��1 5�5�3�
<br /> �n the Prtiperty and rights under�his Secur�t��ns�rument; and �d}ta�es �uch action as L.�nder may
<br /> rea��nabiy require to assure tha�Lender's �n�erest in th�Property and rights under this Se�urity �nstrumen�,
<br /> and Borrawer'�obligatian to pa�the sums secur�d by this Security�nstrument, shal�continue unchanged.
<br /> Lender ma�r require that Borrower pay such�eins�a�ement sums and�xpenses in ane or mnre�f the foi�owing
<br /> forms, as sel�cted b�I.�nder: �a}cash; �b}money ord�r; �c�certified che�k, bank Gheck, �reasurer`s check or
<br /> cashier's check, pro�ided any such check is drawn upan an�nsti�utxon wh�se deposits are insured by a
<br /> federal age�.c�, ins�rumentaii�y or enti�y; or�d}Eiectronic Funds Transfer. Upon r��nsta�emen�by Borrower,
<br /> �his Securi�� Ins�rument and obligations secured h�reby shall remain full�effective as�f na a��eleration had
<br /> a�curre�. �-Iflwe�er, this r��ht�a re�ns�ate shali n��appl�r in the�ase�f acceleration under Sec�ion �8.
<br /> �D. Sa[e af Nn�e; Change vf Laan Ser�icer; Not�ce vf Grie�ance. The Nate or a par��al inter�s�in�he
<br /> No�e��age�h�r with this S��urity Instrurnent}can b�sald one or more t��rn.es v�rithout przor no�ice to
<br /> BorrQwer. A sale rnight r�sult in a change in the entity �kn�v�n as�he "L,�arx Servicer"}that callects Periodic
<br /> Paym�nts due under the Na�e and this Securit�Instrument and perf�rms ather mor�gage loan serv��cing
<br /> �bZigations under�he Note, �hzs Security �nstrument, and App��cab��Law. Th�re also mig�.t be one or more
<br /> change�of the Laan S�rv�cer unrelated to a sale�f�h��ote. �f�here�s a�hange af the Loan Servicer,
<br /> BQrrower will be g�ven v�ritten natice af�he chan�e u�hich vv�11 state the name and address of�he new Laan
<br /> Servicer, the address to v�rhich payments should be made and any nther informatron RESPA requ�res in
<br /> conneGt�on with a no�ice af transfer of servicing. �f the Note is so�d and ther�after�he Loan is serv�ced by a
<br /> Laan Servicer ather�han the purchas�r of�he Nate, �he mortgag�l�an s��-�vi�ing ob�xga�z�ns��Borrotiver w���
<br /> r�main wi�h�he Loan ServYcer ar b�transferred to a succ�ssar Loan Servi��r and are not as�umed b�the
<br /> �ote purchaser un�ess otherv�ise prov�ded by the Na�e pur�haser,
<br /> Ne�ther Bo��awer nor Lender may cflmmence,j��n, flr be joined�a any�ud�cial a�tion�as eith�r an
<br /> indi�idual litigan�or the member of a c�ass}that aris�s from�he oth�r party's a�t�ons pursuan�tn this
<br /> Security Instrument or that alleg�s that the�ther par�y has breached any pr�vis�an of, ar an�duty owed by
<br /> reason of, th��Secur��� �ns�rurnent, unti� �uch Borrower or Lender has n�tified the o�her�art.y ��ith su�h
<br /> not�ce given�n�o�npl�anc�,v�ri�h the requ�remen�s af Sectian I5�of such a�leged�reach and affo�rded�he
<br /> flther par�y heretfl a reas�na�I�period after�h�gi��ng of such notic�ta�ake c�rre��ive act�on. �f Applicab��
<br /> Law provides a�ime period�vhich must elapse befor�cer�ain action can be�aken, �hat time period will be
<br /> de�m�d to�e r�asonable far purp�ses of th�s paragr�ph. The notice of accel�rat�Qn and�ppor�un�ty��cure
<br /> given to Borr�vver pursuant to 5ection�2 and the no�i�e of aG�elera�ion given to B�rrow�r pursuant�o
<br /> S�c�ian �8 shal�be deemed t�sat�sfy�h�n�tice and oppor�unity t�take c�rr�ctive act�an provisions nf�his
<br /> Se��ion��.
<br /> �'i. Ha�ardous Substances. As used in this S��tian�1: �a} "�-Ia�arc��us Substances"are tho�e substances
<br /> defined as�o�ic or hazardous substances, pol�utant�, nr wastes by Environmental La�and�he follawing
<br /> su�stances: gasaX�ne, l�erosene, tither�Zammab�e ar toxic p�troleum produc�s, toxi�pes�icid�s and herbicides,
<br /> vala�il�solvents, materia�s c�ntaining asbestos�r forma�dehyde, and rad�aa��ive ma�erzals; (b�
<br /> ".�nvironrrtetztal�ti�"mear�s federal Iaws and Iavvs af�he�uri�d�c�ion v�here th�Proper�y is Iocat�d�ha�
<br /> rela�e ta health, safe�y or e��ironmental prote�tion; (c� "�rtviro�r�r�enta��rear�up" includes any respons�
<br /> action, remedial a�tion, or remo�ral a�tion, as de�ned in En�ir�nmenta� Law; and(d}an "Envirar�rngjztal
<br /> �andction"means a�onditian that can cause, con�r�bu�e�o, or o�herwise�rigger an Env�ronmenial��eanup.
<br /> Borrawer shall not cau�e or permi�the presence, use, disposa�, s��rage, �r rel�ase of an�Haza�cdous
<br /> Subs�ances, o�threaten to release any Hazardaus Substances, on or in th�Proper�y. Borra��er shall no�da,
<br /> nor allov�anyone else ta�.�, anyth�ng affecting the Pr�pert��a�that�s�n�ri�iat�an of any En��ronmental
<br /> Law, �b}whi�h cr�at�s an Environrnental�ondition, �r�c}wh�ch, due to the presence, use, or rel�ase of a
<br /> Hazardous Subs�ance, �reates a conditian�hat ad�ersely affec�s the value of the Proper�y, The prec�ding two
<br /> NESRASiCA-Singie Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT ��rm 30�8�1�1
<br /> VMP Q VMP6�N��[�302)
<br /> Wolters Ktuwer Financi�l Ser�ices Page 13 of 17
<br />
|