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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 <br />•1 11 6' <br />