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201007571
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Last modified
1/11/2011 2:34:49 PM
Creation date
10/14/2010 4:45:04 PM
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DEEDS
Inst Number
201007571
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2oioo7�7i <br />by any governmental or regulatory authority, or any private party, that any removaJ or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall prornptly take all necessary <br />remedial actions in accordance with Enviranmental Law. Nothing herein shall create any obligation on <br />I.ender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration follawing <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applicable Law provides othecwise). The natice 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 notYce is given to Borrower, by which the default must be cured; and (d) that faiNare to care the <br />deFault on or before the date speci�ed in the notice may result in acceleration of the sums secured by <br />this Security Instrum�ent and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to brang 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 or <br />before the date speci�ied in the notice, Lender at its option may require im�mediate payment in full of <br />all sums secured by this Security Instrument without further dernand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedies pravided in this Section 22, including, but not lixnited to, <br />reasonable attorneys' fces and casts of title evidence. <br />If the power af 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 natice in the manner prescribed by <br />Applicable I.aw 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 Borrower, 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 more parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by publlc announcement at the time and place of any previously <br />scheduled sale. Lender ar its designee may purchase the Property at any sale. <br />Upan receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustce's deed shall be prima facie evidence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, inclading the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitlecl to it. <br />23. Reconveyance. Upon payment of a11 sums secured by this Security Tnstrument, Lender shall <br />request Trustee to reconvey the Property and sha11 surrender this Security Instrument and all notes <br />evidencing debt secured by this Securicy Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such persan ar persons shall pay any <br />recordation costs. Lendear 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) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from timc to time remove Trustee and appoint a <br />successor crustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successar trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice af default and sale be sent to <br />Borrower's address which is che Property Address. <br />NEBRASKA - Single Family - Fannia MaelFreddia Mac UNIFQRM IN$7RUMEN7 _ <br />�-6�NE) 1o8t t1 Page 13 of 15 Initials• �\ Form 3028 �/0� <br />L��Yy1 � <br />,;. �'.l��, p . . <br />
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