200600025 - Laserfiche WebLink

Browse

200600025 20. Sale of Note; Change of Loan Scrvim.-; Notice of Grievance. The Note or a partial il'ltcres[ in the Note (together with this Security Instrument) can be sold one or more times withol,l1 prior notice to Borrower. A sale might result in a change in the entity (knOwtl a.', the "Loan Servicct") that col)~ Periodic Payments due under the Note and this Secwity In.'ill1lment and performs other mortgage 10011 l!ervicing obligations under the Note, this Security Instrument. and Applicable Law. There also might be one or more ch.snges of the Loan $t.'TViccr unrelated. to a sale of the Note. If there ig a change of the Lam &"l'Vicer, Borrower Win be given written Dotice 0[' the change wIDell will state the name and address of the new Loon Sc;rrvicer, the address to which payments should be made and any other information RESPA requires ill connection with a potice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Serncer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicct or be transferred to a su~or Loan. Serviccr and are not <'\ss1)ffied by the Note purchaser unlc&.~ otherwise provided by the Note purchaser. Neither Borrowet 1\Ot Lender may commence, join. or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from. the other party I S actions purswmt to thig Security Instr\,lment Ot that alleges that the other party has breached lIIlY provision of. or m'ly duty owed by reason of. this Security Insw~t. lll'1Iil such Borrower or Lc:nder has notified th~ other party (...nth such potice given in compliance with the requirements of.Section 15) of such alleged breach and afforded the olhc:t parry heretO a l'ca.~ble period after the giving of such lIOtice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be Uiken, that time period will be deemed to be ~lc for purpose~ of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleMltion given to Borrower pUT$LW1I to Section 18 shall be deemed to satisfy the nOtice and opportunity to take corrective lic.:tion provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Submanccs~ are those substances de1incd as toxic or hazardous substances, pollutant&. or wastes by Envirom'liC1ltal Law and the following substaJ1ces: gasoline, kerosene. other flammable or toxic petroleum produd.'l. toxic pesticides and herbicides, volatile solven~. malcrials containing asbestos or formaldehyde. and radioactive materials; (b) "EnviroIJIDerlt<ll Law" means federal laws llIld laws of the jurisdictio:J:l where the Propeny is located that relate to health, safety or envlroJJlXlentlll protection; (c) "EnvironmCI'1ta1 Cleanup" includes any response actioD. remedial action, or retrlOval action, as defioed in Environmental Law; ~ (d) an "ED~n;mJIII:.:Iltal Condition" meaDS a condition that can ca\L'$C, contribute to, or otherwise trigger an E1\vironmental Cleanup. Borrower shall not cause or permit the prest.oncc. use, disposal, stotage, or release of any Hazardous Substances. or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do. nor anow 8tIyone else to do. anything affectiJlg the Property (a) thal is in violation of any Enviromlll:mtal Law, (b) which creatt::l:lm Environmeutal Condition, or (c) which. due to the presence, use, or release of a Hazardous Substanee, creates a condition that adversely affects the value of the Property. The preceding two S1;:ntc:nces shall oot apply to the presence, use, or storage em the Property of small quantitit:s of Hazardous Subst<mccs that are generally recognized. to be appropriate to notmal residential uses and to maintenance of the Property (i,ncluding, but Dot limited to, hW.NdoLJ.'l substances in eonsumer produc(.~). Borrower shall promptly give Lender written notice of (a) any investigation. claim, dem;md. lawsuit or other acHon by any gover:nmeotal or regula10ry agency or private party involving the Property and any Hazardo1.1s Substance or Environmental Law of which Borrower has acmal knowledge, (b) any Environmental Condition. including but not limited to. my spilling, leaking, discharge, release or tbreaJ. of release of any HaZMdous Substance. and (c) any condition caused by the pre~:I1C:e, use or release of a Hazardou..'\ Substance wbich adversely afff;lC1..'> the value of thePtoperty. If Borrower leams. or is notified by any governmental or regulatory authority, or any private party, thal any removlll or other remed.iatio1\ of any Hazardous Substance lIffecring the Propctty is necessary, Bo1'I'ower shall ptompdy take wI necessary remedial lictions in accordance with Environmental Law. Nothing herein shall creatt: any obligation on Lender fot an Envirom:nental Cleanup. RU Ind~I3}f(1J 0512096854 Gt-8A(NEII~1l71 P"IIe 12 Ol'~ Form 302a '/0' 8vO.d 1081882918 31~I~ ~SHI~ ^~IHn03S L8:81 9002-91~03a