|
2� 1 �� 1577
<br /> w��l remain w��h the Loan SerWicer or be�ransf�rred to a succ�ssar Loan Servicer and are no�assumed �y
<br /> the No�e pur�haser un�ess otherwise pro�ided hy the Nate pu�chaser.
<br /> N�i�her Bvrrower nor Lender may c�rr�m���ce, jain, or be j��ned to any �udicia� a��ion �as e�ther an
<br /> ind��idual fi�igant ar #he membe� af a class} �hat aris�s from the o�her par�y's a�tians pursuant t� �h�s
<br /> S��urity lnstrumen�o��hat all�ges that�he o�her par�y has breached any pr�v�sion of, or any duty awed by
<br /> reason of, �his Se�urity lnstrument, un�il such Borrower or Lender has no�ifed the ather party �w�th such
<br /> no��ce g��en in complianc� with fihe requi�emenfs of Sec��on �4} of such a��eged breach and afforded �he
<br /> a�her party heretfl a reasonable perivd after fihe g��ing �f such notice ta fake correcti�e acti�n. If
<br /> Applica�le Law pro�ides a time period which must �lapse before certain ac��on can b� taken, #haf time
<br /> period wil� be deemed #o be reasonable far purpos�s of this paragraph. The natic� �f a�ce�e�ation and
<br /> apporfun�ty �o cu�e given �� Borrower pursuant �o Sec��on 24 and fihe na���e af acceleration gi�en to
<br /> �orrawer pursuant to Se�tinn �7 shall be deemed fa satisfy �he notice and appartunifiy to take carrective
<br /> acti�n pro�'rsions of�his S�c��on 19. �
<br /> 20. Hazardaus Substances. As used in this Sec#ion ��: �a} "Ha�ardous Subs�ances" a�e th�se
<br /> su�s�anc�s defined as �vxic or hazardaus substanc�s, pol�utan�s, or was��s �y En�ironmenta! Law and
<br /> the follow�ng su�stanc�s: gaso��ne, ke�osene, athe� f�ammable or toxic pe�roleum products, �oxEc
<br /> pesti�ides and he�b�cides, Wola�i�e solvents, materia�s �ontaining a�bestas or forma�dehy�e, and
<br /> radiaac�i�e ma�erials; �b} "En��ronmenfial Law" means federal �aws and laws �f the jurisdict�on where the
<br /> Prop�rty Es I�cated thafi �e�a�e to health, safe�y or en�ironm�ntal pro��ction; �c} "Enviranmental CEeanup"
<br /> �n�ludes any response a�tion, remed�al acti�n, or rem��al a��ian, as defined in En��ronmental Law; and
<br /> �d} an "En�ironmen�a� Condi�ivn" means a condit�on �hat can caus�, contribu�e #o, or otherwise ��igger an
<br /> En�ironmental Cfeanup.
<br /> Borrower shafl n��cause or pe�mit�he presenc�, use, disposaf, s�orage, or refease af any Hazardous
<br /> Subs�ances, �r threaten �v release any Ha�ardaus Substances, an or in the Praperty. 8arrawer shall no�
<br /> do, n�r a��ow anyon�else to do, any�hing affecfing the Property ta}�ha�is �n ��o�a�ion of any En��ronmental
<br /> Law, ��}wh�ch c�eates an En��ronmen�al �andi�ion, �r�c}which, due to the presence, use, o�release of a
<br /> Ha�ardous Substance, cr�ates a condi�ian that adve�se�y aff�cts the�aiu� vf the Proper�y. The preced�ng
<br /> twfl sen�en��s shaff not apply to th� presence, use, vr storage ❑n th� Proper�y of sma�� quantit�es �f
<br /> Hazardous 5ubstances �hat are genera�fy recognized �o �e appropriate �o normal residential uses and �a
<br /> ma�nt�nance of�he Pr�p�rty�including, bu�not limifed�o, �azardaus subs�ances �n �onsumer p�oducts}.
<br /> Bo�r�wer sha�� promptly�i�e Lender writt�n notice of�a} any in��s�iga�ion, claim, demand, lawsu�t or
<br /> ather ac��on by any go�ernmental or regula�o�y agen�y or pri�a�e party �n�ol��ng fhe Property and any
<br /> Hazardous Subsfiance or En��ronmen�a� Law of wh�ch Borrower has ac#ual knawledge, �b} any
<br /> En�ironmental Condi�ion, inciud�ng �u# not limited �v, any spilling, leaking, discharg�, release or thr�at af
<br /> release of any Haza�dous Substance, and �c} any condition caus�d by fhe presence, use or release of a
<br /> Haza�dous Su�sfance wh�ch adv�rsely affec�s th� vafue of the Property. �f B���ower 1ea�ns, �r is no�ified
<br /> by any gflvernmental ar regulatary auth�ri�y, �r any pr��a�e party, tha�any remova� or ath�r r�med�a��on of
<br /> any Hazardous Subs�an�e affec�ing �he Property �s �ecessary, Borro�rver shail pramp�ly�ake all necessary
<br /> remedia! acti�ns in accardance with En�iranmental Law. Noth�ng herein sha�l crea�e any �bl�gation on
<br /> Lender for an En�ironmenfial �leanup.
<br /> Z'�. Fundin� Fee. A fe�equal ta one-half of ane per�ent of�he balance of#his loan as of�he date of
<br /> transf�r of�he Property shal� be payable a� the ��me of�ransfer ta th� �oan halder or i�s au�hori��d agent,
<br /> as trustee for the Depar�ment of Veterans Affairs, lf �he assumer fails ta pay �h�s fee at �he �ime ❑f
<br /> transfer, �he f�e shall constitute an additional debt #o �hat already s�cured �y �h�s instrument, shal! bear
<br /> inter��t at�he rate herein provided, and, at�h� op��on of�he payee of the indebtedness hereby se�ured or
<br /> any transfere� thereof, shail be �mmedia�ely due and paya�le. This fee is au�ama�ically wai�ed �f the
<br /> assumer is exempt under the pro�is�ons of 38 U.S.�. 37�9�c}. �Note: The funding f�e for loans assumed
<br /> � 3 o v ❑ 2 � s � ❑ s � � M c M a R T o o T �
<br /> NEBRASl�CA--S�ngle Fam�fy---UNIFDRM 1NSTRUMENT MERS
<br /> Accer�ture Mortgage Cader�ce Documer�t Center� Page 1�af 15
<br /> 3�7�o�r�4 ..
<br />
|