|
2011038��
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case 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 norice to
<br />Borrower. A sale might result in a change in the entity (lmown 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 5ecurity Instniment, 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 notice 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 informarion RESPA
<br />requires in cannecrion 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 loa� servicing obligarions
<br />to Bonower will remain with ttie Loan Servicer or be transfened to a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither �orrower nor Lender may comznence, join, or be joined to any judicial action (as either an
<br />iudividual Istigant or t1�e member of a class} that arises from the ottter party's action.c gtu�suant to this
<br />S�curity Iastcv.ment or t�iat alleges that the otiaer party has breached any provision of, ar any duty owed by
<br />reasc�n of, this Security In�ument, until such Borrower or Lender has notifie� tise other party (with such
<br />notic� given in compliance vwith the requirements of Section 15) of such atieged brea�h and afforded the
<br />other pariy hereto a r�sona6le period after the giving of such norice to take corrective acrion. If
<br />�lpgli�ble �.aw provide,s a time geriod which must elapse before certain action can be taken, that time
<br />�riod �I be deemec� to � reasonable for puiposes of this paragraph. The uotice of acceierarion and
<br />oppom�mty to cure given to Bosrower pursuant to Section 22 and the natice of acceleration givea to
<br />Borro�rer pursuant ta Seetioa 18 sha1T be deemed to satisfy the notice and opportunity ta take corrective
<br />aetion provisiaas of tliis �ion, 20.
<br />21. Sazardo�s 5ubstar�ces. As used in this Secrion 22: (a) "I�azardous 5ubsca�ces" are those
<br />substances defin� as toxic vr kazardaus substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, Qther flamma,ble or toxic petroIeum products, toxic pesticides
<br />and herbicides, volatile solvents, materials eontaining asbestos or formal�ehyde, and radioactive materials;
<br />(b) "Environmental Law" means federal Iaws and laws of the jurisdiction where the Property is located that
<br />relate ta health, safety or environmental. protection; (c) "Environmental Cle,anup" includes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmentat
<br />Condition" meaazs a condition that can cause, contribute to, or otherwise trigger an Environmental
<br />f:Ie.anup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threatea to release any Haa.ardous 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 Condirion, 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 Property 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, 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 Borrower has actual knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, dischazge, release or threat of
<br />release of any Hazardous 5ubstance, and (c) any condition 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 INSTRUMEMT
<br />�-6(NE1 (oaii) Page 12 of 15 Initials: �/�� Form 3028 1/01
<br />O
<br />i
<br />
|