|
200207491
<br />20. Sale of Note; Change of Loan Servicer, Notice of Grievance. I'lic Note or a partial interest in the
<br />Note (tugcther with this Security Instrument) can be sold one or more times without prior notice m Borrower.
<br />A sale might result in a change in the entity (known as die "Loan Scrviccr") that collects Periodic Payments
<br />due under the Note and this Security Instrument and performs other mortgage loan servicing obligations
<br />under We Now. this Security Instrument, and Applicable Law. There also might be one or more changes of
<br />the Low Scrviccr 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 die nine will address of the new Loan Scrviccr, the
<br />address to which payments should be made and any other information RESPA requires in connection with a
<br />notice of transfer of servicing. If the Note is sold and (hereafter We Loan is serviced by a Loan Servicer other
<br />dim, die purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the
<br />Loan Scrviccr or be transferred to a successor Loan Servicer and are not assumed by We Now purchaser
<br />unless otherwise provided by 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 die member of a class) that m'ises from the other party's actions pursuant to this Security
<br />Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of,
<br />this Security Instrument, unlit such Borrower or Lender has notified the other party (with such notice given in
<br />compliance with We requirements of Section 15) of such alleged breach and afforded the other party hereto a
<br />reasonable period after die giving of such notice to take corrective action. If Applicable law provides a rime
<br />period which must elapse before certain action can be taken, that time Pa—iod will be deemed to he 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 ounce and opportunity to lake corrcelve 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 Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petroleum product%, toxic pesticides and
<br />herbicides, volatile solvents, materials containing asbestos or funmaldchyde, and radioactive materials; (b)
<br />"Environmental law" means federal laws and laws of the jurisdiction where rite Property is located that relate
<br />to health, safety or environmental protection; (c) "Environmental Cleanup" includes My response action,
<br />rcowdial action, or removal action, as defined in Environmern:d Law; and (d) an "Environmental Condition"
<br />means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of mhy Hazardous
<br />Substances, or threaten to release any Hwwdous Substances, on or in the Properly. Borrower shall not 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 Environmental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition that adversely allects die value Of the Property. The preceding two
<br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous
<br />Substances that arc generally recognized to he appropriate to normal residential uses and to maintenance of
<br />the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give lender written uoticc of (a) any investigation, claim, demand, lawsuit or
<br />other action by any governmental or regulatory agency or private party involving the Property mud any
<br />Ilazmdous Substvhce or Environmenul Law of which Borrower has actual knowledge, (b) any
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br />hazardous Substance which adversely affect% the value of die Property. If Borrower learns, or is notified
<br />OOC N:317612 APPL µ'001630i359 LOAN fl:nni6187359
<br />Z
<br />to0osl Fege ¢ol is Form 8028 1101
<br />
|