201100230 - Laserfiche WebLink

Browse

�olioo��o by any governmental or regulatory authority, or any private party, that any removal or other remediatian of any Hazardous Substance affecting tlie Property is necessary, Borrower shall promptly take al] necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligatipn on Lender for an Environmental Cleanup. NON-LTNIFORM COVENANTS. Borrower and Lender furtkaer covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration fallowing 13orrower's breach of any covenant or agreement in this Security Instrument (hut not prinr to acceleration under Section 18 unless Applicable Law provides otherwise). "I'he notice shall specify: (a) the default; (b) thc action required to cure the default; (c) a date, not less than 30 da,ys from the date the notice is given to Barrower, hy which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice ma}� result in acceleraHon af the sums s�cured by this Security Instrument and sale of the Property. The notice shall further inform Sorrower of the right to 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 on or before the date speci�ed in the notice, Lender at its option ma,y reqnire immediate payment in full of all sums secured by this Security Instrument withaut further demand and may invpke 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 this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. lf the power of sale is invoked, Trustee shall recard a notice of default in each caunty in which any part of the Property is located and shall mail copies of such notice in the manner prescribect by Applicable Law� to Barrower and to the ather persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee sha11 give public notice of sale to thc persons and in the manner prescribed by Applicable Lar��. Trustee, wfthout demand on Sarrower, shall sell the �'ropert�� at public auction to the h'rghest bidder at the tirne and place and under the terms designated in the notice of sale in one or mare parcels and in any order Trustee determines. Trustee may postpone sale of all ar any parcel of the Property by public annauncement at the time and place of any previously scheduled sale. Lender or its designee ma,y purchase the Property, at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee' s deed conveying tk►e Prpperty. The recitals in the Trustee' s deed shall be prima facie evidence af the truth of the statements made therein. Trust�e 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 payment of the Trustee's fees actually incurred and reasanable attorneys' fees as permitte.d 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 lnstrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and al] notes evidencing debt secured by this Security lnstrument to Trustee. Trustee shall reconvey the Property without warranty to the person pr persons le�ally entitled to it. Such person or persons shall pay any recordation coats. Lender may charge such person or persons a fee for reconveying the ProperCy, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the char�;ing of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee ta any Trustee appointed hereunder by an instrurnent recorded in the county in which this 5ecurity Instrument is recorded. Without conveyance of the ProperCy, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. Z5. Request for Notices. Bo� requests that copi�a of the notice of default and sale be sent to Borrower' s address which is the Property Address. 231042 N�BRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT � �-6�NE) �oei�� Paga 13 of 15 Initials: � Form 3028 1101 m