|
2fl1�0����
<br />sha11 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 l$.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievarnce. The Note or a partial interest in
<br />the Note (together with this Security Instrument) can be sold one or mare times without prior notice to
<br />Borrower. A sale might result in a change in the entity (lrnown as the "L.oan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Insttvment and performs other mortgage loan
<br />servicing obligations under the Note, this S�curity Instrument, and Applicable Law. There alsa might be
<br />one or mare changes of the Loan Servicer unrelated to a sale of the Note. If there is a change af the L.oan
<br />Servicer, Borrower will be given written notice of the ehange which will state the natne 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 L,oan is
<br />serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loax�. servicing obligations
<br />to $orrower will remain with the Laan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchas�r unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor L.ender may comrnence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a class) that a�'ises from the other party's actions pursuant to this
<br />Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by
<br />reason of, Chis Security Instrument, until such Borrower or Lender has noCified the other party (with such
<br />notice given in compliance with the requirernents of Section 15) of such alleged breach and afforded the
<br />other party hereto a reasonable period after the giving of such notice to Cake corrective action. If
<br />Applicable Law provides a time periad which xnust elapse before certain action can be taken, that time
<br />period will be deemed to be reasonable far purposes of this paragraph. The notice of acceleration and
<br />opporlunity to cure given Co Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower pursuant ta Section 18 shall be deemed to satisfy the notice and opporlunity to take conective
<br />action provisions of this Section 20.
<br />21. Hazardous Substances. As used itt 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 flammable or toxic petroleum products, taxic pesticides
<br />and herbicides, volatile solvents, materia�s containing asbestos or formaldehyde, and radioactive materia�s;
<br />(b) "Environmental Law" meatzs fedez'al laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safety or environrnental protection; (c) "Envirnnrnental Cleanup" includes any response
<br />action, rem�dial action, or removal action, as de�ned in Environmental Law; and (d) an"Enviranmental
<br />Condition" rneans a condition that can cause, contribute ta, or otherwise trigger an Environmental
<br />Cleanup.
<br />Borrower shall not cause or pernut the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release acxy Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyane else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environimental 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 shall not apply to the presence, use, or storage on the Property of srnall quantities of
<br />Hazardous Substances that are generally recognize� ta be appropriate to normal residential uses and to
<br />maintenance of the Property (including, but noc limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lendex written natice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governmental or reguJatory agency or private party invalving the Property and any
<br />Hazardous Substance or Envirnnmental Law of which Borrawer 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 cause�i by the presence, use or release of a
<br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7
<br />�-6�NE) lo8tt� Psge 12 of 15 i��c�ais: Form 3d28 7/p1
<br />�
<br />.. Zl�.r 1` ,
<br />
|