|
20020607.}
<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 18.
<br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. 'the Note or a partial inlerestin
<br />the Note (togetherwith this Security Instrument)can be sold one or more times without prior notice to
<br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer ") that collects
<br />Periodic Payments due under the Nole and this Security Instrument and performs other mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be
<br />one or more changes of the Loan Servicer unrelatedto a sale of the Note. if thcrcis a change of the Loan
<br />Servicer, Bmrowerwllt be given written notice of the clrangewluch will statethe nameand address of the
<br />new Loan Servicer, the address to which payments should be made and any other information RESPA
<br />requiresin connectionwith a nulice of transfer of servicing. If the Note is sold and thcrcaborthe Loan is
<br />serviced by a Loan Servicer other than the purchascr of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the Lour Servicer or be tratsferred to a successor Loan Servicer and at c not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor Lender may enmmeneu, 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 Instri mentor Thal allcgs that the other party has breachedany provision of, or any duly owed by
<br />reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such
<br />notice given in compliance with the requirementsof Section 1S) of such alleged breach and afforded the
<br />other party hereto a 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 deemed In be reasonabletor purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Suction 20.
<br />21. hazardous Substances. AH used in this Section 21: (a) "Hazardous Substances' are those
<br />substancesdefined as toxic or hazardonssubstances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive malcrial,c,
<br />(b) "Environmental Law" means federal laws and laws of thcjurisdiction where theProperly is located that
<br />relate to health, safety or unvirmmentalprolectiom; (e) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal action, as defincdin Environmental Law; and (d) an "Environmental
<br />Condition" means a condition that can cause, contribute m, 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 />Substances, or Ihreatento release any HazardousSubstances, on or in the Properly. BOrrl)wer %hall not do,
<br />nor allow anyone else to the anything affecting the Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an EnvironmentalCondition, or (u) which, due to the presence, use, or releaseof a
<br />Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding
<br />two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Property (including, but not limited to, hazardous substances in consumer product~).
<br />Borrower shall promptly give Lunderwrillun notice of (a) any investigation, claim, demand, lawsuit
<br />or other action by any governnrentalor regulatory agency or private party involving the Property and any
<br />Hazardous Substance or Environmental Law of which Borrower has actual knowlaigc, (b) any
<br />EnvironnrentalCondilion, including but not limited lo, any spilling, leaking, discharge, releaseor threatof
<br />release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br />IlazardousSubsumee which adversely affects the value of the Property. If Borrower learns, or is notified
<br />M-6AME1 mooei PW,1zm16 "7 Farm3028 1/01
<br />ous no
<br />
|