201605652 - Laserfiche WebLink

Browse

2� 1 ��5�52 �I 9. 5ale of Nvte; �hange of Loan Ser►ricer;Notice of Gr�evance.Th�Note or a pa.rtial interest in the Nate�to�ether with this Securi�y Instrument)can be sold one or more times without prior no�ice to Borrower.A�a1�might result in a change in the entity(kno�as the "Loan Ser�icer"}that callects Periodic Payments due under the Note and this Security Instrument an.d perf�rms other mortgage loan servicing ab��gat�ons und�r the Note,this Security Instrument,and Applicable La�v. There also might be one or more changes of the Loan Ser�r�cer unrelated to a sale af the Note. If there is a change of the Loan Ser�icer,Barr��er will be given�vritten notice�f the change which wi11 state the nam�and address af th�ne�Loan Servicer,the address to which payments should be rriade and any other informati�n RESPA requires�n connec�ioa wxth a notice of transfer of servic�ng. If the Note is sold and th�reafter the Loan is ser�iee�.by a Loan S�rvicer other than th�puarchaser of��.e Note,the rno�tgage�oan servicing obliga�ions to Barrower wi11 remain with the Loan Ser�icer or be transf�rred to a suGGessor Loan Servicer and are not assumed by the Note pu.rchaser unles�otherwise pro�rided by the Note pu.rchaser. I�either Borrower nor Le�.der may commence,join,or be�o�ned to any�udicial action(as e��her an individuallitigant or the member�f a class}tha�arises from the other party'�actions pursuan�to this Security Instrument or tha�alleges that the other party ha�breached aay provision af,or any du�owed by reason of,this Security Instrument,until such Borrower or Lender has notified the ather party��ith such notice gi�ren in camp�iance with the requirements of Section 14�of such alleged breach and afforded the other�arty hereto a reasonab�e period after the giving of such n��ice to t�.1�e correc�ive action. If Ap�lica�le Law pra�ides a time period�vhich must elapse before cer#ain action can be ta.ken,that time p�riad�ill be deemed t�be reasonable for purp�ses of this Secti�n. The notice of ac�eleration and app4rtunity to cure giv�n to Borr�vver pursuant to Sectian 22 and the notice of acce�eration given to Borrawer pursuant to Se�tion �'7 sha11 be deemed to sa.tisfy the notice and opport�,lnity to take corrective action provisions of th�s Section 1�. 2�. Borrower Nvt Third-Part�BenefiCiar�to �ontract of Insur�nc�.Mortgage Insurance reimburses Lender(or aay entity that purchases the Note}for certain losses it may incur if Barrower does no�repay the Loan as agreed. Barrower ackno�v�edges and agrees that the Bflrrower is not a third par�y bene�"iciary to the contract of insu.rance bet�veen�he Secretary and Lender,nor is Borrower entitled to en.for�e any agreement between Lender and the Secretary,un�ess explicit�y authorized to do so by Applicab�e Law. 21. Ha�ardaus Su bstances.As used in this 5e�tian�1: �a} "Hazardous Subst.ances"are those substances def�ned as toxic or hazardous sub�tances,pol�utants,or wastes by En�i.ronmental La�v and the following substances: gasoline,l�erosene,o�her flammable or taxic�etroleum praducts,�oxic pesticide�and herbicides,volatile sol�ents,materials containing asbestos or formaldehyde,and radioactive materials; (b} "Environmental Law"means federallaws and laws af the jur��diction wh�re the Pr�perty is loca�ed that re�ate to health,safety or environmental pro��ction; (c}"Environmental Cleanup" includes any response ac�ian,remedial action,or removal act�on,as defin�d in Env�ronmenta.l Law;and�d}an "Environmental Gonditian"rneans a c�n.dition that can cause,contr�bute to,or otherwise trigger an Environmental Cleanup. Borrower sha�1 not eaus�ar permit th�presence�use,disposal, storage,or releas��f any Hazardous �ubstances,or threaten��re��ase any Hazardou$Substanc�s,on or in the Proper�y.Borrower sha11 not do,nor allow anyone else to da,an�th�ng affecting the Property(a}that is in violation of any En�ironmen�al Law,�b}which creat�s an Environmental Condit�or�,ar�c}which,due to the presen�e, use,or release of a Hazardous Substance,creates a condition�hat adversely affects the value of the Prop�rty. The preceding two sentences s�all not apply to the presence,use,or storage on the Prap�rty of FHA Deed of Trust Wifh MERS�NE 9/34/2494 1Nofters Kiuwe Fi anc a S�ices VMP��Page 13�of D7 qU3359766585 �233 36� 1317