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<br />200702312 <br /> <br />shall remain f"UHy effective as if no acceleration had occurred. However, this right to reinstate shall not <br />apply in the case of acceleration under Section 18. <br />20. SaIl;! or Note; Change of Loan Servicer; Notice ot Grievance. The Note or a partial interest in <br />the Note (together with this Security Instrument) can be sold one or mOre times without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that colltlets <br />PeriOdic Payments due under the Note and this Security Instrument and performs other mortgage loan <br />servicing obligations under the Note, this &>cutity Instrument. and Applicable Law. Thete also might be <br />one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan <br />Servicer, Borrower will be given written notice of the change which will state the name and address of the <br />new Loan Servicer, the address to which payments shoald be made and any otller information RESl'A <br />requires in connection with a notice of transtt.'T of servicing. If the Note is sold and thcreafter the Loan is <br />serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Set1/icer 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 iIn <br />individual litigant or the member of a class) that arises from the ather party's actions pursuant [0 this <br />Security Instnmlcnt or that alleges that the other party has breached any provision of. or any duty owed by <br />reason of. this Security Instroment, until such Borrower or Lender has notified the other party (with such <br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded 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 elilpsc before ccnain action can be taken, that time <br />period will be deemed to be reasonable for purposes of tl1is paragraph. The notice of acceleration and <br />oppommity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to <br />Borrower pursuant to Section l8 shall be deemed to satisfy the notice and opponunity to W::e corrective <br />action provisions of this Section 20. <br />21. Hazardous Substan~. As m;ed in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances. pollutants. or wastes by Environmental Law and tho <br />following sllbstances: gasoline. kerosene, other flammable or toxic perrolelJIn products. tOX1C pesticides <br />and. herbicides, volatile solvents, Il1:'lteriaIs LloIltaining asbestos or formaldehyde, and radioactive materials; <br />(b) "Environmental Law" means feaerallaw5 and laws of the jurlsdiction where Ule Property is located that <br />relate to health, safety Or envirolUnent.'Il protection: (e) "Environmental Cleanup" includes allY response <br />action, remedial action, or removal action. as defined in 'Environmental Law; and (d) an "Environmental <br />Conclition" means a con clition that can cause, contribute to. or otherwise trigger an Envirownental <br />Cle.1Ilup. <br />Borrower shall not cause or pennit the presence. use, disposal, storage, Or release of any Hazardolls <br />Substances, or threaten to release any Hazardous Substances. on or in the Propeny, Borrower shall not do, <br />nor allow anyone ebe to do, anything affecting the Property (a) that is in violation of any Environmental <br />Law. (b) which creates an Environm.c:L1taI Condition. or (c) which. due to the presence, use, or release of a <br />Hazardous Substance, creates a condition that adversely affects the value of the Property. The prl."Ceding <br />two sentences shall not apply to the presence, use. or storage on the Property of small qU81ltities of <br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses aml to <br />maintenance of the Property (including, but not limited. to. hazardous substances in consumer products). <br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit <br />or other action by any governmental or regulatory agency or private party involving the Property and any <br />Huardous Substance or Envirorunental Law of which Borrower has actual knowledge, (b) any <br />Environmental Condition, inch.ltUng but not limited to, any spilling. leaking, discharge, release or threat of <br />release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a <br />Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified <br /> <br />,nlll.l.lJl ;:16 <br /> <br />_ -6INI!IIOOO61 <br /> <br />PaDe l:l 01 16 <br /> <br />Form 3028 1/01 <br />