Laserfiche WebLink
2oioo914s <br />by any governmental or regulatory authority, or any private party, that any removal pr other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accardance with Environmental Law. Nothing herein shall create any obligation on <br />Lender fpr an Environmental Cleanup. <br />NON-CTNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give natice to Sorrower prior ta acceleration following <br />Borrawer's breach of any covenant or agreem�ent 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 fram the date <br />the notice is given to Borrawer, by which the default must be cured; and (d) that fa►lure to cure the <br />default on or before the date specified in the notice may resalt 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 other defense of Borrowver to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option may require imtnediate payment in full of <br />all sums secured by this Security Instrnament without further demand and rnay 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 this Section 22, including, but not limited to, <br />reasonable attarneys' fees and costs of title evidence. <br />�f 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 natice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed 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 />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of s�le in ane or more parcels and in any order Trnstee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public annauncetnent at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Praperty at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the 'I'rustee's deed shall be prima facie evidence o1' the trath <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following nrder: (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 apd reasonable attorneys' fees 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 ta reconvey the Property and shall surrender this 5ecurity Instrument and a11 notes <br />evidezacing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty to the person ar persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. �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 />pernriitted under Applicable Lavv. <br />24. Substitute Trustee. Lender, at its option, may from time to 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 Froperty, the successor trustee shall succeed to <br />all the title, power and duties cortferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Barrower requests that copies of the notice of default and sale be sent to <br />Borrower' s address which is the Praperty Address. <br />230988 <br />NEBRASKA - 5ingle Family - Fannie Mae/�reddie Mac UNIFORM IN5TRUMENT <br />�-B�NE) (0811) Page 13 of 15 initiais: ,.Form 3Q28 1/01 <br />� <br />