Laserfiche WebLink
201201�0� <br />in the Property and rights under this Secutity 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 Security Instrument, <br />and Bortower's obligation to pay the smns secured by this Security 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 ch�k, bank check, treasurer's check or <br />casluer's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentality or entity; or (d) Elec9ronic Funds Tiansfer. Upon reinstatement by Bortower, <br />this S�urity Instrument and obligations secwed hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleiation under Section 18. <br />20. Sale of Note; Changeof LoanS�rvlcer; [Votic� af Grl�vance.The Note or a partial interest in the <br />Note (together with this Security Inshvment) can be sold one or more tunes without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan 5ervicer'� that collects Periodic <br />Payments due under the Note and this S�urity Inshument and performs other mortgage loan servicing <br />obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan 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 wlvch will state the name and addregs 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 ie sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the pw�chaser of the Note, the mortgage loan servicing obligations to Borrower will <br />remain with the Loan Servicer or be ttansferred to a euccessor Loan Servicer and are not assumed by the <br />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 <br />Security Inatrument or that alleges that the othet parly has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Bortower or Lender has notified the other parly (with such <br />notice given in compliance with the requirements of Section 15) of such alleged bre,ach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take con�tive action. If Applicable <br />Law 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 opporhmity to cure <br />given to Bonower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to <br />Secrion 18 shall be deemed to sarisfy the notice and opporlunity to take coaective acrion provisions of t}us <br />Section 20. <br />21. HazardousSubstances.As used in ttris Section 21: (a) "Hazardous Substances" are those substances <br />defined as toxic or hazardous substance.s, pollutants, or wastes by Environmental Law and the following <br />substaaces: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, <br />volatile solvents, materials containing asbestos or formaldehyde, and radioacrive materials; (b) <br />"Environtnental Law" means federal laws and laws of the jurisdiction where the Ptoperly is located tba4 <br />relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environmental Law; and (c� an "Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, stoiage, or release of any Hazardous <br />Substances, or threaten to release any Hazardous Substances, on or in the Ptopetly. Bortower shall not do, <br />nor allow anyone else to do, anything affecting the Properly (a) that is in violation of any Environmental <br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a <br />Hazard Substance, creates a condirion that adversely affects the value of the Property. The preceding two <br />NEBRASKASingle Family-Fennie Mae/Freddfe Mac UNIWRM INSTRUMENT <br />VMP � <br />Woiteta {Quwer F(rtancial Servlcea <br />Fonn 30� aro1 <br />VMPB(NE) (1106).00 <br />Pege 13 of 17 <br />1 1 <br />� <br />