|
200502951
<br />rJOC ID #: 0009051254203005
<br />If all or any part of the Property or any Interest BoWezlis sold or transferred) without LendeBop ooxewritten
<br />a natural person and a beneficial interest m this Security Instrument.
<br />consent, Lender may require immediate payment in full of all sums sroh bi by b Applicable Law.
<br />However, this option shall not be exercised by Lender if such exercise is p Y pp
<br />If Lender exercises this option, Lender shall give Borrower notice en in accordance with m the date the notice is g with Section 1S
<br />provide a period of not less than 30 days from
<br />within which Borrower must pay all sums secured by this Security e any remedies permittedlbysthispSecurcy
<br />sums prior to the expiration of this period, Lender may Y
<br />Instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower ti
<br />prior to the
<br />shall have the right to have enforcement of this Security Instrument power of sales at any oethis Security
<br />earliest of: (a) five days before sale of the Property pursuant to any
<br />riod as Applicable Law might specify for the termination of Borrower's right to
<br />Instrument; (b) such other pe
<br />gment enforcing this Security Instrument. Those conditions are that Borrower:
<br />reinstate; or (c) entry of a jud
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note
<br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays
<br />incurred in enforcing this Security Instrument, feel incurred for of lim
<br />of protecting L ndex s, interest
<br />property inspection and valuation fees, and other ably
<br />in the Property and rights under this
<br />the Property nandd)rights action
<br />his 5ecurityrinstrumentn and
<br />require to assure that Lender's interest
<br />Borrower's obligation to pay the sums nstuatementtsjms and Security
<br />expenssinstrument, n Oneshall
<br />morecontinue
<br />of the following forms,
<br />may require that Borrower pay such re
<br />rder; (c) certified check, bank check, treasurer's check or cashier's
<br />as selected by Lender: (a) cash; (b) money o
<br />check, provided any such check is drawn up on an institution whose deposits are insured by a federal Security
<br />effective as if no nstrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement a Borrower, is
<br />hall remain fully acceleration had occurred.
<br />S
<br />Instrument and obligations secured hereby .
<br />However, this right to reinstate shall not 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 interest in the
<br />Note (together with this Security Instrument) can be
<br />as�theeLaan Servicer ") that collects Periodic Payments
<br />A sale might result in a change m he Y ( mortgage loan servicing obligations under
<br />due under the Note and this Security Instrument r ''here also might f other be one of more changes of the Loan
<br />the Note, this Security Instrument, and Applicable Law.
<br />Servicer unrelated to a sale of the Note. state the name and add ess oLoan he new Loan Servicerr, heladdress to
<br />written notice of the change which will
<br />ts should be made and any other information RESPA requires in conn
<br />which paymen ection with a Horace o Servicer other than the
<br />transfer of servicing. If the Note is sold an aobligations tor Borrowerwi 1 remain with the Loan Servicer
<br />purchaser of the Note, the mortgage loan servicing
<br />or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise
<br />provided by the Note purchaser.
<br />Neither Borrower nor Lender may commence, hat arises from the other party's actions pursuant to this eSecur Security
<br />individual litigant or the member of a ) has breached any provision of, or any duty owed by reason of,
<br />Instrument or that alleges that the other parry
<br />this Security Instrument, until such Borrower or Lender has notified the other party (with such notice hereto in
<br />compliance with the requirements of Section 15) of such alleged breach and afforded � Iother paty provides a time
<br />reasonable period after the giving of such notice to take corrective action. If App
<br />period which must elapse before certain action can be taken, that m period Ce be
<br />iven to Borrower pursuant
<br />r h. The notice of acceleration and opportunity g
<br />for purposes of this paragraph, ap
<br />to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to
<br />satisfy the notice and opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances
<br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental mental Law and
<br />c des and the hfobo dng
<br />substances: gasoline, kerosene, other flammable or toxic petroleum p p es,
<br />volatile solvents, materials containing aw aud asbestos
<br />the jurisdiction fl where he Property radioactive
<br />s located materials;
<br />that relate
<br />"Environmental Law means federal protection; (c)
<br />to health, safety or environmental p 'Environmental Cleanup" includes any response action,
<br />remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition"
<br />means a condition that can cause, contribute to, oee otherwise use, an Environmental Cleanup.
<br />Borrower any Hazardous
<br />Borrower shall not cause or permit the p
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor
<br />allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b)
<br />which creates an 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 preceding two sentences
<br />shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances
<br />that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property
<br />(including, but not limited to, hazardous substances in consumer products).
<br />L,. Farm 3028 1101
<br />(M 6A(NE) (0005).01 CHL (01101) Page 9 of 11
<br />
|