|
241005446
<br />shall remain fully effective as if no acceleration had occurred. However, this right tri reinstate shall not
<br />apply in the case of accclcratiou under Section 18.
<br />20. Sale of Note; C~bange of I.~oan Servicer; Notice o#' (Yrievance, The Nole or a partial interest in
<br />tyre Note (together with ibis Security instrument) can be Sold orre or more times without prior notice to
<br />Iurrower. A sale Wright result in a change in the: amity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Nutc and this Security Irrstrurnent and performs otliGr mortgage loan
<br />servicing obligations under the Note:, this Security Instrument, and Applicable l..aw. `There also might be
<br />orie or more changes of ttrc I..oarr Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br />Scrvice:r, Borrower will be given written notice; of the change which will state the narrie and address of the
<br />new Laan Servicer, the address to which payments should be made and any other int'ormation RIiSPA
<br />requires in connection with a notice of transfer of servicing. If the Note is sold and thc;rt;after the Loan is
<br />serviced by a Loan Servicer other than the purchaser of fire Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the I,aan 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 Borrower nor 'Lender may commence, join, or bu joined to atry judicial action (as either an
<br />individual litigant nr the rrrernber of a class) that arises front the uthc;r party's actions pursuant to this
<br />Security instrument or that alleges that the other party has breached any provision of, ar airy duty owed by
<br />reason uf, this Security Instrurrrerrt, until such Borrower or Lender has notified the uth~r party (with such
<br />notice given in compliance with the requirements of Section 15) of such alleged breach arrd afforded the
<br />other party hereto a reasonable period after the giving of such notice: [u take corrective action. If
<br />Applicable Law provides a tirnc pcriud which must elapse before certain action can be taken, that time
<br />pcriud will be deerrred In be reasonable for purposes of this paragraph. 1'lre notice of acceleration and
<br />opportunity to cure given to I3urruwer pursuant to Scctiorr 22 and the notice of acceleration given to
<br />Burrower pursuant Co Section 18 shall be decrmcd to satisfy the notice and opportunity to take corrective
<br />actiurx provisions of this Section 20.
<br />21. Hazardous Substances. As used in khis Section 21: (a) "Iazardous Substances" are those
<br />substances defined as toxic car hazardous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline:, kerosene, other flarrrmable or toxic petroleum products, toxic pesticides
<br />grid herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive: materials;
<br />(b) "Envirommental I,aw" means federal laws and laws of the ,jurisdiction where ttrc Property is located that
<br />relate to health, sat'cty or environmental protection; (c) "Environmental C:lcanup" includes any response
<br />action, rcrmedial action, or removal action, as defined in Environmental Law; and (d) urx "I;nvironnxental
<br />Condition" means a condition drat can cause, contribute to, or otherwise trigger an rnvirunmental
<br />Cleanup.
<br />13nrrower shall not cause or permit the presence, use, disposal, storaga, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Properly. 13orrowcr shall nut du,
<br />rrnr allow anyone else to do, anything affecting the Property (a) that is in violation al' any F3nviranrrrental
<br />l,aw, (h) which creates arr Errvrrornrrerrtal Condition, or (c) which, due to t11C ple:Se;l]Ge:, use:, or release of a
<br />Ilararduus Substance, creates a condition that adversely aII'ects the value crf the. Properly. 'fhe preceding
<br />two sentences shall Trot apply to the presence, use, or storage on the l'ropsrty al' entail quantities of
<br />Ilararduus SUhtitiirle:e:5 that are generally recognized Co be appropriate to normal residential uses and to
<br />nraintcrrance of the Property (including, but not limited icr, hazardous substances in consumer products).
<br />Harrower shall promptly give Leader written notice: of (a) any investigation, claim, demand, lawsuit
<br />or other action by any govarnrncntal nr regulatory agcrrcy or private: party invulvirrg tyre Property and any
<br />Ilazarduus Substance or l3nvirunnrerrtal I.,aw of which 13nrrower has actual knciwlcdge, (h) any
<br />I~;uvirorurrental Condition, including but nut limited lu, any spilling, leaking, disclrargc, release or threat of
<br />release of any hazardous Substance, and (c) any u>rrditiurr caused by tyre presence, use or release of a
<br />I-Iazardous Substance which adversely affects the value of the Property. if Borrower learns, or is notified
<br />NEF3RASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />-6(NE) loai~l Naga iz of i~ i~wei9: LC Form 3Q28 1101
<br />
|