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201208989
<br /> in tlie ProperCy and rigl�ts m�dcr thie Security Inelriui�en[; ancl(d) Cnlces sueh ncCion as Le�ide�mny
<br /> rcasonably rcquiro to assure that Lender'e interest in the Pioperty nnd rights tmder this Security InstrumenP,
<br /> nnd Borrower'a obligation to pay the swns secwed Uy this Secutity 6istrumenC, sl�all cont'rnue Lmchangad.
<br /> Lender inay requ'se tbat Rorrowe��pay sucl�veinskdenient emne and expeuses in one or more of lhe Pollowing
<br /> forms, as selcc tcd Uy I,ender: (a) onsh; (b)money order; (c) certified check, banl<cheek, heasurer's check or
<br /> caahier's nheck, provided any euch check is drawn upon aYi inatitution whose deposits u'e insured by a
<br /> Federal ageney, ineh•wnentali�y or entity; or(d)Elech�onic Funda'I'ransfer. Upon reinstatcmenf by Borrower,
<br /> thia Security Inst�'tunent a�id obligations securcd 11ci'oby sh�ll retnain�Pully effective eis if no aocelere�tion h�d
<br /> oceurred. Howeve�', tliie right to rciiist�te sl�all not apply in ehe ceae of�ccelerntion under Section 18.
<br /> 20. Sale of Note; Change of Loan Servicer; Notir,e of Grievance. The No�e or a partial inceresc in the
<br /> IQotc(togcthcr wiUi this Secnxity Tnetrument) cen be sold one or more tiixles without prim� notice to
<br /> Borrowei. A snle might result�in a change in the enfity(la�own as t7ic "Lr�an Servtcer")thll oollects Periodio
<br /> Pa}nnents due under the Note and thia Security IvetrumeuC nnci performs other tnortg�ge loan seivicing
<br /> oUligations mider t1�c Note, ihis Seclu�ity Instniment, nnd Applicable Law. There also inight be one or more
<br /> changrs oP the,Lonri Servioer unrelnted to a sale of tihe Note. ]f thare i�s � c1�ange of the I,oati Scrviccr,
<br /> Borxower will be given writtennotice of flie ch�u��e wl�ich will eklle Che naine and�ddress of the new Loa�i
<br /> Servicer, the lddress to wbioh payments sl�ould l�e made and �ny other in£ormation RBSPA requires in
<br /> cormectiou widi a notice of traneFei�of Feivicicig. If the NoYe is eold and thereafter thE Loan is serviced Uy a
<br /> l,oan Servicer oYhor fhzn ll�e purchasex of the Note, the inorEgage Ioan servicing obligations tn k3orrower will
<br /> remain with Clie Loan Seivicer or be f�'ansferred fo a succcsaor Loan Scrvicm-�nd are no�assumed by ttie
<br /> Note pnrchaser unless oUierwise provided by tho NoTc purohaser.
<br /> Neither Borrower nor Levider may commeuco,jniu, or hejoined to any judicial aotion(as either t�n
<br /> individual litigaut or the mcmber oP a olass) that nrises fi�om tha other paz'ty's actions puisuant to thiy
<br /> Sccurity Innh�wi2enC or that alleges tliat the other party has breacl�ed e�ny provision of, or any duty owed by
<br /> r�son of, this Security Il�sCnmieut, mitil auch 13orrower or Lender has notifiecl Lhe othex party(with such
<br /> noYice given in complianco with thc requirements of Seetion 15) of such alleged breach a�id afPorded flie
<br /> other pnrty l�ercto a reasouable period after the giving oP such notice to take cortective�ction. if Applicablc
<br /> Law provicies a tin�e peciod which must elapse before certain action can be talcen, ihat tii2�e period will be
<br /> <leeined to be reAsonebla for pwposes of this paragraph. The noCice of ncoelerntioti aud opporhmity to cure
<br /> given fo Rori•owcr pursuant Co Seetion 22 and the noYice o�P acceleration given to Borrower pursuant to
<br /> Seotion 18 shall be deemed Yo saYisfy tlie notice nnci opportunity to talm correctivo xetion provisions o�f this
<br /> Section 20.
<br /> 21. Wazdl'dous Substances. As used in th'rti Scction 21; (a) "Ilazardous Substar�ces"nxe ihose snbstances
<br /> defined as toxio or hazardot�s eubafances, polfitants, ar wasees by Enwiromnental Law and the Following
<br /> suUstauws: gasoliiie, kerosene, other flazmi�able or toxic petrolemn}�roducts, toxic pesticidcs and ha'bicidcs,
<br /> wlntile eolvents, materials oontaiivvg asUestos or fonnaldcliyde, and rndioacCive materials; (b)
<br /> "Envtronna�entad Law"m��ns federal laws and laws aP the juriadiction where the Propertv is locaked that
<br /> ralaie to healtl�, safefy or cnviiromnenhnl proCection; (c} "Environmental Cdeanup"inclttdas any resyonse
<br /> action, rcmcclial action, or removnl nction, as defined in L�nviroiuneuGa.1 Law; end(d) aiai "F,'nvirunizzentcal
<br /> Conditiori"means a condition that can cause, contribute to, or othcrwisc Lrig�er an Enviroiunenk�l Cleamip.
<br /> Borrower shall not c�tuse or pecmit Ylxe presence, use, disposal, storage, nr rdcasc of auy Hazardoua
<br /> SubstHnces, or threateu to releaso nny Hazardous Substances, on ox in the Property. Borrower ehall not clo,
<br /> nor allow anyono clsc to do, anything nffecting the Property (a) tha�t is fli violatiion of any F�rvu�omnei�ta1
<br /> L�w, (b)which oreiatee an Enviroinnental Condition, or(o) which, duc tn thc}�respnce, nec, or release of rt
<br /> ISazu•dous Subatiance; creates a condifion tl�aE advcrsely affecfs the value of t(ie Property. The preeeding two
<br /> -- - -- saooseaz
<br /> N[BI'1ASKn-Single Pamlly-�annle IdaelFreddie M ac UNIFORPd INSTRUM ENT form 3o2� 7 fo�
<br /> VMP� VMPBZNE)(1106)
<br /> Woltere Kluwer Flnenclal5ervices Page 13 af 11
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