|
�Q�200�3�
<br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may
<br />reasonably require to assure that Lender's interest in the Property and rights under this S�urity Instrument,
<br />and Borrower's obligation to pay the sums s�ured by this S�urity Instrument, shall continue unchanged.
<br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following
<br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's ch�k or
<br />cashier's check, provided any such check is drawn upon an insritution whose deposits are insured by a
<br />federal agency, instrumentality or entity; or (d) El�tronic Funds Transfer. Upon reinstatement by Borrower,
<br />this S�urity Instnunent and obligations se�ured hereby shall remain fully effective as if no accelerarion had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under S�tion 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br />Note (together with this Security Instnunent) can be sold one or more times without prior notice to
<br />Borrower. A sale might result in a change in the entity (l�own as the "Loan Servicer'� that coll�ts Periodic
<br />Payments due under the Note and this Se�urity Instrument and performs other mortgage loan servicing
<br />obligations under the Note, this 5ecurity Instrument, and Applicable Law. There also might be one or more
<br />changes of the I.oan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer,
<br />Borrower will be given written notice of the change which will state the name and address of the new Loan
<br />Servicer, the address to which payments should be made and any other information RESPA requires in
<br />connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is servic,ed by a
<br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Bonower will
<br />remain with the Loan Servicer or be transferred to a successor Loan Servicer and aze not assumed by the
<br />Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Bonower nor Lender may commence, join, or be joinefl to any judicial acrion (as either an
<br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this
<br />S�urity Instrument or that alleges that the other party has breachefl any provision of, or any duty owed by
<br />reason of, this Security Instrument, until such Bonower or Lender has notified the other party (with such
<br />notice given in compliance with the requirements of Secrion 15) of such alleged breach and afforded the
<br />other party hereto a reasonable period after the giving of such norice to take con�tive acrion. If Applicable
<br />Ia�v provides a time period which must elapse before certain acrion can be taken, that time period will be
<br />deemed to be reasonable for purposes of this paragraph. The norice of acceleration and opportunity to cure
<br />given to Bonower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to
<br />Secxion 18 shall be d�med to satisfy the notice and opportunity to take conective action provisions of this
<br />S�tion 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" aze those substances
<br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following
<br />substances: gasoline, kerosene, other flammable or toxic petroleum praducts, toxic pesticides and herbicides,
<br />volatile solvents, maier�als containing asbestos or formaldehyde, and radioactive materials; (b)
<br />"Environmental Law" means fe�eral laws and laws of the jurisdiction where the Properly is loca�i r�at
<br />r+elate to heaith, safety or environmental prote�tion; (c) "Environmental Cleanup" includes any res�nse
<br />action, remeflial aetion, or removal action, as define�i in Environmental Law; and (d) an "Environmental
<br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />�rrower 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 Progerty. Bonower shall not do,
<br />nor allow anyone else to do, anything affecting the Property (a) that is in violarion of any Environmental
<br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition that adversely affects the value of the Property. The pr�:eding two
<br />NEBRASKA-Si�le Family-Fannie MaelFreddie Mac UNIFORM �NSTRUMENT Form 3026 1/01
<br />VMP � VMP61NE1 (7105)
<br />Wolters Kluwer Financial Services Page 13 of 17
<br />
|