|
2�.�_uo73s2
<br />shall r�main fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case of acceleration under Section 18.
<br />20. Sale nf Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with this Security Instrument) can be sold one or rnore times withaut prior notice to
<br />Botx'ower. A sale rnight result in a change in the entity (known as the "L.oan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instnunent and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. Th�re also might be
<br />one or rnore changes of the Loan Servicer unrelated to a sale of the Note. If there is 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 Servicer, the address to which payments should be made and any ather information RESPA
<br />requires in connection with a notice of tramsfer of servicing. If the Note is sold and thereafter the I.oan is
<br />serviced by a L.oan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the Loan Servicer ar be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise pravided by the Nate purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant ar the member of a class) that arises fronn the other party's actions pursuant to this
<br />Security Inscrum�nt or that alleges that the other party has breache� any provision of, or any duty owed by
<br />reason of, this Security InstrumenC, until such Borrower or I,ender has notified the other party (with such
<br />notice given in cornpliance with the requirements of Section 15) of such alleged breach and afforded the
<br />other party hereto a reasonable periad after the giving of such notice to take corrective action. If
<br />Applicable Law provides a time period which must elapse before certain actian can be taken, that time
<br />period will be deerned to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity ta cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Section 20.
<br />21. Hazardoas Substances. As used in this Section 21: (a) "Hazardous Substances" are thase
<br />substances defined as toxic or hazardous substances, pallutants, or wastes by Environmental I,aw and the
<br />following substances: gasaline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestas or formaldehyde, and radioactive materials;
<br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is locate� that
<br />relate ta health, safety or enviranmental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal action, as de�ned in Environmental Law; and (d) an"Environmental
<br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environrnental
<br />Cleanup.
<br />Borrower shall not cause or pemut the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Praperty. Borrower shall not do,
<br />nor a11ow anyone else to do, anything affecting the Property (a) that is in violation of any Environrnental
<br />Law, (b) which creates an Environmental CondiCion, or (c) which, due to the presence, use, or release of a
<br />Hazardaus Substance, creates a condition that adv�rsely affe�ts the value of the Property. The preceding
<br />two sentences shall not apply to the presence, use, or storage on the Property of srnall quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and ta
<br />maintenance of the Property (including, but not limited to, hazardous substances in consurner products).
<br />Borrawer shall pxomptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other actinn by any governmental ar 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 Condition, including but not limited to, any spilling, laaking, discharge, release or threat of
<br />release af any 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 Borrawer learns, or is notifie�i
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIpORM INSTRUMENT /
<br />� (0811) Page 12 of 15 i��c�ei .`�� �.��,� Fprm $Q2$ 1/01
<br />�
<br />, i t a .
<br />
|