Laserfiche WebLink
201008519 <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. Sale of Note; Change of Loan Servicex; Notice af Grievance. The Note or a partial interest in <br />the Nnte (together with this Security Instnunent) can be sold one or more times without 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 under the Note and Chis Security Instrurnent and performs ather znortgage loan <br />servicing obligatians under the Note, this Security Instrument, and Applicable Law. There also znight be <br />one or more changes of the Loan Servicer unrelaCed to a sale of the Note. If there is a change of the T_.oa�t <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 informatian RESFA <br />requires in conneccion with a notice of transfer of servicing. If the Note is sold and thereafter the Loan 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 or be transferred to a successor Loan 5ervicer and are not <br />assumed by the Note purchaser unless otherwise provided 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) that arises from the other party's actions pursuant to this <br />Security Instrument or that alleges that tha other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender has notified the ather party (with such <br />notice given in compliance with the requirements of Section 15) 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 provides a tixne period which must elapse befor� ceRain action can be taken, that tim� <br />period will be deemad to be reasonable for purposes of this paragraph. The notice of acceleration and <br />opportunity to cure given to Borrower pursuant ta Section 22 and the notice of acceleration given to <br />Borrower pursuant to Section 18 sha11 be deemed to satisfy the notice and opportunity to take coz-rective <br />action provisians of this Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazaxdous substances, pollutants, or wastes by Environmental Law and the <br />following substances: gasoline, kerosene, other flammable or toxic peCroletun products, toxic pesticides <br />and herbicides, volatile solvencs, materials containing asbestos or farmaldehyde, and radioactive materials; <br />(b) "Environrnental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or environznental protection; (c) "Environmental Cleanup" includes any response <br />accion, rernedial action, ar removal action, as defined in Environmental Law; and (d) an"Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an�nvironmenCal <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or releas� af 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 Envirorunental <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 sh.all not apply to the presence, use, or storage on the Property of small quantities of <br />Hazardous Substances 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 prompkly give I,ender written notice of (a) any investigation, claim, demand, lawsuit <br />ar other action by any governmental or regulatory agency or private party invnlving the Praperty and any <br />Hazardous Substance or Environrnental Law of which Borrower has actual knowledge, (b) any <br />Environmental Candition, including but not limited ta, 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 />Hazardaus Substance which adversely affects the value of the Property. If Borrower learns, or is notified <br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6�NE) IosiiJ Page 12 of 15 i��s�eis: Form 3028 1/01 <br />� <br />Y . � � � 1 � : P <br />„ � r <br />