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201206070 <br />in the Property and right-, under this Security hign-uniend; 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 Borrower's obligation to pay the suins secured by this Security Instrument, shall continue unchanged. <br />Lender may require that Borrower pay such remstaterricart sum 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, treas=f Is check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insuredby a <br />federal agency, instrumentality or entity, or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, <br />this Security histrument 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; Change of Loan Servicer; Notice of Grievance. The 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 />Borrower. A sale might rcKult in a change in the entity (known as the "Loan Servicer'� that collects Periodic <br />Payments due under the Note and this Security histrument 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 be given written notice of the change which will state the name and addresq of the 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 thereafter 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 />Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or bejoined to anyjudicial 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 histrurnent or that alleges that the other party has breached any provision of, or my duty owed by <br />reason of, t1iis Security Instrument, until such Borrower or Lender has notified the other party (with such <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 />deemed to be reasonable for purposes of his paragraplL The notice of acceleration and opportunity to core <br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to <br />Section IS shall be deerried to satisfy the notice and opportunity to take corrective action provisions of this <br />Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Suhstarices" are those substances <br />defined as toxic or hazardous substances, pollutants, or wastes by Enviroddinemal Law mad the following <br />substances: gasoline, kerosene, other flammable or toxic petrolem products, toxic pesticides and herbicides, <br />volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) <br />"Eavironmental Law" means federal laws and laws of thojurisdiction where the Property is located that <br />relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response <br />action, remedial action, or removal action, as defined in Environmental Law-, and (d) an "Environmental <br />Condition " means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. <br />Borrower shall act 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 allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental <br />Law, (b) which creates an Environmental 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 />NEB��SKA-Singde F.Ry-Faurie MaelFred die Mac UN I FOW, IN STRUM ENT 24001526 <br />VMP8 Per. 3028 1101 <br />WrIters Kluwer Finarrial Sewices VMP6gNt9 (1105) <br />Page 13 of 17 <br />