201105584 - Laserfiche WebLink

Browse

20�i055�� by any governmental 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 n�sazy remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's brrach of any covenant or agrcement in this Security Insh ument (6ut not griar to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the noHce is giv� to Borrower, by which the default must be cured; and (t� that failure to cure the default on or i�efore the date speci�ed in the notice may result in acceleration of the sums secured by this Security Inst�ument and sale of the Property. The notice shall further inform Borrower of the right to reinstatate af� acceleration and the right to bring a court adion to assert the non-esistence of a default oc any o�ea� defense of Borrower to acceleration and sale. If the default is aot cutaed on � before the date specified in the noface, Lendea� at its option may nequire immediate payment ia full � all sums secured by this Security Instrument without further d�and and may invoke the pow� of sale and any other r�nedies peamitted by Applicable Law. Lendea� shalt i�e entitletl to coltect all expenses incurred in pursuing the rem�ies prnvided in this Sedion 22, induding, but not limited to, reasonable attorneys' fces and costs of title evidence. If the power of sale is invoked, 14vstee shall r�ord a notice of default in each county in wluch any part of the Property is located �nd shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustce shall give public notice of sale to the persons and in the mann� prescribed by Applicable Law. 1�rustee, without demand on Borrower, shall sell the Property at public auction to the �iighest bidder at the lame and place and uuder the terms designate�l in notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any paroel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or .its designee may purchase the Properiy at any sale. Upon receipt of payment of the price bid, Trustee shall de3iver to the purchaser Trustee's dced conveying the Property. The recitals 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 ordex: (a) to all costs and expenses of egercising the power of sale, and the sale, including the paymeat of the Trustee's fces actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (t�j to all sums secured by this Security Iustrument; and (c) any excess to tlie person or Persoas Iega11Y entitled to it. 23. Reconveyance. U�n payment of all sums se�ured by this .Se�aais.y Instrument, Ix,nder si� request Tn�stee to reoonvey the Property and shall surrender this S�rity Insrivment a�nal all no�es evidencing debt sea�red by this Security Instrument to Trustee. Tn�stee shall reconvey t�e Prapeiiq without warrannty to �e person or persons legally entitled to it. Such peison or persons shall pay azry recordation cos�s. Le�er may charge such person or persons a fee for reconveying the Property, but only if �e fee is paid to a d�ird pariy (such as the Trustee) for services rendered and the charging of the fe� is permitted under Applicable Law. . 24. Substitute 1'rustee. Lender, at its option, may from time to time remove Truste� and appoi� a successor tivsttee to any Trustee appointed hereunder by an instnament r�orded in the county in which i�is Security Instrument is recorded. Without conveyance of the Property, the succe.ssor trustee shall suoc� to all the ritle, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the norice of default and sale be sent to Borrower's address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (0817) Paga 13 of 75 intua�s. ' �- orm 3028 1/01 �