|
��15�57� 5
<br /> �n the Proper�y and rights unde�this Secur�t� �ns�rurn�n�; and (d}�akes such action as Lende�-�na�
<br /> reasonab�y require to assure tha� Lender's interest �n the Property and rights und�r�his Security�nstrument,
<br /> and Barrower's�hligat�on�a pay the sums se�ured by�h�s Secur�ty Instrum�nt, shall con�inue unchanged.
<br /> Lender may requ�re that B�rraw�r pay such rein�ta�ement sums and expenses in on�or mare of the foi�owing
<br /> form.s, as selected by Lender: �a}�ash; �b}mone�order; ����er�zf�ed�heck, bank�heck, �r�asurer's ch�Gk or
<br /> cashier's check, provided any such che���s drav�n up�n an ins��tut�on�vho�e deposits are insured by a
<br /> federa�agenc�, instrumenta�i�y or entity; or�d} E�ectra�ic Funds Transfer. Upan re�ns�atern�nt��Borrflw�r,
<br /> th�s Secur��y�nstrument and ob�igations secured hereb�sha��remain ful�y effective as�f no acc�ieration had
<br /> occurred. However, th�s righ�to reinstate shall not apply in the case of acce�erati�n under Sec�ian �8,
<br /> �0. Sale �f No�e: Change �f Lvan Ser�ice�: Nvtice af Grie�an�e. The Note ar a paartial �nterest�n the
<br /> Note��ogether with�his 5ecurity Instrument}can�e sold one�r rnore�zrn�s wi�hout prior no�ice to
<br /> B�rrower. A sale might resu�t in a�hange in th�entity�l�rt�wn as the "Laar2 Servicer"}��at�a��ec�s Per��d��
<br /> Payments due und�r the N��e and�his Secur�ty Instrum�n�and performs o�her rnortgage�oan serv�cing
<br /> ob�igations under th�Note, this Security�nstrurnent, and Appli�able Lav�r. Ther�alsa migh�be ane ar mare
<br /> changes af the Loan Ser�icer unre�ated�o a sale of�he Note. �f there�s a change�f the Laan Servicer,
<br /> Barr�v�er will be giWen vsrritten nQtice af the change wh�ch wi�i sta�e th�name and address of�he new L.aan
<br /> Serv�cer, �h�address�a which payrnen�s should be made and any other infarrna�ion R.ESPA requires �n
<br /> ��nnect�on w�th a no�ic��f�ran�fer of ser�icing. �f the No�e�s �old and thereaf�er the Laar�is ser�iced��a
<br /> Loan�er�icer ofher than the purchaser�f th�No�e, the mortgage loan set-v��cing obl�gations�o Borrower will
<br /> remain wi�h�he Laan Serv���r or he transferr�d to a suc�essflr Loan Serv��er and are not assumed�y th�
<br /> No�e�urchaser un�es�o�her�ise pro�ided�y th�Nate purchaser,
<br /> �I�i�her Borrovver nflr Lender ma�c�mmence,join, or be�oined to an�r judicia�actian �as either an
<br /> �ndi�iduai Ii�igant o����e member of a c�ass�that arises from th�other party's actzons pursuant t�this
<br /> Security�nstrum�nt ar that alleg�s�ha�the other part�has�reach�d any proWision of, or any duty owed by
<br /> reason of, this Secu���� �n�trumen�, untii such Barrower or L�nder has notified the o�her par�y (with�uch
<br /> notice g��en in cornpliance wi�h�h�requirements of 5ec�ion �5}of such alleged breach and afforded the
<br /> other par�y hereto a reasanable period after th�giving�f such na�ice�v take correc��ve ac�i�n. If App�ica�le
<br /> Law pr�vides a t�m�periad whi�h mus�elapse�efare c�r�a�n action can b�tal�en, that t�me period w��l�e
<br /> deemed to��reasonabie for purposes of th�s paragraph. The no�ice of a��elerat�an and appor�un�ty��cure
<br /> gi�en�o Borrawer pursuan�to Sec�ion��and the not�ce�f ac�eleration gi�en to Barr�v�+l�r pursuant to
<br /> Sect�on �8 shall he deemed�o sa�isfy the not�ce and opp�r�unity to take correGt�ve ac�.ion pro��s��ns vf�his
<br /> Se���on��.
<br /> �7. Ha�ard�us Suhstances. As us�d in this�ection�1; �a� "HQz�rd�us Sr�b.stances"are thase substances
<br /> def�ned as toxic or hazardaus subs�anc�s,po�lutants, or wastes b�Environmen�al Law and the fo���wing
<br /> su�stan�es: gasol�ne, keros�ne, other flammable�r tox�c petroleum produ�ts, �oxic pes�ic�des and herbicides,
<br /> vo�a�ile solven��, materia�s containing asbestos or farrnaldehyde, and radiaactive materiais; �b}
<br /> "E��ironm�r�tal L����"means federa�xaws and laws of the jurisdictian u�her�the Proper�y�s la�ated�hat
<br /> re�ate to health, safety ar env�ronmenta�pratection; (c} "�'��viror�rner��al Cteanup"includes any respanse
<br /> ac�ion, r�rnedial act�on, or rema�al action, as d�fined in�nv�ronmental Lav�; and�d}an ".�'n�iro��mefz�at
<br /> �nr�diti�n"means a candit�fln�hat can cause, con�ribute to, or otherwise trigger an Environmenta�Cleanup.
<br /> B�rro�v�r shai�not cause ar permi��hc presenee, use, d�spasal, st�rage, or release af an�Hazardous
<br /> Substan�es, �r�hreaC�n to release any Haza�dous �ub��ance�, on or�n�he Property. Barrow�r sha11 n�t do,
<br /> nor allow an��ne else fo do, an��hin�affecting�he Property �a}that�s in vio�ati�n of any En��ronrnenta�
<br /> Law, �b} v�rh�ch�reates an En�ironmen�al�ond�tion, �r�c) which, due to the presence, use, or�re��ase of a
<br /> Ha�ardous Sub�tan�e, crea�es a co�dition�ha�advers�ly affec�s the vaiue of�he Proper�y. The preceding two
<br /> NEBRASKA-SingEe Family-�anr�ie MaelFreddie Mac�NIF�RM IN5TRt3M�NT F�rm 302$1/01
<br /> VMP[� VMP�[N�){1342f
<br /> Vllolters I��uwer Financial Ser�ices F'age 13 of 17
<br />
|