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201008523
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Last modified
1/11/2011 1:41:52 PM
Creation date
11/15/2010 4:20:29 PM
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DEEDS
Inst Number
201008523
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2osoos5�� <br />by any governmental or regulatory authority, or any private party, that any rernoval or other remediation <br />of any Hazardous Substance affecting the Prpperty is necessary, Borrawer shall prornptly take all necessary <br />remedial actians in accardance with Environmental Law. Nothing herein shall create any obligation on <br />I.ender far an �nvironmental 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 />Sorrower's breach oF any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section 1$ 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 speclfied In the notice may result in acceleration of the sums secnred by <br />this Security Instrument and sale of the Property. The notice sha11 further inform Borrower af 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 immediate payment in full of <br />all sums secared 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 incarred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees 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 prescribed by <br />Applicable Law to Borrawer and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee s�ia11 give pablic notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the tirne and place and under the terms designated 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 />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upan receipt af payment af the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />canveying the Property. The recitals in the T� deed shall be p�rima 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 �xpenses oY exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasanable attorneys' Fces as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the persan or persans legally <br />entitled to it. <br />23. Reconveyance. Upon paynnent of all sums secured by this Security Instrument, L.ender shall <br />request Trustee to recanvey the Froperty and shall surrender this Security Instrument and all notes <br />evidencing debc secured by chis Security Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty t� the person or persons legally entitled to ic. Such person or persons shal] pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but anly <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 />pemutted under Applicable Law. <br />24. Substitate Trustee. Lender, at its option, may from time to time remove Trustee and appaint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instruiment is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties confened upon Trustee herein and by Applicable Law. <br />ZS. 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 MaelFreddie Mac UNIFORM INSTRUMEN <br />�-6�NE) Ioa��� Page 13 ot 16 <br />Porm 3028 1I01 <br />; � � .r ` <br />. � 'a . <br />
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