Laserfiche WebLink
<br />200801606 <br /> <br />is saki and thereafter the Loan is serviced by Ii Loan Servicer other than the purchaser of the Note, the <br />mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to <br />a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by <br />the Note purchaser. <br /> <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arisea from the other party's actions pursuant to this <br />Security Instrument or that alleges that the other party has breached any provision of, or any duty <br />owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party <br />(with such notice given in compliance with the requirements of Section 15) of such alleged breach and <br />afforded the other party hereto a reasonable period after the giving of such notice to take corrective <br />action. If Applicable Law provides a time period which must elapse before certain action can be <br />taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of <br />acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of <br />acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and <br />opportunity to take corrective action provisions of this Section 20. <br /> <br />21. Hazardous Substance.. AB used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law <br />and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic <br />pesticides and herbicides, volatile solvents, materials containing abestos or formaldehyde, and <br />radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where <br />the Property is located that relate to health, safety or environmental protection; (c)"Environmental <br />Cleanup" includes any response action, remedial action. or removal action, as defined in <br />Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, <br />contribute to, or otherwise trigger an Environmental Cleanup. <br /> <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any <br />Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property, <br />Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that Is In <br />violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due <br />to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects <br />the value of the Property. The preceding two sentences shall not apply to the presence, use, or <br />storage on the Property of small quanltles of Hazardous Substances that are generally recognized to <br />be appropriate to normal residential uses and to maintenance of the Property(includlng, but not <br />limited to hazardous substances in consumer products). <br /> <br />Borrower shall promptly giVe lender written notice of (a) any investigation, claim, demand, lawsuit <br />or other action by any government or regulatory agency or private party Involving the Property and <br />any Hazardous Substance or Environmental L.aw of which Borrower has actual knowledge, (b) any <br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat <br />of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release <br />of II Hazardous Substance which adversely affects the value 01 the Property. If Borrower learns, or is <br />notified by any government or regulatory authority, or any private party, that any removal or other <br />remediation of any Hazardous Substance affecting the Property Is necessary, Borrower shall promptly <br />take all necessary remedial actions In accordance with Environmental Law. Nothing herein shall <br />create any obligation on Lender for an Environmental Cleanup. <br /> <br />4200055 <br /> <br />MeRlIMexlm.d fGrmllD~B Mil <br /><_1401.:;_(1. /'" <br /> <br /> <br />ln11....:~ <br /> <br /> <br />~~ <br /> <br />NiBRA&KA-Ilnol. Famlll'-I'ANNIE IoIAE./FRECDII! MAC IINlFDRM INSTRUMENf <br /> <br />,._.t_ <br /> <br />, 1!I~~'v''', 1\'I,'II/I,IM11l-:V:111"'" ... "I \"\'m;'II'\',.I1*~ <br />