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201203�6�
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case of acceleration under Section 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
<br />the Note (together with this Security Instrument) can be sold one or more times without prior notice to
<br />Bonower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be
<br />one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br />Servicer, Bonower will be given written notice of the change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be made and any other information RESPA
<br />requires in connecrion with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Bonower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and aze not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Bonower nor Lender may commence, join, or be joined to any judicial acrion (as either an
<br />individuai litigant or the member of a class) tha,t arises from the other party's actions pursuant 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 Security Instrument, until such Borrower or Lender has norified the other party (with such
<br />notice given in compliance with the requirements of Section 15) of such alleged breach and afford�� the
<br />other party hereto a reasonable period after the giving of such notice to take corre,ctive actioa. If
<br />Applicable Law provides a time period wiuch must eIapse before certain action can be taken, that time
<br />period will be cie,emed to be reasonabie for purposes of ttus paragraph. 'Tke notice of acceIeratiQn and
<br />opporl�iuity to ctire given to Borrower pursuant to Section 22 and the notice of accelerarion given to
<br />Bormwer pursuaut to Section I8 � be deemed to satisfy the notice and ogportunity ta take c�rre.ctive
<br />actian provisions af t1�is Sectian 20.
<br />21. Hazardo�s Snbstances. As usea in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other ffammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containTng asbestos or formaldehyde, annd radioacrive materials;
<br />(b) "Environmentaa� �.a�r" means federal Iaws and Iaws of the jurisdiction where the Property is lc�cated that
<br />relate to heaith, sa:fety dr enviroumentat pmtection; (c) "Environmental Cleanup" inclu�es any response
<br />action, remedial action, or removal action, as defined in Environmentat Law; and (d) an "EnvironmentaB
<br />Condirion" means a condirion that can cause, contribute to, or otherwise trigger an Environmentat
<br />Cleanup.
<br />Bonower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor a11ow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmental Condirion, 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
<br />two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Progerty (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or Environmental Law of which Bonower has actual knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, dischazge, release or threat of
<br />release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br />�-6G�NE) (00051.0� Page 12 of 15
<br />O
<br />�nitial .
<br />Form 3028 7/01
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