201108404 - Laserfiche WebLink

Browse

2 411084U4 sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazazdous Substance or Environmental Law of which Borrower has actual lrnowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, dischazge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authoriry, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmentat Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. Nan-Uniform Covenants. Borrower and Lender covenant and agree as follows: 22. Acceteration; Remedies. Ler�der shalt give notice to Borcower prior to acxeleration foliowing Borrower's breach of any covenant or agreement in thu Security Instrument (but not prior to aceeleration under Section 18 untess Applieable Lavr provides otherwise). The notice shali speciPy: (a} the defau}t; (b) the aetion 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 c�f�utt me�st be cured; and (d) that failure to eure th�e defaeitt on or before the date speci�ed in the �otice �nay resutt in acceleration of the sums s�ured by thks Security L�Erume�t a�d sate of tbe Property. � rn►tice shaii further i�tform Borrower of the riglit to reir�state a�er acceteratron and the rigi►t to bri� a eourt action ta assert t� non-existenee e►f a c�fault or any other cle�'e�se of Borrower to aec:E:lerat�n and sa1e. If the c�fanit i.c not cured crn or before the date spee�fieci in the notiee, Lencler at its option may rec�ture immediate payment in f�l of a�l1 su�ts see�red by tbi.s SecuriEx Instrument �vithcwt t`ECrEher cie�cand and may invvke the power of sale and any other remedies permitted by Applic�ib�e Law. I.ender shall be entitlec� to coilect ail expenses i�curred in pursuing the remeclies proveded in this Seetion 22, including, but not limited to, reasans�ble attorneys' fees ar►d costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county ix� which any part of the Property is located and sh�ll mail co�es of such notice in the manner prescribed by Appticable Law to Borrower and to the othear persons prescribed by Applicable Law. After the time required by Applicable Law, Trust� shall give public notice oP sale to the persons and in the manr�r prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the PropeMy at pubtic auetion to the highest bidder at the time and place and under the terms designated in tbe notice of sate in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public aunouncement at the time and place af any previously sched�tled sale. Lender or its designee may purchase the Property at any saie. Upon receigt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The r�itals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall appty the prceeeds of the sale in the following order: (a) to al1 costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMP6INE) (1105) Wokers Kluwer Financiat Services . Page 14 of 17 .. i �. i� � � . ,� � � � ..� } : *w.