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201�09583
<br />Applicable Law provides a time period which must elapse before certain a.ction can be taken, that time
<br />period will be deemed to be reasona.ble for purposes of this paragraph. The notice of a.cceleration and
<br />opportunity to cure given to Bortower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this 5ection 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substa.nces defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and
<br />the following substances: gasoline, kerosene, other flammable or toxic peiroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
<br />(b) "Environmental Law" mea.ns federal laws and laws of the jurisdiction where the Properiy is located
<br />that relate to health, safety or environmental protection; (c) "Em�ironmental Clea.nup" includes any
<br />response action, remedial action, or removal action, as defined in Environmental Law; and (d) an
<br />"Environmental Condition" means a condition that can cause, coniribute to, or otherwise trigger an
<br />Environmental Cleanup.
<br />Borrower sha.11 not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release a.ny Hazardous Substances, on or in the Property. Bonower shall not
<br />do, nor a11ow anyone else to do, anything affecting the Property (a) tha.t is in violation of any Environmental
<br />Law, (b) which creates a.n Environmental Condition, or (c) which, due to the presence, use, or release of
<br />a Hazardous Substance, creates a condition that adversely affects the value of the Properly. The preceding
<br />two sentences shall not apply to the presence, use, or storage on the Properly of small quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Properiy (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
<br />other action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or Environmental Law of which Bonower has actual knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat
<br />of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of
<br />a Hazardous Substance which adversely affects the value of the Properly. If B onower learns, or is notified
<br />by any governmenta.l or regulatory authority, or any private party, that any removal or other remediation
<br />of any Hazardous 5ubstance affecting the Properiy is necessary, Bonower shall promptly ta,ke all necessary
<br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on
<br />Lender for an Environmental Cleanup.
<br />Non-Uniform Covenants. Borrower and Lender further covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration
<br />following Borrower's breach of any covenant or agreement in this Security Instrument (but
<br />not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The
<br />notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not
<br />less than 30 days from the date the notice is given to Borrower, by which the default must
<br />be cured; and (d) that failure to cure the default on or before the date specified in the notice
<br />may result in acceleration of the sums secnred by this Security Instrument and sale of the
<br />Property. The notice shall further inform Borrower of the right to reinstate after acceleration
<br />HCFG-00359
<br />NEBRASKASingle Femlly-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1l01
<br />VMP� 08/11
<br />Wokers Kluwer Financial Servic�s 201112134.0.0.0.4002J20110624Y Paga 14 oi 16
<br />5 1'
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