201506748 - Laserfiche WebLink

Browse

��1 5��748 '[9. 5ale af Nvte; �hange�f Loan Servicer; Not�ce �f�ri��ance. The 1�T��e vr a par�ial interest in�he N o��toge�her vsrith this Secur�ty Instrument}�an be sold one or more times�vithout pr�or notice t� Barravt�er. A�a1e m�ght result�n a chang�in the entity�nown�s�he"Loan Serv�cer"}tha�collec�s Periodic Paymen�s due under the No�e and th�s 5ecurity Instrument and p�rfarms o�her mor�gage�oan servicing ohl�ga�ians under the Note, this Se�ur�tty Instrument, aud Applicable Law. There also migh�be one or mare chang�s of the Loan Servicer unrelated�o a sale�f�he Note. If there is a chang�nf the L�an S�rvicer, B�rr�v�er will l�e given wr�tten na�ic��f the change vWhich wil�state th�name and address of �he new Loan Ser�icer, the address to whi�h pa�ments shauld be made and any a�her infor�natr�n RESPA r�quires in c�nnec�ion with a na�ic�uf transf�r of servicing. If the Na�e is sold and thereafter the Loan is ser�i�ed by a Lflan Servicer oth�r�han the pur�haser of�he N��, the mortgage l�an servicing abligations �o B�rrower�rli remain vv�th�he Loat�Sex�icer�r b�transferred�o a successar Laan Serv�cer and are nat assumed b}�the Note purchaser un�ess ath�rwise prgvided b�the No�e purchaser. Nei�her Borravver n�r Lender ma�cammence,joi.ri, or be j ained t�any jud�cial action(as either an �ndividua�litigant ar�he memb�r❑f a��ass}that arises frvm the of.her part�'s ac�ians pursuan�t�th�s Security Ins#.rument or�hat alleges tha�the ather party has breach�d any pr�visian�f, or any duty ov�ed by reason of, this 5ecurity�nstrument, un�il such Barravver or Lender has notif�ed the other party(wi�h such no�ice given in comp�iance vvith the requirsments af Se�t��n �4}af such alleged hreach and affnrded the other par�y here�a a reasana�le period after the givi_ng of such no�ice to�al�e carrecti�e a�t�on. If Appl�cable Law provid�s a�ime per�vd whi�h mus�elaps�befar��erta�.n ac�ion�an be�a�en, that ti.me period v�i11 be��emed t�be reasanable fvr purposes of�hxs Sectivn, The notice of acceleration and opportuni�y to cure gi�en to Bvrro�v�r pursuant ta 5ecti�n 2� and the nati�e of a�celera�ian gi�ren to B�rrower pursuan.t�o Sec�ion �7 shall�e deemed to satisfy the notice and oppartunity�v take carrecti�e a�tion pravisions of th�s Sec�ion 19. � ��. Bvrrvw er Not Th�rd�-Party Benef iciary ta Cnntract �f.[nsuran��. M�rtgage Insuranc�reimburses Lender�ar any entity�ha�purchas�s the I�T��e}for c�rtai.n losses i�rnay incur if Borr�wer d�es not repay the Laan as agreed. Sarra�er acknawledg�s and agrees that the Borrower is not a�hird part�benefi�iary �o th�contrac��f insurance hetween th�5ecre�ary and Lender, n�r is Borrower�n�itled to enforce any agreem�nt betv�een Lender and the Secre�ar�, uniess ex�li�itiy authori�ed tfl dn so by Applicable Lavv. �'!. Ha�ardous Substance�. As used in this S�ction�I: [a� "Ha.�ardous 5ubstances" are those subs�ances defined as�axi�ar hazard�us substances, p�Ilu�ants, ar wastes by Environmen�a.l Law and the fallowing su�stan�es; gasaline, l�erosene, other flammable or to��c petr�l�um products, t�x�c pesti�id�s and herbicid�s, voia�ile s��ven�s, materials containi.ng as�estos or f�rmalc�ehyde, and radioact�ve materials; �b} "Environmen�al Law" mea.�s federal laws and Iavvs of�he�urisdiCtion where th�Proper�y is�aca�ed tha�relate ta health, safety or environmental protection; {c� "En�iranm�ntal.Cl�anup" ixa�Iude�any r�sp�nse ac�ion, remedial a�tion, vr remo�al action, as def�ned in Environrn�n�a�Law; and�d�an "Environm�ntal ConditYan" means a�andition that�an cause, cantribu�e�o, �r other�v�ise tr�gger an Enviranamental Cleanup. Borr�wer shall not caus�or permit the presenc�, us�, disp�sal, stvrage, �r re�ease of any Ha�ardous Suhs�ances, ar�hreat�n��release any Hazardous Substances, on�r in�h�Property. Borrower shall no� do, nor a11ow anyone else to do, anything affectiung the Property�a�tha�is in vi�latian�f any Env�ronmenta�Law, �h)which�reates an Envir�nmental Condit�an, or�c}v�hich, due to�he pres�nce, use, or releas�vf a Ha.�ardous Su�stan�e, crea�es a�ondit�nn�hat adversely affects�he value of the Property. The preceding t�r� sen�en�es shall n�t apply�o the pres�nce, use, ar s�orage an the Praperl:y of �a�5 27��o� �f3�a497��1��9�729 a�ss FHA Deed af Trust With MERS-NE 9I3�12414 Bankers 5ystems� VMP� VMP4N�N��'1506} Wvlter5 Kluw e�Fnancia[Services 91�412�'!5 2:33 PM P�9e��7