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20110810G
<br />to JBorrow�r pursuant to Section I8 shal] be deemed to satisfy the noCice and opporttu►ity to talcc corr�ctive action
<br />pravisions of this Section 2{}.
<br />21. Hazardaus Substances. As used in tlnis Section 2&: (a) "Hazardaus Subst.ances° are thase substances
<br />defined as tolcic ar hazardous substances, pollurauits, `o� wastes by Envi�oum�enta.l %aw and the following substanc�:
<br />gasoliwe, kerasene, otlaer flaxz�naable ar toxic petroleum proclucts, toxic gesCici�les and herbicides, volatile salvents,
<br />materials contai�ung asbestas or formaldehyde, and radioactive materials; (b} "Env�ranmentaI L,aw" zxaeans federat
<br />laws and laws of the jurisdiction where the ProperCy is lacated that relate eo bealth, safety or envurarunental pratection;
<br />(c} "Environmenbl Cleamup" includes any response acrion, re�edial action, or remova� action, as defined in
<br />Bnviconmental I.aw; and {d) an "Enviranmental Condition" means a condiaon that can cause, contribuCe to, ar
<br />otherwise trigger an Erivironmantal Cleauup.
<br />Borcawer shall not cause or permit the presence, use, c�isposal, storage, or release of a�y Hazardous 5ubstapces,
<br />or tlxreaten to release any Hazardaus Substances, on or in the Property. �onower stiall nat do, nor alIow anyoae else
<br />to do, anything affecting ihe Property {a) that is in vialation of any Envirann►antal Law, (6} which creates an
<br />Enviranmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Su6stance, creates a
<br />condition that adversely affects the vatue of the Peoperty. The preceding two sentences shall not apply to the
<br />presence, use, or storage on the Property of small quarbtities of Hazardous Substances that are generaUy recognizsd
<br />to be appropriate ta normal residential uses �nd ta rnaintenance of the Properry (including, but nat limited ta,
<br />hazardous substances in consumer products).
<br />Barrower shall prompdy give Lender written notice of {a} any investigation, claim, demaad, lawsuit or otheg
<br />action 6y any govemmental or regulatory agency or private party involving the Property and any Hazardou� Substac►ce
<br />or Envu onmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not
<br />Limited to, any spzlling, Ieaking, ctischarge, retease or threat of release af any Hazardous Substance, and (c} any
<br />conditioia caused by the presence, use or release of a Hazardous Substance which adversely a€ffects the value of the
<br />Praperty. If Borrawer learns, or is notified by any gov�r�mental or regulatory authority, or any private party, that
<br />a�y �emoval or other rem�diation of any Hazardous Substance affecting the Properry is necessary, Borrower shal]
<br />prompdy take al� necessary remediat actions in accordance with Environtnental Law. Nothing herein shall create arry
<br />obligation on Lender for an EnviranmentaI Clea�tup.
<br />lVGN-UNIFORM CC}1PENAN'd'S. Borrower aad Lender fi►rther covenaut and ag,ree as follorws:
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower paior to acceleratton £aIIowing
<br />Boncower's breaci� o� ainy covenant or agreement in this Security Instrument (but not prior to aceeleration under
<br />Section 18 ualess Applic�ble 1Gaw pcovides otlaerwise). The notice shall specify: (a} the default; (b} the action
<br />required to cure the default; (c) a date, not less than 30 days �ro�a the date tl�e notace is glven to Borrower, by
<br />whtich the det'ault naust be cared; and (d) that failure ta cure the default on or before the date spec�[�ed in the
<br />notice may result fin accelerai3on of the sums secared by th�s Security Tnstrument aud sale of the Property. The
<br />notice shall fi�rther i�o.focm Bo�rrower o� the right to reinstate after acceleration and the right to bring s conrt
<br />adiun to s�serC the non-e�stenee of a defaulE or aay ather defense of Borrower to acceleration and sale. If the
<br />default is nut cured on or before the date speciffierl in the notice, Lee�der at its option may require imm►ediate
<br />payment in £ull of all sums seenred by this Secority Insiruinent withont furtb�er deemrrand and may invoke the
<br />power of sale and any other remedies �rermitted by Applicable Law. Lender sball ba entitled to collect all
<br />expenses incurred in pursuing rhe remedies provfded in t}�is Section 22, including, but nat limited to, rea�nable
<br />attorneys' fee.s and casts of title evideuce.
<br />' If the pawer of sale is i�aeaked, Trustee shall recard a nutice af dePault in each county in which any part
<br />of the Property is 1�ated and shall wafl cop'res o£ sacl� e�obice in tLe manner prescribed by Applicable Law to
<br />Borrower and to the other persons grescribesi by tlpplicable I.aw. After the Yime required by Applicable Law,
<br />Trustee shatl give public nolace of sale tn the persons and in the maa�ner psc�eribed by Applacabie lGaw. Trustee,
<br />without demanai an Borrower, shall seil th� �rapea�t� a� public auction ��lhe hagh� badder at ths time anc�
<br />place and under the terms designated in tlae nobice of sale an oa�e or tnose parcels and iae any oi'der Trustee
<br />detcrmines. 1�ustee tnaY Postpane sale of aU or auy parcel of th.e I'roP�'tY �Y Public announcement at the Binme
<br />and place of any previously schedu�ed sala Lender or its designee may pwrchase the l'roperty at any sale.
<br />Upon receipt of payment of the price bid, Trustee shat! deliver to the purehaser Trustee's deed conveY[ng
<br />the Propert�. The recitals in the x'c�ustee's deecl shall be prima facie evidence of the truth of ti�e statements
<br />made tberein. Txvstee shalt apply tb�e proce�ds of the sale in the following ozder: (a) to all casts and expanses
<br />of exercising the power pf sale, and the sale, including the paymenC of tLe Trustee's fees actualiy incurred and
<br />reasonable attorneys' fees as permitted by Applirable Law; (6) to aII sums secured by this Securliy Instrument;
<br />and' (c} any excess to the person or persons legaUy entatled to i�.
<br />23. Reconveyance. Upon payznent of alI sums securedby this Security Iustrumen�, Lender shaU request Trustee
<br />to reconvey the Propercy and shall surrender this Security Insiru�nent and all notes evidencing debt secured by this
<br />Security Instrument to Trust�. Trustee shall re�onvey the Property wi#hout warranty to the persan or persans legally
<br />entitled ta iG Such gerson ar persons shall pay amy recordation costs. ]Lender may charge such person or persons a
<br />Pee for reconveying the Property, but only if tbe fee fs paid to a third pazty {such as the Trustee) for services rendered
<br />and the charging of the fee is permitted under Appliaable Law.
<br />24. Su6stitute Tivstee. Lender, at its opdon, may from time to ti.�ae aemove Trustee aad appoint a successor
<br />uust� to any Trusrse appointed hereunder by an instrument recorded in the county in which this Security Inscrument
<br />is recorded. Without conveyance of the Property, the sriccessor t�ustee shall suceeed ta all the title, power and duNes
<br />conferred ugon Trustes herein and by Applicabla Law.
<br />NEBRASKA—Singie Family--Fannte Mse/Freddie Mac UNI�ORM INSTRUMFIVT - MERS DocJyeyle
<br />Form 3028 1l01 Page 8 of 11 www.docmagdc.com
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