201006360 - Laserfiche WebLink

Browse

201006360 by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Rellnedies. Lender shall give notice to Borrower prior to acceleration fallowing Borrower's breach of any covenant or agreement in this Security Instrument (but not prior th acxeleration under Section 18 unless Applicable Law provides otherwise). The notice shall spedfy: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Harrower, by which the default must be cured; and (d) that failure to cure the default on ar before the date specified in the notice may result In acceleration of the sums secured by this Security IInstrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate aflter acceleration and the right to bring a court actiau to assert the non-esstence of a default or any other defense of Harrower to acceleration and sale. If the default is not cured an ar before the date specified in the notice, Lender at its option may require Ymmediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedles permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred iu pursuing the remedies provided in this Sectio~x 2~, including, but not limited ta, reasonable attorneys' fees and costs of title evidence. 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 lasted and shall mail copies of such notice in the meaner prescribed by Applicable Law to Harrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trnstee determines. Trustee may postpone sale of all or any parcel of the Property by public annoufacernent at the time and place of any previously scheduled sale. Leader or its designee may purchase the Property at any sale. Upon recelpt of payment of the price bid, Trustee shall deliver to the purchaser 'I~ustee's deed conveying the Property. The redtals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, induding the payment of the Trustee's foes actually incurred and reasonable attorneys' fees as permltted by Applicable Law; (b) to all sums secured by this Security Iush~ument; and (c) any excc~.s to the person or persons legally eutitled to it, 23. Reconveyance. Upon payment of all sums sceured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation casts. Lender may charge such person or persons a fee for recanveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from tithe to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties wnferred upon Trustee herein and by Applicable Law. 2S. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA -Single Family -Fannie Mae/Froddie Mac UNIFORM INSYRUMENT ~$(NEI 108171 Papa 13 of 15 ~nRiala: Form 3028 1/01