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200710169 exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instmment. I r the Note shows that Borrower's loan is assumable, Borrower must obtain Lender's written permission for an assumption ,md follow ,my other requirements of Lender related to IDl assumption. If Borrower does not do so, Lender may require immediate payment in full of all sums secured by this Security Tnstmment. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than the minimum number of days established by Applicable Law from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instmment. If Borrower Jails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Tnstmment without further notice or demand on Borrower. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enJoreement ofthis Security Instmment discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instmment; or (b) entry of a judgment enforcing this Security Instmment. Those conditions are that Borrower: (a) pays Lender all sums which then would be due tUlder this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or ab'Teements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instmment and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in thc case of acceleration under the section titled Transfer of the Property or a Beneficial Interest in Borrower. Sale of Notc Change of Loan Servicer. The Note or a panial interest in the Note (together with this Security Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the "Loan Servicer") that collects periodic payments due tUlder the Note and this Security Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale oftlle Note. If there is a change ofthe LOIDl Servicer, Borrower will be given written notice ofthe change in accordance with the section titled Notices and Applicable Law. The notice will state the name and address orthe new Loan Servicer IDld the address to which payments should be made. The notice will also contain any other information required by Applicable Law. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The precaling two sentences shall not apply to the presence, use, or storage on the Property ofsmall quantities of Hazardous SubstIDlees that are generally recob'llized to be appropriate to normal residential uses ,Uld to maintenIDlee of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Propet1y IDld any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notifIed by any governmental or regulatory authority, tllat any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remalial actions in accordance with Environmental Law. As usal in this paragraph, "Hazardous Subst,mces" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, hTosene, other flammable or toxic petroleum products, toxic pesticides IDld herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph, "Environmental Law" means falcrallaws and laws of the state of Nebraska that relate to health, safety or environmental protection. Acceleration; Remedies. Lcndcr shall give notice to Borrower prior to accelcration following Borrower's breach of any covcnant or agreement in this Security Instrument (but not prior to acceleration under the G 2004-2007 C"pyril;l'l Con'ph","'" Syslorns. Ill", 8C9C-EDA5 - 2007.01.201 C011llumc::r Real olltate:. Security Il:Jlltrumellt DL2036 Pae,'e 6 (1f~ www.complia.nce:sy&l.erflll.coIfl 800-968-8522 - Fax 616-956-IH6H