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201�Q9��� <br />by any governmental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrawer shall promptly 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-UNI�'ORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender sha11 give notice to Sorrower prior to acceleration following <br />Borrower's breach of any cavenant or agreetnent in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applicabl� La�v provides otherwise). The notice shall specify: (a) <br />the deFault; (b) the action required to cure the default; (c) a date, nat less than 30 days from the date <br />the notice is given to Borrower, by which the defaalt 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 Property. The notice shall further infarm Borrower of the <br />right to reinstate after acceleration and the �ight to bring a court action to assert the non-existenee 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 immediate paym�# in fuli 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 ooliect all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, hut not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the pawer of sale is invoked, Trustee shall record a notice of defaalt in each coanty in which <br />any part of the Property is located and shalt mail copies oF such notice in the manner pres[.�ribed by <br />Applicable Law to Borrawer and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustce shall give public notice of sale to the persans and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Barrower, 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 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 deliver to the purchaser Trustee's deed <br />conveying the Prnperty. The recitals in the Trustee's deed shall be prima facie evidence of the truth <br />of the statements �nade therein. Trustee shall apply the proceeds of the sale in the follawing order: (a) <br />to all costs and expenses of exercising the powe�' 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) to <br />all sums secured by this Secarity Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />23. Recoeveyance. Upon payrnent of all sums secured by this Secwrity I�astnunent, Lender shall <br />reyuest Trustee to reconvey the Property and shall surrender this Secuxity Instrutnent and all notes <br />evidencing debt secured by this Security Instnunent to Trustee. Trustee shall reconvey th� Property <br />without warranty to the person ar persons legally entitled to it. Such person or persons shall pay any <br />recardation cosCs. L.�nder 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 Trust�e) for services rendered and the chazging of the fee is <br />permittetl under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee ta any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor truste� sh�all succeed to <br />all the title, power and duties conferred upon Trustee her�in and by Applicable Law. <br />25. Reyuest for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Pmperty Address. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFOpM INSTRUMENT <br />�-6�NE) lost t1 Page 13 of 15 Initlals: FO►rl� 3028 1/01 <br />� <br />^ � b . •, � , � � . <br />�� <br />� <br />