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201205416
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Last modified
7/9/2017 8:31:38 PM
Creation date
7/2/2012 4:15:21 PM
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DEEDS
Inst Number
201205416
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201205416 <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note <br />(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale <br />might result in a change in the entity (know as the "Loan Servicer') that collects Periodic Payments due tinder <br />the Note and Ails Security hnstrumnent and performs other mortgage loan servicing obligations wider die Note, <br />this Security Instrument. and Applicable Law. Thee also might be one or more changes of the Loan Servicer <br />unrelated to a sale of the Note. If there is a change of the Loan Scivicer, Borrower will be given written notice of <br />the change which will state the name and address of die new Loan Servicer, the address to which payments <br />should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If <br />the Nate is sold and thereafter the Lean is serviced by a Loan Servicer other than the purchaser of tho Note_ the <br />mortgage loan servicing obligations to Borrower will remain with Ilse Loan Servicer or be transferred to a <br />successor Loan Servicer and are not assumed by the Note purchaser wiless othemrise provided by the Note <br />purchaser. <br />Neither Borrower not Lender may commence. join. or be joined to any judicial action (as either an individual <br />litigant or the memberofa class) that arises from the other party's actions pursuant to hos Security Instrument or <br />that alleges that the other party has broached any provision of, or any duty owed by reason of, this Security <br />Instrument, until such Borrower or Lender has notified the other party (tvith such notice given in compliance <br />with the requirements of Section 15) of such alleged breach and afforded (he other party hereto a reasonable <br />period after the giving of such notice to take corrective action. If Applicable Law provides a time period which <br />must elapse before certain action cam be taken, that timeperiod will be deemed to be reasonable for purposes of <br />this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and <br />[lie orifice of acceleration given in Borrower pursuant to Section 11t shall be deemed Ira Musty the notice and <br />opportunity to take corrective action provisions of this Section 20. <br />21. Hazardous Substances. As used in his Section 21: (a) "ILazaeiors Substances" are those substances <br />defined as toric or hazardous substances. pollutants. or wastes by Environmiental Law and die following <br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, <br />volatile solvents, materials conraining asbestos or formaldehyde, and radioactive materials; (b) "Enwronmeetnl <br />Lair" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety, or <br />environmental protection; (c) "Environmental C7eannp" includes any response action, remedial action, or <br />removal action, as defined is Environmental Law; and (d) an "Enwrownental Condition" means a condition that <br />can cause, contribute to, or othenvise trigger an Eri iromnental Cleanup. <br />Borrower shall not cause or permit the presence, use. disposal. storage; or release of any Hazardous Substances, <br />or threaten to release any Hazardous Substances, on or in tine Property. Borrower shall not do_ nor allow anyone <br />else to do, anything affecting the Property (a) that is in violation of any Environmental Law. (b) which creates an <br />Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance. creates a <br />condition that adversely affects tine value of the Property. The preceding hvo sentences shall not apply to the <br />presence. use, or storage on the Property of small quantities of Hazardous Substances iba are generally <br />recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not <br />limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written notice of fa) any investigation, claim. demand, lawsuit or other <br />action by any governmental or reguilatory agency or private party involving (he Property and any Hazardous <br />Substance or Environmental Law of which Borrower has actual knowledge. (b) any Envirmi nental Condition. <br />including but not limited to, any spilling, leaking, discharge. release or threat of release of any Hazardous <br />Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which <br />adversely affects the value of the Property If Borrower learns, or is notified by any governmental or regulatory <br />audtoriLy. or any private pity, that any removal or other reinediation oCamy Hazardous Substance affecting the <br />Property is necessary. Borrower shall promptly lake all necessary remedial actions in accordance with <br />Environmental Law. Nothing herein swill create any obligation on Lender for an Environmental Cleanup. <br />NEBRASKA 3nou Fuml1-Fenme MnoFreddie Mac UNIFORM NFRVF E Frim M 1101 <br />VMP 9 VMP6(NE) (11051.00 <br />WdWe Kluwer n02ndPI 5, w, Page 120115 <br />III�IIIIIIIIIIIIIIII1111111IDO E97 278IIIII����ILIIIIIAIISIID <br />
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