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201103673
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201103673
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Last modified
5/25/2011 8:54:25 AM
Creation date
5/16/2011 4:31:16 PM
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DEEDS
Inst Number
201103673
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201103673 <br />by any governmental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall prompfly take all necessary <br />remedial actions in accordance with Environmental I.aw. Nothing herein s�hall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedi�. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (bnt not prior to <br />acceleration under Section 18 unIess Applicable Law provides otherwise). The notice shall specify: (a) <br />the defauit; (b) the action required to cnre the default; (c) a date, not le.ss than 30 days from the date <br />the notice is given to Borrower, by which the default mnst be cured; and (d) that failnre to cnre the <br />default on or before the date specified in the notice may resnit in acceleration of the snms secured by <br />this Secnrity Iffitrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to a�ert the non-ea�.stence of <br />a default or any other defense of Borrower to acceleration and sale. ff tlie defau[t is not cnred on or <br />before the date spec�ed in the notice, Lender at its option may r�nire immediate payment in full of <br />aIl sums secnred by this Security Instrnment without fnrther demand and may invoke the power of <br />sale and any other remedi� permiited by Applicable Law. Lender shall be entitled to collect all <br />expenses incnrred in pursuing the remedies provided in this Section 22, including, bnt not limited to, <br />reasonable attorneys' fe� and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall mail copies of such notice in the msnner pr�cribed by <br />Applicable Law to Borcower and to the other persons prescribed by Applicable Law. After the time <br />r�uired by Applica6le Law, Trustee shall gi�e public notice of sale to the persons and in the manner <br />pr�cribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at <br />public suction to the highe,st bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Trustee determines. Trastee may postpone sale <br />of all or any parcel of the Property by pnblic annonncement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trnstee's deed <br />conveying the Properfy. The recitals in the Trnstee's deed shall be grima facie e�idence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all costs and egpenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fe� actually incurred and reasonable attorneys' fe� as permitted by Applicable Law; (b) to <br />all sums secnred by this Secnrity Instrument; and (c) any exc� to the person or persons legally <br />entitled to i� <br />23. Reconveyance. Upon payment of all sums secured by this Securiiy Instniment, I.ender shall <br />request Trustee to reconvey the Properiy and shall sarrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Properiy <br />without warranty to the gerson or persons legally entitled to it. Snch person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Sut�titnte Trustee. Lender, at its option, may from time to time remove Trastee aud appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Securiry Instrument is recorded. Without conveyance of the Propsrty, the successor trustee shall succeed to <br />all the tifle, gower and duties conferred upon Trustee herein and by Applica.ble Law. <br />25. Reqnest for Notic�. Bonower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFDRM INSTRUMENT r/ <br />�-6(NE) 10871) Paga 730} 16 i�reai8: �` Form 3028 1t01 <br />� ` <br />
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