201105692 - Laserfiche WebLink

Browse

by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Properly is necessary, Borrower shall promptly take all necessary reme�ial 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; Remedi�s. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agrcement 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 required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by wIuch the default must t�e cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this 5ecurity Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-eaostence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on ar before the date speci�ed in the notice, Lender at its option may require immediate payment in futt of all sums secured by this Security Instrument without further demand and may invoice the power of sale and any other remedies �rmitted by Applicable Law. I.ender shali be entitled to colled all e�penses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fces and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice 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 persons 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 prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highesf bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its design� may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustce's dced shall 1� 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 elcpenses of exercising the power of sale, and the sale, including the payment of the Trustee's f�s actually incurred and reasonable attorneys' fees as permitted by Appficable Law; (b) to all sums secured by this Security Instrument; and (c) any egcess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this S�urity Instrument, Lender shall r�uest Truste� to rec:onvey the Property and shall surrender this S�urity Instrument and all notes evidencing debt s�ured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons Iegally entitled to it. Such person or persons shall pay any re,cordation costs. Lender may chazge such person or persons a fe,� for reconveying the Property, but only if the fce is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may from tune to time remove Trustee and appoint a suc.cessor hvstee to any Trustee appointed hereunder by an instrument recorded in the county in wIuch this S�urity Insm�ment is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the ritle, power and duties confened upon Trustee herein and by Applicable Law. 25. Request for Notices. Bonower requests that copies of the notice of default and sale be sent to Borrower`s address which is the Property Address. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT �-g(hIE) (0811) Page 13 of 15 mmais: Form 3028 9/�1 O , • � � �