Laserfiche WebLink
2oioo2sii <br />2(1. Sale of Note; Change a[ L,oarr Scrvioer; Notice of Gtievanae. The Note or a partial interest in <br />the Note (together with this Security Instrument) can be sold one or more times withaut prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects <br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan <br />servicing obligations under the Note, this Security I~nt, and Applicable Law. T4ere also Wright be <br />one or more changes of the Loan Servicer nnre}ated to a sale of the Note. If there rs a change of the Loan <br />Servicer, Borrower will be given written notice of the change which will state the name and address of the <br />new Loan Servicec, the address to which payments should be made and arty other information RESPA <br />requires in cormc+ction with a notice of transfer of servicing. If the Nate is sold and tir~ereatter the Loan is <br />serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not <br />assumed by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Harrower nor Lender may commence, jorq or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises frnm the other party's actions pursuant to this <br />Security lnstrttmertt or that alleges that the outer party has breached any pravisron of, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender bas notified the other party (with such <br />notice given in compliance with the rrgtrinemeNs of Section iS) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take corrective action. If <br />Applicable Law provides a time period which musC elapse before certarn action can be taken, that tirt;de <br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and <br />opportunity m cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Section l$ shall be deemed to satisfy the notice and opportunity to take corrective <br />action provisions of this Section 2b. <br />21.. ~rdous Substanacs. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or bazau~dous substances, pothrtants, or wastes by Em~ironmcntal Law and the <br />following substances_ gasoline, kerosene, other flammable ar tonic petroleum products, tonic pesticides <br />acrd herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; <br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or em~iro~al protection; (c) "Enviro~al Clearutp" inchrdes a~ response <br />action, remedial actioq or removal action, as defined in Environmental Law; and (d) an "Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental <br />Cleanup. <br />Borrower shall not cause or permit the presenrce, use, disposal, storage, or release of any Hazardous <br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, <br />nor allow anyone else to do, anything affecting the Property (a) that is in violation of arty Environmental <br />Law, (b) which creates an Environmental Conditioq or (c) which, due to the presence, use, ar release of a <br />Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding <br />two sentences shall not apply to the presence, use, ar storage on the Prerperty of small quantiri~ crf <br />Hazardous Substances drat are generally recognized to be appropriate to normal residential uses and to <br />maintenance of the Property (including, but ~t limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Leader written notice of (a) anyrnvestigation, claim, demand, lawsuit <br />or other action by any governmental or regulatory agency or private party involving the Property and any <br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any <br />Environmental Conditioq including bnt Trot limited to, a~ spilling, leaking, discharge, release or threat of <br />release of arty Hazardous Substance, and (c) any condition caused by the presence, use or release of a <br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified <br />by any governmental or regulatory authority, or any private party, brat arty removal or other remedratinn <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in aocor~dar,ce with Errviromnemal Law. Nothing herein shall create arty obligation orr <br />Lender for an Environmental Cleanup. <br />NEBRASKA -Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT WITH ERS <br />-BAtNE1108901 Page 1T of 1S hxtieu:~ I'alfm ~o,i~$ 1/Q1 <br />gp32S3p9dp15 p733 355 1515 <br />