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201107506
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Last modified
10/7/2011 4:10:20 PM
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10/7/2011 4:10:19 PM
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DEEDS
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201107506
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20�i4750G <br />sentences shall not apply to the presence, use, or storage on the Property of small quantiries of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />action by any governmental or regulatory agency or private party involving the Property and any Hazardous <br />5ubstance or Environmental Law of which Bonower has actual �owledge, (b) any Environmental <br />Condirion, including but not limited to, any spilling, leaking, dischazge, release or threat of release of any <br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous 5ubstance <br />which adversely affects the value of the Property. If Bonower learns, or is norified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous 5ubstance <br />affecting the Properly is necessary, Borrower shall promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Borrower and Lender covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to aeceleration following <br />Borrower's breach of any covenant or agreement in this 5ecurity 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 wluch the default must be cured; and (d) that failure to cure the <br />default on or before the date sp�ified in the notice may result in acceleration of the sums s�ured by <br />this S�urity 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-eavstence of a <br />defaWt or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specifYed in the notice, Lender at its option may require immediate payment in full of <br />all sums secured by this S�urity Instrument without further demand and may invoke the power of sale <br />and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses <br />incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is invoked,l�ustee shall record a notice of default in each county in wluch any <br />part of the Property is located and shall mail copies of such notice in the manner prescrib� by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law,l�ustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trust�, without demand on Borrower, shall sell the Property at public <br />auction to the lutghe.st bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trust� determ4nes. Trustee may postpone sale of all or any <br />parcel of the Properly by public announcement at the time and place of any previously scheduled sale. <br />LEnder or its designee may purchase the Property at any sale. <br />Upon r�eipt of payment of the price bid,1 rust� shall deliver to the purchaser 1Yvst�'s deed <br />conveying the Property. The recitals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Truisstee shall apply the proceerls of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustce's fees actually incurred and reasonable attorneys' fces as permitted by Applicable Law; (b) to <br />all sums s�ured by this Security Instrument; and (c) any excess to the person or �rsons legally <br />entitled to it. <br />NEBRASKA-Single Famfly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMPB(NE) (1106) <br />Woltera Kluwer Financlal Services Pege 14 of 17 <br />
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