|
201207612
<br /> in the Proper[y and rights under this Securit�=Instrlunent; and(d) takes such action as Lender may
<br /> reasonably require to assure Yha#Lender's interest in the Property az1d rights under this Security Instnzment,
<br /> and Bonower's obligation!o pay the sums secured by this Security Insmm�eni, shall continue unchangecL
<br /> Lender may require thak Borrower pay such rc,�instatement sums and e�penses in one or more of the following
<br /> fornvs, as selected bv I,endor: (a)casky (b)money orda; (o) certified eheck, bank checlG treasurer's eh�k or
<br /> casluer s check, provided any such check is drawn upon an tnsufurion whose dcpos�ts aze insured by a
<br /> fedea-a1 agency, ins[nuiientaltty ar entity; or(d)E1ec�onic Funds Tiansfex. Upoa reinstatanenf by Borrower,
<br /> this Security Instnunent and obligations secwed hereby shall remain fully effective as if no accelcration had
<br /> occwred. However, llus right to rcinstate shall not apply in the case of acce]eration under Secfion 18.
<br /> 2D. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br /> Note(togethu�-urith this Secuiity Instrument) can be sold one or more tiines without prior notice to
<br /> Barrower. A sale might result in a change in the entit}=(knoam as the "Loan Sc�vicer") that collects Periodic
<br /> Payments due under the Note and this Security Insrrument and pzrforms other mortgage loan servicina=
<br /> obligation@ under the Note, this Seeiuity Instnnnen� and Applicable Law. There also might be one or more
<br /> changes of tlle Loan Servicer uvrelated to a sale o£the Note If there is a change of the Loaz�Sexvicer,
<br /> Borrower wi11 be given written notice of the change which will staYe the name and adtiress oi the near Loan
<br /> Servicer, the address to which payments should be snade and any other intormaton RESPA requires in
<br /> conneccion wiCh a notice of transfer of servicing. If the Note is sold and th�eafter the Loan is serviced by a
<br /> Loan Scrvicer other than the purchaser of the�Tote, the mortgage loan servicing obligations to Bonower Rdll
<br /> remun with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the
<br /> �Tote purchaser unless othera+ise pmvided.hy the N'ote p�achaser.
<br /> Neither Borrower nor Lender may commence,join, or be joined to any judicial aetion(as either an
<br /> Ladividual litigant ox the member of a class) tt�at anses from the oflier pariy's actions pursaant to this
<br /> Security Inshv.ment or that alleges that the other parry has breached any provision of, or any duty owed by
<br /> reason of, this Sccurity Insh-ument, until such Borrower br Lender has notified the other party(�vith such
<br /> notice giveu in compliance with the requi�ements of Secfion 15) of sueh alleged breach and affoxded the
<br /> other party hereto a rzasonaUle pericd after the giving of such notice to take coaecrive action. If Applicablc
<br /> Law provides a time period wluch rnust elapse before cestain action can be takcn, that time period will be
<br /> deemed to be reasonable for purposes of this para�n-aph. The notice of accelerafiott and opporiunity Co cure
<br /> given to Borrower pursuant to Section 22 and the notice of acceleration given to 13on�wer pursuant to
<br /> Secrion 18 shall he deeined to satisfy thc notice and opportunity to take corrective action provlsions of flus
<br /> Secrion 20.
<br /> 21. Hazardous Substances. As used in this Section 21: (a) "Hc�ardous Substances° aze those substances
<br /> defined as touc or hzcazdous substances, pollufants, or wastes Uy Luviromnental Law azid tlie following
<br /> s2�bs[anees: gasoline, keroscne, other flanunaUle or toxic petroleum products, toxic pesticides and herbicides,
<br /> vcria#ile solven�s, mat�ials contauiing asbesfos or formaldefiyde, and radioaclive materials; (b)
<br /> "Environmental Law"means federal laws and laws of the jurisdicrion where the Property is located that
<br /> xelate to health, safety or envlronmenCal protection; (c) "Environmental Cleanup"includes any Fespoivse
<br /> action, zeinedial action, or r�noval action, as defined in Enviromnental Law; and(d) an "Envtroftmeratal
<br /> Condifron"means a condition that ean cause, contribute to, or otherwise trigger an linvirontnental Cleanup.
<br /> Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazaz'dous
<br /> Substancas, or threaYen to release any Hazardous Substances, on or in Ihe Property. Borrower shall not do,
<br /> nar a11ow anyone else to do; anything affecting the Property(a) that Is in violation of 2ny Environmental
<br /> Law, (b)which creates an Enviro:unental CondiYion, or(c) which, due to the presence, use, or release of a
<br /> Aazardous Substance, ereates a eondiuon that adversely affeets the value of the Property. The preced9ng two
<br /> znaazizl
<br /> NE3R4SKA-$��gle Family-Fannie MaeJFretltlie Idac UNIFORd INSTRUM ENT Form 3028 1/Q i
<br /> VbIP� VMPa(NE�(11�3)
<br /> 4Volte;s Kluw er Financial Services Pege 13 of t]
<br />
|