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201502651
<br /> LOAN#: 1503EM098059
<br /> Neither Borrower nor Lender may commence,join, or be 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 ta 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
<br /> and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic
<br /> pesticides and herbicides,volatile solvents,materials containing asbestos orformaldehyde,and radioactive
<br /> materials; (b)"Environmental Law" means federal laws and laws of the jurisdiction where the Property
<br /> is located that relate to health,safety or environmental protection; (c)"Environmental Cleanup"includes
<br /> any 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
<br /> not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any
<br /> Environmental Law, (b)which creates an Environmental Condition, or(c)which, due to the presence,
<br /> use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the
<br /> Property.The preceding two sentences shall not apply to the presence, use,or storage on the Property
<br /> of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal
<br /> residential uses and to maintenance of the Property(including,but not limited to,hazardous substances
<br /> in consumer products).
<br /> Borrower shall promptly give Lender written notice of(a)any investigation, claim, demand, lawsuit
<br /> or other action by any governmental or regulatory agency or private party involving the Property and
<br /> any 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
<br /> of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is
<br /> notified by any governmental or regulatory authority, or any private party, that any removal or other
<br /> remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly
<br /> take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create
<br /> any obligation on 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 not
<br /> prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice
<br /> shall speciTy: (a)the default; (b)the action required to cure the default; (c) a date, not less than
<br /> 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br /> and (d) that failure to cure the default on or before the date specified in the notice may result
<br /> in acceleration of the sums secured by this Security Instrument and sale of the Property. The
<br /> notice shall further inform Borrower of the right to reinstate after acceleration and the right to
<br /> bring a court action to assert the non-existence of a default or any other defense of Borrower
<br /> to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br /> Lender at its option may require immediate payment in full of all sums secured by this Security
<br /> Instrument without further demand and may invoke the power of sale and any other remedies
<br /> permitted byApplicable Law.Lender shall be entitled to collect all expenses incurred in pursuing
<br /> the remedies provided in this Section 22, including,but not limited to,reasonable attorneys'fees
<br /> and costs of title evidence.
<br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which
<br /> any part of the Property is located and shall mail copies of such notice in the manner p�escribed
<br /> by Applicable Law to Borrower and to the other persons prescribed by Applicable Law.After the
<br /> time required by Applicable Law,Trustee shall give public notice of sale to the persons and in the
<br /> mannerprescribed byApplicable Law.Trustee,withoutdemand on Borrower,shall sell the Property
<br /> at public auction to the highest bidder at the time and place and under the terms designated in the
<br /> notice of sale in one or more parcels and in any order Trustee determines.Trustee may postpone
<br /> sale of all or any parcel of the Property by public announcement at the time and place of any
<br /> previously scheduled sale. Lender or its designee may purchase the Property at a sale.
<br /> Initials: �
<br /> NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br /> Ellie Mae,mc. Page 10 of 12 NE EED 0315
<br /> NEEDEED
<br /> 04/17/2015 10:21 AM PST
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