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201008474
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Last modified
11/12/2010 4:44:03 PM
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11/12/2010 4:44:02 PM
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DEEDS
Inst Number
201008474
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2oioos4�4 <br />by any govemmental or regulatary autharity, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting ihe Property is necessary, Borrower shall promptly cake all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Enviaronmental Cleanup. <br />NON-UNIFORM COVENANT3. 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 agreement in this Security Instrument (but nat prior to <br />accelexation under Se�tion 18 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 specified in the notice may result in acceleration of the sums secured by <br />this Secuarity Tnstruunent and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate afte�r acceleration and the right to bring a court action to assert the non-existence of <br />a defaalt or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before t�e date speci�ied in the notice, Lender at its option may require Irnmediate 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 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 af 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 tirne <br />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the m�nner <br />prescribed by Applicable Law. Trustee, withaut demand on Sox shall sell the Property at <br />public anction ta the highest bidder at the time and ptace and ander the terms designated in the <br />notice of sale in one or mare 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 />schec�uled sale. Lender or its designee may purchase the Froperty at any sale. <br />Upon receipt of payrnent of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals iu the Trustee's dced shall be prima facie evidence ot the truth <br />of the statements made therein. Trustee sb�a11 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 payment of the <br />Trustee's Fces actually incurred and reasonable attorneys' fees 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 payrnent of all sums secured by this Security Tnstrument, I.ender shall <br />request Trustee to reconvey the Praperty and shall surrender this Security Tnstrument and all nates <br />evidencing debt secured by this Security Instrument to Trustee, Trustee shall reconvey the Property <br />without warranty ta the persan or persans legally entitled to it. Such person or persans shall pay any <br />recordation costs. Lender may chazge such person or persons a fee for recanveying the 1'roperty, but only <br />if the fee is paid to a third party (such as the Trustec) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. I.ender, at its option, may from time to time r�move Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in tt�e county in which this <br />Security Iastruinent is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />a11 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 the Property Address. <br />NEBRASKA - Single Family - Fannie MaelFreddia Mac UNIFQRM IIVSTRUMENT <br />�-B�NE) lost t1 Paoe 13 of 15 inicisis: Fqrm 302$ 7/Q7 <br />y � } � � i 1 � �" � . ' <br />
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