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201105757
<br />nahual person) unless the Secured Indebtedness is assumable, Lender may, at its option, require immediate
<br />payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by
<br />Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If the Secured
<br />Indebtedness shows that Borrower's loa.n is assumable, Borrower must obtain Lender's written permission for an
<br />assumption and follow any other requirements of Lender related to an assumption. If Borrower does not do so,
<br />Lender may require immediate payment in full of all suxns secured by this Security Instrument.
<br />If Lender exercises tlus option, Lender shall give Borrower notice of acceleration. Tbe notice shall provide a
<br />, period of not less than the minimum number of days established by Applicable Law from the date the notice is
<br />delivered or mailed within which Bonower must pay all sums secured by this Security Instrument. If Borrower
<br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without furkher notice or demand on Borrower.
<br />Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other
<br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuattt to any power of sale
<br />contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those
<br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument
<br />and the Secured Indebtedness as if no acceleration had occurred; (b) cures any default of any other covenants or
<br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to,
<br />reasonable attor-neys' fees to the extent permitted by law; and (d) takes such action as I,ender may reasonably
<br />require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation
<br />to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower,
<br />this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under the section titled
<br />Transfer of the Property or a Beneficial Interest in Borrower.
<br />Sale of Secured Indebtedness Change of Loan Servicer. The Secured Indebtedness or a partial interest in the
<br />Secured Indebtedness (together with this Security Insirument) may be sold one or more times without prior notice
<br />to Borrower. A sale may result in a change in the entity (known as the "Loan Servicer") that collects periodic
<br />payments due under the Secured Indebtedness and this Security Instrument. There also may be one or more
<br />changes of ttie Loan Servicer unrelated to a sale of the Secured Indebtedness. If ihere is a change of the Loan
<br />Servicer, Borrower will be given written notice of the change in accorda.nce with the section titled Notices and
<br />Applicable Law. The notice will state the name and address of the new Loan Servicer and the address to which
<br />payments should be made. The notice will also contain any other information required by Applicable Law.
<br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of a.ny
<br />Hazardous Substances on or in the Properiy. Borrower shall not do, nor allow anyone else to do, anything affecting
<br />the Property that is in violation of any Environmental La.w. The preceding two sentettces shall not apply to the
<br />presence, use, or storage on the Property of small quantities of Hazardous Substances tha,t are generally recognized
<br />to be appropriate to normal residential uses and to maintenance of the Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is ttotified by any
<br />governmental or regulatory authority, that any removal or other remediation of any Hazardous Substattce affecting
<br />the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with
<br />Environmental Law.
<br />As used in this paragraph, "Hazardous Substances" are those substances definad as toxic or hazardous substances
<br />by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containixxg asbestas or fornialclehyde, and
<br />radiaactive materials. As used in_ this paragraph, "Environmental Law" means federal laws and laws of the state of
<br />Nebraska that relate to health, safety or environmental protection.
<br />Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration �'ollowing Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to a�celeration under the
<br />section titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Law provides
<br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date,
<br />not less than the minimum number of days estab8shed by Applicable Law from the date the not3ce is given
<br />to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the
<br />date specified in the notice may result in acceleration of the sums secured by this Security Instrument and
<br />sale of the Property. To the egtent permitted by law, the notice shall further inform Borrower of the right
<br />to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default
<br />or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date
<br />specified in the notice, Lende�r at its option may require immediate payment in full of all sums secured by
<br />tt►is Security Instrument without further demand and may invoke the power of sale and any other remedies
<br />permitted by Applicable Law. To the extent permitted by law, Lender shall be entitled to collect all
<br />egpenses incurred in pursuing the remedies provided in this 5ection, 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 default in each county in which any part of
<br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to
<br />Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable
<br />� 2004-2010 Compliance Systems, Ipc. EEOB-CB10 - 2010.03.378
<br />Consumer Real Estate - Security Instrument DL2036 Page 5 of 6 www.compliancesystema.com
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