201104007 - Laserfiche WebLink

Browse

�o1�o4ao� by any govemmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial acrions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANT5. Borrower and Lender further covenant and agree as follows: 22. Acceleratian; 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 reqwired to cure the default; (c) a date, not less than 30 days from the date the noL3ce is given to Borrower, by which the default must be cw�ed; and (d) that fa3lure to cure the default on or before the date specif�ted in the notace may result in acceleration of the sums secured by this 5�urity Instrument and sale of the Property. The notice ahall further inform Borrower of the right to reinstate rafter acceIeration and the right to bruig a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums s�ured by this Security Instrument without further demand and may �invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to wllect all exgenses incurred in pursuing the remedies provided in this Section 22, including, but not lim�tted fo, reasonable attorneys' fces and costs of title evidence. If the �wer of sale is invok�, Trustee shall record a noNce of default in each county in which any part of the Pro�rty is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other p�ersons 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 prescrtbed by Applicable Law. Trustee, without demand on Borrowear, shall sell the Property at public aaction to the h'rghest bidder at the time and place and under the terms d�signated in the natice of sale i�n one or more parcels and in any order Truste�e determines. Trustee may postpone sale of all or any parcei of the Property by pubLtc announoement at the time and place of any previously sch�uled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the prrce bid, Trustee shall deliver to the purchaser T'ruste�'s deed conveying the Property. The rei;itals in the Trustee's dced shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expens� of exercising the power of sale, and the sale, including the payment of the Trustee's fces actually �tncurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Se.curity Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this 5ecurity Instrument, Lender shail request Trustee to reconvey the Property and shall surrender ttus Security Instrument and all notes evidencing debt secured by this Security Tnstrument to Trustee. Trustee shall reconvey the Property without wazranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Froperty, but only if the fee is paid to a third party (such as the Trustee) for services renflered and the charging of the fee is permitted under Applicable Law. 24. Substitute 1YusteE. I,ender, at its option, may from time to time remove Trustee and appoint a successvr 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 shall succeed to aIl the title, power and duties conferred upon Trustee herein and by Applicable I.aw. 25. Request for Notices. Borrower requests that copies of the norice of default and sale be sent to Bonower's address which is the Property Address. NEBRASKA � Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE� toat �1 Page 13 of 16 inn�ais: � j Form 3028 1/01 ��