201200389
<br /> in flie Propaty and rights under tliis Secuclty InstmmenY; aud(c�takes such action as Lendes may
<br /> reasonably require to assure that Lender's 'vrterest in the Property and rights under this Security Instnunent,
<br /> and Borrower's obligation to pay the stims secured by this Security Instrument, shall con4inue imchanged
<br /> Lender may require that Borrower pay such reinstatement sLUns and expenses in one or more of thc followuig
<br /> forms, as selected by Lender: (a) cash; (b)money order; (c) certified check, bank check, treasurer s chzck or
<br /> cashier's check, provided any such check is drawn upon an insrituripn whose deposits are insured by a
<br /> fed�ral agency, instavn�ntality or entity; or(d) Electrpnic Funds Transfer. Upon reinstatement by Borrower,
<br /> thia Security Inshument and obli�ations secured heieby shall remain fully effective as if no acceIerarion 15ad
<br /> occurred. However, this right to reinstafe shall not apply in thc case of aecelerafion under Section 18.
<br /> 2D. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
<br /> Note(together with this Security Instnunent) can be sold one or more Umes�jrithout prior notice to
<br /> $orrower. A sale migkt result in a chaage in the entity(laiown as tha"Loan Servicer")that collects Periodic
<br /> Payments dne tmder the Nofe and this Security Tilstrument and performs other mortgage loan servicmg
<br /> obligations under ihe Note, this Security InsCrument, and Applicable Law. There also might be one or more
<br /> changes of the Loan ServiEer unrelated to a sale of the Note. If there is a change of the Lo�n Servicer,
<br /> Bosower will be given written notice of the change whiah will state the name and address of the new I.oan
<br /> Servicer, the address to wluch payments should be made and any othcr information RESPA requires in
<br /> connection with a notice of transfer of senricing. IP the Note is sold and thereafter the Loan is serviced by a
<br /> Loan Servicer other than thepurchases oPthe Note, the mortgage loan servicing obligations to Sorrowex wiIl
<br /> remain wiih the Loan Servicer or be transferred to a successor Loan Servicer ani3 are not assumed by the
<br /> Note purchzser unless otherwisc provided by the Note purchaser.
<br /> Neither Borrower nor Lendex may eommence,join, or be joined to any judicial action(as either an
<br /> individual litigant or the meinber of a class)that arises from the other pariy's actions pursuant to this
<br /> Security Instrument or that alleges that the other party has breached any provision of, or an}r duty owed by
<br /> reason o� fliis Security Insh-umea� until sueh borrowex oi Lender has notified the otha pazty(witli snch
<br /> notice given in compliance with flic requ�rements of Section 15) of such alleged breach and afforded the
<br /> other pazty hereto a reasonable period after the giving of such notice to take corrective acrion. If Applicable
<br /> L,aw provides a time period which must elapse before cerSain action can be taken, fhat time periad will be
<br /> deeuied to be reasonable for purposes oPthis paragraph. The norice of acceleration and apportunity to cure
<br /> given to Boizower pursuant to Secrion 22 and thc notice of acceleration givcn to Borrower pursuant to
<br /> Section 18 shall be deemed to satisfy the notice and opportunit}�to take corrective action pro�nsions of this
<br /> Section 20.
<br /> 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances° �e lhosc substances
<br /> defined as toxic or hazardous substances, polTutants, or wastes by Environuzental Law and the following
<br /> subs'tanc.�: gasoline, kerosene, othec flammable or toxic peisoleum products, toxic pesticides and herbicides,
<br /> volatile solvents, materials containing asbestos or formaldehydc, and radioackive materials; (6)
<br /> "Environmcmtal Lmv"means £ederal laws and laws of fifie j�uisdiction where the Property is located that
<br /> relate to health, safety or enviromnental proteceion; (c) "Environmental Cleanup"includes any response
<br /> action, remedial action, pr removal action, as defined in F,nvu-onmental Law; and(d)an °EnvironmenEal
<br /> Condition"meat�,s a condifion Yhat can cause, contribute to, or otherwise trigger an Envuonmental Cleanup.
<br /> &orrower shall not cause or pemut thc presence, use, disposal, storage, or release of any Hazardous
<br /> Substances, or flu�eaten to release any Hazardous SuUstances, on or in the Properiy. Borrower shaIl not do,
<br /> nor allow anyone else to do, anykhiug affecting the Properry(a)tbzk is in violalion of any Env3ronmental
<br /> Lav✓, (b) which creates an Environmental Condi6on, or(c)wlvch, due to the presence, use, oi release of a
<br /> Hazazdous Substance, creates a condirion that adversely affects ihe value oP the Yroperty. The preceding two
<br /> zaoaoaso
<br /> N�RFSKASingle Family-Fannie M zPJFreddiz h7ac 11NIFORM INSTRUM ENT Form 3028 1/01
<br /> VMP� VMPfi(Nh�(1105)
<br /> N/oliers KWwer Fnancial Services Paqe 13 of 1]
<br />
|