.. , ; . .
<br />201oo�3s�
<br />by this Security Instrument shall continue unchanged. Upon reinstatement by Sorrower, this Security Instrument
<br />and the obli�ations secured hereby shall remain fully effective as if no acceleration had occurred. However, this
<br />right to reinstate shall not apply in the case af acceleratian under the sectian titled Transfer of the Property or a
<br />Bene�cial Interest in Borrawer,
<br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or 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 on the Property of small quantities of Hazardous Substances that are generally recognized
<br />to be appropriate to normal residential uses and to maintenance of the Property,
<br />Sorrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any
<br />governmental or regulatory authority, that any reYZaoval or other remediation of any Hazardous Substauce affecting
<br />the Property is necessary, Borrower shall pramptly talce all necessary remedial actions in accardance 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 taxic petroleurn
<br />p;oducts, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or forxtialdehyde, and
<br />radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the state of
<br />Nebraska that relate ta health, safety ar environmental protection.
<br />Acceleration; Remedies. Lender shall give notice to Borro�ver prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument or the Contract under which acceleration
<br />is permitted (but not prior to acceleration auder the sectian titled Transfer af the Property or a Bene�cial
<br />Interest In Borrower, unless Applicable Law provldes otherwlse). The notIce shaA specify: (a) the default;
<br />(b) the action required to cure the default; (c) a date, not less than the minimam number of days
<br />established by Applicable Law from the date the notice is given to Borrower, by which the default must be
<br />cured; and (d) that failure ta cure the default on or befare the date specified in the nottce may result iau
<br />acceleration of the sums secured by this Security Instrument and sale of the Property. To the extent
<br />permitted by law, the notice shall further inform Borrower af the right to reinstate after acceleration and
<br />the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to
<br />acceleration and sale. If the default is not cured on or before the date speci�ed in the notice, Lender at its
<br />optlon may require immediate payment ln full of all sums secnred by this Security Instrument without
<br />further demand and may invake the power of sale and any other remedies permitted by ApplYcable Law.
<br />To the extent permitted by law, Lender shall be entitled to collect all expenses incarred in pursuing the
<br />remedies provided in this Section, including, but not limited to, reasanable attorneys' fees and costs of title
<br />evidence.
<br />If the power of sale is invaked, Trustee shall record a notice af default in each county in which any part of
<br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to
<br />Borrower and ta the other persons prescribed by Applicable Law. After the time required by Applicable
<br />Law, Trustee shall give public notice of sale to the persons and in the man�uer prescribed by AppUcable
<br />Law. Trustee, without demand on Borrawer, shall sell the Property at publlc auction to the highest bidder
<br />at the Hme and place and under the terms designated in the notice of sale in one or mnre parcels and in any
<br />order Trustee determines. Trustee m�y postpone sale of aA or any parcel of the Property by public
<br />announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase
<br />the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals fn the Trustee's deed shall be prima facie evidence of the truth of the statements
<br />made therein. Trustee shall apply the proceeds of the sale in the follawing arder: (a) to all cost� and
<br />expenses af exercising the power of sale, and the sale, including the payment of the Trustee's fees actually
<br />incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums aecured by this
<br />Security Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />Reconveyance. L7pon payment of all sums secured by this Security Instrument and termination of Borrower's right
<br />to obtain further advances under the Cantract, Lender shall request Trustee to recnnvey the Property and shall
<br />surrender this Security Instrument and all contracts evidencing debt secured by this Security Instrument to Trustee.
<br />Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or
<br />persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the
<br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of
<br />the fee is permitted under Applicable Law.
<br />Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties
<br />conferred upon Trustee herein and by Applicable Law.
<br />Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrovcrer's address
<br />which is the Property Address.
<br />A 2004-2009 Compliance Systeme, �nc. 002I?-�9P8 - 2009.12.368
<br />Cousumar Reel Eatate - Security Instrument DL2036 Pqge 4 of 5 www.campliaucesystems.com
<br />
|