|
201108707
<br /> 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br /> the 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 (known as the "Loan Servicer") that collects
<br /> Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br /> servicing obligations under the Note, ttus Security Instrument, and Applicable Law. 1'here also might be
<br /> one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br /> Servicer, Borrower will be given written notice of the change wluch will state the name and address of the
<br /> new Loan Servicer, the address to which payments should be made and any other information RESPA
<br /> requires in connec;tion with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br /> serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br /> to Bonower will remain with the Loan SeTVicer or be transferred to a successor Loan Servicer and are not
<br /> assumed by the 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 Security 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 norice to take corrective action. If
<br /> Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br /> period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br /> opportunity to cure given to Borrower pwsuant to Secxion 22 and the notice of acceleration given to
<br /> Borrower pursuant to Se�tion 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br /> action provisions of this Section 20.
<br /> 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances° are those
<br /> substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
<br /> following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br /> and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
<br /> (b)"Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br /> relate to health, safety or environmental proteition; (c) "Environmental Cleanup" includes any response
<br /> action, remedial action, or removal action, as definefl in Environme,ntal Law; and(d) an "Environmental
<br /> Condition" means a condition that can cause, contribute to, or otheiwise trigger an Environmental
<br /> Cleanup.
<br /> Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br /> Substances, or threaten to release any Hazardous Substances, on or in the Properiy. Borrower 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)whicb 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
<br /> two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
<br /> Hazardous Substances that are generally recognize�i to be appropriate to normal residential uses and to
<br /> maintenance of the Properiy(including, but not limited to, hazardous substances in consumer products).
<br /> Borrower shall promptly give Lender written notice of(a) any investigation, claim, demand, lawsuit
<br /> or other action by any governmental or regulatory agency or private party involving the Property and any
<br /> Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
<br /> Environmental Condition, including but not limited to, any spilling, lealdng, discharge, release or threat of
<br /> release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br /> Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br /> by any governmental or regulatory authority, or any private party, that any removal or other remediation
<br /> of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary
<br /> remedial actions in accordance with Environm�tal Law. Nothing herein sha11 create any obligation on
<br /> Lender for an Environmental Cleanup.
<br /> 2300055783 n v6nrrE
<br /> NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT WIT� ,/1���
<br /> ��A�NE)loaiol Paee�z os is �nit�e�s: FOmI 3028 7/07
<br /> (R)
<br />
|