Laserfiche WebLink
201100124 <br />by this Security Instrument tihall continue unchanged. Upc�n reinstatement by Borrower, this Security Instrument <br />and the obli�ation5 secured hereby sliall remain fully effective as if no acceleration had occurred. I�owever, this <br />right to reinstatc shall not ap��ly in the case �f acceleration under lhe section titled Transfer of the Property nr a <br />Bene�cial interest in Borruwer. <br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any <br />Hazardous Substances o» or in the Property. Borrower sl�all not do, nor allow anyone else to ,da, anythin� affecting <br />tht; Property that i5 in violation of any Environmental Law. The preceding two sentances shall not apply to the <br />presence, use, or storage on fhe Property of small quantities of Hazardaus Substances that are generally recognized <br />to be apprapriate to normal residential use� and to maintenance of the Property. <br />Bc�rrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by <br />any govern�nental or regulatory agency or privata party involving the Property and any Hazardous Substance or <br />Environmental Law of w}rich C3orrnwer has actual knowledge. lf Borrower learns, or is noti�ed by any <br />governrnental or regulatnry authority, that any removal or other re�nediation of any IIazardous Substance affecting <br />the Property is nc;cessary, Borrnwer sliall proinptly take a11 necessary remedial actions in accordance witli <br />�nvironmental Law. <br />As used in tlus paragraph, "Hazardous Substances" are those substances deiined as toxic or hazardous substances <br />by Enviromnental Law and the following substar�ces: gasoline, kerosene, other flamrnable or toxic petroleum <br />products, toxic pesticides and herbicides, volaCile solvents, materials containing asbestos or formaldehyde, and <br />radioactive materials. As used ir� this paragraph, "Nnvironmental Law" means federal laws and laws of tlae state af <br />Nebraska that relate to health, safety or environmental protection. <br />Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement in tl�is Security instrument or the Contract under which acceleration <br />is permitted (bYit not prior to acceleration under thc section titled Transfer of tl�e Property or a Bene�eial <br />Interest 'in 13orrower, unless Applicahle Law provides otherwise). The notice shalt specify: (a) the default; <br />(b) the action required to cUre the defaalt; (c) a date, not less than the rninimum number of days <br />establislied by Applicable Law fro�n the date the notice is given to Borrower, by which the default rrtust be <br />cured; and (d) that failure ta cure the default on or before the date speci�ed in the notice rn.ay result in <br />acceleration of tl�e sums secured by this Security Instrr�ment and sale of the I'roperty. To the exCent <br />perrnitted by law, the noticc shH1l further inform Rorrower of the right to reinstate after accEleration and <br />the right to bring a court acti�n to assert the non-cxistence af a default or a�►y other defense of Borrawer to <br />acceleration and sale. If the default is not cured on or before the date speciFied in tlie notice, I.ender at its <br />nption may require immediate payrnent in full of all sums s�cured hy this Security Instrument without <br />firrther demand and may invoke the power of sale and any other remedies permitted by Applicable Law. <br />'1"u the exte�it permitted by law, Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided in Chis Section, including, but nat limited to, reasonable attorneys' fees and costs of title <br />cvidence. <br />If the power of sale is invoked, 'I'rustee shall record a notice of default in each county in which any part of <br />the Property is located and shall mail copies uf such notice in the tnanner prescribed by Applicable I.aw to <br />Borrower and to tlie other persons prescribed by Applicable Law. After the time required by Applicable <br />Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable <br />Law. Trustee, without dema�ad o�i Borrower, shall sell the Property at public auction to the highest bidder <br />at the time and place and under the terms designated in the notice of sale in one or more parcels and in any <br />order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public <br />announcement at the time and place of any previously scheduled sale. Lender or iYs designee rnay purchase <br />the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser TrusCee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br />made th�rcin. '1'rust�e shall apply tl�c proceeds of the sale in the following order: (a) to all costs and <br />expenses of exercising the power of sale, and the sale, includin�; the puyment af the '1'rustee's fees actualty <br />incurred and reasanable attarneys' fees as �ermitted by Applicable Law; (b) tn a1l sums secared by this <br />Security Instrument; and (c) any exeess to the persan or persons legally entitled to it. <br />Reconveyance. Upon payrnent of all sums secured by this Security Instrurnent and termination of Borrower's right <br />to obtain further advances under the Contract, l.er�der shall request Trustee to reconvey the Property and shall <br />surre►ider tliis Security Instrument and all cnntracts evidencing debt secur�d by this Security instrument to Trustee. <br />'i'rustee shall reconvey fhe Yroperty without warranty to the person or persons legally entitled to it. 5uch person or <br />persons shall pay any recordation costs. Lender rnay char�e such person or persons a fee for reconveying the <br />Property, but only if Che fee is paid Co a Chird parly (such as the Trustee) for Services r�ndered and the chargin� of <br />the fee is pennittcd under Applicahle r�aw. <br />Substitute Trustee. Lender, at its option, may from time to time remove 'I'rustee and appoint a successor trustee <br />to any Trustee appointed hereunder by aci instrument recorded in the county in which this Security Instrument is <br />recorded. Without conveyance of the Property, the successor trustce shall succeed to all the title, power and duties <br />conferred upon Truste� hGrein and by Applicable i,aw. <br />Request for Notices. F3orrower requests that copies of the notice of default and sale be sent to Borrower's address <br />which is the Property Address. <br />�� 20U4•2010 Cnmpliance Syst�ns, Inc. Ei�013-[3�A!)I� - 2UIR03.378 . �� � <br />Cunsumra� Real Estatc - Security Insvumcnt UL203G Page 4 0l'S wwev.compGancesystcnvs.com <br />