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201009387
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Last modified
12/16/2010 2:49:28 PM
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12/16/2010 2:49:27 PM
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DEEDS
Inst Number
201009387
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201a09387 <br />by atay gavernrnental or regulatory authority, or any private party, that any remaval or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Barrower shall proznptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-UNIPORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Rennedies. Lender shall give notice to Sorrower prior to acceleration follovving <br />Sorrower's breach of any covenant or agreement in this Secarity Instrument (but not prior to <br />acceleration under Section 18 unless Applicable Law provides othetwise). Thc notice shall specify: (a) <br />the defaalt; (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 must 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 Instrument and sale of the Praperty. The notice shall further inform Borrower of the <br />right to reirnstate after acceleration and the right to bring a court action to assert the non-eacistenoe of <br />a default or any other defense of Borrower tu acceleratian and sale. If the default is not cured an or <br />befare the date speci�ed in the notice, Lender at its o{�tion may require immediate paym�t ia full of <br />all sums secured by this Security Instrument without further demand and m�ry invoke the power o#' <br />sale and any other remedies permitted by Applicable Law. Lender shxll be entitled to oollec� �l1 <br />expenses incurred in pursuing the remedies provided in this Sectian 22, including, but n�ot limited to, <br />reasonable attorneys' fces 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 Proper#y is located and shall mail copies of such notice in the manne�r prescribetl by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />reyuired by Applicable Law, Trustee shall give public notice of sale to the persans and in the manner <br />prescribed by Applicable Law. Trastee, withoat demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the tame 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 />o� 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 parchase the Froperty at any sale. <br />Upon receipt ot' payment of the price bid, Trustee shall deliver to the purchaser 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 rnade therein. Trustee shall apply the procceds of the sale in the following order: (a) <br />ta 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 pernnitted 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 af all sums secured by this Security Instrument, I.ender shall <br />request Trustee to reconvey the Property and shall surrender this Securiry Instrument and ai1 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. $uch person or persons shall pay any <br />recordation costs. Lender may charge such persan or persons a fee far reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services renderetl and the charging of the fee is <br />pernutted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may frorn time to tirne rernove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without canveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA - 5ingle Family - Fennie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-$�NE) l08>>1 Page 13 of 15 Initial . FOrm 3028 1/01 <br />� <br />, � / . <br />
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