201606443 - Laserfiche WebLink

Browse

2� 1 ��443 'I 9, Sale of IVat�; �hange of Lvan Servicer;Notice of Gri�rrance.The Nate ar a par�ial interest in the Nate��ogether with this Security�nstrt�ment)car�be sol�one or mar�times withaut prior notice to Borrawer. A sale might result in a change in the e��tity(known as the"Loan Servicer"}that co�lects Periadic Payments due un�er the Note and this Sec��rity Instrume��and perfarms other mor�gag� loan ser�t�icing obligatians under the Note,thi�Security rnstrum�nt, and Applicable Law. There also might be one ar more changes of the Loa1�5ervic�r uxuelated ta a sale of the�ate. If there is a change of the Loai� Servicer, Borrower wi11 be given written not.ic�of the ehange which�vill s�ate the r�ar�ne a��address of the ne�Loan Servic�r, the address ta��hich payi-nents should be��nade and any other�nformati�n�2LS�'� r�q�lires in connection with a not�ice of transfer�f servicing. If the I�ate is sald and thereafter the Loan xs ser��iced by a Loa��Ser�vieer other than th�purchaser of the No�e,the moX-tgage laax-�serviei��g obliga�i�ns to Borro�er wiil remain with the Loan Ser-�t�ice�-ar be transfened to a succe5sor Loat� Se1-v�cer ar-�d are nat assurned by the Note p��rchaser unless ath��-wise prouided by the Nate purchaser. Neithcr B�rrower nor Lendcr may eommcnce,join,or b�joincd to any judic�al action(as cither�n in�i�idual liti�ant or t�ie rr7ember of a class} t��at arises frorr��he o�her par�y's act�ons pursuant to t�iis Sect�ri�y Instrumcnt or that allcgcs that thc othcr party has brcachcd any pra�ision af, or any�uty o�vcd by reason of, this SeCurit�rri5tru��ient,ur�til s�tch Borro�ver or Let�der��as noti�ied the other party(�vith �uch notice givcn in camplia.ncc��ith thc r�quircm�nts�f Scction 14}of such�licgcd brc�ch a��d�ffoxd�d the�ther party heret�a reasonable period at�er the giving ot�such 1�otice to take�:orrecti��e action. If ApplicablG Law pro�ides a timc period��hich musf clapsc�cf�rc ccrtain�ctia��can bc tak�n,that�imc period wil�be deemed to be reasanable for purposes af this Sectian, "I'he notice of acceleratio�7 and appor�un�t�r to curc givc�l t�BQrrower p��xsuant to Scction�2 and thc naticc of acccicratior�giWcYa t� Borrower pursuant to Section 17 shall be deemed ta satisfy the notice and opportl�nity to take con-ecti�e action pro�isi�ns of this�ection 19. �D. Barrvwer iVot Third-Par�yBerteficia�yto Cantract of Insurance.Mortgage �ns��ran�e reimburses Lender(or aily el�tity that purchases the l�ote}for certain losses it may incur if Bonov�rer does not repay the Loan as agre�d. Borrawer ackno�iedges and agrees that the Borrower is not a t:h�r�par�y bene�ciary �o the contract of ii�surance between the Secretary�.r�d Lender, nor is F�orro�ver e��titled t�a enforce any agreement between Le��der at�d the S�cretary, ��nless e�p�icit.ly authori�ed to do so by�ppiic�ble Z.�a�v. 2�1. Hazardous5ubstances.As used in this S�cti�n 21: (a}"�-�azarc�c�u� Substanc;es"are tht�se s�rb�tance� de�ned as taxic or ha�ardous substiances, polluta�zts, or�vastes by Envira�lmei�tal L�w ar�d the fol�o�t�ing substance�: �a��tine, kerosene,c�thc�r flammable c�r tc�xic;petroleum prc�ducts, tc�xic p�st�cir�es a.nd herbicides,�olatile solvents,xna�erials contai�li�lg asbestos or formaldehyde, and radioactr��e materia�s; �b}"Envirc�nmental Law" means fe�erai ldws and laws�f the juri5dictic�n where�he property is loc:at�d that re�ate to hea�th, safe�y or er��ironmelltal proteCtion; ��} "En�t�ironmental Cleanup" ��cludes any re�pUn�e actic�n,remedia�ac;tian, or remc��a1 actic�n,as c�efined in Envirc�nmental Law; and�d}an "Environmen�al �ondition" means a conditiora�hat can cause,�ontril�ut�to, or other�t�ise trigger an Environmental�leanup. F�orrower shall i�ot�ause or p�i-rnit the pre�ei�.ce,�.�se,disposal, stora�e,o�•�clease of ar�y��a;cardous Substances,or�hrea�en to re�ease any��aza�d�us S�zbstai�ces,o��or�n the P1•operty. �30�o�ver shall not do, �Zor a�low anyo�}e e�se to do, anythir�.g atf ectitlg the �'rope�-ty(a.}that is in violation of'�zi�y Environmer�tal Law, (b}�uhich creates an En�iranmental Condi�ion, ar(c}which, due to the prescnce, use,or reiease of a Hazardaus Substa�lc�,creates a�onditioi�that ad�T�rsely atfects the value of the Property. The preceding two seiztences shall not apply to the presence, use,or s�orage on the Propex-�y Qf FHA Deed of Tru�t 1Nith MERS-NE 913012U�4 Bank�rs SystemsT� VMP C7 VMP�Ihl�NE)(9546�.4� Wofters Kluwer Financia!5ervices Pag�:13 of 17 q�3357293�32 0�3� 7�5 l�l�