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Jun -30 -00 13:14 From-
<br />T -001 P 22 F -139
<br />2000054$8
<br />Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to feinstale shall riot apply in Ole case of acceleration u11deT Section 18.
<br />20. Sale of Note; Change or Loan Servicer; Notice of Grievance. The Nate or a partial interest in the
<br />Note (togedler with this Security instrument) can be sold one or more limes without pricer notice to Borrower_
<br />A sale (night result in u change in the entity (known as the "Loan Servicer ") that collect., Periodic Paynient.s
<br />due under the Now and Otis Security Instrument anti performs other mortgage loan servicing obligalions
<br />under the Nog;, Otis Security Instrument, and Applicable Law. There also might be one or more changes of
<br />the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be
<br />given written notice of the change which will state the name and address of the new Loan Servicer, the
<br />address to which payments should be made and any other information RESPA requires in connection with it
<br />notice of transfer of servicing. If the Note is sold and dierealler the Loan is serviced by it Loan Servicer other
<br />than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with die
<br />Loan Servicer or b.: transferred to a Successor Loan Servicer anti are not assunlett by tie Note Purchaser
<br />unless otherwise providul by the Note purchaser.
<br />Neither Borrower nor Lender may commence, join, or he ,joined to any ,judicial action (aS either an
<br />individual litigant or the member of a class) that guises from the other party's actions pursuant to this Security
<br />instrument or that alleges that the oilier party has breached tiny provision of, or any duty owe(I by reason of,
<br />tlis Security in;uuinenl, until such Borrower or Lender has notitied die other party (with such notice given in
<br />compliance with tad requirements of Section IS) of such alleged breach and afforded the other party hereuh a
<br />reasonable period after the giving of Such notice to taake corrective action. If Applicable Law provides a time
<br />period which must ttlapsu before certain action can be taken, that time period will be deemed to be reasonable
<br />for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant
<br />to Section 22 and the notice of acceleration given to Borrower purSUant to Section 18 shall be deemed to
<br />satisfy the notice anti opportunity to take corrective tuition provisions 01 tills Secl.inn 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous ^Subsumces" arc those
<br />subsliances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesltOdes and
<br />herbicides, volatiic sol vents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
<br />"Envircnnnenuil Law" means federal laws and laws or the jurisdiction where the Property is located that relate
<br />to health, sal'cty or environmental protection; (c) "Environmental Cleanup" includes any response �hction,
<br />remedial action, or removal action, as defined in Environmental Law; and (d) an Environmental Condition"
<br />means a condition that call cause, contribute: to, or otherwise trigger an Environmental Cleanup.
<br />Borrower Shall not, cause or permit the presence, use, disposal, storage, or release (11' ally 14117 doius
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall riot do,
<br />nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Environmenutf Condition, or (c) which, due to the presence, use, or release of a
<br />H;iza rdous Subsumce, cr&ites a condition that adversely all-eels the value of the Property. The preceding two
<br />scnt.ences .hall not. apply to die presence, use, or storage on the Property of small quantities of Hazardous
<br />Substances that and generally recognized to be appropriate: to normal residential uses anti to maintenance of
<br />the Property (including, but riot limited to, hazardous substances in consumer products).
<br />Borrower ,ih.dl promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or
<br />other action by any govantnental or regulatory agency or private party involving the property and any
<br />Hazardous Substance or Environmental Law of which Borrower ha>_S actual knowledge, (b) any
<br />Environmental Condition, including but not limited ui, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (t:) any condition caused by the presence, use or release o1 it
<br />Hazardous Subsance which adversely affeco; the value of the Property. if Borrower leanis, or is notified
<br />7200303 -00
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<br />- BANE) (oaori) 02 Page 12 of 16 Form 3028 3199
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