Laserfiche WebLink
20�147774 <br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Properiy and rights under this Securiry Instrument, <br />and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. <br />I,ender 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 check, treasurer's ch�k or <br />cashier's check, provide�i any such check is drawn upon an institution whose deposits aze insured by a <br />federal agency, instivmentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Bonower, <br />this S�urity 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 Insm�ment) can be sold one or more tixnes 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 Instnunent and performs other mortgage loan servicing <br />obligarions under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan 5ervicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Bonower will Ue given written norice of the change which wi11 state the name and address of the new Loan <br />Servicer, the address to which payments should be made and any other information RF.SPA requires in <br />connection 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 Bonower will <br />rema.in with the Loan Servicer or be transfened to a successor I,oan Servicer and are not assumed by the <br />Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Bonower 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 />Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this 5ecurity Instrument, until such Borrower or Lender has notified the other pariy (with such <br />notice given in compliance with the requirements of Section 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 />deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br />given to Borrower pursuant to Section 22 and the notice of accelerarion given to Bonower pursuant to <br />5ection 18 shall be d�med to satisfy the notice and opportunity to take con�tive action provisions of tlus <br />Section 20. <br />21. Hazardous Substances. As used 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 herbicides, <br />volatile solvents, materiais containing ashestos or formaldehyde, and radioacrive materials; (b) <br />"Environnaental Law" �us fetieral laws and laws of the jurisdiction where the Property is locaxed that <br />relate to health, safety or environmental prot�tion; (c) "Environm,ental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Eizvironmental <br />Conriition " aneans a condition tha.t can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Barrower shall not cause or pemut 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 a11ow 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 5ubstance, creates a condition that adversely affects the value of the Property. The preceding two <br />NEBRASKA-Si�le Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMfNT Farm 3028 1/O7 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 13 of 17 <br />, �a . � , � ,. ' z <br />