201106300 - Laserfiche WebLink

Browse

��11�6300 by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazatdous Substance affecting the Properly 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. NON-UNIFORM COVENAl�i'I'S. Bonower and Lender further covenant and agree 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 Instrament (but not prior to acceleration nnder 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 which the defanit must be cured; and (d) that failnre to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrament 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-ezistence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date spec�ed in the notice, Lender at its option may require immediate payment in fnll of all sums secured by t}us Security Instrument withont further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all ezpenses incurred in pursuing the remedies provided in this Section 22, inclnding, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each connty in which any part of the Property is located and shall mail copies of snch 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 pnblic 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 highest bidder at the time and place and nnder the terms designated in the notice of sale in one or more parcels and in any order Trastee determines. Trastee may postpone sale of all or any parcel 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, Trustee shall deliver to the pnrchaser Trustee'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 proceeds of the sale in the following order: (a) to all costs and ezpenses of ezercising the power of sale, and the sale, including the payment of the Trastee's fees actaally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secnred by tlus Secnrity Instrument; and (c) any ezcess to the person or persons legally entitled to it 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Properly and shall sunender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee 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. Substitate Trastee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Tnxstee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Reqnest 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 MaelFreddie Mac UNIFORM �-6(NE) �oe� �� Page 13 of 15 �Form 3028 1l01