|
�01106027
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grlevance. The Note or a paztial interest in
<br />the Note (together with this Security Instrument) can be sold one ar more times without priar notice to
<br />Boaower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periodic Payments due unde� the Note and this Se�urity Insttvment 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 Service� unrelated to a sale of the Note. If there is a change of the I,oan
<br />Servicer, Honower will be given written notice of the change wluch 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 cormectian 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 loan servicing obligations
<br />to Bonower will remain with the Loan Servicer or be transferred to a successor Loan Serv�icer and are not
<br />assumed by the Note purchaser ualess otherwise provide� by the Note purchaser.
<br />Neither Borrower nor Lender may commence, join, ar be joined to any judicial action (as either an
<br />individual litigant or the member of a class} that arises from the other pariy' s actions pursuant to this
<br />Security Instn�ment or that alleges that the other party has breached any provision o� or any duty owed by
<br />reason o� this Security Instrument, until such Borrower or Lender has notified the other party (with such
<br />notice givm in compliance with the requirements of Seckion 1� of such alleged breach and afforded the
<br />other pariy hereto a reasonable period after the giving of such notice to take corrective action. If
<br />Applicable Law provides a time period which must elapse before certain action c�n be taken, that time
<br />period will be deemed to be reasonable far purposes of this paragraph. The notice of acceleration and
<br />opporhmity to cure given to Bonower pursuant to Section 22 and the notice of acceleration given to
<br />Bonower pursuant to 5ection 18 shall be deemed to saxisfy the notice and opporiuriity to take cornctive
<br />action provisions of this Se�tion 20.
<br />21. Hazardons Snbstances. As used in this Section 21: (a) °Hazardous Substances" are those
<br />substances defined as toxic or ha�rdous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other flammable or to�cic petroleum products, toxic pesticid�
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
<br />(b) "Environm�tal Law" means fe�eral laws and laws of the jurisdiction where the Property is located that
<br />relate to healtb, safety or environmental protection; (c) "Environmental Cleanup° includes anY respanse
<br />action, remedial action, or removal action, as definerl in Environmental Law; and (d) an "Enviromnental
<br />Condition" means a condition that can cause, contdbute to, or otherwise trigger an Environmental
<br />Clesnup.
<br />Boirower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, ar threaten to release any Hazazdous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyone else to do, anything affecting the PraPert}' (a) that is in violation of any Environm�tal
<br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition that ad.versely affects the value of the Property. The Prece�ing
<br />two sent�ces shall not apply to the presence, use, or storage on the Prop�ty of small quantities of
<br />Hazardous Substances that are generally recognize� to be appropriate to normal residential uses and to
<br />maintenance of the Properiy (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall pramptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governmental or regulatorY ��C3' �' Pri� P�Y involving the Property and any
<br />Hazardous Substance or Enviromnental I.aw of which Bonower hes actual lmowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />rele�se of any Hazardous Substance, and (c) any condition caused by the presence, use ar release of a
<br />Hazazdous Substance wlrich adversely affe�ts the value of the Property. If Borrower learns, or is notified
<br />by any govemmental or regulatory authority, or any private party, that any removal ar other remediation
<br />of any Ha�rdous Substance affecting the Properiy is necessary, Bonower shall promptly take all neces.sary
<br />remedial actions in accordance with Enviromnental Law. Nothing herein shall create any obligation on
<br />I.ender for an Environmental Cleanup.
<br />2200155211 D D6ANE
<br />NEBRASKA - Singla Fam1y - Fannle Mae�Fr�ldle Mac UNIFORM INSTRUMENT WRH MERS
<br />�-6A(Nq 1oe�o1 �a �2 0� �e in�aa�s: �1r�_ Form 3028 1/07
<br />�
<br />
|