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200500'24
<br />Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state of Nebraska. In the
<br />event that any provision or clause of this Security Instrument or the Contract conflicts with Applicable Law, such conflict shall not
<br />affect other provisions of this Security Instrument or the Contract which can be given effect without the conflicting provision. To this
<br />end the provisions of this Security Instrument and the Contract are declared to be severable.
<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 in it is sold or
<br />transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior
<br />written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However,
<br />this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than the
<br />minimum number of days established by Applicable Law from the date the notice is delivered or mailed within which Borrower must
<br />pay all sums 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 permitted by this 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 enforcement of this
<br />Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable Law may specify for
<br />reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a
<br />judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due
<br />under this Security Instrument and the Contract 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 Security Instrument, including, but not limited to, reasonable attorneys'
<br />fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in
<br />the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon
<br />reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration
<br />had occurred. However, this right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the
<br />Property or a Beneficial Interest in Borrower.
<br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation
<br />of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small
<br />quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the
<br />Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental
<br />or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower
<br />has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other
<br />remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial
<br />actions in accordance with Environmental Law.
<br />As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental
<br />Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides,
<br />volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph, "Environmental
<br />Law" means federal laws and laws of the state of Nebraska that relate to health, safety or environmental protection.
<br />Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any
<br />covenant or agreement in this Security Instrument or the Contract under which acceleration is permitted (but not prior to
<br />acceleration under the section titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Law
<br />provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less
<br />than the minimum number of days established by Applicable Law from the date the notice is given to Borrower, by which the
<br />default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in
<br />acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform
<br />Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a
<br />default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in
<br />the notice, 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, including, but not limited to,
<br />reasonable 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 of the Property is
<br />located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons
<br />prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice of sale to the
<br />persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at
<br />Compliance Systems, Inc. (2003) BEDE -93E4 - 2004.11.68 www .compliancesystems.corrf -,i5f
<br />Consumer Real Estate - Security Instrument DL2036 Page 4 of 6 800.968 -8522 - Fax 616 - 956 -1868
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