Laserfiche WebLink
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
20110904G <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 Property and rights under this Security Instrument, <br />and Borrowcr's obligation to pay tbc sums secwcd by this Sccurity Instrumcnt, shall continuc unchangcd. <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 drawn upon an institution whose deposits are insured by a <br />federal agency, inslrumenlality or entity; or (d) F.lec;lronic Funds Trdnsfer. iJpun reins(alemenl by Burrower, <br />this Security 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; Changeof LoanServicer; Notice of Grievance Note or a partial interest in the <br />Note (together with this Security Instrument) can be sold one or more times without prior notice to <br />Borrowcr. A salc might result in a changc in thc cntity (known as thc "Lon�! Servicei•'� that collccts Pcriodic <br />Payments due under 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 he given tvritten notice of the change which will stale the name and address of lhe 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 thereafier 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 transferred to a successor Loan Servicer and are not assumed by the <br />Notc purchascr unlcss othcrwisc providcd by thc Notc purchascr. <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 pursuant to this <br />Security Instrument or that alleges that the other parly has breached any provision of, or any duty owed hy <br />reason of, this Secutity Instrument, until such Botrower or Lender has notified the other party (with sucb <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 />dccmcd to bc rcasonablc for purposcs of this paragraph. Thc noticc of acccicration and opportunity to curc <br />given to Bonower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to <br />Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this <br />Section 20. <br />21. HazardousSubstanCes.As used in lhis Section 21: (a) "Hn�nrdnu.c St�fi,s[aitces" are (hose substances <br />defined as toxic or hazardous substances, pollutants, or wastes by Environuiental Law and the following <br />substances: gasoline, kerosene, other flaminable or toxic petroleum products, toxic pesticides and herbicides, <br />volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) <br />'Efevir•ottnientnl Lau�" means federal laws and laws of the jurisdiction where the Property is located that <br />rclatc to hcalth, safcty or cnvironmcntal protcction; (c) "Erivirori�nerrzal Cleanup" includcs any responsc <br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Eriviroranien�nl <br />Condition." means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borruwer tihall nol cause or permit the presence, use, disposal, storage, or release of any Ha•rardous <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 �nvironmental 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 />NEBRASKASingle Family-Fannie Mae/Freddls Mac UNIFORM INSTRUMENT Fortn 3028 1/01 <br />VMP � VMP6(NE) (1105).00 <br />Wolters Kluwer Financial Services Page 13 of 17 <br />