|
�oiao9s��
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case of acceleration 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 wiCh this Security Instrument) can be sold one or more times without prior notice co
<br />Borrower. A sale might result in a change in the entity (knawn as the "Loan Servicer") Chat callects
<br />Periodic Payments due under the Note and this Security Tnstrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security Inst�►unent, and Applicable Law. There also might be
<br />one or more chang�s of the Loan Servicer unrelated to a sale of the Note. If there is a change of the L.oan
<br />Servicer, Borrawer 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 paytnents should be made and any othex infarmation 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 mortgage loan servicing obligations
<br />ta Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither $orrower nor Lender rnay commence, 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 Instrument or that alleges that the other party has breached any provision of, or any duty owed by
<br />reason of, this Security Instrument, until sueh Borrower or Lender has notified the other party (with such
<br />notice 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 of such natice to take corrective action. If
<br />Applicable Law pmvides a tirne period which must elapse before certain action can be taken, that time
<br />period will be deemed tn be reasonable for purposes of this garagraph. The notice af acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower pwrstaant tv Section I8 shall be deerned to satisfy the notice and opportunity to take carrective
<br />actian provisions of this Section 2p_
<br />2l. HAr,�rdous Sub�t�nccs. As used in this Section 21: (a) "Hazardous Substances" are khose
<br />sultistances defined as taacic or hazardous substances, polTutam�, or wastes by Envirox�rxiental Law and the
<br />following substa�ces: gasatu7e, k�ems�ae, ocher flammabTe or toxic petro(eum products, toaic pesticides
<br />and herbicictes, volaEitle saIvexrts, materials containing asbestos or formaldehyde, and radioactive rnaterials;
<br />(b) "EnvironmernaI Law" me��s fecleral laws and laws of the jurisdiction where the Property is Iocated that
<br />relate ta health, safety or environmental protection; (c) "En�ironrnental Cleanup" includes any response
<br />action, remedial action, or removal action, as de�ned in Environmental Law; and (d) an "Environmental
<br />Condition" means a condition that can cause, contribute to, 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, ar 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 �nvironmental 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 Proparty. 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 L.ender written notice of (a) any investigation, clairn, dernand, lawsuit
<br />or other action by any govertunental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or EnvironrnenCal Law of which Borrower has actual knowledge, (b) any
<br />Enviranmental Condition, including but not limited to, any spilling, leaking, discharge, release ar 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 Boz�tower learns, or is noti�ed
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) losi �1 Page 12 ot 15 i��c�ais: Form 3U28 9/09
<br />�
<br />. �
<br />� �I • . . >
<br />��,
<br />�
<br />
|