|
201QOS791
<br />20. Sale of Note; Change of Loan 5ervicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with tlus Security Instrument) 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 undet the Note 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 />one or more changes of the Loan Servicer unrelated to a sal� of the Nota. If there is a change of thc Loan
<br />Servicer, Borrower will be given written notice of the change which will state the name and address of ihe
<br />new Loan Servicer, the address to which payments should be made and any other information RESPA
<br />raquires in connection with a notice of transfer oF servicing. If the Note is sold and thereafter the Loan is
<br />serviced by a Loan Servrcer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the I,oan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purclaaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor Leuder may commence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a class) t�iat arises from the other party's actions pursuant to tt�is
<br />Security Instnunent or that alleges that the other pariy has breached any provision of, or any duty owed by
<br />reason of, this Security instrument, until such Borrower or Lender has notified the other party (with such
<br />notrce given in compliance with the requirements of Section 15) of such alleged breach and afforded the
<br />other' pariy bereto a reasonab.le 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 />period will be deemed to be reasonable for ptrrposes af this paragraph. The noticc of acceleration and
<br />opporlunity to cure given to Borrower pursuant to Section 22 and the notica of acceleration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the natice and opportunity to take corrective
<br />action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 2l: (a) "Hazardous Substancas" are thosa
<br />substar►ces defrned 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, rnaterials contain:ing asbestos or formaldehyde, and radioactive materials;
<br />(h) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br />relata to health, safety ar envirorarnental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedral action, or removal action, as defined in Environmental Law; and (d) an "Environmental
<br />Conditipn" means a condition that can cause, contribute to, or otherwise trigger an �nvironmental
<br />Cleanup.
<br />Borrower shall not cause or pernnit the presence, use, disposal, storage, or release of any Hazardous
<br />5ubstancas, or threat�n to relea,se any Hazardous Substances, on or in the Property. �orrower shall not do,
<br />nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmental Condrtian, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condrtion 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 af small quantities of
<br />Hazardaus Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenanca of the Property (rncluding, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any it�vestigation, clarm, dernand, lawsuit
<br />or other action by any governmental or regulatory agency or prrvate pariy involving the Property and any
<br />H.azardous Substance or Environmental Law af which Bnrrower has actual knowledge, (b) any
<br />Environmental Condition, including but not limitai to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substanc�, and (c) any conditron cause�l by the presence, use or release of a
<br />Hazardous Substance which adversely affe�ts the value of the Property_ If Harrower learus, or is notified
<br />hy any governmental or regulatory authority, or any private party, that any rertaoval ot' other remediation
<br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary
<br />remedral actions in accordance with Environmental Law. Nothing herein shall create any obligation on
<br />Lender for an Enviror►rnental C1eanup.
<br />2200072053 D V6ANE
<br />NEBRASKA - Single Family - Fannie MaelFreddle Mac UNIFpRM INSTRUMENT WITH MERS
<br />�-BA(N� Ioaiol Pape 12 of 15 inmeis: �_ Form 3028 1l07
<br />c�
<br />
|