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201008041
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201008041
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Last modified
1/11/2011 2:34:55 PM
Creation date
10/29/2010 4:13:03 PM
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DEEDS
Inst Number
201008041
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20i0U8041 <br />by any governmental or regulatory authority, or any private party, that any rernoval or other remediation <br />of auy 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 />I.ender 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 acceleration following <br />Borrower's breach of any covenant or agreernent in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applicable Law prnvides otherwise). The natice shall sPecify: (a) <br />the default; (b) the action required ta cure the deFaalt; (c) a date, not less than 30 days from� tl�e date <br />the notice is given ta Bprrower, by which the defaalt 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 sums secured by <br />this Security Instrument and sale of the Pcopecty. 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-existence of <br />a default or any other 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 ixnmediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any othec 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 prescrYbed by <br />Applicable Law to Borrower and to the other persons prescr3bed 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 demand on Borrawer, shall sell the Property at <br />pablic auction to the highest bidder at the time and place and under the terms designatec� 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 />schednled sale. Lender ar its designee may parchase the Property at any sale. <br />Upon receipt of paymeut 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 made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to a11 costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to <br />al1 sums secured by this Security Instrument; and (c) any excess ta the person or persons legally <br />entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, I.ender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrurnent to Trustee. Trustee sha11 reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender rnay charge such persan or persons a fee for reconveying the Pz�operty, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendexed 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 appoin.t a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instniment is recorded. Without canveyance of the Property, the successor crustee 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 copies of the notice of default and sale be sent to <br />Borrower's address which is che Property Address. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-B�NE�loettl Page13of15 m�sisis: Form302$ 1/Q1 <br />> �� � � : el � il ii e ..r . f <br />G� X� ; <br />
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