|
� � 2� 1 ��3122
<br /> If Lend�r exercises this option, Lender shal� gi�e Borravver notice af acceleration. The no�ice shall pra��de a
<br /> p�ri�d af not Iess than 30 days frorn the date the notice is given in a�cordance with Sec�ion 14 wi�hin wh�ch�arrower
<br /> must pay ali sums secured by this Securi�y Instrument. If Borrower fa�is to pay these sums prior to the exp�ration of
<br /> this period, Lepder may in�oke any remedies permitted by this Security �nstrument without further notice or demand
<br /> on Borrower.
<br /> I8. Borrawer's Right to Reinsta�e After Aceeleration. If Borrower meets�ertain cond�t�ons, Borrovver�hall
<br /> have the ri�ht to reinstatement of a martgage. Those c�nditions are that Borrawer: �a}pays Lender all sums which
<br /> then wou�d be due under this Security Instrumen�and the Note as if no accelerat�on had oc�urred;�b�cures any default
<br /> af any flther�ovenants or agreements;��}pays al�e�penses incurred in enforcing this Security Instrument, 1l7CIL1C�1I7�,
<br /> bu�not limited�a, reasonable attorneys' fees, property ipspection and�aluation fees, and other fees incurred for the
<br />: purpose of pro�ecting Lender's in�erest in the Praperty and rights under this Security Instrum�nt; and �d}takes such
<br /> ac�iQn as Lender may reasonably require to assure that Lender's in�erest in the Praperty and rights under this Security
<br /> Instrument, and Borrower's obligation to pay the sums secured by this Securi�y Instrument, shall con�inue unchanged.
<br /> Howe�er, Lender is not required to reins�ate if: �i} Lender has accepted reinstatement after the ca�nmencement of
<br /> foreclosure proceed�ngs withip �vvo years �mmed�ately preceding �h� commencement of a current for�closure
<br /> proceed�ngs; �ii}reinstatement v��ll preclude foreclasure on different grounds in the future, or�iii�reinstatem�nt wi�]
<br /> ad�ersely affe�t the priori�y of the Iien crea�ed by this Se�urity Instrument. Lender may require that Borrower pay
<br /> such reinstatement sums and �xpenses in one or more of the fallawing forms, as selected by Lender: �a} cash; �b}
<br /> maney nrder; �c}cer�if ed check, bank check, treasurer's ch�ck ar cashier's check, pro�i�led any such check is drav�n
<br /> upon an institution whose deposits are insured by a federal agency, instrumen�ality or entity; or�d� Electronic Funds
<br /> Transfer. Up�n re�nstatement by Borrawer,this Security Instrument and obliga�ions secured hereby sha11 remain fully
<br />. effecti�e as if no accelerat�on had occurr�d. However, this right�o reinsta�e sha��not apply in�he case of ac�eleration
<br /> under Secti on 17.
<br /> 19. Sale vf Nate; �'hange of Loan Ser-�icer; Natice af Grie�ance. �`he Note ar a partial interest in the Note
<br /> ��ogether with this Security Instrument}can be sold ane or more t�mes wi�hout prior notice ta Borrower. A sale might
<br /> result in a chang� in�he enti�y �known as the "Loan Serv�cer"}that collects Periodi� Payments due under the Note
<br /> and this Securrty In�trument and performs other mortgage loan ser��c�ng obligati�ns under the Note, this Se�urity
<br /> lnstrument, and Applicable La�v. 7�here also m�ght be one or more changes of the Loan Ser�icer unrelated to a sale
<br /> of the Nate. If�here is a change of the Loan Servicer, Borrower wil�be gi�en written notice of the change wh�ch vvi�I
<br /> state the name and address of the new Laan S�rviGer, the address to which paymen�s shauld be made and any other
<br /> information RESPA re9uires in conne�tion with a notice af transfer of ser�icing. If the I�1o�e is so�d and thereafter
<br /> �he Loan is servi�ed by a Loan Servi�er a�her than�he purchaser of the Note, the mortgage loan ser�icing obl�ga�ions
<br />; to Borravver wi�� remain with the Loan Ser��cer or be transferred to a successor Laan Ser�icer and are not assumed
<br /> by the Note purchaser unless o�hervvise provided by the Note purchaser.
<br /> 2D. Borrower Not Th�rd-Party Seneficiary tv Contra�t af InSuran�e.Mortgage Insurance reimburses Lender
<br /> �or any entity that purchases the Note� for certaip �oss�s it may incur if Bo�rower does nat repay�he Loan as agreed.
<br /> Borro�ver acknaw�edges and agrees that the Barrovver �s not a �h�rd party beneficiary �o the contract of insurance
<br /> between the Secretary and L�nder, nor is Borrovver entitl�d to enforce any agreement between Lender and the
<br /> Secretary, upless explici��y authorized ta do so by App�icable Law.
<br /> Zl. Hazardous Substan�es. As used�n this Section 21: �a�"Hazardous Substances"a�ethose substances defined
<br /> as toxic or hazardous substances,pallutants, or was�es by Environmental Law and the follawing subs�ances: gasolin�,
<br /> ker�sene, ather flammable or�oxic petrnleum products, �oxic pesticides and her�icides, �ola�ile so��ents, ma�er�als
<br /> cantaining asbestos or formaldehyde,and radioac�ive materials;�b�"En�irapmental Law"means federa�laws apo lavvs
<br /> of the jurisdic�ion where the Property is located that relate ta hea�th, safety or en�ironmenta� protection; ���
<br /> "En�iron�-nental Cleapup" II7C�LIC��S any response action, remedial ac�ion, or remo�al ac�ian, as def ned in
<br /> En�ironmental Law; and �d} an "En�ironrnental �ondition" means a condition that can �ause, �on�r�bute to, or
<br /> otherwise��igger an Environmen�al ��eanup.
<br /> Barrower sha�l not cause or permit the presence, use, dispasal, starage, �r release of any Hazardous Substances,
<br /> or threaten to release any Hazardous Subs�ances, on or in�he Property. Borrawer sha�l not do, nor a�low anyane else
<br /> NEBRASKA FHA DEED �F TRIJST - MERS DocMagic �
<br /> N ED�TZ2.FHA �9!�4115 Pag e 1 D of �3 www,a�v�magic,c�m
<br />
|