Laserfiche WebLink
201005570 <br />shall remain fully cCfeclive as if no acceleration had occurred. However, this right to reinstate shall not <br />apply in llre case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in <br />the Nole (together with this Security Instrument) can be sold one or more Limes without prior notice Lo <br />Borrower. A sale might result in a change in the entity (known as the "Loan Scrviccr") that collects <br />Periodic Payments due under the Nole and this Security Instnrment and performs other mortgage loan <br />servicing obligations under the Notc, this Security Instrument, acrd Applicable L,aw. '1'trere also ,night be <br />one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of llre Loan <br />Servicer, Borrower will be given written notice of the change which will sl~tlc the name and address of the <br />new Loan Servicer, the address to which payrncnts should be rrtadu and ~u,y other irrformatiorr RESPA <br />rcyuires in conrrcction with a notice of transfer of servicing. If the Note is sold and thereafter 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 rcrnain with the Loan Scrviccr or be transferred to a successor i.oan Servicer and arc not <br />assumed by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Harrower nor Lender may corrunence, join, or be joined to any judicial acliurr (as cillrer an <br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this <br />Security Tnstrumenl or drat alleges that the other party has breached any provision af, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such <br />notice given in compliance with the reyuiremenls of Section 15) of such alleged breach and afforded We <br />other party hereto a reasonable period after the giving oC such notice to take arrreclive action. I f <br />Applicable Law provides a tune period which must elapse before certain acl.ion can he taken, that lime <br />period will be deemed to be reasonable L'or purposes of this paragraph. '1'!tc notice of accclcratiun and <br />opportunity to cure given Lo Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Scctiorr 1$ shall be deemed to satisfy the notice and opportunity to take correclivc <br />action provisions oC this Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, pollutants, or wastes by Ertvironmcntal I.aw and t11c <br />following substances: gasoline, kerosene, other tlamrnable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvents, materials containing asbestos or L'orrnrldehyde, 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, safely or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, ar removal action, as defined in Invironmental Law; and (d) au ")/nvirunrncntal <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an I:nvironurental <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any 1-lazardous <br />Substances, or threaten to rclcasu any Hazardous Substances, on or in the Properly. 13nrrowcr shall nut. do, <br />nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Iinvirornrrental <br />i,aw, (h) which creates an Gnvironmenlal Condition, or (c) which, due to the presence, use, or rcJcxsc of a <br />Hazardous Subslancc, creates a conditiou that adversely affects the value of the Property. The preceding <br />two sentences shall not apply to the presence, use, or storage on the Property of srrrrtll yuantilies of <br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to <br />mainterl<lnce of the Property (including, but not limited lo, hazardous substances irr consutrrer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, derrrand, lawsuit <br />or other action by any govermnental or regulatory agency or private party involving the Property and any <br />Hazardous Subslancc or Environmental I.aw of which Horrower has actual knowledge, (b) any <br />Environmental Condition, including but not limited Co, any spilling, leaking, discharge, release ur threat of <br />release of any Hazardous Substance, and (c) any conditior'r caused by the presenet:, use or release of a <br />Hazardous Substance which adversely affects the value of the Property. If 13orrowcr learns, ur is notified <br />NEBRASKA ~ Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT ~ per"-" <br />-6LNE) ioa,,i Page,zor,5 innre~s: ~°~T - Form 3U28 1101 <br />