201101325 - Laserfiche WebLink

Browse

2oiioi��5 by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Properly is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Le�der further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrutnent and sale of the Property. The notice shall further inform Borrower 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 Borrow� ta acceleration and sale. If the default is not cau�ed oa ar before the date speci�ed in the notice, Lender at its option may require immediate payment m fidl of all sums secured by this Security Instn�m�t without further demand and may invoke the power of sale and any other remedies permitted by Applirable Law. Lender shalt be entitled tc� odted �li expenses incurred in pursuing the remedies provided in this Section 22, inctuding, but not limited to, reasonable attorneys' fces and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in wluch any part of the Property is located and shall mail copies of such notice in the manner prescxibe� by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any ss�ie. Upon re�eipt of payment of the price bid, Trustee shall deliver to the purchaser 1Yustee's dced conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the procceds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including Yhe payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable La�v; {b) tA all sums secured by this Security Instrument; and (c) any excess to the person or pcxsons legally entitled to it. , 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, i.a�er si�l request Trustee to reconvey the Property and shall surrender this Security Instnunent a�d ail no�s evidencing debt secured by this Security Instrument to Trustee. Trustee sha11 reconvey ii�e Pmpert3� without warraniy to ti� person or persons legaiiy entitled to it. Such person or persons shall pay any recordation costs_ Lender may charge s�ch person or persons a fee for reconveying the Property, bu# only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is pernutted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee sha11 succced to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT M(�- -61NE) toai i� Page 13 of 15 �nitials: Form 3028 1/07 m .. i .. � r -� � t � c y