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200603224
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200603224
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Last modified
4/12/2006 4:19:33 PM
Creation date
4/12/2006 4:19:32 PM
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DEEDS
Inst Number
200603224
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<br />200603224 <br /> <br />shall remain full) dlecllve as if no acceleration had occurred HO\\e\er. this r1s:ht to reinstate shall not <br />apply in the case of acceleration under Scetion 1 f.;. <br />211. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial intcrcst in <br />the Note (together with this Security Instrument) can be sold one or lllore times without prior noticc to <br />Borrowl:r. A sale might ITsUIt in a change in the l:ntity (known as the "Loan Servicer") that collects <br />Periodic Payments due under the Note and this Security Instrument and performs other lllortgage loan <br />servicing obligations under the Note, this Security Instrument and Applicable Law. There also might be <br />one or more changl:s of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan <br />ServiceI'. Borrower will be given written notice of the changc which will state the name and address of the <br />new Loan Servicer. the address to which payments should be made and any other information RESP A <br />rl:quires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is <br />serviced by a Loan Snvicer other than the purchaser of the Note. the mortgage loan servicing obligations <br />to Borrower will remain with the Loan ServiceI' or be transferred to a successor Loan Sl:rvicer and arc not <br />assuml:d by the Note purchaser unless othcrwisc provided by the Note purchaser. <br />Neither Borrowcr nor Lcnder may commcncc. join. or be joined to any judicial action (as eithn an <br />individual litigant or the member of a class) that arises from thc other party's actions pursuant to this <br />Security InstHunent or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of: this Security Instrument, until such Borrower or Lender has notified the other party (with such <br />notice given in compliance with the requirements of Section 15) of sllch alleged breach and afflmlcd the <br />other party hereto a reasonable period after the giving of such notice to take corrective action. If <br />Applicable Law provides a time period which must elapse bd'()re certain action can be takcn, that time <br />period will bl: tkelned to be reasonable for purposes of this paragraph. The notice of acceleration and <br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Section ] f.; shall bl;; 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) "H azardous Substances" arc those <br />substances defined as toxic or hazardous substances. pollutants, or wastes by Environmental Law and the <br />t,()llowing substances: gasoline, kerosene, other tlammable or toxic petroleurn products, toxic pesticides <br />and herbicides, volatile solvl:nts, materials containing asbestos or f'()J'JTJaldehyde. and radioactive materials; <br />(b) "En vironmental Law" means federal laws and laws of the jurisdiction where the Property is located that <br />relate to hl:alth. safety or environml:ntal protection; (c) "Environmental Cleanup" ineludl;;s any response <br />action. remedial action, or removal action. as defined in Environmental Law; and (d) an "Environmental <br />Condition" means a condition that can cause. contribute to. or otherwise trigger an Environmental <br />Cleanup. <br />Borrower shall not cause or permit the presence. use, disposal, storagl:. or release of any Hazardous <br />Suhstancl:s, or threatcn to releasl: 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 />Law. (b) wllich creates an Environmental Condition. or (c) which, dUl: to the preSl:I](;l:, usc. or releaSl: of ,I <br />Hazardous Substance. ereates a condition that adversely affects the value of the Property. The preceding <br />two Sl:ntenees shall not apply to the prcsl:ncl:. use. or storage on the Propl:rty of small quantities of <br />Hazardous Substances that arc generally recognized to be appropriate to normal residential uses and to <br />maintenance of the Property (ineluding. but not limited to, hazardous substances in consumer products)_ <br />Borrower shall promptly give Lcnder writtl:n notice of (a) any investigation. claim. demand, lawsuit <br />or othl:r action by any governmental or regulatory agency or private party involving the Propl:rty and any <br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (h) any <br />Environrnental Condition. including but not limited to. any spilling. leaking. discharge, release or threat of <br />release of any ]-Iazill'dous Substauce, and (c) any condition caused by thc plTsence. usc or releasl: of a <br />Hazardous Substancl: which adversely affects the value of the Property. If Borrower learns. or is notified <br /> <br />C'I. <br />Initiflls: Yl <br />-_.....,,'"'-- <br /> <br />0110247970 <br /> <br />. -6(NE) (11-111 Ii_III <br />(~) <br /> <br />Pm0. 1;'> of 15 <br /> <br />Fonn 3028 1/01 <br />
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