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