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201100260
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Last modified
1/13/2011 2:15:19 PM
Creation date
1/13/2011 2:15:16 PM
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DEEDS
Inst Number
201100260
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201100260 <br />Law or (2) 30 days after natice from Lender d�manding such action, be�in performing the <br />Remedial Work, and thereafter diligently prosecute it to completian, and shall in any event <br />camplete the work by thc time required by applicable ��azardous Materials Law. If Borrower fails <br />to begin an a timely basis or diligently prosecute any required Rem�dial Work, Lender may, at its <br />option, cause the Remedial Work to be completed, in which case Borrower shall reimburse Lender <br />on demand for the cost of doin$ sa, Any reimbursement due from Borrawer ta Lender sha11 <br />become part af the Indebtedness as provided in Section 12. <br />(i) Borrawer shall cooperate with any inquiry by ar�y Govemmental Authority and shall <br />comply with any governmental or judicial order which azises from any alle�ed Prohibited Activity <br />or Condition. <br />(j) Borrawer shall indemnify, hnld hanmless and defend (i) T,end�r, (ii) any prior owner <br />or hold�r of the Note, (iii) the Loan Servicer, (iv) any prior Loan Scrvicer, (v) the afficers, directars, <br />shareholders, partners, emplayees and trustees of any nf the foregoing, and (vi) the heirs, legal <br />representa.tives, successors and assigns of each of the faregoing (callectively, the "Indemnitees") <br />from and against all proceedings, claims, damages, penalties and costs (wheth�r initiated or sought <br />by Gavernmental Authorities or private parties), including fees and out-of-pocket expenses of <br />attorneys and expert witnesses, investigatory fces, and remediation casts, whether incurred in <br />connection with any judicial or administrative proc�ss or oth�rwise, arising directly or indirectly <br />from any af the follo�wing: <br />��) <br />(2) <br />��) <br />any breach of any representation or warranty of Borrower in this Section 18; <br />any failure by Borrower to perform any of its obligations under this <br />Section 18; <br />the existence or alleged existence of any �'rohibited Activity or Condition; <br />(4) the presence ar alleged <br />Mortgaged Property vr <br />Mort�aged Prop�rty; and <br />presence of Hazardous Mat�rials on nr under the <br />any property of Borrower that is adjacent to the <br />(5) the, actual or alleged violation of any Hazardous Materials Law. <br />(k) Counsel selected by Borrower to defend Indemnitees shall be subject ta the <br />approval of those Indamnitees. However, any Indemnitee may elect to defend axay claim or legal or <br />administrative proceeding at the Borrower's expense. <br />(1) Borrower shall not, without ihe priar written conscnt of those indemnitees who aze <br />named as parties to a claim or legal or administrative proceeding (a "Claim"), setlle ar compromise <br />the Claim if the settlement (1) results in the entry of any judgment that does not include as �n <br />unconditional term the delivery by the claimant or plaintiff to I,ender of a written release Uf thase <br />FANIVIE MAE MULTIFAMILY SECURITY 1NSTRUMENT - F'orm �10Z8 O6/09 Puge 22 <br />N�BRASKA <br />m 1497-2009 Fannie Mae <br />
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