Laserfiche WebLink
2U100928� <br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall nat <br />apply in the case of acceleration under Section 1$. <br />20. Sale of Nate; Change of Laan Servicer; Notice of Grievance. The Note or a partial interest in <br />the Note (tagether with this Security Instrument) can be sald ane ar more times without prior natice 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 this Security Instrument and performs other rnortgage loan <br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also rnight be <br />one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan <br />Servicer, Borrower will be given written notice of the change which will state the narne and address of the <br />new Loan Servicer, the address to which payments should be made 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 the Note, the mortgags loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not <br />assurned by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Bonower nor L,�nder may cornmence, 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 Instrurnent or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender has noti�ed the other party (with such <br />natice 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 af such notic� ta 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 purposes of this paragraph. �he notice af acceleration and <br />apportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Barrower pursuant to Section 18 shall be deemed to satisfy the notice and oppo�tunity to take corrective <br />action provisions 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 hazardous substances, pollutants, or wastes by Environmental Law and the <br />following substances: gasoline, kerosene, other flamnlable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvents, materials cantaining asbestos or 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 environxnental protection; (c) "Environmental Cleanup" includes any respanse <br />action, remedial action, or remaval action, as defined in Environmental Law; and (d) an"Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an�nvironmental <br />Cleanup. <br />Borrower shall not cause or permit 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 allow anyone else to do, anything affecting the Property (a) that is in violation of any Environrnental <br />Law, (b) which creates an Enviranmental 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 Praperty. The preceding <br />two sentences shall 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 promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit <br />or other action by any governrnental or regulatory agency or private party involving the Property and any <br />Hazazdous Substance or Environmental Law of which Borrower has actual knowledge, (b) any <br />Environmental 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 adv�rsely affects the value of the Property. If Barrower leazns, or is notified <br />NEBRASKA - Single Family - Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT �� <br />�-6�NE) Ioettl Page 12 of 15 Initlals: �(� � Form 302$ 9/09 <br />. � � �� �E ti :i P�� � <br />