Laserfiche WebLink
201103756 <br />20. Sale of Note; Change of Loan Servicer; Notice of Grlevance. The Note ar a partial interest in <br />the Nota (together with this Security Instrument) can he sold one or mare times without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Sen+icer") that collects <br />Periodic Payments due under the Note and this Sacurity Tn:ar�,,,,en and performs other mortgage loan <br />servicing obligations under the Note, this Security Instrvcn�nt, and Applicable Law. There also might be <br />one or mare changes of the Loan �vicer unrelateti to a sale of the Note. Tf there is a change of the Loan <br />Servicer, Borrower will be given written notice of the change which wiU state the name and address of the <br />nevc' Loan S�vicer, the address to which payments should be made and any other information RESPA <br />requu'es in co�mection 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 purahaser of the Note, the mortgage loan servicing obligatians <br />to Bonower will remain with the Lo�n Servic�r ar be transf� to a successor Loan Se2aicer and are not <br />assumed by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower 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 atises from the other pazty' s actions pursuant to tUis <br />Security Instrument or that alleges that the other party has breached any provision o� or aay duty owecl by <br />reason o� this Security in.cm,,,,en - imtil such Borrower ar Lender has notifiad the othez Psrtp (with such <br />notice given in complianae with the requirements of Se�tion 1S� of such alleged breach and afforded the <br />other pariy hereto a reasonable period after the gi`+ing of such notice to take conective action. If <br />Applicable Law provides a time period which must elapse befoze certain action can be taken, that time <br />period will be deemed to be reasonable for piuposes of this paragraph The notice of acceleration and <br />opporh�nity to cure given to Bonower pursuant to Section 22 and the notice of acxeleration given to <br />Borrower pursuant to Seclian 18 shall be deemed to satisfy the notice aad opportunity to take corrective <br />action provisions of this Saction 20. <br />21. Hazardons Snbstances. As used in this Section 21: (a) "Hazardous S�bstances" are those <br />substances defined as toxic ar hazardous substances, pollutants, or wastes by Environmental Law and the <br />following substances: gasoline, kerosene, other flammable oz toxic petroleum. products, toxic pes�icides <br />and herbicide4, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; <br />(b) "Environmental Law" means federal la.ws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or environmental protectian; (c) "Envirornnental 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 c�n cause, contribute to, or othervvise trigger an Environm�ntal <br />Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous <br />Substanc�es, or threaten to release any Hazardous Stixbstance.c, on ar in the Property. Borrower shall not do, <br />nor a11ow anyone else to do, anything affecting the Propetiy (a) that is in violation of any Enviro�ental <br />I.aw, (b) which creates an Environmental Condition, or (c) whicb, due to the presence, use, or release of a <br />Hazardous Substance, creates a condition that advarsely affects the value af the Properiy. The preceding <br />two sentences shall not apply to the presence, use, or storage on the Property of small quanrities of <br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to <br />maint�++anc� of the Properiy (including, but not limite� to, hazardous substances in consuimer products). <br />Borrower shall promptly give Lender written notice of (a) any inves�igation, claim, demand, lawsuit <br />ar other ackion by any governmental or regulatory agency or private party involving the Propem+ and any <br />Hazax'dnus Substance or Environmental Law of which Bonrower has actual knowledge, (b) �y <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 affacts the value of the Properiy. If Borrower learns, or is notified <br />by any governmental or regulatory authority, or any private Pariy, that any removal or other remedia�ion <br />of any Ha�rdous Substance affecting the Properiy is necessary, Borrower sha11 promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create �y obligation on <br />Lender for an Environmental Cleanup. <br />2200133693 � D V6ANE <br />NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMENT WITH M — <br />�-SA(NE)1oe�o Pepe 12 oi 16 inn�: Form 3028 1/01 <br />� <br />� <br />