|
2 01007773
<br />shall r�main fully effective as if no acceleration had occurred. However, this right co reinstate shall not
<br />apply in the case of acceleration under Section 18.
<br />2Q. Sale of Note; Change of Loan Servicer; Notice of Grievance, The Note or a partial interest in
<br />the Note (together with this Security Instrurnent) can be sold on� ar more times without prior notice to
<br />Borrower. A sale might 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 Instrument and performs other mortgage loan
<br />servicing obligatians under the Note, this Security Instrument, and Applicable Law. There also might be
<br />one or more changes of the I.oan Servicer unrelated to a sale of the Note. If there is a change af the Loan
<br />Servicer, Barrower will be given wriCten notice of the change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be rnade and any other information 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 Loan Servicer pther than the purchaser of the Note, the mortgage loan servicing abligatians
<br />to Borrower will remain with the L.oan Servicer or be transferred ta a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Barrower nor I,ender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant ar the member of a class) that arises from the ather party's actions pursuant to this
<br />Security Instrument or thaC alleges that the other party has breached any provision af, or any duty owed by
<br />reasan of, this Security Instrurnent, until such Borrower or Lender has notified the other party (with such
<br />notice given in compliance witl� the requirements of Section 1S) af such alleged breach and afforded the
<br />oth�r 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 elaps� before certain action can be taken, that tirne
<br />period will be deemed to be reasanable for purposes af this paragraph. The ;notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Boz�rower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Sectian 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 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) "Environrnental Law" means fedexal laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safety ar environn�ental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an"EnvironmenCal
<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 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 da, anything affecCing the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazazdous 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 Praperty of small quantities of
<br />Hazardaus Substances that are generally recognized to be apprapriate to normal residential uses azid to
<br />maintenaance of the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall prornptly give Lender written notice o;f (a) any investigation, claim, dernand, lawsuit
<br />or other action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance ar Environmental Law of which Borrower has actual l�owledge, (b) any
<br />Environmental Candition, 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 or release of a
<br />Hazardous Substance which adversely affects the value of the Praperty. Tf Borrower learns, or is noti�ed
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) �aai i � Page 12 of 15 in�t�a�� Form 3028 1/01
<br />�
<br />, i .
<br />
|