201009715 - Laserfiche WebLink

Browse

2010�9715 by any governmental or regulatory authority, or any private party, that any removal or other remediatian of any Hazardaus Substance affecting the Property is necessary, Borrower shall promptly take all necessary rernedial actions in accordance with Environrnental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agrea as follows: 22. Acceleration; Remedies. Y.ender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section ].8 unless Applicable Law provides otherwise). The notice sha11 specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by wh3ch the default must be cured; and (d) that failure to cure the defaalt on or before the date speci�ed in the notice may result in acceleration of the sams secured by this Security Instrument and sale of the Property. The notice shall Yurther inForm Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-exlstence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date speciffed Yn the natice, Lender at its option may require immediate payment in full af 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 entitled to collect all expenses incurred in pursuing the remedies provided in thjs Section 22, including, but not limited to, reasonable attorneys' fces and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persans prescribed by Applicable Law. After the time 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 Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determtnes. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt o� payment of the pr➢ce bld, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds oF the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payrnent of the Trustee's fees actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall sunender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall recanvey the Property without warranty to the person or persons legally entiticd to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee far reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitate Trustee. I..ender, at its option, rnay from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recarded in the county in which this 5ecurity 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. 2S. Reqaest for Notices. Borrower requests that copies of the natice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA - Single Family - F�nnie MaelPreddie Mac UNIFORM INSTRUMENT �-B�NE) losi i1 Pege 13 of 15 in�t�ais: QM�� Form 3028 7/07 . `F " �� • , ., . ,