Laserfiche WebLink
201302767 <br /> Neither Borrower nor Lender may commence,join, or he joined to any judicial action (as either an <br /> individual litigant or the member of a class) that arises from the other party's actions pursuant to this <br /> Security Instrument or that alleges that the other party has breached any provision of, or any duty owed <br /> by reason of, this Security Instrument,until such Borrower or Lender has notified the other party(with <br /> such notice given in compliance with the requirements of Section 15)of such alleged breach and afforded <br /> the other party hereto a reasonable period after the giving of such notice to take corrective action. If <br /> Applicable 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 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 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. 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 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 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 Borrower 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 Property.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 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 /> 1186103147 <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01 <br /> VMP® <br /> V4N �,�1'4Y- k 03/11 <br /> leis Kluwer Financial Services 201303184 0 0 0 4002-J20110929Y Initials P ' Jk Page 14 of17 <br /> IIUIIHIII 7 <br /> II 11 111 <br />