|
�aiaa����
<br />ii��os�s��
<br />with this Security Instrument) can be sold one ar more times without priar notice ta Borrower. A sale might result in a change
<br />in the entity (known as the "Loan Servicer") that collects Perrodic Payments due under the Note and this Security Instrument
<br />and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There
<br />also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the I�oan
<br />Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Scrvicer,
<br />the address to which payments should be made and any other information RESPA r�quires in connection with a notice of
<br />transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the
<br />Note, the mortgage laan servicing obligations to Borrower will remain with the Loan ServiCer or be transferred to a successor
<br />Loan Scrvicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor Lender may comm�nce, join, or be joined to any judicial action (as either an individual litigant
<br />or the member of a class) that arises f'rom the other party's actions pursuant to this Security Instrument or that alleges that the
<br />pther party has breached any provision of, or any duty owed by rcason of, this Security Instrument, until such Borrower or
<br />Lendcr has natified th� other party (with such notice given in compliance with the requirements af Section 15) of such alleged
<br />breach and aff'arded the other party hereto a reasonable period after the giving of such notice to take corrective action. lf
<br />Applicablc Law provides a time period which must elapse before certain action can be taken, that time period will be deemed
<br />to be reasonable for purposes of this paragraph. The natice of acceleration and appartunity to cure given to Borrower pursuant
<br />to Section 22 and the notice of acceleration given to $orrower pursuant to Section 18 shall be dec;med to satisfy the notice and
<br />opportuniry to take corrective actian pravisions of this Section 20.
<br />21. Nazardous Substances. As used in ihis Section 21: (a) "Hazardous Substances" are those substances de�ned as
<br />toxic or hazardous substanccs, pollutants, or wastes by Environmcntal Law and thc following substanccs: �asoline, kcrosene,
<br />othcr flammable or toxic petroleum products, toxic pesticides and herbicides, volatile salvents, materials containing asbestos or
<br />formaldehyde, and radioactive macerials; (b) "Environmental Law" means fadaral laws and laws of the jurisdiction where the
<br />Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response
<br />action, remcdial action, or removal action, as de£med in Environmental Law; and (d) an "Environmental Candition" means a
<br />condition that can cause, contribute to, or otherwise trig�er an Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or releasa of any Hazardous 5ubstances, or
<br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
<br />anythin� affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
<br />Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely
<br />affects the value of the Property. The preceding two sentences shall nat apply to the presence, use, ar storage on the Property of
<br />small quantities of Hazardous Subsiances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance af the Property (includin�, but not limited to, hazardous su6stances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by
<br />any governmcntal or regulatory agcncy or private party involving thc Property and any Hazardous Substance or Environmental
<br />Law of which Borrower has actual knowledge, (b) any �nvironmental Condition, including but not limited to, any spilling,
<br />leaking, discharge, release or threat af release of any Hazardous 5ubstance, and (c) any condition caused by the presence, use
<br />or relcase of a C�iazardous Substance which adversely affects the valu� of the Prop�rty. If Borrower I�arns, or is notified by any
<br />governmental ar regulatary authority, or any private party, that any removal or other remediation of any Hazardous Substance
<br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordancc with
<br />�nvironmental I.aw. Nothin� herein shall create any obli�ation on I,ender for an Environmental Cleanup.
<br />NON-UNiF'ORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />2z. Acceleratipn; Remcdies. Lender shall give notice to Borrpwcr pripr to acccleration fpllpwing Bqrrpwer's
<br />breach of any covenant or agrcement in this Security Instrument (but not prior to acceleration under Section 18 unless
<br />Appli�able Law provides otherwise). The notice shall specify: (a) the default; (b) the a�tion required to cure the default;
<br />(c) a date, nat Iess than 30 days from the date the notice is given to Borrower, by which the default must be cured; and
<br />(d) that failure to cure the default on or before the date specified in the notice may result in �cceleration of the sums
<br />secured by this 5ccurity Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration and sale. lf the default is not cured on or before the date specifed in the notice,
<br />Lendcr at its aption may require immcdiate payment in fuq of all sums secured by this Security Instrument without
<br />NEBRASKA--Single Family--Fannie Mac/Freddie Mac UNIFORM INSTRUMENT
<br />� 338.2 Page l0 of 12 H'orm 3028 1lpl
<br />
|