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200306834 <br />obligations to Borrower will remain with the Loan Service, or be transferred to a successor Loan Service, and are <br />not assumed by the Note purchaser unless otherwise provided by the Note purchaser. <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 Security <br />Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this <br />Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in <br />compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a <br />reasonable period after the giving of such notice to take corrective action. HApplicable Law provides a time period <br />which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes <br />of this paragraph- The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and <br />the notice of acceleration given to Burrower pursuant to Section 18 shall he deemed to satisfy the notice and <br />oppornmiry, to take corrective action provisions of this Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances <br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: <br />gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, <br />b <br />materials containing asbestos or fomleh e, and radioactive materials; O " Environmental Law" means federal <br />laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental <br />protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as <br />defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute <br />to, or otherwise trigger an 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 do, nor allow <br />anyone else to do, anything affecting the Properly (a) that is in violation of any Environmental Law, (b) which <br />creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance <br />creates a condition that adversely affects the value of the Property. The preceding two sentences shall out apply to <br />the presence, use, or storage on the Property of small quantities of 'Hazardous Substances that are generally <br />recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not <br />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 Hazardous <br />Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, <br />including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, <br />and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the <br />value of the Property. If Borrower teams, or is notified by any governmental or regulatory authority, or any private <br />party.. that any removal or other remediation of any Hazardous Substance affecting the Property 1s necessary, <br />Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing <br />herein shall create any obligation on Lender fur an Environmental Cleanup. <br />NON - UNIFORM COVENANTS. Borrowcrmil Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration <br />under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the <br />action required to cure the default; (e) a date, not less than 30 days from the date the notice is given to <br />Burrower, by which the default must be cured; mid (d) that failure to care the default on or before the date <br />specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of <br />the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the <br />right to bring a court action to assert the nonexistence of a default or any other defense of Borrower to <br />acceleration and sale. If the default is not cured on or tefore the date specined in the notice, Lender at its <br />option may require Immediate payment in full of all sums secured by this Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. <br />Lender shall he entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, <br />Including, but not limited to, reasonable attorneys' tees and costs of title evidence. <br />NEBRASKA — Single Family— Pannie M— lFredtlie Mac UNIFORM INSTROHENT /��Fa-300281101 (Mgellojrtraaea) <br />- . <br />m1111,i ",C .orvl Borrowu (/ lnitiale tk' 01:1 <br />, 1 /1112.3 <br />Vet 1 <br />