|
Zoioo9o�z
<br />shall rerriain fiilly Bffective as if no acccl�ration had occurred. Howcver, this right to rcinstat� s�iall nat
<br />apply in the case of acceleration under Se�tion 18.
<br />20. Sale of Nate; Change af Loan S�rvtcc�; Notice of Grievanoe. The Note or a partial interest in
<br />the Nate (togeth�r with this Security I�nt) can be sold onc or �rc ti�s without priar not�ce to
<br />Horrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periociic Pay�nts du� under the Note and this Security Inshvm�t an:d perfor�ns other t�rtgage loan
<br />servicing obligations under the Note, this Security Insttument, and Applicable Law. There also might be
<br />one or more chauges of the Loan S�rvice�r unrelated to a sale pf the Note. If ther� is a change of the Loan
<br />Servicer, Borrower will be givcn writtcn notice of tt� chan,ge wluctt will state the na��e and address of the
<br />new Laati Servicer. the �ddress �o wh'r�h payments shoWd bc made and any other information RFSPA
<br />requires in connection with a notice of transfer of servicing. If t�e Note is sold axtd thereafter the Loan is
<br />scrviced by a Loan Serviccr other than the purchaser of thc Note, the mortgagc laan seavicing abligations
<br />ta Borrnwer will rctnaia with the Loan Servicer or be transfenred W a successor Loan Servicer and are not
<br />assu�zed by the Note purchaser unless at�►erwise provided by the Note purchaser.
<br />Neither Bormwer nor Lender may commence� joia, ox be joined to any judicial actian (as eithe�r an
<br />individual litiganC or the rne;mber of a class) that arises from the othar party's a�tivns p�t to this
<br />Security Ins�t or that allcges that the othcr paRy has breached any provision of, vr any duty oa+ed by
<br />reason of, this Sacurity InaCnurient, until such Barrower or L.ender has nod�ed the other PaRY (with such
<br />notice given iva compliance with the requiremetxts of Section 15) of such alleged breach and afforded the
<br />other partY hereto a reasonablc period after tbe giving of such noticc tb take corcective action. If
<br />Applicable Law provides a tiXt� period which nau.st elapse before certain action can be taken, that time
<br />period will bc deem� to be reasonable for pu�rpases of this paragraph. Thc �tice af acceleration and
<br />opportuniry to cure given to Horrower pursuaut to Section 22 at�d the noCice of aaceleration given to
<br />Horrower puusu.ant to Sectian 18 shall be dee� to satisfy the narice and opportunity to take corrective
<br />actian provisior�s of tltis Saction 20.
<br />21. Hazardous Stib�tances. As used in this Se�tion 21: (a) "Hazar�dous Substances" are those
<br />substances d�fi� as toxic ar haxardous substances, pollutants. or wastes by Environ�ntal Law and the
<br />�O�IOWIAg Sl1b3t8I1C�!S gasoline, kerosene, ott►�r fla�nmable or ipxic pctroleum products, wxic pesticides
<br />and herbicides, volatile solvents, matenials containing asbestos or forn�alde�yde. and radio�tive materials;
<br />(b) "Environmenial Lavv" �s fedcral laws and laws of the jurisdiction vahere t� Pruperty is located that
<br />relate to health, safety or environmenCal protection; (c) "Environm�tal Cleanup" includes any response
<br />action, remadial aativn, or removal action, as defined in Environnn�ntal Law; and (d) an"Environmental
<br />Conditian" means a cnndirion tbat can cause, contrihute to, ar otherwiise trigge.r an Envunntnental
<br />Cleanup.
<br />Borrower shall �t cause ar per�nit the presenoe, use, disposal, starage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Stibstances, on or in the Properiy. Horrow�r st�ll not do,
<br />xwr �roW �yo� �� � ao , anything a�fecring the Praperty (a) that is i.n violation of �y Environmental
<br />I,,aw, (b) whir�x creates an Enviromxsental Condition, or (c) which, d� to the pr�e.nce, use, or releaae af a
<br />Hazardous Substance, creates a condition that adversely affects the vai� of the Property. The pneceding
<br />two sente�es shall ,not apply to the presence� use, or swrage an tl�e Froperty of small quandties of
<br />Hazardous 5ubstances that are generally recognized tn'be appmpriate to narn�al r�sidential uses and to
<br />maintenancc of the Property (�in�cluding, but not limited to, hazardous substances in� consumer products).
<br />Bornower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other actia�n by any gover�unental ar t�egulatory aget�y �r private party involving the Property an�d any
<br />Hazardous S�bstance or �Environmental Law of which Borrowet has actual knowledge, (b) anY
<br />Enviroiux�ental Condition, including but not limited W, any spilling, leaking, discharge, relcasc ar threat of
<br />rel�ase of any Hazardous Substance, and (c) any condition caused by the p�sence, use or release of a
<br />Hazardous S�bsta�nce wluch adversel�r aff�cts tixe value of the Property. If $ormwer leams, or is �tified
<br />NEBRASKq -$inplo Fsmily - Fermip Meie/Fr�ddis Mac UNIFQRM INSTRUM�tT
<br />��$(NE) (OB71) peqp 12 of 18 IdtlMe� �ORII ��28 �/Q�
<br />i�
<br />, e.
<br />
|