Laserfiche WebLink
_ 241108418 <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Section 15 witlun which Borrower <br />must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums priar to the e�iration of <br />thiis period, Lender may invoke any remedies permitted by this Secnrity Instrument without furkher notice or demand <br />on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower sball <br />have the right to have enforcement of this Securiry Instrument discontinued at any time prior to the earliest of: (a} <br />five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; @) such <br />other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a <br />judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which <br />then would be due under this Securiry Instrument and the Note as if no acceleration had occurred; (b) cures any default <br />of any other covenants or agreements; (c) pays a11 e�enses incurred in enforcing this Security Instrument, including, <br />but not limited to, reasonable attorneys"fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such - <br />action as Lender may reasonably require to assure that Lender's interest in the Praperty and rights under this Security <br />Instrument, and Boxrowex's obligation to pay the sums secured by this Securiry Instrument, shall continue unchanged. <br />Lender may require that Boxrower pay such reinstatement sums and expenses in one or'more of the following forms, <br />as selectedby Lender. (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, <br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality <br />or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations ` <br />secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to xeinstate shall <br />not apply in the case of acceleratiion under Section 1$. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note <br />(together with this Security Instrument) can be sold one or more times without prior notice ta Borrower. A sale might <br />result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note <br />and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security <br />Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale <br />of the Note. If there is a change of the`Loan Servicer, Borrower will be given written notice of the change which will <br />state the name and address of the new Loan Servicer, the address to which payments,should be made and any other <br />information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter <br />the Loanis serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed <br />by the Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrqwex nor L,ender may commence, join, or be joined to any judicial action (as either an indi�itdual <br />litigant or the member of a class) thak arzses from the other party's actions pursuant to this Security Instrument or that <br />alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, <br />until such Borrower or Lender has notified the othex parry (with such notice given in compliance with the requirements : <br />of Section 15) of sueh alleged breach and afforded the other party hereto a reasonable period after the giving of such <br />notice to'take corrective action. -If Applicable Law provides a time period �hich must elapse before certain action <br />can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of <br />acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the nadce of acceleration given <br />to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to'take corrective'action <br />provisions of this Section 20. <br />' 22. $azardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances <br />defined as toxic or hazardous substances, pollutants; or wastes by Environmental Law and the following substances: <br />gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, . <br />materials containing asbestos or fornialdehyde, and radioactive materials; (b) "Environmental Law" means federal <br />laws and laws of the jurisdiction where the Property islocated that relate to health, safety or environmental protection;: <br />(c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in <br />Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or <br />otherwise trigger an Environmental Cleanup. <br />Borrower shall not cause or permif tihe preserice; use, disposal; storage, or release of any Hazardous Substances, <br />or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nar aiiow anyone else <br />to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an <br />Environmental Condition, ar(c) which, due to the presence, use, or release of a Hazardous S�bstance, creates a <br />condition that adversely affects the value of the Property. The preceding two sentenees shall not apply to the <br />presence,"use, or storage on fhe Property of small quantities of Hazardous Substances that are generally recognized <br />to be appropriate to nornial residential uses and to maintenance of the Property (including, but not littuted to, <br />hazardous substances in consnmer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, Iawsuit or other <br />actionby any governmental or regulatory agency or private party involving the Property and any Hazardous S�bstance <br />or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Conclition, includingbut not <br />limited to, any ; spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any <br />condition caused by the presence, use or xelease of a Hazardous S�ibstance which adversely ,affects the value of the" <br />Property. If Borrower learns, or is notified by any governmental or regulatory authority, or,any private parry, that <br />any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shalt` <br />promptly take allnecessary remedial actions in accordance with Environmental Law. Nathing herein shall create any <br />obligation on Lender for an Environmental Cleanup. <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT pocMagtc � <br />Form 3028 1/01 Page 8 of 11 www.docmagic.com <br />rre�2s:aok� <br />� � � <br />