|
20f2071�4
<br />in the 1'roperly and rights under this Security Instrument; and (d) takes such action as I.ender may
<br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instivment,
<br />and Borrower's obligation to pay the sums 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; (bj 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 reinstatement by Borrower,
<br />this Security Instrument and obligations secured hereby shall rema.in fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under Sec�ion 18.
<br />20. Sale of Note; Chenge of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br />Note (together with this Security Instxument) 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 "I.oan Servicer'� tha.t collects Periodic
<br />Payments due under the Note and this Security Instrument and performs ofher mortgage loan servicing
<br />obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more
<br />cha,nges of the Loan Servicer unrelated to a sale of the Note. ff 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 RFSPA requires in
<br />connection 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 tlte 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 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 oz 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 breached any provision of, or any duty owed by
<br />reason of, this Security Instrument, until such Bortower or Lender has notified the other garty (with such
<br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the
<br />other party hereto a rea.sonable period after the giving of such notice to take corrective action. If Applica.ble
<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 purposes of this para.graph. The notice of acceleration and opportunity to cu.re
<br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Bonower pursuant to
<br />Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this
<br />Section 20.
<br />21. Hazardous Substances. As used in this Section2l: (a) "Hazardous Substances"aze those substances
<br />defined as toxic or hazardous substances, pollutants, or wastes by Enviro�entai Law and the following
<br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides,
<br />volatile solvents, ma.terials conta.ining asbestos or formaldehyde, and radioactive materials; (b)
<br />"Environtnentallaw" mea.ns federal laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safety or environmental protection; (c) "Environ»aental Cleanup " includes auy 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 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 Substances, on or in the Properiy. Borrower shall not do,
<br />nor allow anyone else to do, anything affecting the Property (a) that is in violadon of any Environmental
<br />Law, (b) which crea.tes 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-Sfngle Family-Fannia Mae/Fraddfe Mac UNIFOpM IN5TRUMENT Form 3028 1/Ot
<br />VMP � VMPB(NEI (11061.00
<br />Woltara Kluwer Finarkial Sarvicas Page 13 af 17
<br />
|