|
201201292
<br /> in Che Yroperry and riglits undex this Security Instrumont; and (d) takes such action as Lendec may
<br /> reasonabLy require to 2ssure that Lendcr's interesC in the Property and rigl�ts undar this Security Instrunicnl,
<br /> and Borrower'y obligation to pay the sums secured by this Security Insuument, shall continuc unchanged.
<br /> Lender may require Chal Rorrower pay such reinstatement simis and cxpenses in one or more pf Che following
<br /> forms, as selected by Lender: (a) cash; (b) inoney ��cler; (c)corl'ified check, bank eheek, Creasurar's cl�ecic or
<br /> cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a
<br /> Federal agency, insfxumentality or enlify; or(d) Electronic Ftimds Ti<wsfer. Upon reinskitement by Bocrower,
<br /> Ytiis Seourity Instrument and obligations secured hereby sl�all remain fully effecCive as if no acccleration had
<br /> occurred. However, this righC to reinstate shall not apply in the c.tse of acceleration uuder Saction 18.
<br /> 20. Sale of Note; Change of Loan Servicer;. Notice of Grievance. The Note or a partial intcresC in the
<br /> Note (togcCher with this Seeurity Insirument) can be sold one or moTe Cimes without prior notice to
<br /> Borrower. A sale might result in a change in thc enCiCy Qrnown as the "Lr�art Servicer") tllat collecte Pcriodie
<br /> Payme�zCs due uuder Uia Note and Ch3s Security Instrument and performs otlier inortgage loan servicing
<br /> obligations uilder thc Note, this Security Instrument, and Applicable Law. Thare also mlght be oue nr more
<br /> changes of tha I,oan Servicer unrelated Co a sale of the NoCC. lf fhere is a change oP ihe I,oau Servlcer,
<br /> Rorrower wilf be given written nr�tice of the change which will st��te tl�e i�ame�nd nddress ot[he new l,oa�
<br /> Servicer, the 2ddrass to which paymcn�s should be made ai�d any other information RSSPA rcqaires in
<br /> comiection with a notice of transfer of seivicing. If the Note is sold ai�d thec�afCCr �lie i.oan is serviced by a
<br /> Loaui Servicei�othcr lhan the purchaser of clie Note, tl�e inortgage loan scrvicing obligations to Borrower w311
<br /> ce�naiu wiCh Che I.oan Servieer ar be tr�nsferred to a successor Loan Servicer and are not assumed by th�
<br /> Note pm'chaser uuless otl�erwise provided by the Nol:e purchaser,
<br /> NciChcr Rorrower nor Lendec may comuieiice,join, or be joined to any jndicial acCion (as eitl�er av
<br /> individual liCigant or the member of a class) ChaC arises from the otl7er pflrty's aetions��ursuai�t to lhis
<br /> Sectu�iCy uistrument or that alleges C6at the other pacty has breached nny pwvision oP, or any dt�ty owed by
<br /> reason of, this Security InsLrument, until such Borrower or I,e�ider hes noLified the other party (with sucl�
<br /> notice given in compliance with the requiremeuts of Secrion IS} of such alleged breaeh aud afPoxded thc
<br /> othcr parfy hereto a reasonable period after the giving of such notiee tn Cake aorrective action. If'Applicable
<br /> Law provid�s a time period which must elapse before certain aetion enn be taken, that time pciiod will he
<br /> deemed Yo Ue ceason2bla for purposcs oP Chis paragrapli. The notice of acceleration anel opporfunity to cure
<br /> given to Borrower pLirsuanC to Section 22 u1d the notice of accaleration given tp Borrower pursua��t to
<br /> SecCion IS shall I�e deemed to satisf'y the iiotice and opportunity Co take corree[ive actioii provisions of this
<br /> Section 20,
<br /> 21 . Hazardous Substances. As used in this SecCion 21; (a) '7lazardous Substances"tue thosc substances
<br /> defined as [oxic or liazardous substances, pollutaiits, or wastes Uy Enviromncntal l,aw and the following
<br /> suUstances: gasolina, kerasene, oCher flunm2ble or toxic petrolcum producta, toxic pesticides�tnd her6icidcs,
<br /> volatile solvents, maherials cont�nini�ig asb�stos or�formaldehyde, and radi�active materials; (b)
<br /> "L*'nvlronrner2tad I.aw" means fedecttl laws and laws of Clie jut'isdiction where flie Proporty is located that
<br /> relaC� to healtl�, safety or environmental pr�CecCion; (c) 'En�vtrannaental Clem�tztp" includes any respot�se
<br /> action, cemedi�Q action, or removal acTioi�, as defined iii Environn�icntal La�u; �and (d) an "Lnvir�onrnental
<br /> Conelltion"n�eans a condition Cliat can cause, contributc to,or oLhexwise triggera�� �nviromnental Cleanup.
<br /> Borrower shtill not cause or permit Che presence, use, d�sposal, storagc, or xelease of any Hazardous
<br /> Subst:mces, or lhreaten to release any ITazardous Substancos, on or in lhe Properey. Borrower shall no[ do,
<br /> nor allow anyone else to dQ, anything afrecting Che ProperCy (a� t1iaC is in violation of any Environmental
<br /> Law, (b) wliiph creates an Siivimmnental Condition, or (c) which, due to the presence, use, or release of a
<br /> IIaaardous Substane;c, creates a c�ndition that adversely affects thc value of the Propei�ey. The pxeceding two
<br /> 2AO0a859
<br /> NF.FRASI<A-Singla Famlly-Fannie MaelFre�Jie Mec UNIFOHM INSTRUMf.NT fvrm 3028 ll01
<br /> VMP� VMP6WEI(1106)
<br /> wokars I<luwar Flnwnulel servlcae re2a 13 nP P
<br />
|