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201602198
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Last modified
7/23/2017 10:37:33 AM
Creation date
4/14/2016 8:54:29 AM
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DEEDS
Inst Number
201602198
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2� 1 ��2198 <br /> '!9. �ale of Note; �hange vf Loan Servi�er;Notice of Grie�ance.The Note or a partial interest in�he <br /> Note�together vvith this Securi�Instrument}can be so�d ane or more t�mes without prior notice ta <br /> Borrower.A sale might result in a change in the entity(kno�n as the "Loan Ser�icer")that colleets <br /> Ferio���Payments�ue under the Note and this S�curity Instrument and performs other mortgage laan <br /> ser�icing abligations under the Note,this Security Instrum�nt,and Applica�ale La�v. There also m�ght be <br /> one or more�hanges af the Loan Ser�icer unre�ated ta a sale of the Note. If there is a change of the Loan <br /> Serv�cer,Bonower�vill be gi�en written notice of the change which will sta�te the name and address�f <br /> the new Loan�ervicer,the address to which payments should be made and any other informatian RESPA <br /> requires in connection with a notice�f transfer af s�rvicing. �f the Nate is sold and thereaf�er the Loan i� <br /> ser�r�ced by a Loan Ser�icer other than the purchaser of the Note,the martgage�oan ser�icing obligations <br /> to Borro�er�ill remain with the Loan Servicer or be transferred to a successor Laan Servicer and are <br /> not assumed by the Note purcha�er unless otherwise provided by the Note purchaser. <br /> Neither Barrower nor Lender may commence,join,or be joined to any judiciai action(as either an <br /> individual X�tigant or the member of a c�ass)that arises from the other par�r's actions pursuan�to�his <br /> �ecurity Instrument or that alleges that the other par�has breaehed an�provision of,or any dut�owed <br /> by reason of,this Security Instrument,until su�h Borrower or Lender has notified the other pa.rty(with <br /> such notice gi�en in comp�iance with the r�quirements of 5ection 14}of such a��eged breach and affnrded <br /> the�ther party hereto a reasonable period af�er the gi�ing of such notice ta ta.ke correcti�re action. If <br /> Applicable Law pro�ides a time period�vhich must elapse b�fore cear�ain act�on can be taken,that time <br /> per�od wi11 be deemed to be reasonable far purposes of this Section. The no�ice of acceleration and <br /> flppor�unity to cure gi�en ta�orro��r pursuant to Se��ion 22 and tbe notice of acceleratian gi�en t� <br /> Borrower pursuant to Sectian 17 sha11 be deemed to satisfy the notice an�i opportun�ty to ta.ke correc�ive <br /> action provisians of�his �ection 19. <br /> 2�. 8vrrower Nvt Third-PartyBeneficiarytv �vntract of In�urance.Mortgage Insurance reimburses <br /> Lender�or any entity that purchases the Note}for certain 1os�es it may incur if B�rrov�er does nat repay <br /> �he Laan as agreed. Bono�er ackno��edges and agrees that the Borr�wer is not a third party benef ciary <br /> to th�contract of insurance betwe�n the Secretary and Lender,nor is Barrower entitled to enforce any <br /> agreement between Lend�r and the Secretaiy,un�ess explicit�y authorized ta da so by Applicable Law. <br /> 2'I. Hazardous�ubstances.As used in this Sectian 21: (a} "Hazardous Substances"ar�those substances <br /> defined as toxic ar hazardous substances,pollutants,or wastes by En��ronmental Law and the following <br /> substa.nces: gasoline,kerosene,other flammab�e or toxic petr�leum products,toxic pesticides and <br /> herbicides,�olatile solve�ts, materials containing asbestos or formaldeh�de,and radioactive ma�erials; <br /> (b} "Environmental Lavv" means federal laws and 1a�vs af the jur�sdictian�vhere the Property is lo�ated <br /> tha�t relate to health, safety or environmen�al protection; (c} "Environmenta��leanup" includes any <br /> response action,remedial action,or removal action,as defined in Enviranmen�al Law;and(d)an <br /> "Environmental Canditio�." means a condition that can cau�e,eantribute to,or otherwise�rigg�r an <br /> En�u-anmental Cleanup. <br /> Borrower sha11 n.ot cause or permit the presence,use,disposal, storage,or release of any Hazardaus <br /> Substances,or�hreaten to release any Hazardous Substance�,on or in the Proper�y. Borrower sha11 not <br /> do, r�ar allow anyone else to do,anything affecting the Froperty(a}that is i3n.�io�ation of any <br /> Environmenta.l La�, (b}which creates an Environmenta�Condition,or�c}which,due to the pres�n�e, <br /> use,or release of a Hazardous Substance,creates a condition that adversely affects the�alue of the <br /> Property. 'The preceding two sentences shall n�t apply ta the presence,use,or storage on the�'roperty of <br /> FHA❑eed of Trust With MERS-NE 9/34/2414 <br /> Bankers SystemsTN+ VMP C� VMP4N[NE}(15t}fi�.4� <br /> 11Valters Kluwer Finar�c�al Services Page 13 of 17 <br /> q43353854$89 4�33 359 1317 <br />
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