Laserfiche WebLink
20�1056�� <br />by any governmental or regulatory authority, or any private parly, that any removal or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Bonower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-LTNIFORM COVENANTS. Bortower 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 this Security 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 cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the default must be cured; and (d) that failure to cnre the <br />default on or before the date spec�ed in the notice may result in acceleration of the sums secured by <br />tlus Security Instrument 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 assert the non-eaistence of <br />a default or any other defense of Borrower to accelera�on and sale. If the default is not cured on or <br />before the date spec�ed in the notice, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />ezpenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of defanit in each county in wluch <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give pnblic notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, withont demand on Borrower, shall sell the Property at <br />public auction 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 determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement 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 Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the trath <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all costs and ezpenses of eaercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Secnrity Instrument; and (c) any ezcess to the person or persons legally <br />entitled to it <br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Tnistee to reconvey the Property and shall surtender this Security Instnunent and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Ptoperty <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 Properiy, 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. Substitute Trastee. Lender, at its option, may from time to time remove Tntstee and appoint a <br />successor tiustee to any Tntstee appointed hereunder by an in,�l:n�ment recorded in the county in which this <br />Security Instnunent is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />Z5. Request for Notices. 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 - FannleMae/Freddte Mac UNIFORM INSTRUMEIdT <br />�-6(NE) �oa��� Page13of15 Initials:�(� FOrI'113028 1/01 <br />lJ <br />