|
2� 1 ��884�
<br /> in the Property and rights under this Security Znstrument; and�d} takes such ac�r�n as Lender may
<br /> reasonab�y require to assure that Lender's interest in the�roperty and rights uza.der this Security Ynstrurnent,
<br /> and Borrower's obligation to pay the sums secured by this Securxty Instrument, sha11 continue unchang�d.
<br /> Lender may require that Borrower pay such reinstatemen�sums and e�penses in one or more af the fol�owxng
<br />- forms, as seXec�.ed�y Lender: (a} cash; �b�m�n�y order; �c�certifi�d check, bank check, treasurer's ch�ck or
<br /> cashier's check, pravided any such�heck is drawn upon an institution whose depflsits are insured by a
<br /> federa� agency, instrumentality or entity; ar�d} Electron�c Funds Transfer. Upan reinstatement�y Borrovver,
<br /> this Securit�Instrument and obligations secured hereby sha11 remain fu���effective as if no acce�eration had
<br /> occurred. Hawever, this right to reinstate sha��not app�y in the case of ac���era�ion under Section �8.
<br /> 2�. Sal� af N�t�; Change nf Laan Servicer; Noti�e vf Gri�rrance. The Not�or a partial xnt�rest in th.e
<br /> Note�together with�.his Security Instrument}can b�sold one or mare times vvxth�ut priar notice to
<br /> Borrower. A sale might result in a change in the entity�known as the "Laan Servicer"}that co�lects Periodic
<br /> Payments due under the Note and this Security Instrument and performs other mortgage loan s�rvicing
<br /> a�l�gations under the Nate, this Securxty Instrument, and Applicable Law. There also mzght be ane or more
<br /> changes of the Laan Servicer unrelated ta a sale of the Nate. If there is a change of the Laan Servicer,
<br /> Borrower will be given vvritten n�tice of the change which will state t�Yie name and address of the new Laan
<br /> Ser��cer,the address to which payments should be made and an.y other�.nformation RESPA requires in
<br /> cannecti�n wxth a not�ce af transfer of serviGing. If the Nate is sald and thereafter th.e Loan is serviced by a
<br /> Loan Servicer other than the purchaser nf the Note, the mortgag�laan servrcrng obligations ta Borrower will
<br /> remain with�he Loan Servrcer or 1�e transferred�o a suc�essor Loan 5ervicer and are not assum�d b�r the
<br /> Note purchaser unless oteherwise provided by the Nate purchaser.
<br /> Neither Borrower nor Lender may commence,�oYn, or be joined to any judicial actian(as e�ther an
<br /> ind�vidual l��igant or the member of a class�that arises from the ather par�y's actions pursuant�o this
<br /> Security Instrument ar that alleges that the oth�r par�y has breached any provision of, nr any duty owed by
<br /> reason of, this Security Instrument, unti�such Barrower or Lender has notified the other party�with such
<br /> notice given in compliance wi�h the requirements�f 5ection 15}of such alleged breach and aff�rded the
<br /> oth.er party hereto a reasanal�le period after the giving af such natice to take corrective action. If Applicable
<br /> La�v provides a time periad which must elapse befnre certain actian can b�taken, that t�me period w�11 be
<br /> deemed to be reasonable for purposes of this paragraph. Th�notice of acceleration and oppartunity to cure
<br /> given to Borrower pursuant to 5ect�on 2Z and the nnt�ce of acceleration given to Borrvwer pursuant ta
<br /> Section 18 shall be deemed to satisfy the natice and oppartunity to take conective actian provis��ns of th�s
<br /> 5�ction 2�.
<br /> �'[. Hazardous Suhstances. As used in this Section�1: �a� "I�azard�us Substances"are thase subs�ances
<br /> defined as toxic or hazardous substances, pallutants, or wastes by Envir�nmenta�.Law and the foll�wing
<br /> substances: gasol�ne, kerosene, oth�r flammable ar ta�ic p�troleum products, toxic p�sticides and herbicid�s,
<br /> vo�at�le so�vents, materials conta.ining asbestas or f�rma�.dehyde, and radi�active materials; (b}
<br /> "Environmental Law"means federal Iaws and�av�s of the jurisdictian Where the Property i�located that
<br /> re�ate to hea�th, safet�or en�ironrr�ental protection; �c} "Envirortrner�t�al�'rQanup"inc�udes any res�onse
<br /> actxon, rem�dia�actian, or remo�al acti�n, as defined in Envir�nmental Law; and�d� an "�nvironmerttar
<br /> Cor�dit�i�n"mear�s a canditian that c�n cause, contribute to, �r oth�rwise trigger an Environmenta.l�leanup.
<br /> B�rro►vver shall not cause or p�rmit the presence, use, disposal, st�rage, or release�f any Hazardous
<br /> Substances, or trireat-�n to release an�Hazardaus Substances, on or in�.he Froperty. Borrayver sha��not do,
<br /> nor a��o�v anyone els�to da, anyt�ing affecting the Praperty�a�that is in violation af an�r Environmental
<br /> �avv, (b} wh��h creates.an Environrt�.en�al�ondition, �r(c�which, due to the presence, use, or release of a
<br /> Hazardous Substance, creates a candxtion that ad�erse�y affec�s the value of the Praperty. The preceding two
<br /> N�Bi�ASKA-5ingle Family-Fannie MaeJFreddie Ma�11NIFORM lNSTRl1MENT Form 3D�g 71�1
<br /> VMP +Q VMPfi�NEy�9 302)
<br /> Wolters Kluwer Finar�cial 5ervices Page'i 3 of'!7
<br />
|