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 />
|