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<br />200700020
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<br />DOC ID #; 00015406425412006
<br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not
<br />a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written
<br />consent, Lender may require immediate payment in filII of all sums secured by this Security Instrument.
<br />1I0wever, this option shall not be exercised by Lender if such exercise is prohibited by ^pplicable Law.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
<br />provide a period of not less than 30 days from the date thc notice is given in accordance with Section 15
<br />within which 13orrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these
<br />sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security
<br />Instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reinstate After Acceleration. I f Borrower mects certain conditions, Borrowcr
<br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the
<br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Sccurity
<br />Instrument; (b) such other period as ^pplicable Law might speeiry for the termination of Borrower's right to
<br />reinstate; or (c) cntry of a judgment enforcing this Security Instrument. Those conditions are that 13orrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no
<br />acceleration had occurred; (b) cures any default of any other eovcnants or agrccments; (c) pays all expenses
<br />incurred in enforcing this Sccurity Instrument, including, but not limited to, reasonable attorneys' fees,
<br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest
<br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonahly
<br />require to assure that Lender's intercst in the Property and rights under this Security Instrument, and
<br />Borrower's ohligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender
<br />may require that 13orrower pay such reinstatcmcnt sums and expenses in one or more of the following forms,
<br />as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
<br />instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security
<br />Instrument and obligations secured herehy shall remain fully effective as if no acceleration had occurred.
<br />Ilowever, this right to reinstate shall not apply in thc 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 sold one or morc times without prior notice to Borrower.
<br />A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments
<br />due under the Note and this Security Instrument and performs other mortgage loan servicing ohligations under
<br />the Note, this Security Instrument, and Applicahle Law. There also might be one or more changes ofthe Loan
<br />ServiceI' unrelated to a sale of the Note. If therc is a change of the Loan ServiceI', Borrower will he given
<br />written notice of the change which will state the name and address of the new Loan ServiceI', the address to
<br />whieh payments should bc madc and any other information RESPA requires in connection with a notice of
<br />transfer of servicing. J f the Note is sold and thereafter the Loan is serviced by a Loan ServiceI' other than the
<br />purchascr of the Note, the mortgage loan servicing obligations to 130rruwer will remain with the Loan Servi<:er
<br />or be transferred to a su<:cessor Loan S<:rvi<:<:r and are not assumed by the Note purchaser unless otherwise
<br />providcd by the Note purchaser.
<br />Neith<:r Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant or the memher of a class) that arises from th<: other party's actions pursuant to this Se<:urity
<br />Instrument or that alleges that the other party has breached any provision ot: or any duty owed by reason of:
<br />this Security Instrument, until such Borrower or Lender has notifi<:d the other party (with su<:h noti<:<: giv<:n in
<br /><:omplian<:e with the requirements of S<:ction 15) of such alleged breach and afforded the other party hereto a
<br />reasonahle period after the giving of such notice to tak<: <:orredive action. If Appli<:able Law provides a timc
<br />period which must elapse hefore certain action can be taken, that time p<:riod will be deemed to be reasonable
<br />for purposes of this paragraph. The notice of ae<:eleration and opportunity to cure given to Borrow<:r pursuant
<br />to Section 22 and the notice of acceleration given to Borrower pursuant to Sedion I S shall be deemed to
<br />satisfy the noticc and opportunity to take corrcctive action provisions of this Section 20.
<br />21. Hazardous Substances. As us<:d in this Section 21: (a) "Hazardous Suhstances" are those suhstances
<br />dcfined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following
<br />substances: gasoline, kerosene, other flammable or toxi<: petroleum products, toxic pcsticides and herbicides,
<br />volatik solvents, matcrials containing ashestos or formaldehyde, and radioactive materials; (b)
<br />"Environmental Law" m<:ans kderallaws and laws of the jurisdiction where the Property is located that relate
<br />to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action,
<br />rcmcdial action, or r<:moval action, as dcfined in Environmental Law; and (d) an "Environmental Condition"
<br />means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any IIazardous Substan<:es, on or in the Property. 130rruwer shall not do, nor
<br />allow anyone else to do, anything aftecting the Property (a) that is in violation of any Environmental Law, (h)
<br />which creates an Environmental Condition, or (c) which, due to th<: pr<:sen<:e, use, or release of a IIazardous
<br />Substan<:<:, <:rcates a <:ondition that adversely affeds thc valuc of thc Propcrty. The pr<:<:cding two s<:ntenccs
<br />shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances
<br />that arc gen<:rally re<:ogniz<:d to be appropriat<: to normal residential us<:s and to maint<:nan<:e of the Property
<br />(induding, but not limited to, hazardous substances in consumer products).
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