|
2oioo93�0
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case of acceleratian under Section 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with this Security Instrumenf) can be sold one or more times without priar 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 this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security lnstrument, and Applicable Law. There alsa might be
<br />one or more changes of the Loan Servicer unrelated tn a sale of the Note. If there is a changa 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 payxz�enta should be made and any other information RESPA
<br />requires in connection with a natice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />serviced by a Loan Servicer ather than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borarower will remain with the Loan Servicer or be transferred to a successor Laan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor Lender may co�unence, 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 actians pursuant to this
<br />Security lnstrument or that alleges that the ather 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 5ection 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 prnvides a time period which must alapse before certain action can be talcen, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice af acceleration given to
<br />Borrower pursuant to Section 1 R sha11 be deemed to satisfy the notice and opportunity 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 de�ned as toxic or hazardou� substances, pollutants, or wastes by Envirnnrnental Law and the
<br />following substances: gasoline, kerosene, other flammable nr toxic petroleuxn products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or farmaldehyde, and radioactive materials;
<br />(b) "Enviroanmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safety or environmental protection; (c) "Environxnental Cleanup" indudes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental
<br />Condition" means a conditipn that can cause, contribute to, or otherwise trigger an Environmental
<br />Cleanup.
<br />Borrawer shall not cause or permit the presence, use, ditiposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Bprrower shall not do,
<br />nor allaw anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environrnental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a conditian that adversely affects the value of the Property. The preceding
<br />two sentencea 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, hazardaus substances in consumer products).
<br />Borrower sha11 promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substa�nce 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 5ubstance, and (c) any condition caused by the presence, use or release of a
<br />Hazardous Substax�ce which adversely af£ects the value of the Property. If Sorrower learns, or is notified
<br />231003
<br />NEBRASKA - Single Family - Fannle Ma�/Freddie Mac UNIFORM INSTRUMENT �� �
<br />�-6�NE) �oei�� Page 12 of 15 Initials: Fo�m 30Z8 1101
<br />�
<br />
|