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� 201207541
<br /> Applicable L,aw provides a time period which must elapse before certain action can be taken, that[ime
<br /> period will be deemed to be reasonable for pucposes 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 corrective
<br /> action provisions of this Section 20.
<br /> 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br /> substances detined 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,volaCile solvents,materials containing asbestos or formaldehyde.and radioactive materials;
<br /> (b) "Environmental L,aw" means federal laws and laws ofthe jurisdiction where the Property is located
<br /> tliat 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. Borrower shall not
<br /> do,nor allow anyone else to do,anything affecting the Property(a)that is in violation of any Environmental
<br /> I,aw, (b)which creates an Enviromnental Condition,or(c)which, due to the presence, use,or release of
<br /> a Hazardous Substance,creates a condition that adversely afFects the value ofthe Property.The preceding
<br /> two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
<br /> Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br /> maintenance of[he Property(including,but not limited to,hazardous substances in consumer producls).
<br /> Borrower shall prompUy 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 Enviromnental Law of which Borrower has acwal knowledge, (b)any
<br /> Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or thrca[
<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 aftects the value of the Property. If Borrower learns,or is no[ified
<br /> by any governmental or regulatory authority,or any private party,[ha[any removal or other remediation
<br /> of any Hazardous Substance afT'ecting the Proper[y is necessary, Borrower shall promptly take all necessary
<br /> remedial actions in accordance with Gnvironmental 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 Burrower prior to acceleration
<br /> following Borrower's breach of any covenant or agreement in this Security Instrument (but
<br /> not prior to aceeleration under Section 18 unless Applicable Law provides otherwise). The
<br /> notice shall specify: (a) the defaulh (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 wre the default on or before the date specified in the notice
<br /> may result in acceleratian 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 /> 13P�29]001
<br /> NEBftASKA-Single Family-Fannie Mae/Fretltlie Mac UNIFORM INSTRUMENT ��,� , Porm 3028 1l01
<br /> VMP� , 03/11
<br /> 4Wlters Kluwe�Financial Services 20120829M1.00.04002J20110628V Inilials Paqe 14 of 1]
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