201007825 - Laserfiche WebLink

Browse

241U0��2� by any govez�nmental ar regulatory authority, or any private party, that any removal or ocher remediation of any Hazardaus Substance affecting the Property is necessary, Borrower shall promptly take all necessary renne�ial actions in accordance with Environmental J aw. Nothing herein shall creace any obligatian nn Lender far an Environmental Cleanup. NON-UNIFQRM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Burrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unleas Appli�ble L�w provides otherwise). The notice shall specify: (a) the default; (b) the action required to care the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cared; and (d) th�t failure to cure the default on or before the date speci�ed 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 b�ng a court action to assert the non-existence af a default or any other defense of Borrower to acceleration and sale. If the defaalt is not cured on or before the date specIfied in the notice, Lender at its optian may require immediate payment in full of all sunns secured by this Security Instrument without further demand and may invoke the power af 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, bat not limited to, reasonable attorneys' fces and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property �S located and s�all mail copies of such natice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time reqaired by Applicable Law, Trustee shall give pablic notice of sale tu the persons and in the manner prescribed by Applicable Law. Trustee, without demand 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 rnore parcels and in any order Truistee determines. Trustee may postpone sale of all or any parcel of the Property by public annoruncement 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 �ustee's deed conveying the Property. The recitals in the Trustee's deed shall be prlma facie evidence af the truth of the statements made therein. Trustee shall apply the proceeds of the saNe in the fallpwing order: (a) to all costs and expenses of exercising the power af sale, and the sale, including the payment of the Trustee's fees actrtally incurred and reasonable attarneys' fces as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess 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 arAd shall surrender this Security Instnunent and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall re�onvey the Praperty without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Pmperty, but anly if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is pernutted under Applicable Law. 24. Sabstitute Trustee. Lender, at its option, may firom time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request t'or Notices. Borrower requests that copies of che notice of default and sale be sent to Borrower's address which is the Property Address. NEBRA5KA - Single Family - Fannie Mae/Freddie Mac UNI�ORM INSTRUMENT �-g�NE) �ps>>� Page 13 of 75 in�t+ais:� Form 3Q2$ 7l07 � , � 6�, ..: �'�'�,