|
201210795
<br /> in the Properiy and rights under this Security Instrument; aiid(d) takes such action�s Lender inay
<br /> :easonably rcquire to assure that Lender's interest in the Property and rights under this Security Instrument,
<br /> and Borro�er s obligation ro pay the suins secured by this Security Instrument, shall continue unchanged.
<br /> Lender may require that Borrower pay such reinstatement sums and expenses in one or inore of the following
<br /> forms, as selected by L,ender. (a) cash; (b) money order; (e) certified check, bank eheck, treasurer's check or
<br /> cashicr's chcck, provided any such check is drawn upon an institurion whose dzposits aze insured by a
<br /> federal agency�, insh-i.unenTality or enrity; or(d)Electronic Funds Transfer. Upon.reinstatement by Borro�ver,
<br /> ttus Security Instrument and obligarions secured hereby shall xemain fully effective as if no acceleration had
<br /> occurred However, this right to reinstate shall not apply in the case o£aeceleration undex Section 18.
<br /> 20. Sale of Note; Change of Loan Servicer; Nofice of Grievance. The Note or a paztial interest in th�
<br /> Note(together with this Security Instrument) can be sold one oi moie times without pdor notice to
<br /> � Borrower. A sale might result in a change in the entiry(known as the "Loara Servicer") that e;ollects Periodic
<br /> Payments duc under the Note and this Security Instruznent and perforsns other mortgage loan servicing
<br /> obliga6oas under the Note, [his Security insh-ument, and Applicable Law. There also might Ue one or more
<br /> c3�anges of the Loan Servicer unrelated to a sale of the Notc. If tiiere is a change of the Laan Servicer,
<br /> Borrower will be given written notice of the ctiange which will state thc name and address of the ne�v Loan
<br /> Ser�icer, the address to wluch payments should be made and any other informarion RESPA requires in
<br /> connection with a notice of transfer of servicing. If the Note is sold and thexeafter the Loan is serviced by a
<br /> Loan Senricer other than the purchaser of the NoYe, the niortgage loan servicing obligations to Borroever will
<br /> remain wifh the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the
<br /> Note purchaser unless otherwisa provided by the Note ptuchaser.
<br /> Neither Borrower nor Lender may commence, join, or be joined to any judicial action(as either an
<br /> individual litigant or flie mem6er of a class)th2k azises from the pther party's actions pursuant to this
<br /> Security Instrument or that alleges that the other parry has breac;hcd any pro��sion of, pr any duty owed by
<br /> reason of, th:s Security Instrument, witil such Borrower or Lender has notified the other party(with such
<br /> norice given in compliance with the requirements of Section 15)of such alleeed breach and afforded.the
<br /> other party hereto a reasonahle period after the giving of such nouce to take correctice action. If Applicablz
<br /> Law provides a time period which must clapse before certain action can be taken, that lime period will be
<br /> deemed to be reasonable for purposes oP tlus pazagraph. The norice of accelerarion and opporcunity to curc
<br /> given to Borrower pursuant to Section 22 and the notice of accelcration given to Borrower pursuant to
<br /> Section 18 shall be deemed to satisfy the notice and opportunity to take corrective acfion provisions of this
<br /> Section 20.
<br /> 21, Hazardous Substances. �s used in this Secuon 2L (a) "Hci:ardous Substances" aze those subsYances
<br /> defined as toxic ur k�au�rdous sub5tnnces, pollutanis, ox wast�by EnvironmenTal Law and ihe following
<br /> substanecs: gasoiine; kerosene, other flammable or touc petroleum products, toxie pcsticides and herbicides,
<br /> valatile solvents, materials containiag asbestos or Pormaldehyde, and radioactive materials, (b)
<br /> "Envisonmental Law"means federal laws and laws of tkie j�sisdiction where the Pcopexty is located fliat
<br /> relate to health, safzty or envirorrmental protection; (c) "Envzronmental 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�nvironxnental Cleanup.
<br /> Borrower shall not cause oi pernrit the presenee, u�e, disposal, storage, or rel�ase oS any Haaardous
<br /> Substances, or threaten to release any IIazardous Substances, on ar in the Property. Borrower shall not do,
<br /> nor allow anyonc else to do, anything a£fecting the Pcoperty(a) that is in��olation of any Environmental
<br /> Law, (b) �hich creates an Environmental Condition, or(c)which, due to the presence, use, or:elease of a
<br /> Haz�dous Substance, crea#es a condition that ad�OrSely 3ffects the value of the Property. The preeeding iwo
<br /> zaaazasa
<br /> NB215KASiryqle Fariity-Fannie M ee/Freddie PA ac UNIFORM INSTROid ENT Form 3028 1/0?
<br /> V[dP�y VM?6(NE�(t 165)
<br /> N.'olters Kluwer Fnancizl Servic=_s Page 13 of 1 T
<br />
|