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201007874
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201007874
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Last modified
1/11/2011 2:32:51 PM
Creation date
10/25/2010 4:25:20 PM
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DEEDS
Inst Number
201007874
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20iQU�874 <br />by any governmental ar regulatory authori,ty, or any private party, chaC any removal or other remediation <br />af any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall 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. Acceleratian; Remedies. Lender shall give notice to Borrower prior to �cce.�earation following <br />Borrower's breach of any covenant or agreement 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 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; and (d) that failure to cure the <br />default on or before the date speci�ed in the notice may result in acceleration of the sams 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 othear 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 t1u11 of <br />all sums secured by this Security 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 evidence. <br />If the power of sale is invoked, 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 prescribed by Applicable Law. After the time <br />requirec� 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 Borrawer, shall seli the Property at <br />public auction to the t�ghest bidder at the time and place and under the terms designated in the <br />notice of sale in ane or more parcels and in any order Trustee deter�nines. 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 />schecluled 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 dced 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 arder: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces ac�Cually incurred and reasanable attorneys' fces as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to 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 surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty ta the person or persons legally entitled to it. Such person or persons shal,l pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) foar services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Sabstitute Trustee. Lender, at its option, may from time to time remove 'I'rustee and appoint a <br />succcssor trustee to any Trustee appoint�d hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the 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 requests that capies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA - Single Family - Fannie Mae/Fraddie Mpo UNIFQRM INSTRUMENT <br />�-B�NE) 1o8i � I Paoe 13 ot 15 initiais: Form 3028 7101 <br />�.. <br />���,t;.; f _� ; <br />
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