|
�01100580
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall 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 Note (together with this Security Instnunent) can be sold one or more times without prior notice to
<br />Borrower. A sale might result in a change in the entity (lmown as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. T'here 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, Bonower will be given written notice of the change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be made 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 />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 />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individuai litigant or the member 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 Instrument, until such Bonower or Lender has notified the other party (with such
<br />notice given in compliance with the re4uirements 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 corrective action. If
<br />Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br />period witl be d� to be reasonable for purposes of this paragraph. The norice of acceleration and
<br />appartunity to cure given to Bonower pursuant to Secrion 22 and the noriee of aeceleration given to
<br />Barrawer pursuant ��ecrion I8 shail be deemect to satisfy ttze notice and appci?rtuuity to take corrective
<br />action provisiorss of tius Seetion 20.
<br />2l. Hazardoe�s Substances. As used in this Section 21: (a) "Hazar�ous Su�stances" are those
<br />� c�efi� � to� or hazu�OVS subst�es, paittut�ts, or vvastes by Faviro�mental Law and the
<br />f�vring se�sta�ces: gaso�ir�e, �e, c�t�ser �2a�Ie or tn� petmieum proct�ts, tolcie pesticides
<br />a�ci �rbieic�es, val�atiie sdve�, materiais c�taini�r.g asbestos ar fQamartde�eyde, a� ra�ioa�etive materiais;
<br />(b) "Envirafunern�l Lavr" m� federal Iaws and laws af the jurisdiction w��re the Property is Iocated that
<br />re}ate to heaiCh, safety or environmental protection; (c) "Environmentai Cleaaup" includes any response
<br />action, remedial actiQn, 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 />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 Environmental
<br />Law, (b) which ereates 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 vatue of the Property. The preceding
<br />two sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of
<br />Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to
<br />maintenance of 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 Bonower has actual lrnowledge, (b) any
<br />Environmental 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 />NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) (08� �1 Page 12 of 15 �nitials: � Form 3028 1/01
<br />�
<br />:: . �? .
<br />
|