201008412 - Laserfiche WebLink

Browse

2oioos4i� by any governmental or regulatory authority, or any private party, that any removal or pther remediation of any Hazardous Substance affecting the ProperCy is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on L�nder for an Environmental Cleanup. NON-LTNIFORM COVBNANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice ta Borrower prior to acceleration following Sorrower's breach of any covenant or agreement in this Security instrument (but not prior tv acceleration under Sectio❑ l8 unless Applicable Law provides otherwise). 'I'he notice shall specify: (a) the default; (b) the action required to cure the default; (c) � date, not less than 30 days from the date the notice is given to Sorrower, by which the default must be cured; and (d) that failure to cure the default an or before the date specified in the notice may result �n acceleration of the sums secured by this Security Instrument and sale of the Property. The natice shall further inform Borrawer of the right ta reinstate after acceleration and the right to bring a court action to assert the non-existence af a default or any ather defense of Borrawer to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender �t its option may require immediate payment in full af all sums secured by this Security Instrurn�nt withaut further demand and may invoke the power of sale and any other rernedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in parsuing 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 which any part of the Property is located �nd shall mail copies of such notice in the manner prescribed by Applicable Law to Sorrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee sh�ll give public notice of sale to the persons and �n the manner prescribed by Applicable Law. Trustee, without demand on Barrawer, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated �n the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement �t 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 Trustee's deed coanveying the Property. 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 followin� arder: (a) to a11 costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sams secured by this Security Instrument; �nd (c) any excess to the person or persons legally entitled to it. 23. Recanveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and a11 notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or parsons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveyiang the Property, but only if the fee is paid to a third party (such as the 'I'rustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. �.ender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instruznent recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor tx shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Barrower requests that copies of the notice of default and salc be sent to Borrower' s address which is the Property Address. 230958 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT 3� �-6(NE) (oe��) Page 13 of 15 iniiiais /� Form 3028 1101 �