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�� 201009810
<br />If I.ender exercises this oplion, [.,ender shall give Borrower notice of acceleration. The notice shall provide a period of
<br />not less than 3� days from the date lhe nutice is given in accordance witli Seclion ] S within which Borrower must pay all sums
<br />secured by this Security instrumcn�. If Borrowcr fails to pay these sums �rior to the expiration of this period, Lender may
<br />invokc any remedies permitted by lhis Security Inshriment without iurther nolice c�r demand on Borrower.
<br />l9. Borrower's Rig11t to Yteinsiate After �lcceleration. 1 f i3��rrower meets certaui condit'rons, Borrower shall have the
<br />right to have enforcement of this Secur�ity Instrument discc�ntinued a� any iime prior Co the earliest of: (a) five days before sale
<br />of the 1'roperty pw�suant lo ar�y power of sale conlained in this Sccurity Instrument; (b) such other period as Applicable Law
<br />might spccify t'��r ttie termination crf 13orrower's right tc� ieinstate; or (c) e►itry oI a judgment enforcing this Sc:curity Instrument.
<br />'1'hose conditions arc lh�il I3orri�wcr: (�) pays Lcnder all sums which ttien woulci be due under this Security Instrument and thc
<br />Nole as if nn accelerati��n had occurre�t; (b) ciires any defaull uf any other cnvenanCs or agreernents; (c) pays all expenses
<br />incurred in enl'orcing this Security Instrument, includin� bui uo� 1i�Y�it�a io, reasonable attorneys' fees, property inspectinn and
<br />valuatic�n fees, and ufher fees incurred for the p�:irpose c>f protucting l.,ender's interest in the Property and rights under this
<br />Security Instrumenc; and (�l) takes such actiori as Lcnaer may reason�bly reyuirc to assure that Lcndcr's interest in the Property
<br />and rights under this Security Instrument, an�l Borrower' obligaLion to pay the sum5 secured by this Security Instrument, shall
<br />continue unchan�;ed. I.,cnder may rcyuire tl�at 13orrower pay such reinstatemenf surns and expenses in one or mnre of the
<br />following forms, as sclected Uy Lender: (a) cash; (b) moncy orcler; (c) certilied check, bank check, treasurer's check or
<br />cashier's check, provided any such check is drawn upon an in�titution whose deposits are insured by a federal agency,
<br />it�strumentality or entity; or (a) T:lectronic Fun�is '1'ransfer. [Jpon reinslalement by Borrower, this Security instrument and
<br />��bligations sucured hereby shall a�emain fully el�fective as if no acceleration had occurred. How�ver, this right to teinstate shall
<br />not apply in [he case of accelerF�ti��ri under Seclic>ai 18.
<br />20. Sale of Ncale; Change of i.oar� Servicer; Naiice of Gricva�tce. '1'he Nolc or a partial interr:st in the Note (together
<br />with this Securi�y Inst��un�ent) can be tiuld one ��r moa'e times without prior noticc lc� T3orrower. A sale might result in a change
<br />in the entity (lcnown as the "Loan Servicer") that collects Yerindic Payrnents duc under tlie Note and ihis Security Tnstrumtnt
<br />and perfurms other mortgage loan scrvicing obliEaiions under t►�e Notc, tiiiti Security lnslrument, arid Applicable I�aw. There
<br />also might be one or more changes of thc I,��an Serviccr unrelated to a sale of the Note. If lhere is a change of the I,oan
<br />Servicer, I3orrower will bc given written nc>lice of the changc: which will state lhe narne and address c�f the new Loan S�rvicer,
<br />the address to wl�ictt payments should be inade ancl any other infe.�rmatian R�,SI'A rec�uires in connection with a notice of
<br />transfer of servicing. If the Nole is tiul�l and thereafter the Loan is scrviced by a Loan Servicer other than the �urchaser of the
<br />Note, the mc.�rlgagc loan servicing c�bligations to Borrawer will remain with the Loan Servicer or be transferred fa a successor
<br />l,oan Servicer and are nol assuryred by tlYe Nole ptiir�haser unless utherwise pruvided by Che Note purchaser.
<br />Neither Borrower nor i.ender rnay comme�tce, join, on c� jainecl to any judicial action (as either an individual litigant or
<br />the ri�et7�ber of a clasy) lh�t arises from thc c>ther party's aclions pursuant to thi� Security Instrument or that alleges that the
<br />other parly has breached any provisi�m ol', or any duty owed by reasor► c>f, thiti Security Inslr�iment, until such Borrower or
<br />Lender has nntil'ied the uther �arty (wiih sricti nciticc given iii cum�liancc with the requireinenes of Section 15) of such alleged
<br />breach and xffurciecl ttre other parl.y hereto a reasonablc period at`Cer tlie giving of such notice to take corrective action. If
<br />Applicable Law providcs �� tim� period wliich n�utit elapse befurc cerlain action can be takcn, [hat time period will bc dcemed to
<br />be rea5nnable for purposes oI this para�raph. 'The nntice of �icceleratiun anc� opportunity lo cure given to 13orrower pursuant to
<br />Section 22 and the notice; of xcceleratioii given lo Bc�rr��wer pursuant to Sectton 1 S shali be deemed tc� satisfy the notice and
<br />opportunity lo lake corrective action provitiions of this Section 20.
<br />21. IIazardous Sirbstances. A� uscd in ttris Sect.ion 21: (a) "Ffarardous Substances" arc: those substances defined as
<br />toxic or h�►�arcic�r�s tiubstances, pollutants, nr wastes by Environmental Law and the following substances: gasoline, kerosene,
<br /><>ther t7ammable or toxic pclrol�um products, toxic pc�ticides and her�liicides, vol�tile solvents, materials containing ashestos or
<br />t'ormaldehyde, and radioactive iriaterials; (b) "Environmental Law" mean� fcderal laws and laws of the jurisdiction where the
<br />Property is located that rel���c lc> health, safety or enviromnent�il protection; (c) "Environmental Cleanup" mcludes any tesperose
<br />actinn, remedial action, ur rcmoval aciion, as defined in f;nvironrnerttal I.aw; and (d) an "Environmental Condition" means a
<br />co»di[ion [hat can ca��se, contrihute to, o�' otherwise tri�ger an Environmcntal C.leanup.
<br />F3orrower shall nol cause ()1" �)CI'IT11C C�LL' prescnce, utie, �lisposal, stora�;e, or rclease of any Hazardous Substances, or
<br />threaten to rcicasc clll� F��i7.fl1YI0U5 SuUstanc�s, on ��r iiY tlie Pri�perty. Borrower tihall not do, nor allow anyone else to dc�,
<br />a�ry�hing affecting the Propert.y (a) tli�.�l is in violation of any k�;nvironmental Law, (b) which creates an Fnvirc�nmental
<br />(~c�ndi[ion, or (c) which, due tu the presencu, rrse, or rele��se of a Hazardc�us Suhstance, creates a condition lhaf ad'v�rsely
<br />affect� thc value of lhe I'rc>perry. The precedin�; two sentences strall noC apply to thu presence, use, or storage on the Property
<br />of small yuantilies of Hararcic>us Substances that are generally recognized to be appropriale to normal residential uses and to
<br />maintcnance of A�e 1'roperly (inclt�dinb, but not limitcd �o, hazarclous substances in consum�.r products),
<br />F3orrower shall proniptly givc I.en�ler written notice of (a) any invcs[igatinn, claim, demand, lawsuit or other action by
<br />any goveriunental ur regulatc�ry agcncy ��r private party involving ll�c 1'roperly ancl any IIazardous Substance or �.nvironmental
<br />Law of which Borrowea� has aclual knowlecl�;e, (b) any N'nviroiunent�l Conclitic�n, inclucling but not limited to, any spilling,
<br />leaking, di5ch�trge, rele�►Se or ttire�t of release of any F�ar.xrcli�us Sribstance, and (c) any condition caused hy the presence, use
<br />or relcase of a Hazar�.ic�us Sut�siance which adversely affects I.he value ul' the Property. If �3orrower learns, or is notifi�d by any
<br />governmcntal c�r regul��ory auilwrity, ��r any privaCe part.y, llial aa�y ren�oval or ott►er remediation of any tiazardous Substance
<br />afi'ecting the Property is necessary, I3urrc�wer shall promptly take all necessary remedial actions in accnrdance with
<br />�nvirunrtiental Law. Nothing herr;in shall crcate any ��bligation on Le�i�ler for an �nvirc.�runental Cleanup.
<br />I�iON-iJNiPORM COVI�NAN'I'S. Borrower ancl Lcncler further cavenant and agree as follows:
<br />22. Acceleration; Remedies. Lender sliall give �iolice to Burrower prior to acceleration following Borrower's
<br />hreach nf any covenant or agreeme�rt iu this Security Insirument (but not prior to acceleration under Section 18 unless
<br />Applicable Law provides oihcrwi5c). The �totice shall specify: (a) tlie def'ault; (b) lhe acl➢on reqaired to cure the default;
<br />(c) a date, not less than 30 days from ihe rlale the notice is given to 13orrower, by which the default mu5t be cured; and
<br />(d) that Failurc to cure the dePa«il on or befnre lhe date specitied in the notice may result in acc�leratiott of the sarns
<br />secured k�y thi5 Security I��strument and sale of tlie Property. Thc nolice shall further inform Borrower of the right to
<br />reinstate after accelerutiot� and the right to bring a courl aciiun lo :�5sert lhe �ton-existepce of a default or any other
<br />def'ense uf Borrovver to acceleraCion aud sale. If the defaull is nol cured c►n or before the date �peci�ed in the notice,
<br />Le►�der at its c►plion may cequi�'e imrta4diate payrr►ent i�� full oY all su�ns secured by this Security Instrument without
<br />further demand and m�y invoke the power of sale and any otlier remedies permitted by Applicable Law. Lender shall be
<br />entitled to collect all expeuses incurred iu pursuing tlic remedies provided in Clii� Scclion 22, including, bul nat limited
<br />to, rea5onable att��rneys' fees ar�d cosls of title evideuce.
<br />If the power uf sale is invoked, '1'�-ustee shall record a uotice of default in each county in which any part of the
<br />I'roperty is located aud shall itiail copies of such notice in tl�e nianner prescribed by Applicable Law to $orrower and to
<br />the other persons prescribed by Applicable I�aw. After ttre time reyuired by Applicable Law, Trustee shaA give public
<br />notice of sale to the persous and ir► tlre manr�er prescribed x�y Applicable Law. Trustee, without demand on Borrawer,
<br />shall sell the 1'roperty at pulylic a��clio�r to the higl�est bidder at the lime and place and under the terms designated in lhe
<br />notice of sale i�i one o�• more ��arcel5 and in any ordcr Truslce dclermines. Trusiee may postpone sale of all or any parcel
<br />of the 1'roperty by public �nr►onncemenl al ll�e lime a►�d placc af any previously scheduled sale. Lender or its designee
<br />may purchase the Yro��eriy �il atty sule.
<br />Upo�r receipt ot" paymenl of lhe pt•icc l�irl, Trustee shall dclaver lo ihc purchaser 'lrustee's deed conveying the
<br />Property. 'Y'tie recitals in t1�e 7'ruslee's deed 5ha11 be prima fucic cvidence of the truth of the statements made therein.
<br />Truslee shall apply the pruceeds uf ihe sale in lhe Tollowin� ordcr: (a) to all costs and expenses of exercising the power of
<br />sale, and the sale, including the payment of tlie 'I'rustee's fees actirally ir�curred and reasonable ailorneys' fees as
<br />permitted by Applicable T.aw; (b) to all sums secured by this 5ecuri�y Instrun�ent; and (c) any excess to the person or
<br />perso��5 legally entitled to it.
<br />NEBRASKA—Sinple Family-�•Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �rm 302$ 7�01
<br />Bankurs Sy::lerns, Inr.,, St. Cloud, MN Farm MU-1-NE H/7 )/2(l00 (pnge 6 af 7pnges) �
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