|
201100f35
<br />20. Sale of Note; Change of Loan ServiCer; Natice of Grlevance. '1'he Note or a psrtial interest in
<br />the Nate (tagether with this Security Tnsp�ument) can be sold one or rnora times without prior nobice to
<br />Sorrawer. A sale might result in a change in the entity (l�awn as the "Loaan Servieer") that colle�ts
<br />Periodic Payments due under the Note and this S�urity Instrumvnt and performs other mortgage loan
<br />serv�icing obligarions under tlae Nate, this Security Instruixaent, and Applicable Law. There alsa might be
<br />ane or mare changes of the Loan 5ervicer unrelate� to a sale af the Note. If there is a change of the Loan
<br />Servic�r, Bnrrower wi11 be given written notice of the change wbich will state the name and address of the
<br />new L.oan Servicer, the address to which paymcnts should be made and any other infonmation RESPA
<br />requirea in cotna�tion with a notice of transFer of servicing. If the Note is sold and thereafter the Loan ia
<br />serviced by a Loan Servicer other tkian the purchager of the Note, the mortgage laan servicing obligations
<br />to Bo:rrower will remain wi.tk� the T.oan Sezvicer ar be transferred to a successar Loan Secvicer and are not
<br />asaumed by the Note purchaser unl�ss otherwise provid�i by the Note purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a alass) that arises from the ather party' s actions pwrauant to thia
<br />Security Insbrument or that alleges that the other party has breached any provision o� or any duty owed by
<br />reaspn of, this Security Instrument, until such Borrower or Lender hss notified the other pariy (with such
<br />notice given in compliance with the requirzments of Section 15) of such alleged breach and affarded the
<br />other pariy hereto a reasonable period after the giving of sucla norice to take corrective action. If
<br />Applic:able Law provides a tirne period which must elapse befare certain action can be taken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />oppoztunity to cure given to Harrower pursuant ta Section 22 and the notice of ecceleration givan to
<br />Borrower pursuant to Section l8 shall be deemed to satisfy the notice and opportunity to take carxective
<br />achion provisions of this Section 20.
<br />21. Hazardous Substances. As usai in this Section 21: (a) "Hazardous �tbstances" are those
<br />substances defined as toxic or hazardous substmices, pollutants, ar wastes by Environmental Law and the
<br />followiing substances: gasoline, karosene, other flarnmable or toxic petroleum prpducts, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbeatos or formaldehyde, and radioactive rnaterials;
<br />(b) "Environn�ental I.aw" means federal laws and laws of the jiuisdiction where the Property is located that
<br />relate to healih, safety or envixonmental prntection; (c) "Envix�onmental Cleanup" includes any response
<br />actio4 remedial action, or xemaval achion, as defined in Enviranmental Law; and (d) an "Enviranrnental
<br />Condition" mea�s a condition that can cause, contribute to, or otherwise trigger an Environmental
<br />Cleanup.
<br />Borrowcr shall nat cause or permit the presence, use, disposal, starage, or release of any Ha�rdaus
<br />Substances, or threaten to release any Hazardous S�bstances, an or in the Property. Borrower shall not do,
<br />nor alipw anyone else to do, anything affecting tha Property (a) that is in violarion of any Environmental
<br />Law, (b) whiah creates an Enviranrnental Conditian, or (c) which, due to the presence, use, ar release of a
<br />Ha7ardou�,s Substance, creates a condirian that adversely affects the value of the Property. Tlue preceding
<br />two sentances ahall nnt apply to the presence, use, or storage on the Property of small quantities of
<br />�-Iazardaus S�bstances that are gene�rally r�ognized to be appropriate to normai residential uses aud to
<br />maintenance of the Property (including, but not limited to, hazardous substances in consumer pr�ducts).
<br />Barrower shall p�romptly give Lender written noiice of (a) any investigation, claina, demand, lawsuit
<br />or other action by any gavernuiental or regulatory agency ar private party involving the Property and any
<br />Hazardous Snbstance or Environmental Law of which Horrower has actual knowledge, (b) any
<br />Enviranmental Condi.tion, including but not limited to, any spilling, lea]dng, discharge, release or threat of
<br />release of any Hazardous 5ubstance, an.d (c) any candition caused by the presence, use or release of a
<br />Hazardous Substance which adversely afFects the value of the Propert.y. If Barrower learns, or is notifie.cl
<br />by any governmental ar regulatory authority, or any private party, that any rez»oval or other remediation
<br />of arny Hazardaus 5ubstance affecGing the Property is necessary, Horrower shall pramptly take a11 necessary
<br />remedial actions iu accordauce with Environm�ntal L.aw. Nothing herein shall create any obligation on
<br />L,ender for an Environmental Cleanup.
<br />2200081627 D v6ANE
<br />NEBRASKA - Single Famfly -�nnfu Mae/Fr�ddle Mac UNIFORM INS1'FtUMENT WITH
<br />�$A(Nq coeio� Pepe 12 W 15 inn�ek� �� S02$ 7/07
<br />m
<br />
|