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201008335
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Last modified
1/11/2011 2:08:14 PM
Creation date
11/8/2010 4:20:55 PM
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DEEDS
Inst Number
201008335
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201008335 <br />by any governmental or regulatory authority, or 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 actions in accordance with Environrnental Law. Nothing herein shall create any abligation an <br />Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agaree as follaws: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration t'ollowing <br />Borrower's breach of any covenant or agreement ➢n 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 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 faiture to cure the <br />default on or before the date speci�ed in the notice may resalt in acceleration of the surns 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 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 nat cured on or <br />before the date speci�ed in the notice, Lender at its option may require immediate payment in fu11 of <br />all sums secur� by this Security Instrument without further dernand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to colle�t a11 <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fe�s and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice oF default in each coanty in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribecl by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the tirne <br />required by Applicable Law, Trustee shall give pabl�c notice of sale to the persons and in the mannex <br />prescribed by Applicable Law. Trustee, without dennand 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 detecmines. Trustee may pastpane sale <br />of all or any parcel of the Pro�erty by public announcement at the tinn�e and place af 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 made therein. Trustee shall apply the proceeds 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 payrnent of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all surns 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 Instrwnent, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Inscrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty ta the persan or persons legally entitled to it. Such person or persons shall 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) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its optian, may from time to time remove Trustee and appoinc a <br />successor trustee to any Trustee appointed hereunder by an instnunent recorded in the county in which this <br />Security Instrurnent is recorded. Without conveyance of the Property, the successor trustee.shall succeed to <br />all the title, power and duties conferred upon Trustee herein a�d by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice af default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA - Singla Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-Q�NE) (0811) Pege 13 of 16 Initlals: <br />� � <br />v� <br />Form 3028 1l07 <br />e�)�� � ��r�.�:' � <br />� / <br />
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