|
�0�oo7�ss
<br />20. Sale of Note; Change af Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with this Security Tnstrument) can be sold one or nnore times without prior natice to
<br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periodic Fayments due under the Nate and this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be
<br />ane or more changes of the Loan Servicer unrelated to a sale af 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 other inforrnation RESPA
<br />requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />serviced by a Laan 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 Borrower nor Lender may cozn�nence, join, ar be joined to any judicial action (as either an
<br />individual litigant or the member of a class) that azises from the other party's actions puz'suant to this
<br />Security Instrument or that alleges that the oCher party has breached any provision of, or any duty owed by
<br />reason of, this Security Instrument, until such Borrower or Lender has natified the other party (with such
<br />notice given in compliance with the requirements of Section 15) of such alleged breach and affoz'ded 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 must elapse before certain action can be taken, that time
<br />peariod will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Boz�ower 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 S�ction 20.
<br />21. Hazardous Sabstances. As used in this Section 21: (a) "Hazardous Substances" aze those
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and 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 lacated that
<br />relate to health, safety or environmental pratection; (c) "Environmental Cleanup" includes any response
<br />action, remedial actian, or removal action, as defined ian Environmental Law; and (d) an"EnvironmentaJ
<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 presence, use, disposal, storage, or release of any Hazardaus
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyane else to do, anything affecting the Property (a) that is in vialation of any Environmental
<br />Law, (b) which creates an Environmental Condition, or (c) which, due ta the presence, use, or 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, or storage on the Property of small quantities of
<br />Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />ox 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 Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (c) any condition caused by the presence, use ar release of a
<br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br />by any govemmental or regulatory authority, or any private party, that any remaval ox other remediation
<br />of any Hazardaus Substance affecting the Praperty is necessary, Borrower shall promptly take all necessary
<br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on
<br />Lender for an Environmental Cleanup.
<br />2200p58545 D V6ANE
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS
<br />�-6A(NE) �oaio� Page 12 of 15 Initials: � Form 3028 7/01
<br />�
<br />�K�
<br />
|