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201103924
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201103924
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Last modified
9/14/2011 12:17:07 PM
Creation date
5/26/2011 8:47:29 AM
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DEEDS
Inst Number
201103924
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201103924 <br />by atry governmental or regulatory authority, or any private party, tha.t any removal or other remedia.tion <br />of any Hazardous 5ubstance affecting the Property is necessary, Borrower shall prompfly take all necessary <br />remedial actions iu accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-U1�TIFORM 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 tbis Secnrity Instrument (but not prior to <br />acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (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 wluch the default mnst be cured; and (d) that failure to cure the <br />default on or before the date spec�ed in the notice may result in acceleration of the sums secured by <br />this Secnrity Instrament 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 conrt action to assert the non-existence of <br />a defanit or any other defense of Borrower to acceleration and sale. If the defanit is not cured on or <br />before the date sp��ed in the notice, Lender at its option may require immedi$te payment in fnll of <br />all sums secured by this Security Insirument withont further demand and may inooke the power of <br />sale and any other remedies germitted by Applicable Law. Lender shall be entitled to collect all <br />eaxpens� incurred in pursning the remedies prooided in this Section 22, including, but not limited to, <br />ressonable attorneys' fc� and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in wluch <br />an� part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law 1co Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trnstee shall gioe pnbIic 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 anction to the highest 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 determin�. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the timte and place of any previously <br />scheduled sale. Lender or its d�ignee may 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 />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence 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 expens� of exercising the gower of sale, and the sale, including the payment of the <br />Trustee's fe� actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all snms s�ured by this Security Instrument; and (c) any excess to the person or perso�s legally <br />entitled to i� <br />23. Reconveyance. Upon payment of all sums secured by this Security Inshvment, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this 5ecurity Instrument to Trustee. Trustee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Properly, 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 Applica.ble Law. <br />24. Snbstitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the tifle, power and duties conferted upon Tnistee herein and by Applica,ble Law. <br />Z5. Requ�t for Notices. Borrower 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 MaelFreddie Mec UNIFORM INS7RUMENT (��� <br />�-61NE) �os��� Paga 13 of 16 intae�s: ►�ld Form 3028 1I01 <br />`j'IP-� <br />
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