201701661 - Laserfiche WebLink

Browse

2� 17� 1 �� 1 'I 9. Sale of Note; Change of Laan 5ervicer;Notice of Grie�ance.The Note or a partial interest in the Note�together�vith this Security Instrumerit}can be sold one or more times without prior notice to Borrower.A sa.le might result in a�hange in the entity(knawn as the "Loan Ser�icer"}that co�lects Pertodic Payments du�und�r the Note and this Security Instrument and performs other mottgage loan s�rvicing obiigations under the Nate,this Securi�ty Instrument,and Applicab�e Law. There also might be one or more changes of t6e Loan Ser�icer unrelated to a sale of the Note. If there is a change of tbe Loan Servicer,Bonawer wil�be gi�en written notice of the change which wi11 state the name and address of the new Loan Servicer,the address to which payments should be made and any other information RESPA requires in connection with a notice af transfer of servici�.g.If th�Note is soid and thereafter the Loan is ser�iced by a Loan Ser�icer orher than�the purchaser of the Note,the mortgage Ioan serv�c�ng obligations to Borrower wi 11 rema i n with the Loan S erv i c er or be transferred to a successor Loan Ser�i c er and are not assumed by the Note purchaser unless otherwise provided by�he Note purchaser. Neither Borrower nor Lender may commenc�,join,or be joined to any judicial action(as either an indi�idual litigant or the member of a c�ass}that arises from the otber party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provisian of,or any duty owed by reason of,this Security Instrument,unti�such Borrower�r Lender has a�tified the other party(with such notice gi�ren in compliance with the requirements of Section �.4}of such a��eged breach and afforded the other party hereto a reasonable period after the gi�ing of such notice to take�orrective action.If AppYicable Law provides a time period which must elapse before certaiu action can be taken,that time period wi11 be deemed to be reasonab�e for purposes of this Section.The notice of acce�eration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration g��en to Borro�ver pursuant ta Section 17 sha11 be deemed to satisfy the notice and opportunity to take corrective action pro�isions of this Section 19. Z�. Borrower Not Third-PartyBeneficiaryto �antract of fnsur�ance.Mortgage Insurance reimburses Lender(or any entity that purchases the Note)for certain losses it may incur if Borro�ver does not repay the Loan as agreed. Borrower acknowledges and agrees tha�the Borrower is not a third party beneficiary to the contract of insurance between the Secretary and Lender,nor is Borro�er entit�ed to enforce any agreement between Lender and the Secretary,unless explicitxy authorized to do so by App�icable Law. 2'I. HazardousSubstances.As used in this Section 21: (a� "Hazardous Subst�.nces"are those substaaces defined as toxic or hazardous substances,po�luta.nts,�r wastes by En�ironmental Law and the following substances: gaso�ine,kerosene,other flan�mabte or toxic petroleum pfoducts,toxic pesticides and herbicides,volatile so�vents,mat�rials containin�asbestos or formaldehyde,and radioacti�e materials; (b}"Enviroumental La�v"means federal Iaws an.d laws of the jurisdiction wher�the Property�s located that re�ate ta health, safety or environmen�al protection; (c)"En.�ironmental Cleanup" includes any response action,remedial action,or remo�al action,as defined in En�iranmental Law;and(d}an "Environmental Condition"means a conditi�n that can cause,contribute to,or otb�rwise trigger an En�ironmental C��anup. Borrower sha�l not cause or permit the presence,use,disposal,storage,or release of any Hazardous Substances,or#.hreaten to release any Hazardo�us Substances,on or in�he Property. Borrower shall�ot do,nor allow anyone else to do,anything affecting the Prop�rty(a}that is in�io�ation of any Environmental Law, (b)which creates an En�ironmentat Condition,or(c}which,due to the presence, use,or release�f a Hazar�ous�ubstance,creates a condit.ion that adversely affects the value of the Property. The preceding tvvo sentences sha��not apply to the presence,use,or storage on the Property of FHA Deed of Trust Wlth MERS-NE 91341Z414 Bar�kers SystemsT"" VMP� VMP4N�NE}[�506}.04 Wolters ICluwer Financiai Services Page 13 of 17 qa335796�483 Q233 5�8 1317