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200702415
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200702415
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Last modified
3/27/2007 4:53:47 PM
Creation date
3/27/2007 4:53:45 PM
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DEEDS
Inst Number
200702415
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<br />200702415 <br /> <br />shall remain fully effective as if no acceleration hact occurred. However, this right to reinstate llhall Mt <br />apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change ot Loan Servicer; Notice of Grievance. The Note or a partial intert!st in <br />the Note (together with this Set.\urity Instrument) can be sold one or more times without prior notice to <br />Borrower. A sale might result in a change in me entity (known as the "Loan Servicer") that coHeets <br />Periodic Payment..~ dIle under the Note and this Security Instrument and performs other mortgage loan <br />sorvicing obligations under the Note, this Security Instrument, and AppliciWle Law. There 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. l3orrower will be given written notice of tbe change which w1ll state dle namf;l and addre$S of the <br />new Loan Servicel", the address to which payments should be made and any other information RESPA <br />requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is <br />serviced by a Loan ServiceI' other than the purchaser of the Note, the mortgage loan servicing oblIgations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servieer an4 are not <br />assumed by the Note purchasf;lr unle$s otherwise provided by the Note purchaser_ <br />Neither J:!Otrower nor Lender may commence, join. or be joined to any judicial action (as either an <br />individual litigant or the member ot' a class) that arises from the other -partY's actions pursuant to this <br />Security Imllrument or that alleges that the other party has bre..'I.ched any provision of, or llny thHY owed by <br />reason of, this Secwlty In5tmT'l'lent. until such Borrower or Lendt:r has notified the other party (with such <br />notice given in compliance with the requiremems of Section 15) of such alleged bre:ach and afforded the <br />other party hereto a reasonable period after dle giving of such notice to tllke corrective action. If <br />AppH.;:ablc Law provides a time period which must el<lpsc before certain action can be taken. that time <br />period will be deemed to bl:! reasOnable for purposes of this paragraph. The notice of acceleration and <br />opportunity to Cure given to Borrower pursuant to Section 22 an4 the notice of acceleration given to <br />Borrower pursuant to Section 18 shall be deemed to s&tisfy the notice and opponunity to take corrective <br />action provisions of this Se~tion 20. <br />Zl. HazardoQs Substances. As used in this Secdon 21: (n) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, pollutants, or wa."tcs Py Environmental Law ffild the <br />following substances: gasoline, kel'Osene. othr:r Hamrnable or toxic petroleum products. toxic p<!sticides <br />and herbicides, volatile solvents, materials containing asbestos or fOlmaldehyde. and radioactive materials; <br />(b) "Environmental .Law" means federal laws and laws of the jurisoiction where the Propeny islolWateU that <br />relate to hea1Ul , safety Clr environmental protection; (c) "Envirorunental Cleanup" inclwJos any response <br />action, remedial action. or removal action, as defined in Environmental Law; an4 (d) an "Environmental <br />Condition" means a condition that can cauSl;l. contribute to, or otherwise trigger an Envin.mmcntll1 <br />Cleanup. <br />BOrrower shall not cause or permit the pres1mee, use, disposal. storage. or release ot" any Hazardous <br />Substances, or thre1;lton to release any Hazardolls Substances. on Or in the Property. Borrower shall not do. <br />nOr allow aJlyone else to do, anything affecting the Property (a) that is in violation of any Envirownental <br />Law, (b) which create$ an Environmental Condition. or (c) which. due to the presence, use. or release of lit <br />Har..trdo\1s Substance, creates a condition that adversely affects the value of the Property. The preceding <br />two sentences shall nor apply to the presence. use, or storage on Ute Property of small quantities of <br />Hazardous SUbstances that are generally recogni7.ea to be appropriate to nonnal resioential uses and to <br />maintenance of the Propl:!ny (inCluding, but not limited to. hazardous sl~bstances in consumeJ" products). <br />BorrOwer shall promptly give Lender written notice of (a) any investigation, claim, clemand. lawsuit <br />or other action by any governmental or regulatory agency or private pany involvlllg the Property and any <br />HaZc1fdous SUbstance or Environmental Law of which Borrower has actual l..lOwtcdge. (b) any <br />Environmental Condition, including but not limited to, any spilling, leaking, discharge. release or threat of <br />retease of allY Hazardous Substance, and (e) any conailion caused by the presence, u~e or release of a <br />Hazardous Subs lance which adversely affects the value of the Property. If Borrower learns. or is notified <br /> <br />.. -!SINE) 100061 <br />cj) <br /> <br />''1III~I~~N <br /> <br />P~9'll~ 0115 <br /> <br />Form 3028 1/01 <br />
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