwise). The notice shall specify: (a) the de It; (b) th default; (c) a date,
<br />not less than the minimum number of days est eded a the notice is given
<br />to Borrower, by which the default must be cu ,�tl) ult on or before the
<br />date specified in the notice may result in accel rity instrument and
<br />sake of the Property. To the extent permitted by law, the not :e 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. li ,he default is not cured on or before the date
<br />specified in the notice, Lender at its option may require imn'•diate payment in full of all sums secured by
<br />this Security Instrument without further demand and may in °,uke the power of sale and any other remedies
<br />tDona a, e«a Rcal Estate ht5xu ny Inst uYm.. an Dlr?d)id _D 0918 - �QV7ii.l.p.2d�i t�a�5 of _ ,.r .�., m..._,... ..., . _.._. _. 8DG �}tili 85^� > "�Fn -ti 6 95(s181 6
<br />JVP A .............'
<br />lrutialr�
<br />
|