201008398 - Laserfiche WebLink

Browse

2o�oos39s by any governn�ental or regulatory authority, or any private party, that any removal or other rernediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all ne�essary remedial actions in accordance with Environrnental Law. Nothing herein shall create any obligation on I.ender for an Environmental Cleanup. �' NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Sorrawer prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not priar to acceleration under Scction 18 unless Applicable Law provides otherwise). The notice shall speciFy: (a) the default; (b) the action required to cure the default; (c) a date, not less than 3Q days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or befare the date speci�ed in the natice may resalt in acceleration of the sumis secured by this Security Instrument and sale of the Piroperty. The notice shall farther inform Borrower oF the right to reinstate after acceleration and the right to bring a court action to assert the non-existenc� of a defaalt or any other defense of Borrower to accel�ration and sale. IF the default is nnt cured on or before the date speci�ed in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the pawer of sale and any other remedies perrnitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in wh"tch any part of the Property is lacated and shall mail copies of such notice in the manner prescribed by Applicabte Law to Borrower and to the ather pe► prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice oF sale to 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 mare parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously sclaeduled sate. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the parchaser Trustee's deed conveying the Piroperty. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power af sale, and the sale, including the payment of the Trustee's fces actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to all sums secured by this Security Instrurnent; and (c) any excess to the person ar persons legally entitled to it. 23. Reconveyanee. Upon payment of all sums secured by this Security lnstrument, I.ender shall request Trustee to re�onvey the Property and shall surrender this Security Trastnunent and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty ta the person ar persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for recanveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the chaz'ging of the fee is pernutted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may frorn tinne to tinne remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an insttv:ment recorded in the cou�nty in which this Security Instrument is recorded. Without conveyance of the Property, tlae successor tarustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Reyuest for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrawer's address which is the Praperty Address. NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �-6(NE) �osiil Page 13 of 15 �n�t�a�s: Form 3028 1/01 � .. ' � . � �:.: 5 R. � �