Laserfiche WebLink
2� 1 �� 181 � <br /> �19. Sale vf�1ot�; Change of Loan S�r�r���r;Notice of Grievas��e.The I�4�e or a paxtial i�terest i�.�he <br /> Note[tog��her with this�ecuri�y Ins�rument}can be sold one�r more times without priot notice to <br /> Barrawer.A sale might result in a change in the entity(known as the "Laan Ser�ricer"}that coll��ts <br /> Feriod�c Payments ciue under th�l�ate and this Security In�trumen�.and performs other mortgag�1�an <br /> servi�ing obligations under the Note,this Security In.s�rument,and Appt�cable La.w.There alsv migh�be <br /> ane or more changes of the Loan Ser�icer unrelated to a sale of the Not�. If there i�a change of th�Loan <br /> Servicer,Borrativer wit�be giv�n written notice�f the c�ange�hich w�ll state the name and address�f <br /> the new Loan Servicer,the address to which payments should be made and any other information RESPA <br /> requires in connection�v�th a notice of transfer of ser�ic�ng.If the Not�is sold aad thereaf�er the Loan is <br /> ser�iced b}�a Laan Ser�icer other�han the purchaser of the Note,the mortgage laan ser�icin.g obligations <br /> to Borrovver�i11 remain with the L.oan 5ezvicer or b�tran�ferred to a successor L�an Ser�icer and are <br /> not assumed by the Note purcha�er unles�otherwise provided by the Note purchaser. <br /> Neither Borrower nor Lender ma�commence,join,or be joined to any judicial actipn(as ei�her�n <br /> �ndi�iduallitigan�or the member of a class}that arises from the other party's ac�ians pursuant to this <br /> �ecurity Instrurnen�or that alleges that the other party has breached any provision of,or any duty o�red <br /> by reason of,�his Security Instrurnent,un#i�such Barrower or Lender has notified the other pa.rty�with <br /> such notice gi�en in compliance with�he requirements of Section �.4}of such alleged breach and afforded <br /> the ather pa.rty hereto a reasanable period after the gi��ng of such notice to take corrective action.If <br /> Applicable Law pro��des a time period which must elapse befare certain action can be taken,that time <br /> period tiviil be deemed to be reasanable for purposes of this Section.The not�c�of acceler�tion and <br /> opportunity to cure given to Bvrra�er pursuant to Section 22 and�he notic�of acceleration g��en to <br /> F3orrower pursuant to Section 17 sha11 be deemed�a sat�sfy the notice and opportun�ty to ta.ke corrective <br /> action provisians of th�s Section 19. <br /> Z�. 8arr�wer No�Third-P'artyBeneficiaryta Contract of Insurance.Mortgage I�surance reimburses <br /> Lender(or any entity that purchases t�e Note}for certain los�es i�may incur if F3arrow�r does not repay <br /> the Loan as agreed. Borrower acknowledges and agre�s that the Borrower is no�a third par�y beneficiary <br /> �o the contract�f rnsurance between the Secreta.ry and Lender,nor is Borro�ver entit�ed to enforce any <br /> agreement b�tween Lender and the Secre�ary,unless explicitly authorized�o do so by Appli�able Law. <br /> Z'I. HazardousSubstances.As used in this Section 2�: �a} "Ha�ardous Substances"are those substances <br /> defined as toxic or hazardous substances,pollutants,or wast�s by�nvironmen�at Law and the fallawing <br /> substances: gasaline,kerosene,ather flammabte or toxic petroleum products,to�ic pesticides and <br /> herbicides,volatile soi�en�s,materials co�ntaiaing asbestos or forma�dehy�e, and radioactive materials; <br /> (b�"Environmenta.l Law"means federa�laws and laws af the jurisdiction where the Proper�y is lacat�d <br /> that relate to health, saf�ty or environment�.1 protec��vn; (c�"En�ironmental Cleanup" includes any <br /> respons�action,remedia�action,ar removal act�on,as defin.ed in Environmental La�r;and(d}an <br /> "Environmental Gondition"means a cond�tion that can cause,cantribute to,or otherwise trig��r an <br /> Environmenta�Cleanup. <br /> Borrower shall not cause or permit the pr�sence,use,di�posal, st�rage,ar release of any Hazard�us <br /> Substa�ces,or�hreaten to re�ease an�Ha�ardous Substanc�s,on or�n the Property.Borrow�r sha�l not <br /> do,nor a��o�anyone els�to do,any�hing affecting the Property�a)that is in violation of any <br /> En�uonmentai Law, (b}tivhich creates an Enviranmen�a��ondition,or�c}which,due to the presence, <br /> use,ar release of a Hazardous Substance,creates a cQndition that adversel�affects the�alue of the <br /> Propert�.The preceding tt�vo sen�ences sha�l not apply to the presen.ce,use,or storage on the Prop�rty of <br /> FHA Deed of Ttvst With MERS-NE 913U12U14 <br /> Bankers 5ystems�+ VMP� VMP4N[NE)[1546).4� <br /> Wol#ers Kiuwer Financial Servlces Page 13 of�7 <br /> qf33351694219 �233 293 1317 <br />