Laserfiche WebLink
2011035vC <br />sha11 remain fu11y effective as if no accelerarion had occurred. However, this right to reinstate shall not <br />apply in the case of accelerarion under Secrion 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 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 norice 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 RE5PA <br />requires in connection with a norice 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 ri�ansfened to a successor Loan Servicer and are not <br />assumeci 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 />indivic�ual li�igaat or the member of a class) that arises from the other party's actions pursuant to this <br />3e,c�city Inst�vme� or that atleges that the other party has breaeheci any provision of, or any duty owed by <br />reasc�� of, this Security Instru�ent, until sucl� Borrower or Lender has notified tl�e otfier Party (with such <br />IIotice given in comptiance wittt the requirements of Section IS} o€ such alleged breach and afforded the <br />other pariy hereto a reasonable period after the giving of such �tice to ta&e corrective action. If <br />Agg�icable Law grovides a time period which mvst elapse before certain a�tion can be taken, that time <br />period wiIt be deeme� to be reasoIIable for purposes of th.is par�grapl�. The notice of acceleration and <br />opportunity to cure gl,ven tm Borrower pursuant to Sectioa 22 aad the notice of acceleration given to <br />Borrawer pursuant to S�tion I8 sbatt be deemed to satisfy tfie nocice aad opportunity to take corrective <br />actio�c provisions of t�us Secriern 2i�. <br />21. �.ardaus 5�k�4ance.s. As used in this Secrion 2I: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, poIIutants, or wastes by Environmentai Law and the <br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvents, materials containiag asbestos or fom�aldehyde, and radioacrive materials; <br />(b) "Endironnzental E.aw" means federal laws and laws af the jurisdiction where the Progerty is Iocated that <br />reiate to health, safet� or environmental protection; (c} "Enviro�uneutal Cleanup" includes any response <br />actian, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental <br />Condition" means a condirion 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. Bonower shall not do, <br />nor al1Qw anyone else to do, anything affecting the Property (a) that is in violation of any Environmental <br />L,aw, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a <br />Hazardous 5ubstance, creates a condirion that adversely affects the value of the Property. The preceding <br />two sentences sha11 not apply to the presence, use, or storage on the Pro�rty of sma11 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 />Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit <br />or other acrion by any governmental or regulatory agency or private party involving the Property and any <br />Hazazdous Substance or Environmental L,aw of which Borrower has actual knowledge, (b) any <br />Environmsntal Condition, including but not limited to, any spilling, leaking, discharge, release or threa.t of <br />release of any Hazardous Substance, and (c) any condirion caused by the presence, use or release of a <br />Hazardous Substance which adversely affects the value of the Property. If Bonower learns, or is notified <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) loet t) Page 12 of 15 inictais: Form 3028 1/01 <br />O <br />;' , y , <br />�� <br />