201007732 - Laserfiche WebLink

Browse

2oioo�732 by any govemmental or regulatory autharity, ar 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 actians in accardance with Enviroru�nental Law. Nothing herein shall create any obligation on L.ender for an Environmental Cleanup. N�N-UNIFORM COVENANTS. Borrower and L,�nder further covenant and agree as follows: 22. Accelecation; Remedies. Lendear shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreem,ent in this Security Instrument (but not prior to acceleration under Section 1$ unless Applicable Law provides otherwise). The notice shall specify: (a) the defaalt; (b) the action required to care the defaalt; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by thIs Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a coart action ta assert the non-existence of a default or any other defense of Borrowex to acceleration and sale. I� the defaalt is not cared on or be�ore the date specif�ed in the notice, Lender at its option may require immediate payment in Yull of all sums secared by this Secarity Instrument without further demand and may invoke the power oF sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fces and costs of title evid�nce. If the power of sale is �nvoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribec� 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 dernand 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 Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements rnade therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses af exercising the pawer of sale, and the sale, ineluding the payment of the Trustee's fces actually incarred and reasonable attorneys' fces as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any �xcess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all surns secured 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 ta Trustee, Trustee shall reconvey the Praperty without warranty to the person or persons legally entitled ta it. Such person ar persons shall pay any recordation costs. Lender may chazge such person or persons a fee for recanveying the Property, but only if the fee is paid ta 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 time to time remove Trustee and appoint a successor trustee ta any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of khe Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower reyuests that copies of the natice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) loet t 1 Pege 13 of 15 inieiais: �� Farm 302$ 9/01 � g � , , � � `.