201009711 - Laserfiche WebLink

Browse

�oiaos�� by any govemmental ar regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Barrower shall promptly talce all necessary remedial actions in accordance with Environrnental Law. Nothing herein shall create any obligation on Lender for an Environrnental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further cvvenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Sorrower prior to acceleration Following Borrower's breach of any covenant or agreement in this Security Instrurnent (but not priar to acceleratian under Section 1$ unless Applicable Law provides otherwise). The natice shall specify: (a) the default; (b) the action reqaired to care the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date speci�ed in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The nntice shall further inforrn Borrower oF the right ta reinstate after acceleration and the right to bring a court action to assert the non-existence oF a default or any other defense of Borrower to acceleration and sale. If the default is not cured an or before the date speci�ed in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be endtied to collect all expenses incurred in pucsuing the remedies provided in this Section 22, including, bat not limited to, reasonable attorneys' fees and costs oF title evidence. If the power of sale is invoked, Trustee shall recard a notice of default in each county in which any part of the Praperty is located and shall mail copies of such notice in the manner prescribed by Applicabte Law to Borrower and to the other persons prescribed by Appiicable Law. After the dme required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Sorrower, shall sell the Property at public auction to the highest bidder at the time ancl place and ander the terms designated in the notice af sale in one or more parcels and in any order Trustee determines. Trustee may postpane sale oF all or any parcel of the Property by public announcement at the tirne and place of any previously scheduled sale. Lender or its designee may parchase the Property at any sate. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's dced shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the follawing arder: (a) to all costs and e�cpenses of exercising the power of sale, and the sale, iaclading the paym�nt o�' t�e Trustee's fees actaally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or pezsons Iegally entitled to it. 23. Reconveyance. Upon payment of all surns secured by this Security Instrument, Len�der sha11 request Trustee to reconvey the Property and shall surrender this Security Instrument and a1i ncstes evidencing debt secured by this Security Instrument to Trustee. Trustee shall recanvey the Pm�ty without warranty tn the person or persons legally entitled to it. Such person ar persons shall p�y any recordatian costs. Lender may charge such persan or persons a fee for reconveying the Praperty, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the chazging of the fee is permitted under Applicable J.aw. 24. Substitute Trustee. Lender, at its option, rnay from time to time rernove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in vvhich this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�N�) (0811) Page 13 of 15 Initials: � Form 3028 1/09 � : , : � �