|
200208474
<br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall
<br />have the right to have enforcement of this Security Instrument discontinued at any lime prior to the earliest of: (a) five days
<br />before sale of the Property pursuant (o any power of sale contained in this Security Instrument; (b) such other period as
<br />Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgrnad culturing this
<br />Security loshnment Those conditions are that Borrower (a) pays Lender all sums which then would be due trader this
<br />Security hnshmoenf and the Note as if nn acceleration had occurred; (b) cures any default of any other covenants of
<br />mneements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, rcasorable
<br />atlonneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's l ociew
<br />in the Properly and rights under this Security Instrument; and (d) takes such action as Leader may reasooably require to
<br />assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay file
<br />sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such
<br />ncinstalraneal sums and expenses in one or more of the following forms, as selected by Lender: (a) cash, (b) money order,
<br />(c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution
<br />whose deposits are !named by it federal agency, inshumcrawily or entity; or (d) Electronic Foods 'Transfer. Upon
<br />reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no
<br />acceleration had occurred. However, tlus tight to reiaslale shall not apply in the case of acceleration antler Section 18.
<br />20. Sale of Note; Change of Loan Servicer, Notice of Grievance. The Note or a partial interest in the Note
<br />(together with this Security hnstmmew) cat be sold one or imic limes without prior notice to Borrower_ A sale might result
<br />in a change in the entity (known as the "Loan Scivicei ") that collects Periodic Payments due under the Note and this Security
<br />lostrumeat and perfomvi other mortgage loan scivicing obligations under the Note, this Security frear ment, and Applicable
<br />Law. There also might be one or moue changes of the Loan Servicer unrelated to a sale of the Note If there is a change of
<br />the Loan Servicer, Borower will be given written notice of the change which will state the name and address of the new
<br />Loon Servicer, the with rare to which paynnenls should be made and any other information RE SPA requires in connection with
<br />a notice of tia sfer of servicing If the Note is sold and lhereafier the Loan is serviced by a Luau Servicer other than the
<br />purchaser of the Note, the nounwee loan servicing obligations to Borrower will remain with the Loan Servicer or be
<br />tnaslorred to a successor Loan Scnvl xa and me act Wanined by the Note purchases unless otherwise provided by the Note
<br />purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined many judicial action (are either an individual
<br />litigant or the member of a class) that arises from the other parry's actions pursuant to this Security hnstuuncut or that alleges
<br />that the other party has breached any provision of, or my duty owed by reason of, this Security Instrument, mail such
<br />Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15)
<br />of such alleged 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 most elapse before certain action can be taken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph The notice of acceleration and opportunity to cure
<br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be
<br />deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used to this Section 21: (a) `Tlazardin s Substances" are those substances defined
<br />as toxic or hazardous substances, pollutants, or wastes by Environmental Law and The following substances: gasoline,
<br />kerosine, other flammable or toxic petroleum looducts, toxic pesticides and herbicides, volatile solvents, marrieds containing
<br />asbestos oh fi mhaldehyde, and Teditmlive matehials; (b) "Ei viunnneidal Law" means federal Jaws and laws of the
<br />jmisdictom where the Property is located that relate It health, safety or environmental protection; (c) "Frviummental
<br />Clwuup" includes any response action, remedial action, or icate val action, as defined in Environmental Taw; and (d) an
<br />"Envuounculnl Condition" rrn:ans a condition flat can cause, co aibule to, in uthetwise aiggen an Environmental Cleanup.
<br />Borrower shall not cause or peanut the presence, use, disposal, storage, or release of any Hazardous Substances, or
<br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
<br />anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
<br />Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely
<br />affects the value of the 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 normal residential uses and to
<br />maintenance of the Property (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 or other action
<br />by any govemunental or regulatory agency or private party involving The Property and any Hazardous Substance or
<br />Envirommental Law of which Borrower has actual knowledge, (b) any Envronmental Condition, including but not baited to,
<br />Loan No: 1735183
<br />NeLraaks Dud o(Trusl- Single Pamily-Fannic MadFmddie Mac UNIFUNM INSfnUMM 1 Fear 302801/01
<br />For COMP1.UNCF smance, Is'.— rage 10 or 12 11ticsn..a
<br />
|