|
��15�5574
<br /> in the Prop�rty and rights under#.his Securi�y Instrumen�; and�d)takes such acti�n as Lender may
<br /> reasa��abl�require ta assure that Lend�r's interes�in t�.e Pr�perty and r�gl��s under this Security �nstru���e���,
<br /> and Barrov�er's obligat�on to pay the sums secured b�this Secu�r�ty Instruxnent, shal�con�inue unchan�ed.
<br /> Lender�na�require�hat B�rrawer pay suGh reinstatemen�surns and expenses in one ar more of�h�fa��awing
<br /> farms, as sei�cted�y Lender. �a}cash; �b�money order; �c}�erti�ied�heck� bank�heck, tr�asurer's�h�ck�r
<br /> cashier's Gheck, prav�ded any su�h�heck i��rav�rn upon ar�institu�ion whose d�posits are insured b�a
<br /> federal agency, in�trurnen�ali�y or en�ity; or(d}E�ectronic Funds Transfer. �Jpon reinstatement by Borrawer,
<br /> this Securi��Instrumen�.and obligations se�ured hereb�shall remain fully effe�ti�e as if na acce�eration had
<br /> o�curred, However, �his r�gh�to reinstate sha11 not apply in the�ase�f acceleratian under S�cti�n 18.
<br /> �D. Saie of Note; Change of Loan Servicer; Notice of Grie►►ance. The No�e ar a partial in�erest in the
<br /> Note�togeth�r with th�s Security �nstrurnen��can be�old one or mare times wi�hou�pr�ar no��ce�o
<br /> Borrower. � sa�e m�ght resu��in a change in�he en�i���known as the rr�arx Seruicer"}that colle�ts Periodic
<br /> Payments due under�he I��te and this Security �nstrumen�and performs other mor�gage�oan servicing
<br /> abliga�ians und�r the Note, this Securit�In��rum�nt, and Applicab�e Lav�. Th�re a�so might be one or m.ore
<br /> changes af�he Loan Serv�cer unre�ated to a sa�e of the Na�e. If�here�s a change af the Loan Ser�r�cer,
<br /> Borr4v�rer wii� be g��ren writt�n notice of�he change wh�ch�v�ril� sta�e the name and addr�ss of�he n��r Laan
<br /> Ser�icer, �he address to v�hich payments shouid be made and any a�aer infarmatxon RESPA requ�ares in
<br /> cannection with a n�tic�af�ransfer of serv�c�n�. If the Na�e�s sold and�hereafter�the Loan is serviced by a
<br /> Loar�Servicer a�her��an the pur�haser of the Note, ��ae mor�gage loan ser�ic�ng abliga�ions to Borro�ver will
<br /> rerna�n w��h�he Loan Ser��cer�r�e transferred�o a su�cessor Loan 5er�r�cer and ar�not assumed by�he
<br /> Nate purchas�r u��es�otherv�ise prn�ided by the Not�purc��aser.
<br /> N�i�her Borrawer nor Lender may comrnenCe,join, or be jained to any jud�c�al action�as eithcr an
<br /> ind�w�dua� litigant or the memb�r�f a class}�hat arises frorn the other garty's a�tions pursuant ta this
<br /> Securi�� �nstrument or that a�leges�hat the o�her party has br�ached any provisi�n of, ar an�duty owed�y
<br /> reason of, th�s Security�nstrument, unti�such Borrov�rer or Lend�r has noti��d the other par�y�with su�h
<br /> nat�ce g�ven�n compl�ance with�h�requiremen�s of Se�t��n �.5}af such alleged breach and affarded�he
<br /> other party hereto a reasonable p�riod after the gi�ing of such no�ice to�ake carrect��e act�on. �f App�icable
<br /> Law pra�ides a time period which mus�elapse before cer�ain a��ion�an be�aken, that time period vvil�be
<br /> deemed to be reasanab�e f�r purposes�f this paragraph. Th�no�i��of ac�e�eration and oppor�un�ty to�ure
<br /> gi�ren.to Borrower pursuan�to Se��ion�2 and the notice of accelera�ion gi�en�a Borrow�r�ursuant�o
<br /> Sect��n 18 sha�1 be deemed to satisfy�he no#ice and appor�uni�y fn�ake correc��v�act�on pra�ris�ons❑f�h�s
<br /> Sect�an 2�.
<br /> ��. H a�arda us S u h sta nces. As used in�hi s Section 2�.: �a} ".Ha.�ardous Su�stances"are�hose subs�ances
<br /> defin�d as tox�c or hazardous substan�es, poliutants, �r v�as��s by Envzrflnn�enta� Law and th�fo�l�w�ng
<br /> subs�ances: gasfl��ne, kerosene, other flammable�r tox�c petroleum produc�s, taxic pesti�ides and herbic�des,
<br /> �olatile salvent�, materials cantaining asbestas or f�rmaldehyde, and radx�activ�mat�rials; �b}
<br /> "E���ir�r�rnen�ar Law"m�ans federal laws and la�s af the�urisdic�ion v�here the Propert�zs�ocated�ha�
<br /> relate ta health, safet�ar env�ronrnentai protectian; �c} "�r��r�-on��7err�al Gleanu�" �ncludes any r�sponse
<br /> aCtinn, �emed�al ac�ion, ar removal ac��on, as defined in Enviranmental Lav�r; and �d}an "�nvir�nrrtental
<br /> Candi�i�j�"means a condition that c�n cau��, co�tribu�e ta, ar otherv�ise tr�gger an En��ranmental C�eanup.
<br /> Borrower sh�Ii not��use or permit the presence, use, disposai, s�arage, ar release of any Hazardous
<br /> Subs�ances, or threa�en to re�ease any Hazard�us Substances, on ar in the Proper�.y. Borrower shall not d�,
<br /> nnr al�ow an�one else tfl do, an�r�hing affect�ng the Property�a�that is in violation of any En�ironmental
<br /> Law, �b}wh�ch creates an�nv�ron.menta�.�flndition, or�c�which, due�a �he prese�nce, use, or release of a
<br /> �aTa�dau� Subs�an�e, cr�ates a cond�tion�hat ad�rers��y affects th�value af the Property. The prec�d�ng tu�a
<br /> NEBRASKA-5inr�fe Family-F�nnie MaelFreddie Mac UNIFaRM INSTRt1M�NT Farrn 3028 71�1
<br /> VMP Q VMP�{NE)(130�f
<br /> WoEters Kluwer Fir7ancial 5er�ices Page 13 of 17
<br />
|