Laserfiche WebLink
201106884 <br />in the Property and rights under this Security Insuvment; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Properiy and rights under this S�urity Instrument, <br />and Bonower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. <br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following <br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank che�k, treasurer's check or <br />cashier's check, provided any such check is drawn upon an insriturion whose deposits are insured by a <br />federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Bonower, <br />this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not 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 the <br />Note (together with this Security Instrument) can be sold one or more times without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer'� that collects Periodic <br />Payments due under the Note and this Security Instrument and performs other mortgage loan servicing <br />obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Borrower will be given written norice of the change which will state the name and address of the new Loan <br />Servicer, the address to which payments should be made and any other information I2FSPA requires in <br />conn�tion with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will <br />remain with the Loan Servicer or be transfened to a successor Loan Servicer and aze not assumed by the <br />Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this <br />Seaurity Instrument or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender has norified the other party (with such <br />notice given in compliance with the requirements of 5ection 15) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable <br />Law provides a time period which must elapse before certain action can be taken, that time period will be <br />d�med to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br />given to Borrower pursuant to Secrion 22 and the notice of acceleration given to Borrower pursuant to <br />Section 18 shall be deemed to satisfy the notice and opportunity to take conective acrion provisions of ttus <br />Secrion 20. <br />27 . Hazardous Substances. As userl in this Section 21: (a) "Hazardous Substances" aze those substances <br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following <br />substances: gasoline, kerosene, other flammable or to�c petroleum products, toxic pesticides and herbicides, <br />volatile solvents, 3nat�rials containing asbestos or formaldehyde, and radioadive materials; (b) <br />"ErevironmQntal Laav" means federal �aws and la�vs of the jurisdiction where the Property is located that <br />rei� to �ealth, safety or environmental prote�tion; (c) "Environm,ental Cleanup" inciudes any response <br />action, rem�dial action, or removal activn, as defined in Environmental Law; and (d) an "Environmerctal <br />Cond'itio�t" xneans a condition that can ca�se, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borro�ver shall not rause or permit the presence, use, disposal, storage, or release of any Hazardous <br />5ubstances, or threaten to release any Hazardous Substances, on or in the Properly. Bonower 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 Enviro�mental Condition, or (c) which, due to the presence, use, or release of a <br />Hazardous Substance, creates a condition that adversely a.ffects the value of the Properiy. The preceding two <br />1dEBRASKA-Si�le Famfly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1lOt <br />VMP � VMP61NE1 (110b) <br />Wolters Kluwer Financial Services Page 13 of 17 <br />