201008659 - Laserfiche WebLink

Browse

2oiooss59 by any governmenta.l or regulatory authority, or any private party, that any remaval or other rernediation o� any Hazardaus Substance affecting the Property is necessary, Barrower sha11 promptly take all necessary remedial actians in accardance with Environrnental Law. Nothing herein sha11 create any obligation on I.ender far an Environmental Cleanup. NON-UNJFORM COVENANTS. Barrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Barrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action reqaired to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the defaalt an or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right ta reinstate after acceleration and the right to bxing a court action ta assert the non-existence of a default or any other defense of Borrower to acceleratian and sale. If the default is not curetl on or before the date speci�ed in the notice, Lender at its option may reqaire immediate payrnent fn full oF all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursaing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. It' the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is lacated and shall mail copies oF such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give �ublic notice of sale to the persans and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shalt sell the Property at public auction to the highest bidder at the tinne and place and ander the terms designated in the notice of sale in one or more parcels and in any order Trustee detern�ines. Trustee may postpone sale of all or any parcel of the Property by public announcement at 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 conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the state�nents made therein. Trustee shall apply the proceeds of the sale in the fallawing order: (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' fe�.s as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upan payment of all sums secured by this Secur�ty Instrument, I.ender sha11 request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Sacurity Instrument to Trustee. Trustee shall reconvey the Property without warranty to the persan or persons legally entitled to it. Such person or persons shall pay any recordation casts. Lender may charge such person or persans a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fec is pernutted under Applicable Law. 24. Substitate Trustee. Lender, at its option, may from time to tirne rennove Trustee and appaint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is r�corded. Without conveyance of the Property, the successor ttustee sh.all succeed to all the title, power and duties canferred upon Trustee herein and by Applicable Law. 25. Request For Nodces. Borrower requests that copies of the natice of default and sale be sent to Barrawer's address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) loei t1 Page 13 of 15 in�t�ais: Form 3028 9/07 � ;��j � t� �i � �� ,41a