Laserfiche WebLink
���.ifl���� <br />shall remain fully effective as if na acceleration had occurred. However, this right to reinstate shall not <br />apply in the case of acceleratio�i under Section 18. <br />20. Sale oT Npte; Change af Loan Servicer; Notice of Grfevance. 'I'he Note or a partial interest in <br />the Note (together with this Security Instrumentj can be sold one or m.ore times without prior natice to <br />Borrower. A sale might result in a change in the entity (knawn as the "Loan Sezvicer") that collects <br />Periodic Payments due unc3er the Note and this Security Tnstrument and performs other mortgage ]oan <br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also n�ight be <br />one or moxe changes of the Loan Servicer unrelated to a sale af the Note. If there is a change of tk�e Loan <br />Servicer, Borrower will be gaven writCen notice of the chan�e which will state the name and address of the <br />new Loan Servic�r, the address to which payments should b� made arzd any other information RFSPA <br />reguires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is <br />s�rviced by a Loan Servicer other than the purchaser pf' the Note, the mort�age loan servicing obligations <br />to Barrower will remain with the Laaai 5ervicer or bc transfenred to a successor Loan Servicer and are not <br />assumed by the Note purchaser unless atherwise provided by the Note purchaser. <br />Neither Sarrower nor Lender may commence, join, or be ,joined to any judieial 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 />reasoxi of, this 5ecurity Instrument, until such Borrower or Lender has natified the other party (with such <br />notice given in compliance with the requirernents of Section IS) of such alleged breach and afforded the <br />other parky hereto a reasonable period after the giving of such notice to take corrective action. If <br />Applicable Law provides a time �eriod which rnust elapse before certain action can be taken, that tztne <br />period will be deemed to be reasonable for purposes of this paragraph. Thc natice of acc�leration and <br />opp�rkunity to cure given to Bonrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Section l8 sha11 be deemed to satisfy the notice and opportunity to take corrective <br />action provisions of this Section 20. <br />21. Haaardous Substances. As used in 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 />foIlpwing substances: gasoline, kerosene, other #lammable or toxic petroleuxn products, toxic pesticides <br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; <br />(b) "Enviranrnental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate ta health, safety or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or rempval action, as defined 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 shalt not cause or permit the presence, use, disposal, storage, or release o£ any Hazardous <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 affectinb the Property (a) that is in vinlation of any Environmental <br />Law, (b) which creates an �nvironrnental Condition, or (c) which, due to the presence, use, or release of a <br />Hazardous Substance, creates a condition that adv�rsely 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 Substances that are generally recognized to be appropriate to normal residential uses and to <br />maxntenance of the Property (including, but not limited ta, hazardous substances in consumer products}. <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit. <br />or other acCion by any governmental ar regulatory agency or private party involving the Froperty and any <br />Hazardous Substance or Environmental Law of which Barrower has actual knowledge, (b) any <br />Envir�nrnental Condition, includin� but not limited 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 o£ a <br />Hazardous Substance which adversely affects the value of the Property. If Sorrower learns, or is noti�ed <br />z�1o26 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7' <br />�•6�NE) �oaii� Page 12 of 15 Initial Form 3028 1/p1 <br />c� <br />U � <br />