201205251
<br />in the Properiy and rights under this Security Insintment; and (d) takes such action as I.ender may
<br />reasonably require to assure that Lender's interest in the Property and rights und�er this Security instrument,
<br />and Borrower's obligation to pay the sums secured by this Security Instxument, shall continue unchanged.
<br />Lender may require that Bonower 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 check or
<br />cashier'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) Electronic Funds Transfer. Upon reinsta.tement by Borrower,
<br />this Security Inshument and obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurr�d, However, this right to reinstate shall not apply in the case of acceleration under Section 18.
<br />20. S�le of Note; Change of Lo�n Servicer; Notice of Grievance. The Note or a partial interest in the
<br />Note (together with this Security Instrument) ca.n be sold one or more times without prior notice to
<br />Borrower. A sale might result in a change in the entity (known as fhe "Loan Servicer'� that collects Periodic
<br />Payments due under the Note and this Security Instrument 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 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 RF.SPA requires in
<br />connection with a notice of transfer of servicing. ff the Note is sold and thereafter the Loan is serviced by a
<br />I,oan Servicer other than ttie purchaser of the Note, the mortgage Ioan servicing obligations to Borrower will
<br />remain with the Loan Servicer or be transferred to a successor Loan 5ervicer 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 patty's actions pursuant to this
<br />5ecurity Instrument or that alleges that the other party has breached any provision of, or any duty owed by
<br />reason of, this Security Instrument, until such Borrower or Lender has notif'ied the other party (with such
<br />notice given in compliance with the requirements of Section IS) of such alleged breach and afforded the
<br />other party hereto a reasonable period after the giving of such notice to take cosective action. If Applicable
<br />Law provides a time period which must elapse before certain action can be taken, that time period will be
<br />deemed to be reasonable for purpases of this para.graph. The nodce of acceleration and oppartunity to cure
<br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to
<br />5ection 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this
<br />Section 20.
<br />21. Hazerdous Substances. As used in this Section2l: (a) "Hazardot�ss 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 fla:mmable or toxic petroleum products, toxic pesticides and herbicides,
<br />volatile solvenfs, materials containing asbestos or formaldehyde, and radioactive materiats; (b)
<br />"Environm�erual Law" means federal laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safely or environmental protection; (c} "Envirotzmeental Cleanup " includes any resgonse
<br />action, remedial action, or removal action, as defined in Environmental I,aw; and (d) an "Environnaental
<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, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous 5ubstances, on or in the Properiy. Borrower shall not do,
<br />nor allow anyone else to do, anything affecting the Properly (a) that is in violation of any Environmental
<br />Law, (bj which creates an Environmental Condition, or (c) which, dne to the presence, use, or release of a
<br />Hazardous Substa crea a condition fhat adversely affects the value of the Properiy. The preceding tw
<br />NEBRASKA-Single Family-Fannia Mae/Freddia Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Woltare Kluwar Ffner�ciel Servfcas
<br />Form 3028 7/01
<br />VMP81NE1 11106).00
<br />Paga 13 of 17
<br />
|