|
201210888
<br /> in the Property and rights under this Security Instrmtient; and(d)takes such acTion as Lender may
<br /> reasonably require to assure that Lender s interest in the Property and rights under this Seeurity Instnunent,
<br /> and Borrower's obligation to pay the snms secured by this Security Instrument, shall continua unchanged.
<br /> Lender may require that Borrower pay such reinstatement sums and�penses 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 /> casluer's check, provided any such check is drawn upon an institution whose deposits are insured by a
<br /> federal agency, instrumentality or entity; ar (d) Flectronic Funds Transfer. Upon reinstatexnent by Borrower,
<br /> this Security Instrument and obligations secured hereby shall retnain fully effective as if no accelerafion had
<br /> occ�red. Howevei, this right to reinstate shall not apply in the case of acceleration under Sectipn 18.
<br /> 2D. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br /> IQote(together with this Security Instrument) can be sold one or more times without prior notice to
<br /> Borrower. A sale might result m a change in the entity(known as the "Loan Servicer")that collects Periodic
<br /> Payments due under the Note and this Security Instrument and peYforms other mortgage loan servicing
<br /> obligations under the Note, this Security Inshzxment, and Applicahle Law. There also might be one ar 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 wTitten notice of the change which will state the nazne and address of fhe new Loan
<br /> Servicer, the address to wluch payments should be made and any orher information RESPA requires in
<br /> connecfion with a notice of isansfer 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 Loaz�Servicer and aze not assumed by the
<br /> Note purchaser unless otherwise provided by the Note purchaser.
<br /> Neither Borrower nor Lender may coxmnence,join, ox be joined to any judicial action(as either an
<br /> individual litigant or the meml�er of a class) that arises from the other pariy's actions pursuant to this
<br /> Security Instrument or that alleges that the otker party has breached any provision of, or any duty owed by
<br /> reason of, this Security Instawnent, until such Borrower ar Lender has notified the other party(with such
<br /> notice given in compliance with the requirements of Section I S)of such alleged breach and affarded the
<br /> other pariy hereto a reasonable period after the giving of such notice to take correcfive action. If Applicable
<br /> Law provides a time period�vhich must elapse before certain action can be taken, that time period will be
<br /> deemed to be reasonable for purposes of triis pazagraph. The notice of acceleration and opportunity to cure
<br /> given to Borrower pursuant to Section 22 and the notice of acceleration gicen to Boxrower pursuant to
<br /> Section 18 shall be deemed to satisfy the notice and opportunity to takc corrcctive actian provisions of this
<br /> Section 20.
<br /> 21. Hazardous Substances. As used in this Section 21: (a) °Hazardous Substances" aze those substances
<br /> defined as to�c or hazardous substances, pollutants, or wastes by Environmental Law and the following
<br /> substances: gasoline, kerosene, other flaznniable o�to�c petroleum products, toxic pesficides and hexbieides,
<br /> volatile solvents, materials containing asbestos or formzldehyde, and radioactive materials; (b)
<br /> "EnvironmentaZ Lmv"means federal laws and laws of thejurisdiction where the Property is located that
<br /> relate to health, safety or envirommental profection; (c) "Environmensal Cleat�up"includes any response
<br /> action, remedial action, or removal action, as defrned in Enviromnental Law, and(d) an "Environmental
<br /> Condation"means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br /> Borrower shall not cause or pernut the presence, use, disposal, starage, or release of any Hazardous
<br /> Suhstances, or threaten to release any Hazardous Substances, on or in thc Property. Borrower shall not do,
<br /> nor allow azryone else to do, anything affecting the Prapertp(a)that is in violation of any Envuonmental
<br /> Law, (b)�vhich creates an Environmental Condirion, or (c) wluch, due to the presence, use, or release of a
<br /> Hazardous Substance, ereates a condition that adversely affects the value of the Property. The preceding tivo
<br /> zaooaoes
<br /> NEBRASICA-Single Family-Fannie M aa'Freddie Mac ONIFORh1 MSTRUM ET1T Form 3020�l01
<br /> V M P� Vbl P6(NE)(1105)
<br /> lNolters Kluw u Fnancial Services Page 13 0�t]
<br />
|