|
�0��o52s�
<br />sha11 remain fully effective as if no acceleration had occurred. However, this right to reinstate sha11 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 notice to
<br />Bonower. A sale might result in a change in the entity (known as the "Loan 5ervicer") that collects
<br />Periodic Payments due under the Note and this Security InstYUment and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable I,aw. 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, Bor�ower 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 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 1Vote, the mortgage loan servicing obligations
<br />to Borrower will remain with the Loan Servicer or be transferred to a successor Laan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />1Veither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individuat litigant or the member of a class) that arises from the other pariy's acrions pursuant to this
<br />S�curity Instrument or that alIeges that the other party has breached any provision of, or any duty owed by
<br />re,ason of, this Security Instrument, until such Borrower or Lender has norifed the other party (with such
<br />notice given in compliance with the rec}uiremerns of Secrion 15) of such allegexi breach and affordecY the
<br />other party hereto a reasonable period after the giving of such norice to take corrective acrivn. If
<br />Applic�ble Law provides a time period which must elapse before certain action can be taken, that rime
<br />geriod will be deemed to be reasonable for pur�wses of tius pazagraph. The norice of acceleration anc�
<br />opgornuiity to cure given to Borrower pursuaut to Se,ction ZZ and the norice of accelerarion given to
<br />Bflrrawer ptirsuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action pmvisions of this Section 20.
<br />21. Hazardous Substances. As used in, this Secrion Zl: (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, kemsene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehycte, and radioactive maierials;
<br />(b) "Environrnental Law" means federal laws and laws of the jurisdiction where the Property is l�ated tha.t
<br />relate ta health, safety or environmental pmtection; (c) "Environmental Cleanup" includes any response
<br />action, remedial acrion, or rennoval action, as defined in Environmental Law; and (d) an "Envimnmental
<br />Condition" means a condirion that can cause, contribute to, or otherwise trigger an Environmental
<br />Cle�nup.
<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 allow anyone else to do, anything affecting the Properly (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmentat Condirion, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condirion 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 quanrities of
<br />Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Properiy (including, but not lunited to, hazardous substances in consutner products).
<br />Bonower 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, 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. If Bonower learns, or is notified
<br />�
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-61NE) roat t1 Page 12 of 15 IniUals:
<br />O
<br />. �^ I� P
<br />Form 3028 1 /01
<br />I� - �.
<br />�� ��
<br />
|