|
�o�ios590
<br />as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or c�shiec's
<br />check, provided any such check is drawn upon an institution whase deposits are insured by a federal agency,
<br />instrumentality �or entity; or (d) Elecironic Funds Transfer. Upon reinstatement by Borrower, tltis Security
<br />Instrument and obligations secured hereby shall zemain fully effective as if no acceleration had occurred.
<br />However, this right to reinstate shaU not apply in the case of acc�leration under Section 18. '
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. ' The Note or a partial iriteresi in the
<br />Note (together wifih this Security Insirament} can be sold one or more times without prior notice to Borrower.
<br />A sale might result in a change in the entity (I�own as the "Loan Servicer") that collects Periodic Payments
<br />due under the Note mnd this Security Instrument and performs other mortgage loan servicing obligations wnder
<br />the Note, this Security Instrument, and Applicable Law. Thexe aiso might be one or more changes of the
<br />Loatt Servicer unrelated to a sate of the Nota. If there is a change of the Loan Servieer, Borrower will be
<br />given written notice of the change which will state the name and address of the new Loan Serricer, the address
<br />to which payments should be made and any other information RESPA requires in conaection with a notice of
<br />transfer of servieing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the
<br />purchaser of the Note, the martgage loan servicing obligations ta Borrower will remain with the Loan Servicer
<br />or be transferred to a suocessor Loan Servicer and are not assumed by the Note purchaser unless otherwise
<br />provided by the Note purchaser. '
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as aither an
<br />individuai iitigant or the member of a class) that arises fram the other party's actions pursuant to this Security
<br />Instrument or that alleges that the other pariy has breached any provision of, ar any duty owed by reason o�
<br />this Security Instrument, until such Borrower or Lender has notified the other party {with such notice given in
<br />eompliance with the requirements of Section IS) of such alleged breacb and afforded the other party hereto a
<br />reasonable period after the giving of suck notice to take corrective action. If Applicable Law prorrides a time
<br />period which must elapse before certain action can be taken, that time period wrill be dee,med to be reasonable
<br />for purpases of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant
<br />to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 sha11 be deemed to
<br />satisfy the notice an8 opportuuity to take corrective acti.on provisions of this Section 20.
<br />21. Hazardons Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances
<br />defined as toxic or hazardous substances, pollutan#s, or wastes by Environmental Law and the foIlowing
<br />substances: �asoline, kerosene, other flammable or toxic getroleum products, toxic pesticides and herbicides,
<br />volatile salvents, naaterials containing asbestos or formaldehyde, and radiomcf3ve materials; (b) "Environmental
<br />Law" means federal laws and la.ws of the jurisdiction where the Property is lacated that relate to health, safety
<br />or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or
<br />removal action, as defined in Environmental La.w; and (d) an "EnvironmentaI Coadition" meaas a condition
<br />that can cause, contribute to, or othenvise trigger an Environmental Cleauup.
<br />Borrower shall not cause or permit the presence, use, disposal, s�orage, or release of any Hazardous
<br />Substances, or threaten to release any Ha�ardous Substances, on or in the Prope�tty. Borrower shail not do,
<br />nar aIlow anyone else to do, anything affecting the Properry (a) that is in violation of any Environmental Law,
<br />(b) w2vch creates au Environmental CondiYion, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condrtion that adversely affeets the value of the Property. The preceding two
<br />sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of Hazardous
<br />Substances that are genexaily recogniaed to be apprapriate to nomial residential uses and ta maintenance of the
<br />Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower sha11 prpmptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or
<br />other action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Snbstance or Environmental La.w of w}zich Borrower has actual knawledge, (b) any Environmental
<br />Conditian, including but not Iimited to, any spilling, leakutg, discharge, release or threat of release of any
<br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance
<br />whioh adversely affects the value of the Properiy. If Borrower Iearns, or is noi3fied by any governmental or
<br />regulatory authoiity, ar any, private parly, #hat any removal or other remediaCion of any Hazardous Substance
<br />affecting the Froperty is necessary, Borrower shall promptly take all necessary remedial actions in accordance
<br />with Environmental Law. Nothing berein sha11 create any obligation on Lender for an Environmental
<br />Cleanup. �
<br />NEBRASKA- Single Family - FannteNlae/FreddleMac UNIFORR{1�91A1S7'RUMEM'
<br />Porm 30281/01 �
<br />Laser Fortns Inc. (8�} 448-3555 �� —.L— LL
<br />I.�t�FNnaA�ze 4ro2 , Page11 of 13 In�ials:
<br />
|