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201508775
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Last modified
7/21/2017 2:30:38 PM
Creation date
12/29/2015 9:29:27 AM
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DEEDS
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201508775
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2� 15�8775 <br /> 19. Sale of Note; Change of Laan Servicer;Notice vf Grievan�e.The l�Tc�te or a part�al interest in the <br /> Note(together with thi�5ecurity Instrument)can be sold one�r mare times without prior jn.atice to <br /> Borro�ver.A sale might resu�t�n a change in the entity�kn�wn as the "Loan Servi�e�"}that co��ects <br /> Periad�c Payments due un�er the l�Tote and this�ecurity Instrument and performs other mortga�e loan <br /> servi��ng ohligat�ons under the Nate,this S�curity�nstru��nt,and A.pplicable La�r.There also might be <br /> one ar more changes of the Loan Servicer unreiated to a sale of the I�Tote, If there is a�hange of the Laan <br /> Servic�r,Borro�u�r w��l be gi�en�ritten notice of the ch.�r�ge��hich�i11 state the name and address flf <br /> the ne�v Loan Servicer,the address to which payrnents shautd be made and any other information I�E�PA <br /> requires in connection�ith a natice of transfer of sert�icing. If the No��is so�d a�d thereafter the Loan is <br /> ser�iced by a Laan Ser�icer oth�r than#he purchaser at'the l�ote,the m�rtgage loan�ervicing ab�igations <br /> to Borra��er�iil remain�ith th�Lnan Servicer or�e transferred to a�uccessar Loan 5ervicer and are <br /> not assumcd by the Note purchas�r unless otherwise provided by the Note purchaser. <br /> Neither Bdrrovver nor Lender may commen�e,join,or be joined to any judicia�action(as either an <br /> indi�idual iitigant or the member af a class)that arises from th�other party's actions pursuant to th�s � <br /> Security Instrument or that alleges that the other party has brea�hed any provisYon of,ar any duty owed <br /> by reasan of,this Security Instrument,until such Borro�ver or Lender has notified the other party�with <br /> sueh notice given in compliance vvith the requirements of Sect�on 14�of such a�leged breach and afforded <br /> the Qther party hereto a r�asonab�e period af��r�h�giving af such notice to tak�correct��e action.If <br /> Appli�able Law prov�des a time period which must e�apse before certain action�an be taken,that time <br /> period will be deem�d to be r�asonable for purpose�of this S�ction.Th�notice of ac�el�ration and <br /> oppor�unity to cure giv�n to Barrower pur�uant ta Sectian 2�,and the notice of accelerati�n g�ven to <br /> Sorrower pursuant�o �ection 17 sha11 be deemed to sati�fy th�notice and opportunity ta take corrective <br /> action provisions of this Section 19. <br /> ��. Borro►n►erNvt Third-Par�yBenefici�ryto Contract of lnsurance.Martgage Insurance re�mburses <br /> Lender�or any entity that purchases the Note)far certain losses it may incur if Borr��ver does not repay <br /> the Loan as agreed. Borro�ver acknowledges and agrees that the Borr�wer is not a third party beneficiary <br /> to the c�ntra�t of insufance between the Secr�tary and Lender, nor is Borrawer entitled t�en.force any <br /> agreement between Lender and�he Secretary,un�ess explicitly author��ed to do so by Applicable Law. <br /> �1. Ha�ard�us�ubstanees.As used in t�is Sectio�21; �a}"Hazardous Subs�ances"are�h.ose suhstances <br /> defined as toxic or ha2ardous substances,pollutants,or�vastes by Environmental La�v and the foltowing <br /> sub5tan�es: gaso�ine,k�rosene,other�lammable flr#oxic p�troleum p�oducts,toxic pesticides and <br /> herbicid�s,valati��sol�ents,mat�r�als containing asb�stos or farmaldehyd�,and radioactive materiat�; <br /> �b�"Environrnent�.i La�"n��ans federal lav�s and lavvs of the�urisd�ct�on where the Property is iocated <br /> that relate to health,safety or environmenta�protection; (c) "Era.viranmental Cleanup"includes any <br /> respanse actio�.,r�medial action,or remo��.l action,as def��.e�i xn En�ironmental Law;and�d)an <br /> "Environmental Cond�t�on"means a condit�on that�ari cause,contribute to,ar otherwise trigger an <br /> Envi.ro�n.ental�lea.nup. <br /> Borrotiver shall nat cause or permit the presence,use,disposal, storage,or release of any Ha�ardous <br /> Substances,or threaten to release any Ha2ardous Substances,oa or in the Proper�y. B�rr�wer shaZ1 not <br /> do,nor a11o�anyone else to do,anything affe�ting the Property(a}that is in�iolation af any <br /> Environmental Law, �b}tivhich creates an Environmenta��ondition,or�c}��hich,due to the presence, <br /> use,or r��ease af a Hazardous�ubstanc�,�reates a conditi�n that adversely affects the value of the <br /> Property. The pr�ceding twa�ent�nces�hall not apply to the pre�ence,us�,or starage on the Property of <br /> FHA❑eed af Trust With MERS-NE 9l3012Q�4 <br /> Bankers Sys#emsTM VMP� VMP4IV�NE}{1548}_Q4 <br /> Wolters Kluwer Firtancial 5ervic�s Page 13�f 17 <br /> q�334�Q��574 ��33 759 1317 <br />
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