201105964 - Laserfiche WebLink

Browse

��m�L��.��?j �Q110596� �o1�.oi�s� by any governmental or regulatory authority, or any private party, that any removal or other remediarion of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. o NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agr� as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (t�ut 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 wluch the default must be cured; and (d) that failure to cure the default on or before the date speci�ed in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to brin� a court action to assert the non-e�stence 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 op�on may require immediate payment in fu� of all sums secured by this Security Instrument without further demand and may invoke the pc�wer of sale and any other remedies permitted by Applicable Law. Lender shall be entitled tci collect at1 expenses incurred in pursuing the rem�ies provided in this Section 22, including, but na# limit�cl to, reasonable attorneys' fces and costs of title evidence. If the �wer of sale is invoked, Trustee shall record a noHce of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribal by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law,lYustee shall give public nofice 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 highest 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 post�ne sale of ai1 or any parc�l of the Property by public announcement at the time and place of any previously schednled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustce shall deliver to the purchaser Trust�'s deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the procceds of the saie in the following order: (a) to all costs and elcpenses of exercising the power of sale, and the sale, including the paymeat of the 1Yustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (t�) to all sums secured by this Security Instrument; and (c) any excess to the person or peisons legaily entitl� to it. 23. Reconveyance. Ugon payment of all sums secured by this Security Instnament, i.ender sta� reqttiest 3'iustee to r�nvey the Property and shall surrender this Security Instrument aiad a�,1 �s evidencing debt secured by this Security Instrument to Trust�. Trustee shall reconvey the �fiy without warranty to the person or persons legally entitled to it. Such person or persons shall pa� aa3� recordarion costs. I.ender may charge such person or persons a fee for reconveying the Properly, but only if the fee is paid to a third pariy (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 time to time remove Trust� and appoint a suc.cessor trust� to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Properly, the successor miste� shall succced to all the title, power and duries conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower 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 INSTRUMENT �-6(NE) los� �1 Page 13 of 15 Init�ais: Form 3028 1/O1 �