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200601775 shall rellwin fully effective as if no acceleration had occurred. However.. this right to reinstate shall not apply in the case of acceleration under Section l:-l. 211. Sale of Note; Change of Loan Servi.cer; Notice of Grievance. The Note or a partial interest in the Note (togcther with this Security Instrument) can be sold one or more times without prior noticc to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments duc under thc Note and this Security Instrument and performs other mortgage loan servicing obligations undcr the Notc, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan ServiceI' umelated to a sale of the Note. If there is a ehangc of the Loan ServiceL Borrower will be given written notice of the ebange which will state the name and address of the new Loan Servieer. the address to which payments should bc made and any other infonnation RESPA n:quires in connection with a notice of transfer of servicing. If thc Note is sold and thcreafter the Loan is serviced by a Loan ServiceI' other than thc purchaser of the Note, the mortgage loan servicing obI igations to Borrower will relnain with the Loan ServiceI' or bc transferred to a successor Loan ServiceI' and arc not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor 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's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of or any duty owed by reason of, this Security Instrumcnt, until sllch Borrower or Lender has notifIed the other party (with such noticc givcn in compliance with the requirements of Section 15) of such allegcd breach and atl(H-ded the other party hereto a reasonable period after thc giving of such notice to takc corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 1 ~ shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Suhstances. As used in this Section 21: (a) "Hazardous Substances" arc those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the f()llowing substances: gasoline. kerosenc, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents. materials containing asbestos or formaldehyde. and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmcntal protection; (c) "Environmental Cleanup" ineludes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an II Environmental Condition" means a condition that can cause. contribute to. or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances. or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do. anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (cl which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value or the Property. The preceding two sentenccs shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized (0 he appropriate to normal residential uses and to maintenance of the Property (ineluding. but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (al any investigation, claim, demand. lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental La\v of which Borrower has actual knowledge, (b) any EnvironlTlental Condition. including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence. use or relcase of a Hazardous Substance which adversely atIects the value of the Propcrty. If Borrower \carns. or is notified P"Je 1 2 of 1 5 Initia,s:Il.;>>/? V.B.;f1 0110247550 .-6(NE) (0407).01 @ Fonn 3028 1/01