Laserfiche WebLink
~oiooo7s~ <br />by any governmental or regulatory authority, or any private party, that any removal or other rernediatian <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Envirannaental Cleanup. <br />NQN-UNIFORM COVP,NANTS. Borrower and Lender further covenant and agree as follows; <br />22. Acceleration; Remedies. Lender shall give nptice to Borrower prior to acceleration fallowing <br />Borrower's breach of any covenant or agreement in this Security InstruXneut (but not prior to <br />acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration of the cams secured by <br />this Security Instrument and sale of the Property, The notice shop further inform Botxower of the <br />right to reinstate after acceleration and the right to brittg a court action to assert the non-existence of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not cured on ar <br />before the date specifiedf in the notice, Lender at its option may require immediate payment in full of <br />alt sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect alt <br />expenses incnrred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and casts of title evidence.. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on $ormwer, shall sell the Property at <br />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 snore parcels and in any order Trtystee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the tune and place of any previously <br />scheduled sale. Leader or its designee 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 <br />conveying the Property. The recitals in the Trustee's deed shat! be prima facie evidence of the truth <br />of the statements made therein, Trustee shall apply the proceeds of the sale in the fallowing order: ('a) <br />to all costs and expensos of exercising the power of sale, and the salve, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by ttais Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />23. Rernnveyance,. []yon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Tntstee shall reconvey the Property <br />without warranty to the person ar persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) far services rendered and the charging of the fee is <br />pertttitted under Applicable Law. <br />24. Substitute '15rtrstee. Lender, at its option, may fmm time eo time remove Trustee and appoint a <br />successor trustee tp any 'T"rustee appointed hereunder by an instrument recorded in the county in which this <br />Security instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />a.ll the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />Z5. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA -Single Family -Fannie Mae/Freddle Mae UNIFQRM INSTRUMENT <br />~•6tNE) ~osi i~ Page 13 of 16 i~;rrflis: ~ Form 31)28 1/01 <br />