Laserfiche WebLink
201�4229� <br />in the Properiy 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 Security Instrument, <br />and Bonower's obligation to pay the sums secured 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 che,ck, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits aze insured by a <br />federal agency, instrumentality or entity; or (d) El�tronic Funds Transfer. Upon reinstatement by Borrower, <br />this 5ecurity Instnunent and obligafions se�ured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 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 />Bonower. A sale might result in a change in the entity (lmown as the "Loan Servicer'� that coll�ts Periodic <br />Payments due under the Note and this Security Instnunent and performs other mortgage loan servicing <br />obligarions under the Note, this Se�urity 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 />Bonower 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 RFSPA requires in <br />conn�tion with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will <br />remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assum� 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 lirigant or the member of a class) that arises from the other party's actions pursuant to this <br />Security 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 Borrower or Lender has norified the other party (with such <br />notice given in compliance with the requirements of Section 15) of such allegefl breach and affordefl the <br />other parly hereto a reasonable period after the giving of such norice to take conecrive acrion. If Applicable <br />L.aw provides a time period which must elapse before certain action can be taken, that time period will be <br />d�merl to be reasonable for purposes of this paragraph. The norice of accelerarion and opportunity to cure <br />given to Borrower pursuant to S�tion 22 and the norice of acceleration given to Bonower pursuant to <br />Section 18 shall he de�med to sarisfy the notice and opportunity to take conecrive action provisions of this <br />S�tion 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 <br />substances: 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 />"Environmerctal Law" means federal laws and laws of the jurisdiction where the Properiy is located that <br />relate to health, safety or environmental protection; (c) "Environmental Cleanup" includ� any response <br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental <br />Condition " means a condition that can cause, contribute tq or otherwise trigger an Environmental Cleanup. <br />Bonower 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 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 />Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two <br />NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wokers Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6(NE) 11105) <br />Page 13 of 17 <br />