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200310517
<br />slmll remain fully effective ;Is it 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 interest in
<br />th, Note (together with this Security Instrument) can be sold one or more times without prior notice to
<br />& )rrower. A sale might rc,ult in a change in the entity (known as the "Loan Servicer ") that collects
<br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br />sc: % icing obligations under tiie Note, this Security Instrument, and Applicable Law. There also might be
<br />oric or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br />Sc; \ icer, Borrower will be 'Liven written notice of the change which will state the name and address of the
<br />nc,,\ Loan Servicer, the address to which payments should be made and any other information RESPA
<br />rc,ltlires in connection with 1t notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />scn iced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchaser 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 />irn idual litigant or the m-mbcr of a class) that arises from the other party's actions pursuant to this
<br />Sc; .u-ity Instrument or that ai lcges that the other party has breached any provision of, or any duty owed by
<br />reason of, this Security Insn-umcut, until such Borrower or Lender has notified the other party (with such
<br />rn,i ice given in compliance \v ith the requirements of Section 15) of such alleged breach and afforded the
<br />ot!,_-r party hereto a reasonable period after the giving of such notice to take corrective action. If
<br />Applicable Law provides a ;imc period which must elapse before certain action can be taken, that time
<br />period will be deemed to h� reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure give❑ to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Bo mower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />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 />ful'.,,wing substances: gasoh.ie, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
<br />(11) "Environmental Law" wc tns federal laws and laws of the jurisdiction where the Property is located that
<br />rc —ic to health, safety or ciiviroumental protection; (c) "Environmental Cleanup" includes any response
<br />remedial action, or rcmo\ al action, as defined in Environmental Law; and (d) an "Environmental
<br />G!ndition" means a corndit;ou that can cause, contribute to, or otherwise trigger an Environmental
<br />CI _•;Inup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to rciease any Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyone else to do. anything affecting the Property (a) that is in violation of any Environmental
<br />L;i .\, (b) which creates an L-nviroumental Condition, or (c) which, due to the presence, use, or release of a
<br />H:�:,ardous Substance, creates a condition that adversely affects the value of the Property. The preceding
<br />tv sentences shall not ap, Iy to the presence, use, or storage on the Property of small quantities of
<br />K .ardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />m,Iintenance of the Propert,, ( including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall prompt i\ gi\c Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />of thcr action by any governmental or regulatory agency or private party involving the Property and any
<br />H;:rardous Substance or nviroumental Law of which Borrower has actual knowledge, (b) any
<br />F-, ironmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />rci_;tse of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br />Havardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br />Initials:
<br />Y:.
<br />-6(NE) I000Sl Page 12 of 15 Form 3028 1/01
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