2� 15�77�4
<br /> in the Pr�per��and r�gh�s under�h�s SeGuri�y �nstrumen�; and �d}takes such action as L�nder m.ay
<br /> reasonabiy requir�to assure that Lender's interest zn the Prop���and rights under this Secur��y �ns�ru7ment,
<br /> and Borrower's���igat�on�o pa��he sums secured by th�s Securit� Ins�rument, shall cantinue un�hanged.
<br /> Lender�nay requ�re�ha�Borrower pay such re�ns�atement sums and e�penses �n one or more af�he fo��owing
<br /> f�rms, as se�ected by Lender: �a� cash; ��}money order; �c} cer��fied che�k, ban�check, �reasurer's check ar
<br /> cash�er's�h�ck, pro�ided any such check zs drawn upon an inst��ution v�hose deposits are insured��r a
<br /> fed�rai agency, instrumen�ality or en�ity; or�d} E�ec�ranic Funds Transfer. Upon r��ns�a�ement by Borrower,
<br /> t�ais Secur��y �nstrument and obligatians secured h�reby shall remain fu��y effec�i�e as �f no acce�erat�on had
<br /> o�curred. Howe�er, �his righ�to reinsta�e shaii nat apply in the case�f acce�era�ion under Sect�on �.8.
<br /> ��. Sa�e of Note; Change �f Lvan Servicer; Nati�e nf ��ierranc�. The No�e or a par�ial �nterest in�he
<br /> Nate�together wi�Y�th�s Securi�y Ins�rument} can be so�d�ne or more times wi��out prior not�ce to
<br /> Barr��er. A sale might resu�t in a change in the entit�r �kna�vn as the "Loan Servicer"}�hat collects Periodic
<br /> Payments du�under��.e N��e and th�s Secur���Znstrumen� and pe�rfarms other mor�gage�aan s�rv�cing
<br /> obl�ga�ions und�r the Note, this S�curi�y Zns�rumen�, and Applica��e Law. Ther�alsa might be on�or more
<br /> �hanges nf the Loan Servicer unre�a�ed to a sa�e of the NQ�e. �f th�re�s a change of�he L.�an Serv�cer,
<br /> Borrower w�11 be gi�en written no�xc��f the change vvhich wi�l s�a�e�he name and address of the n�w Loan
<br /> S�r�icer, the address to v�hich payments sh�uid be made and any other infornrza��on RESPA requires in
<br /> conne��ian with a no�i�e of transfer of ser�ricing. If the Na�e is sold and thereaf�er�he Loan�s serv�c�d by a
<br /> Loar�Servic�r��her��.an th�purchas�r�f�he Note, the m�rtgage i�an servic�ng o��x�ations t�Borrower will
<br /> rem.a�n w�th�he Laan Ser�ric�r or be transferred�o a successor Loan�erv�c�r and are n��assumed b�the
<br /> Nfl�e purchaser un��ss other��se provid�d b�the Notie purchas�r.
<br /> Neither Barrov�rer nor Lender may commence,jain, or be�oined to any�udicial ac��on�as e�ther an
<br /> indi�idual iitigan�or th�member of a class} that arises from the other party's actions pursuant�o this
<br /> Secur�t��nstrument or�ha�a��eges tha�the other par��has breached any pro�ris�on of, or an�du�.y aw�d b�r
<br /> reasan of, this Se�ur�ty Instrumen�, un�i� such Borrower or Lender has notified the�ther party �w��h such
<br /> notice giv�n in comg�iance�r��h the r�qu�rements of Se���an �5}o�su+�h a�l�g�d brea��a��.afford�d th�
<br /> other par�y h�reto a reasona�le per�od af�er�he g�v�ng af such n�tice��take correc����ac�i�n. �f App�icabie
<br /> Lav�prov�des a time p�ri�d wh�ch n�ust elapse b�fore cer�ain act�on can be�a.ken, �ha���m.e period wi��be
<br /> �eemed�o be reasonal�le for purposes�f th�s paragraph. The notice of acceleration and opportunity�o cure
<br /> gi�ren t� Bo�rr�wer pursuant t� Sec�ian 22 and the notice of accelera�ion gi�en�o Borr�w�r pursuant�o
<br /> Section 18 sha��be deemed�o sat��f�the not�ce and oppor�un��y to�ake corre��i��ac�x�n pro��s�ons of�his
<br /> Sec�i�n 2�.
<br /> ��. Hazardous Substan�es. As us�d in this Section 2I: �a} "�Ia.zard�us Suhs�ances"are those subs�a.nces
<br /> de�ned as��x��ar hazardaus subs�ances, po�lutan�s, or�vas�es b� Env�r�nmen�a� Law and the fo��owing
<br /> substan�es: gasol�ne, kerosene, o�her flammab��or toxic pe�roleum produ��s, toxic pest�cide�and herbicides,
<br /> �o�at�le sa�ven�s, mater�a�s con�aining asbes�os or formaldeh�de, and rad��active ma�erials; �b}
<br /> "Envzro�tr�z�ntaZ L,uw"means federal Iaws and Iaws of the jurisd�ction where�he Proper�y�s �o�a�ed that
<br /> re�a�e��heal�h, safe�y or en�iranmental protectian; �c} "�nvirnnmental �'lea�tup"includes any response
<br /> ac�ion, remed�a� ac�ion, or remava� ac�ion, as de�ned in En�iranmen�a� Law; and (d} an "�'r�vironmental
<br /> �OYIC�I�ZOYI�'means a cand�tion that can�ause, con�r�bute t�, or�th�rv�rise trigger an En�ir�nmen�a� �Ieanup.
<br /> Barr�vWer sha��no�cause or p�rmi��he pr�sence, use, disposal, stora�e, �r re�ease af an� Hazardous
<br /> Suh�tanc�s, or�hreaten�a re�ease any Hazardous Subs�anc�s, on or in�h�Proper�y. B�rrow�r shal�nat d�,
<br /> nor al�ow anyone else to d�, anything affecting the Property ta��hat is in v�o�ation�f a.ny En�ironmenta�
<br /> Law, �b}wh�ch creates an En��ranmen�al Condi�ion, or tc} which, due�o the presen�e, use, or re��ase of a
<br /> Hazardous Substan�e, creates a cond�t�on�hat advers��y affec�s�he value of�he Propert�r. T�he prec�dxng�wa
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<br /> Walters Kluwer Financial Ser�ices 9
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