Laserfiche WebLink
�aioos�4� <br />shall remain 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. Sa7e of Note; Change of Loan Servicer; Notice oY Grievance. '1'he Note or a partial interest in <br />the Note (togett�er with this Security Instrurnent) can be sold one or more times withaut prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects <br />Periodic Payments due undar th� Note and this Security InsCrument and performs other rnortgage loan <br />servicing obligations under the Nate, this Security Instrument, and Applicable Law. There also cnight be <br />one or more changes oF the Laan Servicer unrelated to a sale of the Note. If there is a change of the I.oan <br />Servicer, Borrower will be given written notice of the change which will state Che name and address of the <br />new I,oan 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 other than the purchaser of che Note, the mortgage loan servicing obligations <br />to Barrower will remain with the Lnan Servicer or be transferr�d to a successor Laan Servicer and are not <br />assurned by the Note purchaser unless otherwise providcd by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) Chat arises from the ather party's actions pursuant to this <br />5ecurity Instrument or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrurnent, until such Borrower or Lender has notified the other party (with such <br />notice given in cnmpliance with the requirernents of Section 15) of such alleged breach and affarded the <br />other party hereto a reasonable period after the giving of such notice to take carrective action. If <br />Applicable Law provides a time period which must elapse before certain action can be taken, that tirne <br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and <br />opporlunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Sectian 18 shall be deerned to satisfy the notice and opportunity to take corrective <br />action provisions of this Section 2p, <br />21. Hazardous Sabstances. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances de�ned as toxic or hazardous substances, pollutants, or wastes by Environ�nental Law and the <br />following substances: gasoline, kerosene, other flammable or toxic petroleurn products, toxic pesticides <br />and herbicides, volatile solvents, materials containing asbestos ar formaldehyde, 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, safety or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as de�ined in Environmental Law; and (d) an"Environmental <br />Conditipn" means a condition that can cause, contribute to, or otherwise trigger an Environrnental <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or rel�ase 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 do, anything affecting the Property (a) that is in violation of any �nvironmental <br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presen.ce, use, or release of a <br />Hazazdous Substax�ce, 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 thac 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 consumer pxoducts). <br />Borrower shall promptly give �..ender written notice of (a) any investigation, claim, dem.and, lawsuit <br />or other action by any governmental or regulatoary 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 Conditipn, including but not limited to, any spilling, leaking, discharge, release or threat of <br />release pf 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 notified <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM IN57FtUMENT <br />�-B�NE) loat t 1 Paae � 2 or i 5 i��s�ais: �� Form 302$ 9/09 <br />r.! � P R � i �Y r� * � � . <br />