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201009198
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Last modified
12/9/2010 4:23:50 PM
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12/9/2010 4:23:50 PM
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DEEDS
Inst Number
201009198
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2oioosi9s <br />by any governmental or regulatory authority, or any private party, that any removal or qther remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actians in accardance with Environmental Law. Nothing herein shall create any obligatian on <br />I.ender 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 acceleratian following <br />Borrower's breach of any covenant or agreement ln this Security Instrument (but not prior to <br />acceleration ander Section 18 unless Applicable Law pravides 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 is given to Borrower, by which the default mast be cured; and (d) that failure to cure the <br />default on or before the date speci�ed in the notice may result in acceleration of the sums secured by <br />this Security Instrurnent 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 aMion 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 or <br />before the date speci�ed in the notice, Lender at its option may require irnmediate payment in full of <br />all sums secared by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies pernnitted 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 ariorneys' fe�es and costs of t�tle evidence. <br />If the power of sale is invoked, Trustee shall 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 mannee prescribed by <br />Applicable Law to Borrower and to the other persans 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 aaction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Prope� at any sale. <br />Upon receipt of payrnent of the price bid, Trustee shall deliver to the parchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie 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 exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) ta <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, I.,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 Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person ar persons shall pay any <br />recordation costs. Lender 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. Substitute Trustee. Lender, at its option, m�ay frozn time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recarded in the county in which this <br />Security Instrument is recorded. Without canveyancc of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustse herein and by Applicable Law. <br />Z5. Request for Notices. 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 - Fannie M06/Freddie Mac UNIFORM INSTRUMENT <br />�-61NE) loattl page i3 of i5 in�t�ais: Form 3U2$ 7l07 <br />�!� � , 'iy�� � a� ,,, <br />
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