Laserfiche WebLink
20�106�93 <br />in the Property and rights under this Security Instrument; and (d) takes such acrion as Lender may <br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, <br />and Bonower's obligarion to pay the sums se,cured by this S�urity 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) certifiefl ch�k, bank check, treasurer's ch�k or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insurefl by a <br />federal agency, instivmentality or entiry; or (d) El�tronic Funds Transfer. Upon reinstatement by Bonower, <br />this Security Instnunent and obligations securefl hereby shall rema.in fully effective as if no accelera.tion had <br />occurred. However, this right to reinstate shall not apply in the case of accelerarion 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 enrity (lmown 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 />Bonower will be given written notice 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 informa�ion RESPA requires in <br />connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is service�i by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligarions to Bonower will <br />remain with the Loan Servicer or be transfened to a successor Loan Servicer and are 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 lirigant or the member of a class) that arises from the other party's actions pursuant to this <br />Security 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 notifiefl the other party (with such <br />norice given in complianc� with the requirements of Section 15) of such allegefl breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take con�tive action. If Applicable <br />Law provides a time period which must elapse before certain action can be taken, that time period will be <br />deemerl to be reasonable for purposes of this pazagraph. The notice of acceleration and opportunity to cure <br />given to Borrower pursuant to S�tion 22 and the notice of acceleration given to Bortower pursuant to <br />Secrion 18 shall be de,emed to satisfy the notice and opportunity to take corrective action provisions of this <br />Section 20. <br />21. Hazardous Substances. As use� in this S�tion 21: (a) "Hazardous Substances" are 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 toxic petroleum products, toxic pesticides and herbieides, <br />volatile solverns, materials containing asbestos or formaldehyde, and radioaciive materials; (b) <br />"Erivironmental Law" means federal laws and ia�vs of the jurisdicrion �vhere the Properly is located that <br />relate to heal�h, safety or environmental prote�on; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environtnental <br />ConcZition" means a condirion that can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borrower shall not cause or permit the presenc�, use, disposal, storage, or release of any Hazardous <br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Bortower 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 Condition, 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 two <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMPB�NEI f11051 <br />Wolters Kluwer Fina�ial Servaces Page 13 of 17 <br />