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20110867�
<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 rea.sona.ble for purposes of this para.graph. 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 opporlunity to take conective
<br />action provisions of this Section Z0. .
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toJCic or hazardous substances, pollutants, or wastes by Environmental Law and
<br />the following substances: gasoline, kerosene, other fla.mmable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, a.nd radioactive materials;
<br />(b) "Environmental Law" mea.ns federal laws and laws of the jurisdiction where the Properly is located
<br />that relate to health, safety or environmenta.l 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 tha.t 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 Substa.nces, on or in the Properly. Bonower shall not
<br />do, nor allow anyone else to do, anything a�ecting the Properiy (a) that is in violation of any Environmenta.l
<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 sma.11 quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Properiy (including, but not limited to, hazaxdous 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 Errvironmental 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, a.nd (c) any condition caused by the presence, use or release of
<br />a Hazardous Substance which adversely affects the value of the Properiy. If B onower 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 sha.11 create any obligation on
<br />Lender for an Environmental Cleanup.
<br />Non-Uniform Covenants. Borrower and Lender fiuther covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender ahall give notice to Borrower prior to acceleration
<br />following Borrower's breach of any covenant or agreement in this Security Instrument (bnt
<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 defanit 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 tlus 5ecurity Instrument and sale of the
<br />Property. The notice shall further inform Borrower of the right to reinstate after �cceleration
<br />HCFG-00359
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />�p� 03J11
<br />Wolters Kluwer Financfel Servl�a 201111084.0.0.0.4002-J20110525Y Page 14 oi 16
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