Laserfiche WebLink
201�02512 <br />creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, <br />creates a condition that adversely affects the value of the PropeRy. The preceding two sentences shall not apply to <br />the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally <br />recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not <br />limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or <br />other action by any governmental or regulatory agency or private party involving the Property and any Hazardous <br />Substarice or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, <br />including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, <br />and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the <br />value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private <br />party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, <br />Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein <br />shall create any obligation on Lender for an Environmental Cleanup. <br />NON-iJNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration <br />under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the <br />action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to <br />Borrower, by which the default must be cured; and (d) that failure to cure the default on or before t6e date <br />specified in the notice may result in accelerallon of the sums secured by this Security Instrument and sale of <br />the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the <br />right to bring a court action to assert the non-existence of a 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 />Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, <br />including, but not limited to, reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a noNce of default in each county in which any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicabie <br />Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by <br />Applica6le Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by <br />Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the <br />highest 6idder at the time and place and under the terms designated in the notice of sale in one or more <br />parcels and in any order Trustee determines. 1'rustee may postpone sale of all or any parcel of the Property <br />by public announcement at the time and place of any previously scheduled sale. Lender or its designee may <br />purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveyi�g the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the <br />statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs <br />and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually <br />incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this <br />Security lnstrument; and (c) any excess to the person or persons legally entitled to it. <br />23. Reconveysnce. Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured <br />by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or <br />persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such <br />Nebraska Deed of Trust—Single Family—Fannie Mae/Freddie Mac Uniform Instrument Form 3028 1101 <br />MERS Modified <br />The Compliance Source, lnc. Page 12 of 14 Modified by Compliance Source 14301 NE 08/00 Rev. 04/08 <br />www.compliancesource.com �02000, The Compllance Source, Inc. <br />I II�II II I III'llll IIIII IIIII I'lll IIIII I IIII II'll III'I II'll IIII II I III I'lll IIIIII IIIII I'I II I III I IIII II'I II I III IIIII'lll I�'I <br />�+ O 2 7 9 4 7 4 6 1 3+ O O A D+ 1 2+ 1 4� <br />