Laserfiche WebLink
,. a � � ,' <br />�I I : : , ` ��; �,' <br />in the Property and rights under this Security Instnunent; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, <br />and Borrower's obligation to pay the sums secured by this Security Instrutnent, 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) certified check, bank check, treasurer's check or <br />cashier's check, provided any such check is drswn upon an institution whose deposits are insured by a <br />federal agency, instrumentality or entity; or (d) Electronic Funds Tiansfer_ Upon reinstatement by Borrower, <br />this Security Inshument and obligations secuted 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 Note or a partial interest in the <br />Note (together with this Security Inshument) can be sold one or more times without prior notice to <br />Borrower_ A sale might result in a change in the entity (known as the "Loan Setvicer'� that collects Periodic <br />Payments due tmder 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 />Borrower 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 information RESPA 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 Borrower will <br />remain with the Loan Servicer or be hansferred 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 litigant or the member of a class) that arises from the other party's actions p»*�nt 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 Se,curity Insttu.ment, uatil such Borrower or Lender has notified the other party (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 petiod after the giving of such notice to take correcrive 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 Bortower pursuant to Section 22 and the notice of acceleration given to Bottower pursuant to <br />Section 18 shall be deemed to satisfy the notice and opportunity to take correcrive action provisions of this <br />Section 20. <br />21. HaZardousSubstanc:es.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 <br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, <br />volarile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) <br />„ Environtnental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate to health, safety or environmental protection; (c) "EnviYOnmental Cleanup" includes any response <br />acrion, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environrraental <br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or rele,ase of any Hazardous <br />Substances, or threaten to release any Hazardous Substances, on or in the Property_ 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) 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 />NEBRASKASingla Family-Fannfe MaelFreddie Mac UNIFORM INSTRUMENT Fortn 30281/0� <br />VMP � VMPB(NE) (1'105).00 <br />Wolte�s Kluwer Fina�ial 3ervicea Page 13 of 17 <br />