|
����V����
<br />shall rernain fully effective as if no acceleration had occurred. Hawever, this right to reinstate sha11 not
<br />apply in the case of acceleration under Section 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Nate (together with this Security Jnstrument) can be sold one or more tirnes without prior notice to
<br />Borrawer. A sale might result in a change in the entity (known as the "Loan Servicer") that callects
<br />Periodic Payments due under the Note and this Security Instrument and perfo�nns other mortgage 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 natice of the change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be rnade and any other information 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 than the purchaser of the Note, the mortgage loan servicing obligations
<br />ta Borrower will rernain with the I.,oan Servicer or be transferred to a successor I.,oan Servicer and are not
<br />assurned 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 rnember 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 />reason of, this Security Instrurnent, until such Borrower or Lender has notified the other party (with such
<br />notice given in cornpliance with the requirements af Section 15) of such alleged breach and afforded the
<br />other party hereto a reasonable period after the giving of such natice to take corrective action. Tf
<br />Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br />period will be deemed ta be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration givean 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 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 />fallowing substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive material.s;
<br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br />relate to health, safety or environmenCal protection; (c) "Environrnental Cleanup" includes any response
<br />action, remedial actian, or removal 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 shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />5ubstances, 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 violatian 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 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 lirnited to, hazardous substances in consumer products).
<br />Barrower shall promptly give I..ender 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 />Environmental Condition, including but not limited to, any spilling, leaking, dischaxge, release or threat of
<br />release of any Hazardous Substance, and (c) any candition caused by the presence, use or release af a
<br />Hazardous Substance which adversely affects the value of the Property. If Boxrower learns, or is notified
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) loai i1 Paga 12 ot 15 in�t�eis: Form 3028 9l09
<br />�
<br />
|