|
201101��N
<br />sha11 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 (known 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 Securiry 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 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 inforniation 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 Bonower nar 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 />Securiry 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 Borrower or Lender has notified the other party (with such
<br />notice given in compliance with the requirements 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 />Agplicable Law pmvides a tune period which must elapse before certain action can be taken, that tune
<br />period wilI be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportuiTity to cure given to Borrower gursuant to Section 22 and the norice of acceIeration given to
<br />Borrower pursuant to Secrion I8 shatl t� deerned to sarisfy the notice and opportunity to take corrective
<br />action pravisions of this Seetion 20.
<br />Zl. �Ia.z�rd�� Substa�ce..s. As used in t2us Secrion 22: (a) "Fiazardous Substances" are those
<br />substaicces defined as toxic or hazardous substances, pollutants, ar wastes by Environmental Law and the
<br />following substances: gasoline, kerose�ne, other flanlmable ar tQxac petroleum products, toxic pesticides
<br />and herbicides, votatile soTverns, materiats ccsntaining asbestos or formaldehyde, and radioacti�e materials;
<br />(b} "Envimnmental I.aw" �ans federal Iaws anc� Iaws of the jurisdietion where the Property is located that
<br />relate to heaIth, safety or enviror�nentaF protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal actian, as defined in Enviro�ncat Law; and (d) an"Environmental
<br />Condition" means a condition tTiat can cause, contribute to, ar otherwise trigger an Environmental
<br />Cleanup.
<br />Bonower shall not cause or pernut 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 allow anyone else to do, anything affecting the Property (a) that is in violation 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 starage 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 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 5ubstance or Environmental Law of which Borrower has actual knowledge, (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 - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) losi i1 Page 12 of 15 �nitials: Form 3028 1/01
<br />�
<br />�
<br />��
<br />
|