Laserfiche WebLink
201008995 <br />by any govemmental or regulatory authority, or any private party, Wat any removal or other remediatian <br />of any Hazardous Substance affecting the Property is necessary, Borrawer shall pramptly take all necessary <br />remedial actions in accordance with Envirpnmental Law. Nothing herein shall create any obligatipn on <br />Lender for an Environmental 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 />Borrawer's breach of any covenant oc agreement in this Security Instrument (bat not prior to <br />acceleration ander Sect�ion 18 anless 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 �s given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />defaWt on or before the date speci�ed in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of 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 ather defense of Borrower to acceleration and sale. If the defaWt is not cured on or <br />before the date speciffed in the notice, Lender at its option may require imimediate payment in fall of <br />all sutns secured by this Security Instrument without further demand and may invoke the power of <br />sale and any ather 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, bat not limited to, <br />reasanable attorneys' fees and costs of title evidence. <br />If the power pf 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 prescrlbed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public 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 />publlc auction ta the highest bidder at the time and place aud under the terms designated in the <br />notice of sale in ane or more parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public annoanceraent at the time and place aF any previously <br />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payrnent of the price bid, T�ustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shalN be prima facie evidence of the tcath <br />af the statements made therein. Trustee shall 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 fees actually incurred and reasonable attorneys' fees as permitted by Appllcable Law; (b) to <br />all surns secured by this Security Instrument; and (c) any excess to the person or persans legally <br />entitled to it. <br />23. Reconveyance. Upon payment of all swns secured by this Security Instrument, L,ender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Tnstrument to Trustee. Trustee shall reconvey the Praperty <br />withaut warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or pearsons a fee for reconveying the 1'raperiy, but only <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 />permitted under Applicable Law. <br />24. Substitute Trustee. I.ender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Truscee 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 sha11 succeed to <br />al.l 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 co <br />Bonower's address which is the Property Address. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM IN57RUMENT <br />�-61NE) loa t t 1 Page 13 of 16 inniais: !� Form 302$ 9/01 <br />� s. <br />