|
��14��173
<br /> in the Property and rights und�r�his Secu�ri�y Instrument; and �d} takes such act�on a� Lend�r may
<br /> reasonably require�o assure that Lender's interest in�he Proper��and rights under�his Securi�y �nstrument,
<br /> and Borrower's abliga�ion to pay the sums secured b� �h�s Security Instrument, shail can�inue unchanged.
<br /> Lender may requir�that Borrower pa� such reins�atement sums and�xpenses �n one or more of�h�fo��ov��ng
<br /> f�rms, as selec��d by Lender: �a} cash; �b}mone���rd�r; �c�cer�ified check, hank che�k, �reasurer's check or
<br /> �ashier's�heck, prov�ded any such check is drawn upon an insti�ution whase deposi�s are insured b� a
<br /> fed�ral agency, instrumentality or enti�y; or�d� E�ectr�nic Funds Transfer. Upon re�ns�atement hy Barrawer,
<br /> this Securit� Instrument and oh�igat�ans se�ured�Zereby shal� remain fu��y effec�ive as �f na acce�eration had
<br /> occurred. Howe�er, �his right to re�nsta�e sha11 no�appl� in the ca�e of ac���era��on under Sectian 18.
<br /> 2�. Sa�e �f Note; Change of Loan Ser��cer; N�tice of Gr�e�an�e. T`he Note or a partial �nterest in the
<br /> Note�tage�her v�►l�th this Secur�ty Instrumen�} can�e sa�d�ne or mor�times w�thout priar noti�e tfl
<br /> Borrower. A sale nr�ght resul��n a change�n the en�it��known as �he "Loara SQrvicer"} tha�co�lec�s Periad�c
<br /> Payments due under�he Note a.nd�his S�cur��y �ns�rument and performs ather mor�gage��an servicing
<br /> ab�xgatinns under the Na�e, this Security In��rumen�, and Applicable Law. There aiso rn�gh�be�ne or more
<br /> changes flf the Loan Serv�cer unre�a�ed to a saie of the No�e. �f�here is a�hange of�he L.�an Ser�icer,
<br /> Borrow�r will be g���n wr�tten notice of the change wh�ch wx�� state the name and address of the new Loan
<br /> Se�-`ricer, �he addr�ss�o v�rh�ch payments shou�d be made and axa�r other inf�rma�i�n RESPA r��uires xn
<br /> connec�ion v�rith a notice of transfer of servicing. If the Note is sold and�hereaf�er the Loan�s ser��ced b�a
<br /> Loan Servicer o�h�r than the purchaser of�h� Nnte, th�mor�gage loan ser�icing a��zgations�o Barrovwer�viii
<br /> remain with the Loan Servicer ar be transferr�d�o a suc�essar Loan Serv�cer and are not assumed by the
<br /> Note purchaser unless otherwise provid��.by�he Note purchaser.
<br /> N�i�h�r Borrow�r nar L.ender may commence,j oin, �r b�j oined to any�udicial ac��on�as either an
<br /> �ndi�v�dual litigant or the member of a ciass} tha�ar�ses fram the other par��'s ac�ians pursuant�o th�s
<br /> Se�ur��y �ns�rument�r tha�alleges that the o�her par��r has breached any pro�r�s�on of, or any duty ovved�y
<br /> r�ason of, fh�s Secur�t� �nstrumen�, until such Borrower or L.ender has notifi�d the other part� �with such
<br /> not�ce gi�en in compi�anc�w��h the requ�remen�s of Section �5}of such all�ged breach and afforded the
<br /> o�her part.�h�r�to a reasonab��period after�he gi�ing�f su�h not�ce t��ake correcti�re action. �f App���ab�e
<br /> Law pro��des a tzme per�ad which must elaps�before cer�ain action can be ta.��n, �hat�im�period w�ll b�
<br /> d�emed to be reasonab�e for purpases af�hzs paragraph. The not�ce�f acce�erat�on and nppor�uni��to cure
<br /> gi�en�o Barrower pursuant�o S�c�inn 2Z and the na��ce of ac�eleratinn given t�Borrower pursuant�o
<br /> S�ct�on 1.8 sha�l be deemed to sa�isfy�he notice and opportun�ty t��ake correcti�e action pravisians�f�h�s
<br /> Se�t�on 24.
<br /> ��. Hazardous Substances. As used in�his Section 2�: �a} "Ha�ardous Subs�artces" are�hose subs�ances
<br /> defi�ed as taxic or hazardous substanc�s, p�llutants, �r was��s by Environmentat Lav�r and�he fol�owing
<br /> substa�c�s: gasoline, kerosene, other flammable�r toxi�pe�rol�um produ�ts, �ox�c pest�c�d�s and herbicides,
<br /> vo�a���e sa��ents, materia�s�onta�n�ng asbes�os or forrna�d�hyde, and rad�aactive ma�erials; �b}
<br /> "E��vxrorxj��ental La�v"means federal �aws and laws of the jur�sd�c�ion v�►�here the Propert�is iocated�ha�
<br /> rela�e to heaith, safety�r�nvironmen��l pr��ectzon; �c} "�rtvirorttrterttar �reanup" inc�ud�s any response
<br /> act�on, remedial ac�ion, or renZova� act�an, as de�ned�n Enviranmen�al La�; and �d) an "E�zviror�tnet��ar
<br /> Cor�di�ion"means a c�ndi�ian�ha�can caus�, cantribute to, �r��hervvise�r�gg�r an En�ironmental Cl�anup.
<br /> Borrower shall not�ause or permi��he pr�senc�, use, d�sposa�, s�arage, or release of any Hazardous
<br /> Substances, or threa�en�o relea�e any �azardous Subs�ances, on or�n the Propert�. Borrower sha�l no�do,
<br /> n�r a�lo� any�ne else to do, any�h�ng affect�ng the Prapert�ta} that is �n��oia�ion�f any En�ironmental
<br /> Law, �b}wh�ch creates an En�rironm�nta� Conditian, or�c} which, due to �he pr�sen�e, use, or release�f a
<br /> Hazardous Su�bstance, cr�a�es a cand�tion tha�adversely affects the value of the Proper�y. The preceding�wo
<br /> N�6RASKA-Single Family-Fannie MaelFr�ddie Mac UNIFQRM 1N5TRl3MENT Form 30�8 i 1�1
<br /> VMP Q VMP6�N�f[13��J
<br /> Walters Kluwer�inancia(Ser�ices Page 13 of 17
<br />
|