Laserfiche WebLink
2010U7879 <br />shall remain fully effective as if na acceleration had occurred. However, this right to reinstate shall not <br />apply in the 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 Note (together with this Security Instruiment) can be sold one or more times without pz�or notice to <br />Borrower. A sale might result in, a change in the entity (known as the "i.oan Servicer") that collects <br />Periodic Payments due under the Note and this Security Instnunent and pez�forms other mortgage loan <br />servicing obligations 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 Noce. If there is a change af 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 inforination RESPA <br />requires in connectiozt witb a notice of transfer of servicing. If the Nate is sold and thereafter the Lpan is <br />serviced by a Laan Servicer other than the purchaser of the Note, the martgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferrecl to a successor Loan Servicer and are not <br />assumad by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender rnay commence, join, or be joined to any judicial action (as either an <br />in�dividual litigant or the member of a class) that arises from the other party's actions pursuant to this <br />Security Instnunent or that alleges that the other party has breached any provision of, or any duty owe� 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 requirements of Section 1S) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take corrective action. If <br />Applicable Law pravides a time period which must elapse before certain action can be taken, that time <br />period will be deerr�d to be reasonable for purposes of this paragraph. '17�e notice of acceleration and <br />opporlunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrawer pursuant to Section 18 shall be deem� to satisfy the notice and oppoxtu�ity to take corrective <br />actipn provisions of this Section 20. <br />2� . Hazardous Substances. As used in chis Section 21: (a) "Hazardous Substaz�.ces" are those <br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the <br />following substances: gasoline, kerosene, other flanunable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvents, rnaterials containing asbestos or formaldehyde, and radioactive materials; <br />(b) "Environmental Law" rneans federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or environrnental protection; (c) "Environmental Cleanup" includes any response <br />action, rernedial action, or rernoval action, as defined in Envimnmental Law; and (d) an "Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental <br />Cleanup. <br />Borirower shall not cause or pernut 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 allaw anyane else to do, anything affecting 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 />Hazardous Substance, creates a condition that adversely affects the value of the Property. 'The preceding <br />two sentences sha11 not apply to the presence, use, or storage on the PropeRy of small quantities of <br />Hazardous �bstances that are 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 proznptly give Lender written notice of (a) any investigation, claim, demand, lawsuit <br />or 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 />&nvirozamental 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 or release of a <br />Hazardous Substance which adversely affects the value of the Property. If Banower leams, or is nocified <br />NEBRASKA - Single Family - Fannie Maa/Freddia Mac UNIFORM INSTRUMENT <br />�-GIN�) (0877) Pag9120f 15 Initials: FORYI �OYB 1/01 <br />. � � � S � F / ,.. ���. ._„ � l � <br />