Laserfiche WebLink
�4��03�2� <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in <br /> a the Note (together with this Security Instrument) can be sold one or more times without prior notice to <br />Borrower. A sale might result 'vn a change in the entity (known as the "Loan Servicer") that collects <br />Periodic Payments due under the Note and this Security Instzument and performs 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, Bonower will be given written notice of the change which will state the name and address of the <br />new Loan 5ervicer, 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 jud'1cia1 acCion (as either an <br />individual 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 />zeason 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 5ection 15) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of snch notice to take conective action. If <br />Applicable Law provides a time period which must elapse before certain action can be taken, that tune <br /> — period will be deemed to be reasonable for purposes of this pazagraph. The notice of acceleration and <br /> S opportunity to cure given to Borrower pursuant to 5ection 22 and the notice of acceleration given 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 />— following substances: gasoline, kerosene, other flammable ar tolcic petaroleum products, toxic pesticides <br />and hezbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; <br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or environmental pratection; (c) "Environmental Cleanup" includes any response <br />= action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental <br />Condition" means a condition that can cause, contzibute to, or otherwise trigger an Environmental <br />Cleanup. <br />Borrower 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 storage on the Properiy 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 />Bonower sha11 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 knowledge, (b) any <br />Environmental Condition, includin.g but not limited to, any spilling, leaking, dischazge, release or threa.t of <br />release of any Hazardons 5ubstance, and (c) any condition caused by the presence, use or release of a <br />Hazardous Substance which adversely affects the value of the Properry. If Borrower learns, or is notified <br />by any governmental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Properry is necessary, Borrower sha11 promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein sha11 create any obligation on <br />Lender for an Environmental Cleanup. <br />V02011.1 <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH <br />�-6AINEi tosio� Page 12 of 1b inn�ats: orm 3028 1/01 <br />� <br />