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201007824
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Last modified
10/22/2010 4:02:41 PM
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10/22/2010 4:02:40 PM
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DEEDS
Inst Number
201007824
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201007824 <br />by any governmental or regulatory authority, or any private party, that any rernoval or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accardance with Environmental Law. Nothing herein sha11 create any obligation on <br />Lender 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 acceleratian following <br />Borrower's breach of any covenant or agreement in this Security LLStrument (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 to cure the default; (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; aud (d) that failure to care the <br />default on or before the date s�ecified in the notice rnay result In acceleration of the sums secured by <br />this Secu�rity 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 court action to assert the non�,xistence of <br />a default or any other defense of Borrower to acceleratian and sale. If the default is not enred on or <br />before the date specified in the notice, Lender at its optian may require im�mediate payrnent in full of <br />all sums secured by this Security Instrunneut without further demand and may invoke the power ot' <br />sale and any othex reruedies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedies pruvided in thls Section 22, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the pawer of sale is invoked, Trustee shall record a notice o[ default in each coanty in which <br />any part of the Property is located and shall mail capies of sach notice in the manner prescribed by <br />Applicable Law ta Borrower and to the other persans prescribed by Applicabte Law. After the time <br />required by Applicable Law, Trustee sball 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 tecros designated in the <br />natice of sale in one or more parcels and in any order Trustee determines. Trustce may postpane sale <br />of all or any parcel of the Prope� by public announcement at the time and place of any previausly <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 dced <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evldence of the truth <br />of the statements made therein. Trustee shall apply the prceeeds of the sale in the following order: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's t'ces actually incurred and reasonable ariorneys' tees as permitted by Applicable Law; (b) to <br />all sams secured by this Security Instrument; and (c) any excea.s to the person or persons legally <br />entitled to it. <br />23. Reconveyance. Upon payment af all surns secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Prap�rty and shall surrender this Sccurity Instrument and all nates <br />evidencing debt secured by this Se�ur�ty Instrument to Trustee. Truste� shall reconvey the Property <br />without warranty to the person or persans legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for recanveying the Property, but only <br />if the fee is paid to a tt�ird party (such as the Trustee) for servic.es rendered and the charging af the fee is <br />pernutted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which. this <br />Security Instrument is recorded. Without conveyance of the Prpperty, 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 re.quests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA - 5ingle Family - Fannie Mae/Freddia Mgc UNIFORM INSTRUMENT <br />�-B(NE) losi �� Pege 13 of 16 inrc�ai . ��" Form 3Q2$ 1/07 <br />� <br />: g � i % ... � , <br />? � . > i „ .. r 9 <br />
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