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<br />201ioo354
<br />IF Lender exercises this option, Lender sha71 give Borrower notice of acceleration. The notice shall provide a
<br />period of not less than the minimuan number of days established by Applicable Law from the date the notice is
<br />delivered or rnailed within wliich Borrower musc pay all sums secured by tliis Security instrurnent. If T3orrower
<br />fails to pay these sums prior to the expiration of this period, l,ender may invoke any remedies perrnitted by this
<br />Security Instrument without fiirfher n�tice or demand on Borrower.
<br />Borrower's Right to Reinstate. If Borrower rneets certain conditions, Borrower shall havc: the right to have
<br />enforcement of this Sc:curity Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other
<br />p�riod as Applicablc Law may specify for reinstatement) before sale of the Property pursuant to any power of sale
<br />contained in this Security Instrument; or (b) entry of a judgment enforcing this 5ecurity Instrument. Those
<br />conditii>ns are Chat Borrower: (a) pays I�ender all sums which then would be due under this Security Instrument
<br />and Che (:ontract as if no acce'leratrc�n had occurred; (b) cures any default of any other covenants or agreemeiits; (c)
<br />pays all ex�enses incurred in c:nlorcing this Securiry lnstrument, including, but not limited ta, reasonable aftorneys'
<br />f'ec;s to tlie extenf permitted by law; and (d) takes such action as Lender may reasonably require to assure that the
<br />lien of lhis Security Inatrumenl, I,ender';� rights in the Property and Borrower's obligation to pay Che sums secured
<br />by this Security Instrument ahall continue unchanged. Upon reinstatement by Borrower, this Security Instrument
<br />and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this
<br />right to reinstate shall ��ot a�ply in the case of acc�leraCion under the section titled Transfer of the Property or a
<br />Rene�cial Interest in I3orrawer.
<br />Haz�ardnus Substances. Horrower shall not cause or permit lhe presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or in the Yroperty. Borrowar shall not do, nor allow anyone else to do, anything affecting
<br />the Property that is iu violation of any Environmental T.aw. The preceding two sentences ahall not apply to the
<br />preserace, use, or storage on the Property of small quantit.ies of Hazardous Substances that are generally recognized
<br />to be appropriate to normal residential uses and to maintenance of the Property.
<br />Borrower shall promptly give Lender written natice of any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private parEy involving the Property and any Hazacdous Substance or
<br />Environmental Law of' which 13orrower has actual knowledge. If Borrower learns, or is notified by any
<br />governmental crr regulatory authority, that any removal or other rem�diation of any Hazardous Substance affecting
<br />the Properry is necessary, Borrower tihall promptly take all necessary rernedial actiony in accordance with
<br />�nvironmental Law.
<br />As used in this paragraph, "Hazardous Substances" are those substances de�ned as toxic or hazardous substances
<br />by F'.nviro��mental Law and the fi�llowing substances: gasoline, kerosene, otl�er flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solv�nts, materials cvntaining asbestos or formaldehyde, and
<br />radioactive materials. As used in this paragraph, "Fnviromnental T.aw" means federal laws and laws of the state nf
<br />Nebraska that relate to hcalth, �afcty or envirorunental protection.
<br />Acceleration; Remedies. I,ender shall give notice to Borrower prior to acceleration fnllowing Borrower's
<br />brcach of any covenant or ttgreente��t in this Security Instrument or the Contract ander which acceleration
<br />is permitled (but not prior to acceleration under the section titled Transfer of the Property or a Beneficial
<br />Interest in liprrawer, unless Applicable Law provides otherwise). The notice shall specify: (a) the default;
<br />(b) the action reqrrIred to cure tlie deFarrlt; (c) a date, not less than the minimum nuntber of days
<br />established by Applicable Law from the date the notice is given tu Borrower, by which the default must be
<br />cured; and (d) that fail��re to cure the defAUlt �n or before the date specified in the notice may result in
<br />acceleration of the sums secured by this Security Instrument and sale of tl�e Property. To the extent
<br />permitted by law, the notice shall fi�rther inform Borrower of the right to reinstate aftcr acceleration and
<br />the right to bring a court action to assert the non-existence of x default or any other defense of Borrower to
<br />acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its
<br />option may require immediate payment in full of all sums secured by this Security Instrument without
<br />further demand and may invoke the power of sale and any other remedies permitted by Applicable Law.
<br />To the extent permitted by law, Lender shall be entitled to collect all expenses incurred in pursuing the
<br />remedies pr��vided in tlais Section, including, but not limited to, reflsanable attar��eys' tees and costs of title
<br />evidence,
<br />If the power of sale is invoked, Trastee shall record a nr�tice of default in each county in which any part of
<br />the 1'roperty is located •and shall mail copies af such nntice in the manner prescribed by Applicable I,aw to
<br />Borrower and to the 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 />I,aw. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder
<br />at the tiine f�nd placc xnd imder tt►e terms designated in thc notice of sale in one or more parccls and in any
<br />or�ier Trustee deter�nines. '1'rustee may postpone sale of a11 or any parcel of the Property by public
<br />annnunccment at the time and place of any previuusly scheduled sale. Lender or its designee may purchase
<br />the Property at any sale.
<br />Upon receipt of payment of tl�e price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals in the Trr�stee's deed shall be prima facie evidence of the truth of the statements
<br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and
<br />expenscs of exercising lhe power uf sale, and the sale, including the payment of the Trustee's fees actr�Ally
<br />incurred and reasonahle attorneys' fees as permitted by Applicable laaw; (b) to all sums secured by tliis
<br />Security Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />?9 2UU4-2010 Compliance Systems, Inc. ki1f013-AP61� - 2UIU,U3378 . ,
<br />Cunson�icr Rcxl Estatc - Sccurity Insvument UI Pagc 4 of 5 � www.complia�icesystems.trnn
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