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<br />Applicable Law provides a time period which must elapse before certain action can be ta.ken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 a.nd the notice of acceleration given to
<br />Borrower pursuant to Section 1 S shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazaxdous Substances" are those
<br />substances defined as tolcic or hazardous substances, pollutants, or wastes by Environmental Law and
<br />the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />a.nd herbicides, volatile solvents, materia]s containing asbestos or formaldehyde, a.nd radioactive materials;
<br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Properly is located
<br />that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any
<br />response action, remedial action, or removal action, as defined in Environmental Law; and (� an
<br />"Environmental Condition" mea,ns a condition that can cause, contribute to, or otherwise trigger an
<br />Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazazdous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Properly. Borrower shall not
<br />do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of
<br />a Hazardous Substa.nce, 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 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
<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 B orrower has acival knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, relea.se 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 wluch adversely affects the value ofthe Properly. If Borrower learns, or is notified
<br />by any governmental or regulatory authority, or any private party, that any removal or other remediation
<br />of any Hazardous Substa.nce affecting the Properly is necessary, Borrower 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. Bonower and Lender further covenant and agree as follows:
<br />22. Acceleration; Remed'tes. Lender shall give notice to Borrower prior to accelera�on
<br />following Borrower's breach of any covenant or agreement in this 5ecurity Instrument (but
<br />not prior to acceleration under 5ection 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 secured by this Security Instrument and sale of the
<br />Property. The notice shall further inform Borrower of the right to reinstate after acceleration
<br />HCFG00359
<br />NEBRASKASingle Family-Fannia Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281/01
<br />VMP� OB/11
<br />Wolters Kluwer Financial Servicas 201201184.0.0.0.4002-J20110624Y Page 14 of 16
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