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201206260
<br /> might result in a change in the enrity(known as the"Loan Servicer")tfiat collecu Periodic Payments due under the
<br /> Note and this Security Instrument and per.Foxms oflxex mortgage Ioan servicing obligations under the Note, this
<br /> Security Inshument,and Applicable Law. There also might be one or moxe changes of the Loan Servicer unrelated
<br /> to a sale of the Note. Lf there is a chaage of kfie Loan Servicex,Bozzower will be given written notice of the change
<br /> which wilI state the name and address of the new Loan Servicer,tfie address to which paymeots should be made and
<br /> any other informarion RESPA requires in connection with a notice of�ansfer oPservicing. If the Note is sold and
<br /> thereafter the Loan is serviced hy a Loan Servicer other tl�an the purchaser of the Note,ttie mortgage]oan servicing
<br /> obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are
<br /> not ass�ed by the Note purchaser unless otherwise provided by the Note purchaser.
<br /> Neither Borrowex nor Lender may commence,join, or be joined fo auy judicial action(as either an individaal
<br /> lirigant or t8e member of a class)that arises from the other pariy's acflons pissuant to this Security Inshvment or
<br /> that alleges that the other parry has breached any provision of, or any duty owed by reason of, this Security
<br /> Instrument,until such Bonower or Lender has notifiad the other party(with such norice given in compliance with
<br /> the requirements of Section IS)of such alleged breach and afforded ihe other party hereto a reasonable period after
<br /> the giving of such notiee to take corrective action. If Applicable Law provides a rime period which must elapse
<br /> before certam acrion can be taken,that time period will be deemed to be reasonable £or purposes of this pazagraph.
<br /> The notice of acceleration and opporiunity to cure given to Borrower pursuant to Section 22 and the norice of
<br /> acceleration given to Borrower pursuant to Section F8 shall be deemed to satisfy the notice and opporCnnity to take
<br /> cosective action provisions of this Section 20.
<br /> 21. Hazardous Substaucea As used in this Section 21: {a)"Hazardous Substances" are those substances
<br /> defined as toxic or hazardous substances,pollutants,or wastes by Environmental Law and the foliowing substances:
<br /> gasoline,kerosene, other flaunnable or toxic petroleum products, to�c pesticides and herbicides,volatile solvents,
<br /> materials contaming asbesms or formaldehyde, and radioactive materiaLs; (b) "Enviroamental Law"means federal
<br /> laws and 2aws of the jurisdiction where the Property is located that relafs to health, safety or environmental
<br /> protection;(c}"Envuonmental Cleanup" includes any response action,remedial action, or removal aetion, as
<br /> defined in Environniental Law;and(d)an "Environmental Condition"means a condition that can cause, wntnbute
<br /> to,or otherwise trigger an Snvironmental Cleanup.
<br /> Borrower shall not cause or permit the presence,use,disposal,stozage,or release of any Hazardous Snbstamces,
<br /> or threaten to release any Hazazdous Substances,on or in the Property.Borrower shalI not do,nox allow anyone else
<br /> to do,anything affecting the Property (a}that is in violatioa of any Environmental Law,(b)which creates an
<br /> Enviroamental Condirion, ox(c}which, dae to tfie presence, use, or release of a Hazardous Substance, creates a
<br /> condition that adversely affects the value of the Property. The preceding twa sentences shall not apply to the
<br /> presence,use,or storage on ttze Property of small quanrities of Hazardous Substances tfiat are generally recogn'v.ad
<br /> to be appmpriate to normal residential uses and to maintenance of the Properry (including, but not limited to,
<br /> hazardws substances in consumer prodacts).
<br /> Borrower shall pzomptly give Lender written noYice of(a) any investigation, claim, demand, lawsuit or other
<br /> action by any governmental or regulatory agency or private paRy involving the Properiy 2nd any�Tazardous
<br /> Substance or Environmental Law of wluch Borrower has actual lmowledge, (b) any Environmental Condition,
<br /> including but not limited to, any spilling, leaking, dischazge, release or threat of release of any Hazardous
<br /> Substance,and(c)any condifion causad by the presence,use or release of a Hazardous Substamce wiuch adversely
<br /> aff'ects the vatue of the Property. Tf Borrower learns, or is norified by any govemmentaI or regulakory authority,or
<br /> any private pari}�, fihat any removal or other remediation o£ any Ilazardous Substance affecting the Property is
<br /> necessary,Borrower shall prompfly take all necessary remedial actions in accordance with Environmental Law.
<br /> Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
<br /> NON-UNIF03ZM COVENANTS. Borrower and Lender further covenant and agcee as follows:
<br /> 22. Acceleration;Remedies. Lender shall give nofice to Borrower prior to acceleration following
<br /> Borrower's breach of xny covenant or agreement in this Security Tnstrument(but not prior to acceleration
<br /> under Section 18 unless Applicable Law provides otherwise). The notiee shall specify: (a}the default; (b)the
<br /> acdon required to cure the default; (c) a date, uot less than 30 days from fLe date the notice is given Eo
<br /> Borrower,by whieh the deFaait must Be cured; and (d)that failure to cure the default on or betore the daEe
<br /> specified in the notice may result in acceleXation of the sums secured by t6is Security Instrument aud sale of
<br /> the Property. The notice shall fnrther inform Sorrower of the right to reinstate after acceleration and the
<br /> right to bring a court action to assert tfie non-existence of a default or any other defense of Borrower to
<br /> acceleration and sale. If fhe default is not cured on or before the date specified in t8e aotice, Lender at its
<br /> option may require immediate payment in fu11 of all sums secured by this Secur[ty Tnstrument without
<br /> further demand and may invoke the power of sale and any other nrem�ed/ies pe itted by Applicable Law.
<br /> Initials: iFJ.ye� ���
<br /> PIEBRA.SICA—Single Family—Famie 1NaelFreddie Mnc S7NII+ORM INSIRUMENT Form 3028 1/01 (page IO ojl3 pagesJ
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