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I' 1HK . C 1 . C6JUr-1 1 L; 4nelyl
<br />200204237
<br />N0.078 P.37/72
<br />The notice of acceleratlon and opportunity to cure given to Borrower pursuant to Section 22
<br />and the notice of accelar4tlgn given to porrower pursuant to Section 18 shall be deemed to
<br />satisfy the notice and opportunity tP take corrective action provisions of this Section 20,
<br />211. Hazardous Substances, As used in this Section 21: (a) "Hazardous Substances"
<br />are those substances defined as toxic or hazardous supstappe4, pollutants, or wastes py
<br />Environmental Law and the following substances: gasoline, kerosene, other flammable or
<br />toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials
<br />containing asbestos or formaldehyde, and radioactive material, (b) " Environmental Low"
<br />means federal laws And laws Of the jurisdiction where the Property is located that relate to
<br />health, safety or environmental protection; (c) 'Environmental Cleanup" includes any
<br />response action, remedial action, or removal action, as defined in Environmental Law; and
<br />(d) an "Environmental Conditiony means a condition that can cause, contribute to, or
<br />otherwise trigger an Environment Cleanup,
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of
<br />any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the
<br />Property. Borrower shall not do, nPr allow anyone else to dq, anything affecting the
<br />Property (a) that is In violation Of any Environmental Law, (b) which creates an
<br />Environmental Condition. or (c) which, due to the presence, use, or release of a Hazardous
<br />Substance, creates a condition that adversely affects the value of the Property, The
<br />preceding two sentences shall not apply to the presence, use, or storage op they Property of
<br />small quantities of Hazardous Substances that are generally recognized to be appropriate to
<br />normal residential uses and to maintenance of the Property (Including, but not lirnfted to,
<br />hazardous substances in consumer products),
<br />Borrower shall promptly give lender written notice of (a) any Investfgation, claim,
<br />demand, lawsuit or other action by any governmental or regulatory agency or private party
<br />involving the Property and any Hazardous Substance or Environmental Law of which
<br />Borrower has actual knowledge, (b) any Environmental Condition, including but not limited
<br />to, any spilling, leaking, discharge, release or threat or release of any hazardous S4bstanca,
<br />and (c) any condition caused by the presence, 4pe or release of a Hazardous Substance
<br />which adversely affects the value of the Property, if Borroowar learns, or is notified by any
<br />governmental or regulatory authority, or any private party, that any removal fir other
<br />remediation of any HaxardRUS SNbetance .affecting the Property Is necessary, sorrovwer shall
<br />Promptly take all' necessary, rernod141 actions In acpordanee with Environmental Law.
<br />Nothing herein shall create NY npligatign an Wnder for an Environmental QIean4p.
<br />NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree as
<br />follows:
<br />'22, Arcelarabion; Ram90111es. 'l.endor shall give notice to Borrower prior to apeploration
<br />following borrowers. breach of any covenant or agreement in this Security Instrument (but
<br />not prior to acceleratiop tlroder Section 18 unkss Applica0le Ww prquides atherwise). The
<br />notice shall specify: (a) the default; (b) the action Taquired to cure,"* default; (c) a date,
<br />hot less than 30 days from the date tho notice is given to Borrower, by which the default
<br />must be cured; and (d) that failure to cure the default on or pefore the da#e specified In the
<br />notice may r+esuit in acceleration of the sums Secured by this Security Instrument and sale
<br />Of the Property. The notice shall further Inform Borrower of the right to reitrstate after
<br />acceleration and the right to bang a court action to assert the non"axistence of a default or
<br />MY other defense of Borrower to acceleration and sale, If the del ult is not cared on or
<br />SNE1S Rev 10/09/00 Pape 14 Of 1s initfai�: j„ FORM 3= 1/01
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