Laserfiche WebLink
2oii000so <br />20. Sale of Note; Change af Loan Servicer; Notice of Grievance. 'I'he Note or a partial interest in <br />the Note (together with this Security Instrument) can be sold ane or more times without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects <br />Periodic Payments due under the Note and this 5ecurity Instrument and performs other mort�age loan <br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be <br />one or more changes of the Loan Servicer unrelated to a sale of the Note. If 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 af the <br />new Loan Servicer, the address to which payments should be made artd any other information iZESPA <br />requires in connection with a notice of transfer of servicing. If the Nate is sold and thereafter the Laan 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 purchaser unless otherwise provided by the Note purchaser. <br />Neithar Borrowar nor Lendar may cornrnence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises frorn the other party's actions pursuant to this <br />Security Instrument or that alle�;es that the other party has breached any provision of, or any duty owed by <br />reason of, this Security lnstrument, until such Borrnwer or Lender has notified the other party (with such <br />notice given in compliance with the rec�uirements of Section IS) of such alleged breach and affarded the <br />ather party hereto a reasonable period after the �;ivin�; of such notice to take corrective action. If <br />Applicable Law pravides a time periad which must elapse before certain action can be taken, that time <br />period will be deemed to be reasonable for purposes af this para�;raph. The notice of acceleration and <br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration 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 Sabstances. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazat�dous substances, pollutants, or wastes by Environmental Law and the <br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticid�s <br />and herbicides, volatile solvents, 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 environrnental protection; (c) "Environrnental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Envirpnmental Law; and (d) an"Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an �nvironmental <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of 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 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 sentances shall not apply to the pr�sence, 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 af the Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit <br />or other action by any governmental 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 />�nvironmental Condition, including 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 of a <br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified <br />by any governmental ar regulatory authority, or any private pariy, that any removal or other remediation <br />af any Hazardous Substance affecting the Property is necessary, Sorrower shall promptly take all necessary <br />remedial actions in accordance with Environrnental Law. Nothing herein shall create any obligatinn on <br />Lender for an Environmental Cleanup. <br />8800916903 8$00916903 <br />NE8RA5KA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT W17 ERS <br />�-6A�NE) �oaio� Page 12 of 15 �nitia� : LForm 3028 1/01 <br />� <br />