|
201206523
<br /> Appiicable Law provides a time period which must elapse before certain action can be taken,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 and the notice of acceleration given to
<br /> Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take correclive
<br /> action provisions ofthis Section 20.
<br /> 21.Hazardous Substances.As used in this Section 2L•(a)°Hazardous Substances"are those
<br /> substances defined as toxic 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 /> and herbicides,volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials;
<br /> (b)"Environmental Law"means federal laws and laws of the jurisdiction where the Property 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(d)an
<br /> "Environmental Condition"means 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 Hazardous
<br /> Substances,or threaten to release any Hazardous Substances,on or in the Property.Bonower 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 Substance,creates a condition that adversely affects the value of the Property.The preceding
<br /> two sentences shall not apply to the presence,use,or storage on the Property of smal]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 Borcower has actual knowledge,(b)any
<br /> Environmental Condition,including but not limited to,any spi(ling,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 Property.lf Borrorver 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 Substance affecting the Property is necessary,Borrower shall promptly take 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 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 /> 1199296983
<br /> NEBRASKA-Single Family-Fannie Mae/Fredtlie Mac UNIFORM INSTRUMENT �� C, Form 3028 7/01
<br /> �•J 09/10
<br /> VMP�
<br /> Wolters Kluwer Financeal Sernces 201207134 D 0 0 4002J20110209Y Inihals / Page 14 of 17
<br /> ' D1199 96 11 3`
<br /> IIIIIIIII�IIIIIIIIIIIIIIIIIIIIIIIIII IIIIIII III III IIIIIIIIIIIIIIIIIIIIIIIII�IIIIIIIIIIII
<br />
|