|
��15���58
<br /> I�Teither Borro�ver�.or Lender rnay�o�ra.m�nce,j o�n, or�e j��ned�o any judic�a�act��n�as either an
<br /> inc�ividua��.�t�.gan�or�lie��n.e�n�er of a class}that arise5 fr��rn�he��her par�y's ac�io�.s pursuan��o t��s
<br /> S ecu�i�y�mstr�.�men�ar t��.��:�Ieges th���he o�her par�y has hrea�hed any�ro��sio�of, or any duty ati�red
<br /> by reaso�.of,�his Secu��ty I�.s�ru�nen�,u�ti1 such B�rr�wer or Lender has not�f�ed�he other par�y�vv��h
<br /> such no�ice giv�tz�n carnpliance w�th th.e r�quiremen�s af S ec�ior��5�of such��Ieged�r�ach and afforded
<br /> �he ot�er p�rty here�o a reaso�.a�le per�oc��fter the.��ving of st�ch n��ice to ta��e correc��ve�.c�ion,lf
<br /> Applicab�e La��pr°ovides a t�me per�od v5rhich rnus�e��.pse�efor��e�ta�n a�tio�z car�be taken,�ha���me
<br /> per�od v�rill�be c�eenl���a b�reasox�a�le for purp�ses ol th��par�.gr�p�.. The r�a��Ge af a�ce��ratzor��.nd
<br /> oppo�t�.ni���a cur�giv��.to Borr�w�r pursuax�t�o Sec��on���nd the r�ot�ce af acc�Zera�io�gi�re�l�fl
<br /> I3�rro��r pur�suan��a Sec��.or�I$s�zall�e d���r���.ta sa�zsfy t�ie r�otice and.op�ortunit��o���e c�rrective
<br /> actia�pro�risiQr�s of this S ec�ion 24.
<br /> 2'!e H�zard�us Substances.A5 L15�C�lI1�}.1].S S�C�IQ�1��.: ��.� "II�.2ar�.�u.s Subs�ar�ces" are�hos�
<br /> subst�:nces d��ned.as�ox�c or h�.�arc���.s suhs�a�.ces,potlu�ants,or v��.s��s by Env�ranme�t�.�I.,av�r��d
<br /> the following�rabs�a.r�ces:gasol�ne,kerosen.e;other f�amm�.ble or toxzc petroleum praduc�s,t�xic pes�ic�des
<br /> and her�ic�des,volatz�e salv�n�s,materials cox�t�.i�ing asbcs��s ar formald�h�de,�d raci�oact��ve rna�er��.Is;
<br /> �b� "E�v�ronme�t�,�Y�aw"means f�d�ra���.ti�rs ar�d��.ws of the jurisdx�t�ox��vhere�he Proper�y is�ocated
<br /> �ha�re1a��to he�.Ith, safety�r environm�n�a�pra�cc�ion; �c} 'tEn�riror�nze��a�Cle�.��.up" �nc�u�ie5 any
<br /> . , o . .
<br /> r�sponse action,�e�x��d7a�a�tion, or remav��actlor�,as def�r�ed�n Env��orin�.ent�.l Lavv; �.r�d�d�ar�
<br /> "Env�rori�nen�a��anc���zon"me�.�.s a ca�dit�on�ha�can cause,contri1�u�e�o,ar flthe��ise trxgg�r an
<br /> .
<br /> Env�ror�mental C�e�,nup.
<br /> Borr��r�r sha11 x��t ca�.�se or perm���he pres��zc�,use, ��xspos�:ly S�:Orc�.��y �r r�leas�of�.�y Haz�.rc�aus
<br /> Subs�a�a.ces,o�threaten to rele�:se any Ha2ardous Substar�ces, o�.or in the Pxoper�y,�3�rro�er shall z�ot
<br /> do,nor�.�1aw�x�yox�e e�se�o�.o,a��t�-�n��.ffec�zng�lze Proper��r�a��ha�i�i�via�ati�n af�ny Environme�.��.1
<br /> Lavv,�b�ti�h��h.�r��.�;es an Envixanmen�al�ond.a.�i�n�ar�c�whic:h,d�e�o the presence,usc,or release of
<br /> a I�azardot�s Subs�a��e,cre�:�es a conditio��th�.�aclve�•�e�y affec�s the value of�h�Prope�y The p�ecedix�
<br /> g
<br /> two se�.����.ces sh�.�I no�app�y�a�he p�°�s�nce,use, or s��rage o��he Pro-pert��f small c��,�ar�tit�es of
<br /> Haz�.rdous ����bs��.x���s�h�.t are gener�.11y recog�a�ze�.to be�.ppt�opriat�to n�rrn�:l residen���.l L�ses anc���
<br /> m�.�ntenanc�of�h�Froper�y�ir�clud�n�;,�but no�lim.i�����,h�z��r�.ous subs�ances in cor�surner p�oc�.ucts}.
<br /> Bar�av�er s��a�l prarnptly give L�n�.e�v�r�tten n��i�e af�a) �z�y i�.vest�ga�ion,cl�.im, dem�.n�.,X�,wsui�or
<br /> ��her ac�ion hy�.n�g�vernmen�al o�•r�gul�tary�.genc�ar priv�.tc p�.��y ir��ro�vir�g�he Proper�y a�d any
<br /> Haz�.rdaus Su�s��.nce o�En�i��nmen�al La�r af ti�rhich Borrawer h�.s ac�L��11�xiow�ed�e, ���any
<br /> Enviranment�.��ondi�son,includ�ng�bu�r�o�lzrn��:ec�to,any spillxng,le�in�,c���cha.�ge,re�ease�r�hrea�
<br /> of reZease of any�Iaz�rc�ous Suhs�ance, and�c}�.r����nd���an c�.�.�.sec�by the presence,us�or release of
<br /> a H��.r�.ous Su.�s��.n�e which adverse�y affec�s�h.e va�ue of�he praperty,If Borrov�e�•�e�.r�zs,or�s�ia�irze�.
<br /> �y a�Zy goverr���a��,l�r r�gula�ar-��.�.�harit�,or an.y p�iva�e p��ty,�ha��x��rer.�o�a�ar other reme�.i�.��ax�
<br /> �f an�r H���.rdaLls Su.bs��.nce afi'ect�g�he Prop�r�y is necessary,B�rr�wer sh�.l�pram��l�take a1�ne��ssary
<br /> t emedxa�ac���r�s��.a�Gardan�e����Fnviro�an�.ental Lav►�.No�hin�here��sha1�cre�.�e a�y o�1�g�.t�an on
<br /> Lenc�er for���'.nvixar�n�en�a��1e�.nup.
<br /> Non-Unif�rn� �ove��n�s. Barr�wer an�:Le�der fur�her coven�r�t�.n�.agree as follows:
<br /> 2�. Ac����r�ti�n; Rem�d���. Lend�r �hall gi�e not�ce t� Borrow�r pr�or to acceler�tian
<br /> f�llo�v�ng �o�°row��°'s breach of any co�enant o�r abre�me�t in� �:h�� S�curity In�trument �but
<br /> Hc��-oo3�s
<br /> N�BI�ASkCA-5ingl�Family-Fannle MaelFreddi�Ma�UNIF�RM 1N5TRUMENT Forrn 3Q28�Ip�
<br /> VMP�] D31�5
<br /> Wolters Kluw�r Fina�ciaf Serv[��s 2D�6��0215.2.0.323T-J�Q1605�6Y Page 14 of�7
<br /> * �07.�i2�15?.19*
<br />
|