|
�01iQ02�G
<br />shall remain fully effective as if no acceleration had occurred. However, this ri�ht to reinstate shall not
<br />apply in the case of acceleration under Section 1S.
<br />20. Sale of Note; Change of Laan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with this Security Instrurnent) can be sold one 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 />Feriodac Payrnents due under the Note and this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this 5ecurity lnstrument, and Applicable Law. There also might be
<br />one or nnore ck�anges of the Laan Servicer unrelated to a sale af the Note. If there is a change of the Loan
<br />Servicer, Borrower wall be given written notice of the change which r7vi11 state the name and address of the
<br />new Loan Servicer, the addresa to which payments should be made and any other infprrnation 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 thara the purchaser of the Note, the mortgage loan servicing obligatipns
<br />to Borrower will remain with the Loan Servicer or be transFerred to a succeasor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided 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 class) that arises from the other party's actions pursuant to this
<br />Security Instrumenc or that alleges that the other party has breached any pravision of, or any duty owcd by
<br />reason pf, this Security Instrument, until such Borrawer or Lender has noti�ed the other party (with such
<br />notice given in compliance with the requirementa 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 carrective action. If
<br />Applicable Law provides a time perind which must elapse before certain action can be taken, that time
<br />period will be deemed to be reationable for purposes of 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 tn
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Sectiora 20.
<br />Z1. Hazardous 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 />follpwing substances: gasoline, kerosene, other flanunable or toxic petroleurn products, toxic pesticides
<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 Praperty is located that
<br />relate to health, safety ar envirpnmental protection; (c) "Enviranmental Cleanup" includes any response
<br />action, remedial action, or removal actian, as defined in Environnaental Law; and (d) an "Environmental
<br />Condition" means a condition that can cause, contribute to, or atherwise trigger an Enviranmental
<br />Cleanup.
<br />Borrower shall nat cause or permit the presence, use, disposal, starage, or release af any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor a11ow anyone else to do, anything affecting the Property (a) that is in violation of any Envirpnm�ntal
<br />Law, (b) which creates ax► Eanvironmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition that adversely affects the value af the Property. The preceding
<br />twa 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 cansumer products).
<br />Sorrawer shall prompCly give Lender written natice of (a) any investigation, claim, demand, lawsuit
<br />or other actipn by any governmental or regulatory agenoy or private party involving the Property and any
<br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
<br />Environxnental Condition, including but not limited to, any spilling, leaking, dascharge, release or threat of
<br />release pf any Hazardous Substance, and (c) any candition caused by the presance, use or release of a
<br />Hazardous Substance which adversely affects the value of the Property. If Sorrower learns, or is notified
<br />231037
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B�NE) (D811) Page 12 of 15 m���ai : Form 3028 1/01
<br />�
<br />
|