2 01102624
<br />shall remain li�lly effective as if no acceleration had occurred. IIowcver, this right to reinstate shall not
<br />apply in thc casc of acccicration undcr Scction ] 8.
<br />20. Salc of Note; Changc of Loan Servicer; Notice of Grievancc. "The Note or a partial interest in
<br />thc- Note (together with this Security Instniment) can be sold onc or more times withoat prior notice to
<br />Borrower_ A sale might result in a change in the entity (known as ihe "Loan Servicer") that collects
<br />Periodic Paymenls due under lhe Nule and this Securily In�trument and perfonnti olher morlg:�ge loan
<br />servicing obligations under the Note, this Security I�istrument, �nd Applicable Law. There also inight be
<br />one or tnore 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 thc change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be inade and any other information RESPA
<br />rcquires in conncction with a noticc of transfcr of scrvicing. If ihc Notc is sold and thcrcaficr thc Loan is
<br />serviced by a Loan Servicer other than the purchaser of the Note, the morlgage loan servicing obligations
<br />to Bonower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />ansumed by the Note Purchaser unless othecwise provided by the Note purchaser_
<br />Ncilher F3orrower nor Lender may coimnence, join, ur be jciined lo any judicial aclion (as eilher an
<br />iudividual litigant or the member of a class) thai arises froin the other party's actions pursuant to this
<br />Security Instrutnent or that alleges that the other parly has breached any provision of�, or any duty owed by
<br />reason of, this Security Instniment, 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 />othcr party hcrcto a rcasonablc period aftcr thc giving of such noticc to takc corrcctivc action. If
<br />Applicable Law provides a tinle period which must elapse before certain action can be taken, that tiine
<br />period will be deemed to be reasonable for purposes of this paragraph. Thc nolice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrovver punuunt lo Secii�m 1 R nhul) be deemed to satisfy lhc n�dice and opportunily lu lakc currective
<br />actioti provisions of this Section 20.
<br />21. Hazardous Substanees. As used in this Section 21: (a) "I3azardous Substances" are those
<br />substances deiined as toxic or hazardous substances, pollutants, or wastes by Iinvirorvnental Law and the
<br />following substances: gasoline, kerosene, other flamtnable or taxic petroleum products, toxic pesticides
<br />and hcrbicidcs, volatilc solvcnts, matcrials containing asbcstos or fonnaldchydc, and radioactivc inatcrials;
<br />(b) "Enviromnental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br />relatc to heulth, satety or environmental protection; (c) "rnvironmental Cleamip" includes any response
<br />action, remedial action, or removal action, as detined in �nvironmental Law; a�d (d) an "rnvironmental
<br />('onciilion" meanti a cundiliun lhal can cuutie, cunlribuLc; lo, ur olherwise lrigger an F.nvironmenlel
<br />Cleanup.
<br />Borrowcr shall not cause or permit the presence, use, disposal, storage, or release of any FIazardous
<br />Substances, or threaten to release any FIazardous Substances, on or in the Properly. Borrower shall not do,
<br />nor allow anyone else to do, anything affecting thc Property (a) that is in violation of any Environmental
<br />Law, (b) which crcatcs an F.nviromncntal Condition, or (cl which, duc to thc prescncc, usc, or rcicasc of a
<br />Hazardous Substancc, crcatcs a condition that advcrscly affccts thc valuc of thc Property_ Thc prcccding
<br />two sentences shall not apply to the presence, use, or storage on the Properly of small quantities of
<br />Hazardous Substances that are gtnerally recognized to be approrriate lo norn�al residential uses and to
<br />inainlenance of lhe Property (inaluding, but not limitect lu, ha�ardou� subtilanceti in consuiner products).
<br />Borrower shall promptly give Lei►der written notice of (a) any investigation, claitn, deinand, lawsuit
<br />or other action by any govertunental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or I;nviromnentai Law of which Borrower has actual knowledge, (b) any
<br />�nvironmental Condition, including but not limited to, any spilling, ]eaking, discharge, release or threat of
<br />release of any IIazardous Substance, and (c) any condition caused by the presence, use or rclease of a
<br />Hazardous Substancc which advcrscly affccts thc valuc of thc Property. If Borrowcr lcarns, or is notit7cd
<br />NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �(i ��"�
<br />�-6(NE) �osi�> Page 12 of 15 �nitials Form 3028 1/01
<br />
|