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MAR -14 -2003 FRI 01:50 PM WELLS FARGO HOME MTG FAX NO. 4025362983
<br />200303116
<br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
<br />apply in the case of acceleration under Section 19.
<br />20. Sale of Ni le; Change of Loan Servicer; Notice of Grievance. The NOW or a partial interest in
<br />the Note (together 'vial this Security Instrument) can be sold one or more times without prior notice to
<br />Borrower. A sale raght result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periodic Payments sue under the Note and this Security Instrument and performs other mortgage loan
<br />servicing obligation; under the Note, this Security Instrument, and Applicable Law. There also might be
<br />one or more changes of the Loan Servicer unrelated in a sale of the Note. If [here is a change of the Loan
<br />Servicer, Borrower, via be given written notice of the change which will state Elie name and address of the
<br />new Loan Service[, the address to which payments should be nude and any other information RESPA
<br />requires in connectinn with a nouce of transfer of servicing. If the Now is sold and thereafter the Loan is
<br />serviced by a Loan :;ervicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will rennin with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrow er nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant o.- 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 owed by
<br />reason of, this SecuMy Instrument, until such Borrower or Lender has notified the other party (with such
<br />notice given in mmldiance with the requirements of Section 15) of such alleged breach and afforded the
<br />other party hereto r. reasonable period after the giving of such notice to take corrective action. If
<br />Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br />period will be deernd to be reasonable for purposes of Ihis paragraph. The notice of acceleration and
<br />opportunity to cure given m Borrower pursuant to Section 22 and the notice of acceleration givrn to
<br />Borrower pursuant it Section IS shall be deemed to satisfy the notice and opportunity to take mrecove
<br />action provisions oftlis Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toxic nr hazardous substances, Pollutants, or wastes by Environmental Law and the
<br />following substances, gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volati a solvents, materials mmaining asbestos or formaldehyde. and radioactive materials;
<br />(b) "Fnvironmartal Lt." means federal laws and laws of the jurisdiction where the Property is located Chu
<br />relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes ray response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Enviroumentai
<br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental
<br />Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Srbstances, or threate 1 to release any Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyone else m do, anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which create.; an Environmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding
<br />two sentences shall nit apply to the presence, use, or storage on the Property of small quantities of
<br />Hazardous Substances that are generally recognized in he ;eppmpriate to normal residential was and to
<br />maintenance of the Prt perry ( including, but not limited to, hazardous substances 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 my
<br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) my
<br />Environmental Conditim, including but not limited to, my spilling, leaking, discharge, release or threat of
<br />release of my Hazardous Substance, and (c) tiny condition caused by the presence, use or release of a
<br />Hazardous Substance which adversely affects the value of the Property, if Borrower learns, or is molied
<br />P. 21
<br />P... 12 ors
<br />Form 3029
<br />1/01
<br />e
<br />P. 21
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