Laserfiche WebLink
2Ai103s73 <br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate sha11 not <br />apply in tfie ca.se 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 Instrument) 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 snd 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. ff there is a change of the Loan <br />Servicer, Bortower will be given writ#en noface of the change which will state the name and address of the <br />new Loan Servicer, the address to which payments should lx made and any other information RESPA <br />requires in conuection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is <br />serviced by a Loan Servicer other tha.n 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 otb.erwise provided by the Note purchaser. <br />Neither Borrower nor 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 />Security Instrument or that alleges that the other party ha,s brea.ched any provision of, or any duty owed by <br />reason of, this 5ecurity Instrument, nntil such Borrower or Lender has notified the other pariy (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 rea.sonable period after the giving of such notice to take corrective action. If <br />Applicable I.aw provides a time period which must elapse before certain action can be taken, that time <br />period will be deemed to be reasona.ble for purposes of this paragraph. The notice of acceleration and <br />opportunity to cure given to Borrower pursuant to Section ZZ and the notice of accelera.tion given to <br />Borrower pursuant to Section 18 sha11 be deemed to satisfy the notice and opporlunity to take conective <br />action provisions of this Section 20. <br />21. Hazardous Substanc�. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Iaw and the <br />following substances; gasoline, kerosene, other flamma.ble or toJCic petroleum products, toxic pesticides <br />and herbicides, volatile solvents, materials conta.ining asbestos or formaldehyde, and radioactive materials; <br />(b) "Enviro�ental Law" means federal laws and Iaws of the jurisdiction where the Property is located that <br />relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environm�ntal Law; and {d) an "Environmental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental <br />Cleanup. <br />Bortower shall not cause or permit the presence, use, disposal; stora,ge, or release of any Hazazdous <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 Properly (a) that is in violation of any Environmental <br />Law, (b} which crea.tes an Environmental Condition, or (c) which, dtte to the preseuce, use, or release of a <br />Hazardous 5ubstance, cneates a condition that adversely affects the value of the Properly. The preceding <br />two sentences shall not apply to the presence, use, or storage on the Properly 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, Iawsuit <br />or other action by any governmental or regulatory agency or private pariy involving the Property and any <br />Haztudous Substance or Environmental Law of which Borrower has actual lcnowledge, (b) any <br />Environmental Condition, including but not limitted to, any spilling, lealcing, 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. ff Borrower learns, or is notified <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UIY(FORM INSTRUMENT �� <br />�-6(NEl toe��� aeeo �zot �s inw�8: � Form 3028 1f01 <br />� <br />