Laserfiche WebLink
2�1009650 <br />shall remain fully effective as if no acceleration had occurred. However, this right to rainstate sha11 not <br />apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Nntice of Grievance. The Nate or a partial interest in <br />the Note (together vvith this Security Instrument) can be sold ane or mare times withaut prior notice to <br />Borrower. A sale might result in a change in the entity (lrnown as the "Loan Servicer") that collects <br />Periodic P�yments due under the Note and this Security Instrurnent and performs ather mortgage loan <br />servicing obligations under the Note, this Security Instrurnent, and Applicable Law. There also might be <br />one or more changes of the Loan Servicer unrelated to a sale of the Nate. lf there is a change of the Loan <br />Servicer, Borrower will be given written notice of the change which will state the name and address of the <br />new Loan Servicer, the address to which payrnents should be rnade and any other information RESPA <br />requires in connection with a notice of transfer of servicing. Tf the Note is sold and thereafter the Loan is <br />serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not <br />assumed by the Note purchasex unless otherwise provided by the Note purchaser. <br />Neither Borrower nox I.,ender may comrnence, 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 Jnstz�ument 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 notified the other party (with such <br />notice given in cornpliance with the requirements of Section 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 provides a tirne period which rnust elapse before certain actian can be taken, that time <br />period will be deerned to be reasonable for purposes of this paragraph. The notice af acceleration and <br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleratian given to <br />Borrower pursuant to Section 18 shall 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 defined as toxic or hazardous substances, pallutants, ar wastes by Environmental Law and the <br />following substances: gasalin�, kerosene, other flammable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvenCs, materials containing 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 environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or rernoval action, as defined in Bnvironrnental Law; and (d) an "�nvironmental <br />Condition" means a condition that can cause, cantribute to, or otherwise trigger an�nvironmentai <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardaus <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 Environmental <br />Law, (b) which creates an Environmental 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 small quantities of <br />Hazardous SubsCances 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 consurner products). <br />Borrower shall promptly give L,Qnder written notice of (a) any investigation, claim, demand, lawsuit <br />ar ather action by any govern.mental or regulatory agency or private party involving the Property and any <br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any <br />�nviron�mental Condition, including but not lirnited 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 adversely affects the value of the Property. If Borrower learns, or is notified <br />NEBRASKA - Single FBmily -�annia Mae/Fr�ddie Mac UNIFOFIM INS7RUM�N7 � <br />�-6�NE) �oat tl Page 12 of 15 i��s�ais: " �� Form 3028 1/01 <br />� • <br />