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201009036
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Last modified
12/3/2010 4:42:17 PM
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12/3/2010 4:42:17 PM
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DEEDS
Inst Number
201009036
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2Q100943G <br />by any governmental or regulatory authority, or any private party, that any rempval ar other rernediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create arry obligation 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 or agreement in this Security Instrument (but not pr3or to <br />acceleratian under Section 1$ unless Applicable Law provides atherwise). 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 Borrawer, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date speci�ed in the notice m�ay resWt in acceleration af the sums secured by <br />this Secarity Instrumeaat and sale of the Property. The notice shall further inform Borrower af the <br />right to reinstate aftex acceleration and the right to bring a court action to assert the non-existence of <br />a deFault or any other defe�,se of Sorrower to accelexation and sale. If the defaalt is not cared on or <br />before the date speci�ed in the notice, Lender at its option may require immediate paynnent 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 th3s Section 22, including, but not limited to, <br />reasonable attorneys' fces 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 sb�all mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. Aftea the time <br />requii 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 />public auction to the highest bidder at the time and place and under the terms designated in the <br />notIce of sale in one or rnore parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public annauncement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall delivec to the purchaser Trustee's dced <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence pf 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 exercising the power of sale, and the sale, including the payment oP the <br />Trustee's fces actually incurred and reasonable attorneys' fces 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 payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instnunent and a11 notes <br />evidencing debt secured by this Security Instnunent to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. L.ender may charge such person or persons a fee for reconveying the Property, 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. Substitate Trustee. Lender, at its aptipn, 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 af the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request far Notiees. 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 - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-BIN�) loat t 1 PaAe 13 of 15 inisiais: � Form 3028 7/01 <br />� <br />-�� a t����� i <br />, � . , <br />
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