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200909505
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12/2/2009 4:02:50 PM
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12/2/2009 4:02:49 PM
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DEEDS
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200909505
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~oosus~o5 <br />If Lender exercises this option, bender shall give Harrower notice of acceleration, The natice 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, bender may invoke any remedies permitted by this <br />Security Instrument without further natice 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 5ccurity instrument discontinued at any Hine prior to the earlier of (a) 5 days (or such other <br />period as Applicable Law may specify far 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 Note as if no accclerativn had occurred; (b) cures any default of any other covenants yr agreements; (c) <br />pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' <br />fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the <br />lien of this 5ccurity Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured <br />by this Security Instrument shall continua unchanged. Upon reinstatement by Borrower, this 5ccurity Instrument <br />and the obligations secured hereby shall remain fully effective as if no accclerativn had occurred, However, this <br />right to reinstate shall not apply in the case of acceleration under the section tilled Transfer of the Property ow a <br />Beneficial Interest in Borrower. <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 ar more times without prior notice tv Borrower. A sale may result in a change in the <br />entity (known as the "Loan Servicer") that collects periodic payments due tinder the Note and this Security <br />instrument. There also may be one or more changes of the Loan Servicer unrelated tv a sale of the Note. [f 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 Lvan Servicer and the <br />address to which payments should be made. The notice will also contain any other information required by <br />Applicable Law. <br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, ar release of any <br />Hazardous Substances an ar 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 an the Property of small quantities of Hazardous Substances that are generally recognized <br />tv be appropriate to normal residential uses and to maintenance of the Property. <br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit ar other action by <br />any governmental or regulatory agency or private party involving the Properly and any Hazardous Substance or <br />Environmental Law of which Borrower has actual knowledge, If Borrower learns, or is notified by any <br />governmental yr regulatory authority, that any removal ar 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 />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 flammable or toxic petroleum <br />products, toxic pesticides and herbicides, volatile solvents, materials 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 protection. <br />Acceleration; Remedies. Lender shall give notice to $oorower prior tp acceleration following $orrower'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 $orrawew, unless Applicable Law provides <br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, <br />not less than the minimum number 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 5ccurity Instrument and <br />2004-2009 Compliance Systems, Inc. A917-7040 - 20(X1.05,350 <br />Cansumar Reol Cslure - Scc uriry Instrument ~L203h Pagc 4 of R www.~umplianccsystems~cnm <br />~~ ~ <br />
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