|
202111053
<br />mortgage loan servicing obligations under the Note, this Security instrument, and Applicable Law.
<br />There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there
<br />is a change of the Loan Servicer, Borrower will be given written notice of the change which will state
<br />the name and address of the new Loan Servicer, the address to which payments should be made and
<br />any other information RESPA requires in connection with a notice of transfer of servicing. If the Note
<br />is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the
<br />mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred
<br />to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by
<br />the Note purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this
<br />Security Instrument or that alleges that the other party has breached any provision of, or any duty
<br />owed by reason of, this Security instrument, until such Borrower or Lender has notified the other
<br />party (with such notice given in compliance with the requirements of Section 15) of such alleged
<br />breach and afforded the other party hereto a reasonable period after the giving of such notice to take
<br />corrective action. If Applicable Law provides a time period which must elapse before certain action
<br />can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The
<br />notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice
<br />of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and
<br />opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental
<br />Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or
<br />formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of
<br />the jurisdiction where the Property is located that relate to health, safety or environmental protection;
<br />(c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as
<br />defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can
<br />cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall
<br />not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any
<br />Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence,
<br />use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the
<br />Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property
<br />of small quantities of Hazardous Substances that are generally recognized to be appropriate to non -nal
<br />residential uses and to maintenance of the Property (including, but not limited to, hazardous substances
<br />in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governmental or regulatory agency or private party involving the Property and
<br />any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or
<br />Wolters Kluwer Financial Services, Inc.
<br />11
<br />2021122221. .0.3997-J20211026Y
<br />r1i'it11ffih1I
<br />9
<br />II
<br />III
<br />1809845497
<br />09/21
<br />Initials `� Page 14 of 17
<br />1IIf[113H
<br />'
<br />
|