r� N � �>U 4 .` �' � �_ '�� ?' • �
<br />20110356$
<br />by this Security Instrument sha11 continue unchanged. Ugon reinstatement by Bonower, this Security Instrwnent
<br />and the obligations secured hereby sl�all remain fully effective as if no acceleration had occurred. However, this
<br />right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a
<br />Beneficial Interest in Borrower.
<br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposa.l, storage, or release of any
<br />Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anykhing affecting
<br />the Property tbax is in violation of any Environmental Law. The preceding two sentences shall not apply to the
<br />presence, use, or storage on the Property of small quantities 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 notice of any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or pnivate party involving the Property and any Hazardous Substance or
<br />Environmental Law of which Bonower has actual knowledge. If Bonower learns, or is notified by any
<br />governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting
<br />the Property is necessary, Borrower sha11 promptly take all necessary remedial aotions in accordance with
<br />Environmental Law.
<br />As used in this paragraph, "Hazardons Substaaces" are those substances defined as toxic or hazardous substances
<br />by Environmental Law and the following substances: gasoline, kerosene, other t]ammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and
<br />radioactive materials. As used in this paragraph, "Environmental Law" means federal Iaws and laws of ttte state of
<br />Nebraska that relate to health, safety or environmental protection.
<br />Acceleratlon; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument or the Contract under which accelerat3on
<br />ia permitted (bat not prior to acceleration nnder the section titled Transfer of the Prbperty or a Beneficfal
<br />Interest in Borrower, unless Applicable Law provides otherwise). The notice shall specify: (a) the defanit;
<br />(b) the act3on requlred to cure the default; (c) a date, not less than the minimnm: number of days
<br />established by Applicable Law from the date the notice is given to Borrower, by which the default must be
<br />cured; and (d) that failure to cure the default on or before the date specifled in the notice may result in
<br />acceleration of the snms secured by this Security Instrument and sale of the Property. To the egtent
<br />permitted by law, the notfce shall fwrther inform Borrower of the right to relnstate after accelerat�on and
<br />the right to bring a court action to assert the non-e�tstence of a default or any other defense of Borrower to
<br />acceleraiion and sale. If the default is not cured on or before the date specified in the notice, Lender at ita
<br />option may require immediate payment in full of all snms 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 eztent permitted by law, Lender shall be entitled to coIlect all ezpenses incurred in purswtng the
<br />remedies provided in this Section, iinctuding, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />If the power of sale is invoked, Trustee shall record a noHce of default in each county in which any part of
<br />the Property is located and shall ma�l copies of such notice in the manner prescribed by AppHcable Law to
<br />Borrower and to the other persons prescribed by Applicable Law. After the time reqnired by Applicable
<br />Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by AppHcable
<br />Law. Trustee, without demand on Borrower, shall sell the Property at pubHc anctton to the highest bidder
<br />at the time and place and under the terms designated in the notice of sale in one or more parcels and in any
<br />order Trustee determines. Trnstee may postpone sale of all or �ny parcel of the Property by public
<br />announcement at the time and glace of any prevlously scheduled sale. Lender. or its designee may purchase
<br />the Property at any sale. •
<br />Upon receipt of payment of the price bid, Trustee sha11 deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals in the Trustee'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 />expenses of ezercising 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; (6) to all suins aecured by this
<br />Security Instrument; and (c) any ezcess to the person or persons legally entItled to it
<br />Reconveyance. Upon payment of all sums secured by this Security Instcvment and termination of Borrower`s right
<br />to obtain further advances under the Contract, Lender shall request Trustee to reconvey the Properiy and shall
<br />surrender this Security Instrument and all contracts evidencing debt secured by this Security Instrument to Trustee.
<br />Trustee shall reconvey the Property without warranty to the person or persons legally entitled to i� Such person or
<br />persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the
<br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of
<br />the fee is permitted under Applicable Iaw.
<br />Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee
<br />to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties
<br />confened upon Trustee herein and by Applicable Law.
<br />Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Borrower's address
<br />which is the Property Address.
<br />� 2004-2010 Compliance $ystema, Inc. EEOB-CA82 - 2010.03378
<br />Coosumer Real Estete - Security Instrument DL2036 Page 4 of 5 ww�e•,complie¢ceyy8tems,com
<br />
|