|
201108171
<br />co!le�ts Periodic Payments due under the Rlote and tfiis Securtty Instrument arxi perforrns other mortgage
<br />loan servicing obligations under the Note, this Security Instrumerrt, and Applicable Law. There alse might
<br />be orte or rttore changes o€ the l.oan Servicer �nrelated to a sale of the iVote. If there is a change of the
<br />Loan Senric�r, BoROaver vvW t�e gideR written notice of the chartge which will state the r�ame and address
<br />of the new Loan Servic�r, the address to which payments should be made and any other information
<br />RESP�, requires in connectio� uvith a notics af trartsfer ef senaicing. If the Note is sold and the�ter the
<br />Laan is serviced by a Loan Servicer other thart the purchaser of the Note, the mortgage toan senriang
<br />obligaticxts to Borfower w�il1 rer�ain w�h tfie Lt�ar� Servic�r ar be transferred to a successer Loan Senricer
<br />and are not assumed by the Note purchaser uniess otherwise provided by the Note purchaser.
<br />IVeither BoROVNer nor �ender may eomrnence, join, or be joined to any judicial actio� (as ei#her an
<br />individuat litigarrt or the member of a cfass) that arises from the other party's actians pursuant ta this
<br />Secu�ity instrvment ar that aileg�s #ha# the other party has breached any provision of, ar any duty owed
<br />by reason of, this Securfty Instrurrtertt, until sueh Borrower or Lender has no 'ttfiied the other party (with
<br />such nofice give►t i� cQmptiance uvith the req��irements of Sectian 15) of such alleged breach anri afforded
<br />the o#her party hereto a reasonable period after the giving of such notice to take correetive action. If
<br />ARP{icahle Law provides a time periad which must elapse be#are certairt aGtion c�n be taken, that time
<br />period will be deemed to be reasonable for pur�ses of this paragraph. The notice of acceleration and
<br />opportu►�ity to cure given to Bc�rrawer pursuant to Section 22 and the notice of acc�leraticm given to
<br />Borrawer pursuant fo Sectian 18 shatl be deemed to satisiy the notice and opportunit�/ to take corrective
<br />action provisions o# this SeGtion 20.
<br />2'I. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toxic or haaardous substances, po!lutants, or wastes by Environmental Law and
<br />the foNowing substances: gasaline, kerasene, other flammable or taxic petroleum products, toxic
<br />pesticides artd herbtcic�es, volatife solvents. materials cantaining asbestas or formaldehyde, and
<br />radioactive materials; (b) °Environmentaf Lav� means federal lainrs and faws of the jurisdictiort where the
<br />Property is tocated that relate tQ health, safety or envirc�mentaf p�tection; f c) "Environmecr#a! Cteanup°
<br />incfud+es any response action, remediat action, or removal action, as defined in Environmental Law; and
<br />(d) an "Environrnental CondiFtion" means a condition that can cause�, co�fibute to, or othervvise t�igger ar�
<br />Environmental Cleanup.
<br />Borrower shaft not cause or permit the presence, use, disposal, storage, or release of any
<br />Hazardous Substances, or threaten to release any Hazardous Substances, ort pr in the Property.
<br />B�rower shall not do, nw allovv a�yone etse to do, anything affeeting the Property (a} that is in vivlation of
<br />any Environmental Law, (b) which creates an Environmental Condfion, or (c) which, due to the presertce,
<br />use, or release of a Hazardous Substance, c�eates a condition t�at adversety afFects the value of the
<br />Property. The preceding two senteness shall not apply to the presence, use, or sfiorage on the Praperty
<br />of small quantil�ies of Hazarrd€fus Substartces that are generally recognized ta be appropriate to normal
<br />residential uses and to mai�tenanse o� the Prapert� f inel�ding, but Ftot limited to, k�azardous s�bstances
<br />in cansumer products).
<br />�urrower shaq prompfly give I�ender written notice of (aj any investigation, claim, demand, lawsuit
<br />or other action by any gQVemmental Qr regulatory agency or private party invoiving the Property and any
<br />Hazardous Substance or E�tviranmental Law of whic� Bc�rrc�wer has actaal knowledge, (b) any
<br />Environmentat Condition, including but net limited ta, any spiBing, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (c) any canditiort caused by the presence, use or release of a
<br />Hazardous Substance arhich adversely affeds the vaiue o# the Property. lf Borrowrer leams, ar is notified
<br />by any govemmental or regulatory authority, or arry private party, that any removaf or other rerrr�eediatiort of
<br />any Hazardous Subsfianc� af�ting the Property is nec�ssary, �orrovver shall promptly take a!I necessary
<br />remediat actions in ac.cordance wittt Envirortmerrtaf Lawr. Nothing herein shatl create any obtigation on
<br />Lender for an Environmental Cleanup.
<br />�* 3 O O Q 6 9 1 7'I ++�
<br />NEHRASKA—Single Famlly-Fannle 11�ffreddle AAac UNIFORII� UdBTRUAAENT
<br />Flnale D�urttetrt 80rvices m 3027 02/06
<br />��
<br />+ti M C M D O T�
<br />Form 3028 1f01 (pege 12 of 14 peges)
<br />
|