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201602156
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Last modified
7/23/2017 10:35:41 AM
Creation date
4/12/2016 10:04:33 AM
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DEEDS
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201602156
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2� 1 ��215� <br /> 19. Sale vf Not�; Ch�n�e�f Loan S�rrrir�r;Not�ce of Grie�ance.The N�te or a partia�interest in the <br /> Note(tagether with this Security In�t�ruument�can be sold one or more tim�s without prior notice to <br /> Bor�o�ve�.A sale might��es�l�i�a change in the entxt��l�nown a�the�'�.oan Serv��er"�that col�ects <br /> peria��c Payments due under the IwTot�and th�s�ecurity Instrument and p�rf�rm�other martgage�a�.n <br /> servicing obli�ations under�he Note,th�s Security Instrument,and Applicable Law. Th�re also migh�be <br /> one c�r mt�re c�.an��s of the Loan Servicer u�related to a sale of the 1�1ote. If there�s a ehange of the Loan <br /> Ser�icer,Borrower wili he�iven written notice of the change which will stat�t�ie�an��and address af <br /> the�ew Loan Ser�icer,th�address to which payments should be made and any other information RESpA <br /> requires in car�nection with a n�tice of transfer of servicing. Yf the Note is sold and�hereafter the L�oan�s <br /> s�rviced by a�oan 5ervicer oth.er��an the pu�rchaser v€�he l�ote,the m�rtgage�oan servi�ing ob�i�ations <br /> to Bvrrv�ver wi�1 r�main with the Loan Servic�r or be transferred to a successor Loan Ser�icer and are <br /> not assumed by�he Note purchaser unl�ss other�ise pro�ided by the Note purchaser. <br /> Neither Borro�ver nor Lender rrxay commenc�,join,or be joined to any judic�a�a�tion(as either an <br /> ir��.ividual�itigant�r th�member of a class�that arises from the ath�r party's actions pursuant to this <br /> S�cur�ty Ins�rument or that a��eges that�he other par�y has breached any pro�ision of,or a�x�duty ov�ed <br /> by reason of,this Security Instrume�t,until such Borrower or Lender has aot�fied the other party�with <br /> such notice gi�en in comp�iance with the requirements af Section 14}of such alleged breach and afforded <br /> the vther par�y hereto a r�as�nable period a#�er the givin�of s�ch natic�ta tal�e�orre�tive action.If <br /> App�icable Law provides a time p�riod which must elapse before certain act�on can be taken,that time <br /> period wil�be deemed to be reas�nab�e f�r purposes of th�s Se�tion. The notice af accel�ra�i�n and <br /> opportunit�to cure given t��orrovver pursuant to Sectia���and the noti�e o�acc�leration given to <br /> Barrower pursuant to Sec�ion i 7 shalY be deemed to satisfy the notic�and app�rtu��ty to�e co�r�ctive <br /> action provis�ans of�th�s Sectian 1�. <br /> ��. BarrowerNot Third-PartyBenefi��aryto Gontract of fnsurance.Mortgage Insurance reimburses <br /> Lender(or any entity that purchases the Note)for certain losses it may incur if Borro�ver d�es nat r�pay <br /> t�.e�oan as agreed.B�rro�er ac�nov��edges and ag�e�s�hat the P�orrar�ver is nvt a third party beneficiary <br /> to the�ontract of insuranc�bet�veen th�Secretary and Lende�,nor�s Borro�ver entit�ed to enforce any <br /> agreement between Lender and the Secreta.ry,un�ess exp��citly authorized to do so by Applicable Law. <br /> �'I. HazardousSubs#ane�s.As used in this Section 2�.: (a)"Ha2ardaus Substances"are�hos�substances <br /> defined as toxic ar ha�ardous substances,po�luta.nts,or wastes by En�ironmental Law and the following <br /> s�bstances: �asoline,kerosene,other flamma�Ie vr taxi�pe#�ol��n�pr�ducts,toxic p�sticides and <br /> herbic�des,vo�atile��lvents,rnateria�s canta�nin�asbestos or formaldehyde,and radioactive materia�s; <br /> (b�"Environm�n�ta�Law"m.eans federallaws and xaws of the jur�sd�ct�an wh�re the Property is Iocat�d <br /> that re�ate to h�alth,safety or e��i�onmental pro�ectian;�c}"Envir�nm�ntal��eanup" in�Iudes any <br /> resp�n�e a�tian,remedial ac��on.,or rern�va�action,as defined in Enviranmental Law;and�d)an <br /> "Environmental Condition"means a condition�hat can cause,contribute t�,ar otherwise trigger an <br /> Environmental�leanup. <br /> �orr�wer sha��not cause�r permit th�presence,use,disposal, storag�,or release of any Hazardous <br /> Substances,or threaten to r�iease an.y Hazard�us Substan�esg on or�n��.e Property. �orrov�er shall no� <br /> do,nar allo�v any�ne e�s�to do,aa�hin�affe�ting the Property(a}that�s ia v�olation�f any <br /> E�.vironmental Law, �'b}�vhich�reates an En�ironmental Condit�on,o��c}which,due ta the presence, <br /> use,or re�eas�+of a Hazardous Substance,crea�t�es a candition that adversety affects t�e value of the <br /> Property. The prec�din��o�entences sha1�n�t apply t�the presence,use,or storage on the Property of <br /> FHA a$ed af Trvst With MERS-wE 9/3412414 <br /> Bankers Sys#�msTM VMP� VMP4N(NE}[15DB}A4 <br /> Vltotters Kiuwer Financial Services Page 13 o�F 1� <br /> q�33529z3�47 0�33 327 1317 <br />
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