Laserfiche WebLink
�o��oo��� <br />shall remain Fu11y effective as if no acceleratic�n had occurred. Howevc:r, this ri�ht to reinstate shall not <br />apply in thc case of acceleration under Section 1$. <br />20. Sale of Note; Change af Loan Servicer; Notice ot' Grievance. The Note or a partial interest in <br />the Note (together with this Security Tnstrurnent) can bc sold one or rnore times without prior notice ta <br />Sorrower. A sale might result in a c:hange in the entity (known as the "I,oan Servicer") that cc►llects <br />Periodic Yayments due under the Notc and this Sccurity Instrument and �crforms other mortgage loan <br />servicing obligafians undcr the Note, this 5ecurity Instrument, and Applicahle Law. There also might be <br />one or more changes of the Loan Scrvicer unrelaked to a sale �f Ihe Note. If Ihere is a change of the J,oan <br />Servicer, Borrcywer will be given written notice of the change which will state the name and address c�f the <br />ncw Loan Scrvicer, thc address to which paymcnts should bc made and any other information TtP.SPA <br />requires in c:annection with a notice of transfer af servicing. If the Note is sold and thereafter the I,c�an is <br />serviced hy a Loan S�rvicer other than the purchaser of the Note, the mc�rtgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be trar�sferred to a suecessor Laan Servicer and are not <br />assumed by the Note purchaser unless olherwise provid�d by the Note purchaser. <br />Neither Borruwer nor L.ender may c:ornmence, jcrin, or be joined to any judicial action (as either an <br />individual litigant crr the mcmber of a class) that aris�:s from the ��ther party'S actions pursuant to this <br />Security Instrument or thal alleges that th� other party har breached any provision af, or any duty owed by <br />reason c�f, this Security Tnstrumcnt, until such Borrower or I,ender has notified the other party (with such <br />notice given in compliance with the requirements of Sectio❑ 15) of such alleged brcach and afforded the <br />other parCy hereto a reasonable period after Ihe giving ot such notice to take cc�rrective action. If <br />Applicable Law provides a lime period which must elaps� before certain action can be taken, ihat time <br />period wi11 be decmed to be reasonable fnr purposes of this paragraph. The noticc of acceleratian and <br />opportunity to cure given to Borrower pursuant to Section 22 and [he notice af acceleration given to <br />T3c�rrower pursuant to Seclion 18 shall be deemed to satisfy the nolice and opportunity to takc corrective <br />action provisic�na of this Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardc�us Substances" are those <br />substances defined as toxic ur hazardous substances, pc�llutants, or wastes by Environmental Law and the <br />following substances: gasc�line, kerosene, ather flammable or toxic petroleum praducts, koxic pesticides <br />and herbicides, volatile solvents, materials cnntaining asbestos or formaldehyde, and radioactive mate.rials; <br />(b) "&nvironmental Law" mcans federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or cnvironmenlxl protection; (�) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Isnvironmental <br />Conditipn" means a condition tliat can causc, contribute lo, or otherwise trigger an Environmental <br />Cleanup. <br />Barrower shall not cause or permit the presence, use, disposal, storage, or release of any Hacardaus <br />Substances, or threaten to releasa any Hazardouti Substances, on or in the Praperty. �orrower shall not da, <br />nor allow anyone clse to do, anything af'fecting the Property (a) that is in vialation of any �nvironmental <br />Law, (b) which creates an �nvirorunental Conditic�n, or (c) which, due [o the presence, use, c�r release of a <br />Hazardc>us Substance, creates a condition that advearsely affects khe value of the Property. The preceding <br />two senCences shall not apply to khe presence, usc, or storage c�n the Property of small quantities of <br />Hazardcaus Substances that are gencrally recognized ka be appropriate to normal residential uses and to <br />mainteziance of the Property (including, but not limited to, hazardous substances in consumer products). <br />Bc�rrower shall promptly give L.ender writtcn notice of (a) any investigation, claim, demand, lawsuit <br />ax other action by any govcrnmental or regulatory agency or private party involving the Praperty and any <br />Hazardous Substan�e or �nvironmental I,aw of which Borrower has actual knowledge, (b) any <br />Environmenlal Candition, includin�g but nol limited to, any spilling, leaking, discharge, rclease or threat of <br />release of any Hazardous Substance, and (c) any conditic�n caused by the presence, usc: or release of a <br />IIazardous Substance which adversely affects the value of thc Property. Tf Be�rrower learns, ar is notified <br />NEBRASKA - Singls Family • Fannie Mae/Freddie Mac UNIFORM IN5TRUMENT <br />�-6�NE) foe� i� P� 12 of 16 init s Form 3029 1I09 <br />