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<br />201200044
<br />umder the Note and this Seciuiiy Instrument and perrfforms other mortgage ]oan seivicing obligaQions under the
<br />Nate, this See��' + Ins�nt, and Applicable Law There also might be one or mare ci�anges of the L.oaq
<br />Ser�ic�er zmr to a sale of the Note. Iftliere �s ac3�amge aft�e L�an Seivicar, Bcnrower will be givea writtan
<br />notice of the chauge which will state ths name and address of the new L�n Servicer, the address to which
<br />payme�rts should be a�de and any oth�r info,cmatioa RESPA m connec:tion with a notice of tr�nsfer of
<br />serv�cxng. Tf the Nate is soId aad thersafter ihe Y:ti�ri is serviced�p a Lo�n Servicer othea� tha�n the pitt�chaser of
<br />�e Note, the mortgage laau senricing �bl�g�ations to B+�rower will remam witb �tha Loan Seavtcer or be
<br />transferred to a successor Loan Servicer aud are not assumed bythe Notie purchaserimless othervvise provided by
<br />the Nots purehase�r.
<br />Nerthar Barrower nt�r Lendex may comm�uce, join, or be join�d to any judicial a�c6an (as eit}►er an
<br />individuai iitigant or the �nber of a class) that anses from the other party's actions pursuant w this Secwity
<br />Inshument or tl�at alleges tbat the other party has breached any pzovision of or aq�+ �ny owed by reasonof, this
<br />Security Insrivment, unhl such Borrower or Lender has ndhfied the other party (with such notice�sv� m
<br />compg8nt�e with the requirements of Sectio�l •1 S? �€ suCh alleged breach ar�d afforded the other �rl.y hereto a
<br />reasonablep� od a�4er ifie giving of such nodce to take c�orr�ctive act'son. If A�plicable Law provid� a ti�
<br />period which must elapse hefore certaia action c� be tak�, that time period will be deeined to bereas�able for
<br />gurposes of this pmagraph. The n�tiee of se�eleration and opportunity to cure given to Borrowe�r puisuant to
<br />Sectioa 22 �d the notice pf accelesation giv�a to �orr�wer puss�ant to �ecbian 18 shall be dee�ed to satisfy the
<br />notic� and op�rtunrty to take cbrrecxive action provisiohs of this Se�tion 24.
<br />Z1. Hazardou� �nbstances. As vsed in ihis Section 2I: (a) `�dous Subsiances" are those
<br />substances defined as toxic ar harardous subs�ta�tces, poll►rtants, or wastes by Env�m�unental Law and the
<br />fQllor�ving �bstances: gasoline, kerosene, other flammable ai� taxic petroleum gmducts, Wxic gesticides and
<br />hexbicides, volat�e solvent4, m�terials containing asbestos or formaldehyde, and radioactive r�tenals; (f�)
<br />"F�viionmeatal La�' means federel laws �d lavrs of the jnrisdictit�n where tha Ptoperiy is lacated that relate to
<br />health, safety or envirnnment�l grate�tion; (c) "FJavimnmenxal Cleauup" includes any resgonse acEion, remedial
<br />aci�on, or removal ac�tion, as de�ned in Envit'oamental Y.aw; and �d) an "Faivironmm�ntal Condition" m�xas a
<br />condition that can causs, contribtite to, or o�erwise trigger an Env�ron�ntal Cieanug.
<br />Borrower shai] not cause or permit the presence,. use, disposal, storaga, or release of a�ry Hazardous
<br />Substances, or threaten ta release any Hazardous Substances, on or in the Prope�,}r. Borrower shall no't do, naa�
<br />allow anyone else to do, anythit�g aff�ing the Prbperiy (a} that is in vidIation of any Environmerital Law,
<br />f b) w+hiclz ereates an Envacmmental Condition, or (c) which, due tv the presence, use, or release of a Hazardous
<br />Substa�x�, creates a cnnditian tbat adversely affe,ets tha �+alw� of the Property. The precQding twro sentenc�s shall
<br />not apply to the presence, use, or storage on tha l�roperiy of smaIl es af Hazardpus St�bstances that ara
<br />generally r to be approprIate to normal residential uses an�maintenance of the ProPerty' ('uiclnding,
<br />but �ot '' tc� hazardous substances in conswner products�
<br />Borrower s�all piomptly give Le�nder written notice af(a) aby investigation claim, demand, larwsuit or
<br />oit►er action lty any gavernn�n#ai arreguiat4rY agenCY orPnvate party involvSng the Propeaty aad any Ha�rdu�s
<br />Subshdnce or Envizonmental l.�vv of which �orrower has actua2 know}edge, (b) any Envaona�entaI Candition.
<br />iaciuding but not limited to, any spilling, l�g, discharge, release or threat of release of any Hazazdaus
<br />Subst�nce, and (c any condit3on caus� by the presencx, use or ret�se of a T�azaztloiis Substance wlvch
<br />s
<br />adversel� affeds e value af the Progerty• If Borrower learns, or is noti�ed�governmental �r regularory
<br />authority, or any private garty, that a�ny reu�val or other remediation of aay ous Su'bstance affearng th�
<br />Property �s necessary, Borrower shail gmmptl� iake all necessary remeclial actions in accordance xnth
<br />Eavironmental Law. NoChir.� herein sha}1 creat�e any obtigation on I,.ender for am Environ�►tal Cleanup.
<br />NON-UI�TFORi�I COVENANTS. Bairo�ver and i.,ender furti�ei covenant and agree as fo[Iows:
<br />22. Acceleration; Remedies. Leader sbalE give aotice to Bnrrower priorto aeceleration folkwing
<br />Borraower's breash �f �ny cvvanant or agr.�euc$nt:3n tb.is �eee�,?i�' l[iq �aeaaenB �'u�tnai prior to �CCefleratinn
<br />under Section 18 untess AgpFfcab�c Law prov°ides n�hee�vise� 1'he notice ahall specf�: (a} the defaal�
<br />(b) the ac�on requfred ta cure the defaul� (¢) a dai�„ n� I� thsn 30 days from the date t3te notice is glven
<br />ta Borrower, by wh9ch the defa Wt mnst be cnred; a�td (d) that fail� to eure the dePault on or before the
<br />da#e spec3tietl iu the noi3ce may resalt in acceferation afthe snms secetre,d by this Secm�iiy Instrun►ent �d
<br />sale of f,be Prop�rty. Tlye qqtice shall fu�th�r imfarm Borrower of the right to reinstafe after accel�ratioa
<br />and �thhe rig6t to bring a court aetion to assert l�e noa-e�istence of � default or aoy other defense of
<br />Sorrower to acceleration and sale. Ifthe defaalt �S n� cnred on or before the date sp�fiS�i iu tbe notice,
<br />Y:ender at i� optian may reqaire imlmediate payment in foIl of a11 sem�s 5ecured by this Secnritg Instraraent
<br />without further d�manci anii may imoke the power of sale �nd any at}ier remedies permitted bY APPlicable
<br />L$w I.ender shaII be entfkled to callect all expens�es �cnrred in pnrsuiag the remedies prnvtded in this
<br />Sect'ron �Z, fnclpding, bat not lim"rted ta, r�sona6le attorneys' fees and costc nf title evidenc�
<br />If the power of safe is invoked, Trus�tee shall recard a no4ice ofdefanit in each county in whfelt any
<br />part of the Yroperty is located and s6ai1 mail capies of sach no�ce �n the manner prescribed by Applisable
<br />I.aw to �orrower and to the other persons pr,escrlbed by Applir.able Law. After the time reguired by
<br />Applicable Ilaw, Trustee sha�l gfve pnblic notice of sale to the persons and in the ueanaer prescribed by
<br />Appficable Law. Trustee, withont demand on BorrowEr, shall sell the Prttpetty at pnblie ane{ion to tha
<br />highest bidder gt the time and place an�Il a�dei Che terms desfgnated in the notice of sala in one ar more
<br />pancels and in anp orde�r Trastee determines. Trastee may postpone sale of ail or any parcel oT t6e
<br />�'roperty try public anaonacement at �he 61me and place of any previously sclieduled sate. Lender or its
<br />designee may pnrchas�e the Propertp at any sale.
<br />Upoa receipt of payment .of the price bid, Trastee shall deliver Efl the purcLaser Trps�tee's d�ecl
<br />conveying the Property. 1'be recitaLc �n t6e Trastee's deetl shall be prima facie evidence of the lrath af the
<br />statements made tberein. Trustee shall ap�ly the proceeds of the sale iuo the foAowing order.�a) ta all costs
<br />and eapense� oi exercising the power ot sale, aatl tEee sale, inelad� the payraent qf tite rustee's fees
<br />actnalEy incnrred and reasonaWe af#nrrreys' fees a4 permitlsd by Applicable Y.aw; (b) to al] snms secared
<br />by this Security Ynstramen� aBd (c) aoy ex�ss to tite gerson or persons legally entitled to it.
<br />23. 13econv�yanc�. Up�n payment of s.�ll .sr�ns ��cured by tbis Security Instruu�ent, Lender shal]
<br />request Tn�stee to re-cflnvey the Property �nd sha71 sarren� this Secwrty Instrume� and a11 notes evidencmg
<br />debt se�ured by this Secur�.y Tnstrument to Tru.s�. Trustee shall reconuey the Properiy tivithout wananiy to the
<br />psrson or pe�sons legaly entitled ta it Such petsot► or }�rsons shall pay any recordatton c,�sis. Lender rnay
<br />charga such persan or persons a fee �'or reconve}nn�the Propeaty, but on1� if the fee �s pa.id to a third patty (such
<br />as the Trustee} for �ces rendered and the chazgtng of �hE fee is pern�utted under Agpl�cable Law.
<br />1VE$RASICA—Siagle Famdy—FamAe MaelFredde MSC i]NIF'ORM 7NSTRUMENP {ME�1 Form 30281/1i1 (pnge 8 41�9P�1
<br />�L2439.CV (9111) RLIQ684 Cteative Thirtldng, Inc.
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