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2� 1 ��435 conc�ude, al�mortgage insurance and references to martgage insurance premiurns, all r�ferences t� HUD, �ir�ie Mae and Pr�gram �l�l�gations and r�lated t�rms and pr�visions shall cease, and al� rights and abligati�ns of HUD s�a��term�nate; (b} all obligati�ns and respar�sibi�ities of BorroVver t� HUI] shall �il�ewise terminate; and �c} a�� obligations and respansi�i�ities of Lender to HUD sha�l likewise terminate; pravided, hovvever, noth�ng contained in this Se�tion 4�, shal� in any fashi�n�iischarge Borrower fr�m any obligat�ons to HUD under the B�rrower's Regu�at�ry Agreement or Program �b�igations ar Lender fron� any obligati�ns to HLJD unc�er Program �bligations, wh�ch occurred pri�r to termination of the Contract of Insuran�e. The provisions �f th�s Secti�n 4� shall be given effect automatica��y upon the termination of th� Con�ract of Insuran�e or the tra.izsfer af this Security Instrument by HUD t� another party, prov�ded that up�n the request of Barrower, Lender ar the party to vvhom this S��urity Instrumer�t has been transferred, at no cost to HUD, HUD shall execute such d�cuments as may be reasonably requested to confirm the provisions of this Sect��n 46. 47. �Intentionally �mitted] 48. ENVIR�NMENTAL HA�ARD S. (a} Def�nitions: �1} "Hazardous Materials" means petroleum and petr�leum products and c�mpounds c�ntaining them, including gas�l�ne, diese� fuel and�i�; explosi�es; flammable materials; radioactive materia�s; polychlorinated biphenyls �"P�Bs"} and c�mp�unds c�ntaining them; l�ad and �ead-based pa�nt; asbestos or asbestos-containing materials in any form that is or c�uld become friable; undergr�und or abo�e-ground storage tanks, Whether empty or��ntaining any substance; any substance the presence of wh�ch an the Mortgaged Praperty is prohibited by any �overnmental Authority; any substance that requires specza� handling; and any other material �r substance now or in the future def�ned as a"hazardous Sl1�StariC� " "hazard�us materia� " "hazardous waste " "tD��C SL1�3Sta.I1Ce " � ? > > toxic pallutant," "c�ntaminant," or"po�lutant"within the meaning of any Hazardous Materials Lav�. �� "Hazardous Materials Laws"means all federal, state, and local lav�rs, ordinances and regulations and standards, rul�s, pol�ci�s and other governmentai requirements, adm�nistrativ�rulings and court judgm�nts a.nd decrees in effect n�vv ar rn the future and �ncluding a�l amendments that re�ate to Hazardaus Materials and apply to B�rrovver or ta the Mortgag�d Property. Hazardaus Materials Laws �nc�ude, but are not limited to, the �omprehensive Environmental Response, C�mpensati�n and Liability Act, 42 U.S.�. Sect�on 9��1, et se�►., the Resource Conservation and Recovery Act, 4Z U.S.�. Section 69�1, et seq., the Toxic Substance �ontrol Act, 15 U.5.�. Secti�n 2d�1, et seq., the �lean Water Act, 3 3 U.S.G. S ection ��51, et seq., and the Hazard�us Materia�s Transportatian Act, 49 U.S.�. S ect�on 51�1, e t se�., and their state Previous versions obsofete Page 34 form HLID-94��-�R�F ��612�14}