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201108436
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201108436
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Last modified
11/9/2011 8:33:13 AM
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11/9/2011 8:33:12 AM
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DEEDS
Inst Number
201108436
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�oiio�43s <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Properry (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 govemmental or regulatory agency or private party involving the Property and any Hazardous <br />Substance or Environmentat Law of which Bonower has actual knowledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance <br />which adversely affects the value of the Property. If Borrower learns, or is notified by any govemmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Sorrower sha11 promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothiug herein sha11 create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Borrower and Lender covenant and agree as foliaws: <br />22. Acceteration; i�emecties. Lender shall give �tice to Borrower prior to acceleration fo}lowing <br />Borrower's breach of any cove�nt or �greeme�zt in this Sece�rity I�strurt�ent (but uat prior to <br />aceel�t� ur�er Section 28 unless .4pplicabk Law provit� otherwise}. The ttotice shall specify: f a) <br />the defaeilt; @) the action required to �re the default; (c} a date, rn►t less tlsan 3t! days fro� the date <br />the not�e is given to Borrower, by which the default must be eured; and (d) that failure to cure t�e <br />�fautt on � before the date specified in the nc�Eice inay resuit in aece,�exation of the sums secured by <br />this Sceurity Instrurr►eSt and sale of the Fc�uperty. The r�otiee s�t turther inform Bc►rrower of tLe <br />rigLt to reinstate after �celeratio� ar�ai t�he rig6t Eo bring a court aetios to assert tl�e non-exist�ce of a <br />defiae�t or �ny other defense of Bbrro�ver to accejeration a�i sale. If t�e cietault ��xrt cru�ed � or <br />before the date speeifed in the �►at�e, LQnder at its option �y ree�ire immedi�te p�yment i� full ot <br />ait sums seeured by this Security Ie�tree�t witE�oe►t f�trther de�naa�i a�d may i�voke t�ie power of sale <br />and any ot�r remedies permitted by Ap�icable Law. Lenc�r shail be eutitled to collect a!I �penses <br />inc�rred in gursuing the remedics p�vified in this Section 22, i�luc�ing, but not limited W, reaso�aMe <br />attorneys' fees aud crosts of title evidence. <br />If tEie power of sale is invoked, Trustee shail record a notice of ckfa�it in each ceunty in which any <br />part of the Froperty is Iocated and shall maii copies of such natieee in the �e�er prescribed by <br />Apglicable Law to Borrower and to the other persons prescrebed by Applirable Law. After the ti�ne <br />reqaired by Applicabie Law, Trust� shalt give public notice of sate to the persons and in the maener <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at pubiic <br />auction to the highest bidder at the time ancl place and under the terms designated in the notice a€ saie <br />in ane or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parce! of the Property by public announcement at the time and place of any previously schedu}ed saie. <br />Lendear ar its designee may pnrchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the pt�rchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shatl be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds 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 />Trustee's fees aetually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Secarity Instrument; and (c) any excess to the person or persans legally <br />entitled to it. <br />NEBRASKA-Singie Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101 <br />VMP � VMP6INE) (1105) <br />Wohers Kluwer Financial Services Page 14 of 17 <br />4 i <br />� � ; r � �' ,� <br />
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