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201007707
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Last modified
10/19/2010 4:54:33 PM
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10/19/2010 4:54:33 PM
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DEEDS
Inst Number
201007707
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201U0�70r <br />by any governrnental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly tak� a11 necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-LTNIFQRM COVENANTS. Borrower and Lender further covenax�t and agree as follows: <br />22. Acceleratian; Remedies. Lender shall give notice to Barrower prior to acceleratinn fnllvwing <br />Borrower's breach af any covenant or agreement in this Security lnstrument (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 ta cure tk►e default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrawer, by which the defaalt must be cured; and (d) that failure to cure the <br />default on or befare the date speci�ed in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right ta reinstate after acceleration and the right to bring 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�ed in the notice, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand �nd may invoke the power of <br />sale and any other remedies permitted by Applicable L�w. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedies provided in this Section 22, includipg, but nut limited ta, <br />reasonable attorneys' fees and costs of title evidence. <br />If the pawer of sale is invoked, Trustee shall record a notice af default in each county in which <br />any part of the Property is lac�ted and shall rnail capies of such noHce 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 Sorrower, shall sell the Property at <br />public aucHon to the highest bidder at the time and place and under the terms designated in the <br />nodce of sale in one or more parcels and in any order Trustee determines. Trustee may pastpone sale <br />of all or any parcel of the Property by public announcement at the time and place o1' any previously <br />scheduled sale. Lender or its designee m�y purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee sha11 deliver to the purchaser Trustee' s deed <br />conveying the Property. The recit�ls in the Trustee'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 exercisin� the power of sale, and the sale, including the payment of the <br />Trustee's fees actnally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) ta <br />all suams secured by this Security Instrument; and (c) any excess ta the person or persons legally <br />entitled ta it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrendcr thiti Security Instrument and all notes <br />evidencing debt secured by this Security Instxurnent to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such perspn 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 />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remave Trustee and appoint a <br />successor trustee ta any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Properiy, the successor trustee shall succeed to <br />all the title, power and duties conferred upon 'I'rustee herein and by Applicable Law. <br />25. Reqaest for Natices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower' s address which is the Property Address. <br />230924 <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMENT � <br />�-B�NE) �oa��� Page 13 of 15 Initials: � Form 3028 1101 <br />� <br />
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