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201008634
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Last modified
1/11/2011 1:56:48 PM
Creation date
11/18/2010 4:42:44 PM
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DEEDS
Inst Number
201008634
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201048634 <br />by any governmental or regulatary autharity, or any private party, that any removal or other remediation <br />of any Hazardaus 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 obligation on <br />Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Borrower and Lender further cavenant and agree as follows: <br />22. Acceleration; RernedIes. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreemea�t in this Security Instrument (but not prior to <br />acceleration under Section 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 frorn the date <br />the notice is giveu to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or befare the date speci�ed �n tl�e notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The not3ce shall further inform Borrowex of the <br />right to reinstate after acceleration and the right tp 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 ar <br />before the date speciYed in the notice, Lender at its option may require immediate 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 incu�rred in pursuing the remedies provided in this Sectlon 22, including, but not limited to, <br />reasonable attorneys' fees and costs of tit(e eviderace. <br />Tf the power of sale is invoked, Trustee shatl 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 prescr�bed by <br />Applicable Law to Borrower and to the other peirsons prescribed by Applicable I.aw. A�ter the time <br />required by Applicable Law, Trustee shall give public notice af sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without dernand on Borrower, sha11 sell the Property at <br />public auction to the higbest bidder at the time and place and under the terms designated in the <br />notice of sale in ane or more p$rcels and in any order Trustee determines. Trustee may postpone sale <br />nf all or any parcel of the Property by public announcernent at the time and place of any previously <br />schedWed sale. Lender or its designee m�y 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 Piroperty. The recitals in the Trustee's deed shall be prima f�cie 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 e�tercising the power of sale, aud the sale, including the payment aF the <br />Trustee's fces actually incurred and reasaaable attorneys' fces as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any eaircess to the person or persons legally <br />entitled to it. <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all nates <br />evidencing debt secured by this Security Instrument to Trust�ee. Trustee shall reconvey the Property <br />without warranty to the persan or persons legally entitled to it, Such person or pexsons shall pay any <br />recordation costs. [.ez�der may charge such person or persons a fee for reconveying the Property, but ozily <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging pf the fee is <br />permitted under Applicable I.aw. <br />2a. Substitute Truste.e. Lender, at its option, may from time ta time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all tha title, power and duties conferred upon Trustee herein and by Applicable Law. <br />2S. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Bonower's address which is the Property Address. <br />NEBRASKp - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-61NE) �os�ii Page 13 of 16 in�t�ais:� Farm 302$ 7/07 <br />4�� � �� � .� <br />
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