|
201404800
<br /> in the Property and rights under this Security Instrument; and(d)takes such action as Lender may
<br /> reasonably require to assure that Lender's interest in the Property and rights under this Security Instnuuent,
<br /> and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchang�ed.
<br /> Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following
<br /> foxrns, 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, instruanentality or entity; or(d)Electronic Funds Transfer. Upon reinstatement by Bor,rower,
<br /> this Security Instnunent and obligations secured hereby sha11 remain fully effective as if no acceleration had
<br /> occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18.
<br /> 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br /> Note(together with this Security Inslruinent) can be sold one or more times without prior notice to
<br /> Borrower. A sale might result in a change in the entity(known as the "Loan Servicer")that collects Periodic
<br /> Payrnents due under the Note and this Security Instniment and performs other mortgage loan servicing
<br /> obligations under the Note, this Security Instruinent, 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 payxnents should be made and any other information RESPA 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 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 Loan Servicer and are not assumed by the
<br /> Note purchaser unless otherwise provided by the Note purchaser.
<br /> Neither Borrower nor Lender may comxnence,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 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 Instz`uxnent, until such Borrower or Lender has notified the other party(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 reasonable period after the giving of such notice to take corrective 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 purposes of this paragraph. The notice of acceleration and opportuility to cure
<br /> gi�en 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 opportuniry to take corrective action provisions of this
<br /> Section 20.
<br /> 21. Hazardous Substances. As used in this Section 2L• (a) "Hazardous Substances"are those substances
<br /> defined as to�c or hazardous substances, pollutants, or wastes by Environmental Law and the following
<br /> substances: gasoline, kerosene, other flaminable or to�a petroleum products, toxic pesticides and herbicides,
<br /> volatile sol�ents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
<br /> "�'nvironynental Law"means federal laws and laws of the jurisdiction where the Property is located that
<br /> relate to health, safery or environmental protection; (c) "EnviYonmental Cleanup"incluc�es any response
<br /> action, remedial action, or removal action, as defined in Environxnental Law; and(d) an "EnviYonmentaZ
<br /> Condition"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, storage, or release of any Hazardous
<br /> Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower sha11 not do,
<br /> nor a11ow anyone else to do, anything affecting the Property(a)that is in violation of any Environmental
<br /> Law, (b)which creates 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 Properiy. The preceding two
<br /> 2?006642
<br /> NEBR4SKA-Single Famify-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1l01
<br /> VMP OO VM P6(N�(1302)
<br /> Woiters Kluwer Financiai Services Page 13 of 17
<br />
|