|
<br />200704727
<br />
<br />DOC ID *: 00016463810105007
<br />Ifall ~ oy partofthc Property or1ft)' Intorat in theProper1y i. sold orlrlnlferrcd (or IfBorn1wer is DOt
<br />a natural person and a beneficial iDtcrcst In Bonowcr illOld or trlnSfenwd) without Lendor'J prior written
<br />QOIlSCllt, Londor may require immediBte payrnoat in full of all tunIJ secured by this Security lnsnmll8l
<br />However. this o~on shall not be oxercited by IAatdtr if such exorcise ~ pmhibitcd by Applicable Law.
<br />If Lender exorcises this opdOD, Londor sbaO &lve, Bonower notice of accolerIticm. Tbe notice shall
<br />provide . perio4 of not leu thaD 30 days ftv;ml cho d(h !be notice it pveD in ICcordMce with Section 15
<br />within which Borrower must pay alllWDl secured by tbii ~ mlJlrumo.Dt. If Borrower &lis to pay tbac
<br />lIums prior to the expiJation of th.. period. Lender may Invoke any remedies permitted by th~ Security
<br />Instrument without further notice or demand on Bmrower.
<br />19. Borrower'11Upt to ..... After ~ratlo.. IfBotroww Dle8tJ oertain oonditioas, Borrower
<br />shall have the riaht to biwe onfon:omenl of'this Security Instnuneat discontinued It lID)' time prior to the
<br />earliest of: (a) five days bot'orc sale of the Property pursuant to any power of llaIe contalaod in thii Security
<br />Instrument; (b) suth other period. Applicable Law miabt specify tor tho tilrmirudion ofBonowet. right to
<br />rolnstate; or (0) cntly ofa judgment enforclaa th" Security Instrument. 1bosc cooditions are that Borrower:
<br />(a) pays Lender all sums wbiCh then would be duo- Ul'ldll' this Secutity Instrument and the Note lIS if llQ
<br />acce.Ieration bad 0ClCI1JTCd; (b) cures any de&ult of any other COVonlll1$ or agreemontI; (c) plfs all oxponsa
<br />inoumd in ecdbrcinl this SocurIty Instrument, incllldin&. but not limited to, ralI01ltblc at1DrnCyt' fees,
<br />propaty inspcc:don and valuation fees, md o1bef fees incIm'Cld for the purpoIO of protecting Londcr's interest
<br />in the Property and rights underthis Socurity Instrumctit; aGd (d)" such aotion as lAnder may reasonably
<br />require to assure thtI Lender's infllrest in tho Property IIld rishts UDder this Security Instrument, IIId
<br />Borrowcr's obllptlon to pay the sums soturod by this Security Instrument, shall continue unchan&ed. Lender
<br />may require that Bonuwcr pay sa reinstatement sums and cxpcDI05 in 011O or more of the fbllowm, fbnns,
<br />as sclllCted by Lender: <a) cash; (b) money order; (e) certifted chec~ bank cheCk, treasul'en cJ1cck or oUhlets
<br />check, provided any such check is drawn UpOn an iDatitutioD whose deposits ate insured by. f'eden1apncY.
<br />instrumentality or entity; or (d) E1ec:troaic Funds Transfer. Upoa reinstatement by Borrower, this Security
<br />Instnunent and obUptions secured boteby shadl nmsain fblly c<<cctiw as if no 1CCC1enW01l had ocllUrrod.
<br />However, tbls riaJrt to reiMtIto shalt not epply in tho case of accelnion under Socticm 18.
<br />B, Slle of Note; 0.. of Loa SInker; NotIa of Grievance. 'I1lo Note or a partial inunst ill the
<br />Note (to,ethor with this Security InI1rumeat) can be sold ODe or more times without prior notice to Borrower.
<br />A sale might rcsuJt in a chaop iD tho entity (known aa the "Loan Sorvlcer") thll: colleCts PerIodic Payments
<br />due under the Note and this Security lutnunentand perfanus other mortpp 10IJl ictVioins obligations under
<br />the Note, this $ccurlty InlttUlnCllt, and AppHClblc Law. There, also might be one or more chInpI of the Loan
<br />Scrvicer unrelated to a sale of tho Note. If there is a chanae of the Loan Serviocr, Borrower wUl be liven
<br />written notice of the -80 which win stldc the name and Iddrcss of the new Loan SCJVicer. tho addross to
<br />which paymcnt;r.shoulcl be made aDd uy other infonnation RBSPA rcquirM in oonllClCtJoft with a ROtic:e of
<br />transfer of servicing. If the Nab: f.s sold and thorca1\er tho Loah is serviced by a LoIn Scrviccr other than the
<br />purchaser of tho Nato. the mortp.p loan scrviciDa obJiptions to Bortowor will remain with the Lou Scrvicor
<br />or be tnwfemld to . IUCCCISOr l...oID Servicer and lItO IlOt llSlIumecI by tho Note purchUcr \1Illcss othorwbe
<br />provicled by the Note purchuc:r.
<br />Neither Borrower nor Lender may commence, join, or be joined to any. judicial 8Ctioft (II either an
<br />indivlduallitipnt or the member ola c1aa) that .... ftom the other party's actiona. pursuant to this Security
<br />Inatrument or thll: ,.JJegea that tho oth. party has bNacbed lilY ptoVision ot or any duty owed by reason of.
<br />this Scourity Instrumcat. until such Borrower or Lencler bas notified the other patty (with such notice gMn in
<br />compliance with tho rcquinmenta of Sec:tion 15) of such aUeatd bmeh and afforded tho other part)' horcto a
<br />reuortablc period after the ,ivilll of.- notice to take c:orr=iw lOtion. If Applicable Law pmvides a'timo
<br />period whicb mUlt elapse before certain action Cia t.! taken. that timo period wID be doomed to be nuouable
<br />for purposes of tb1s pIl'aJI'Ipb. The notice of acceleration and opportunity to cure given to Bonower pursuant
<br />to Section 22 and the notice of ac.celcnatioD liven to BoIrower pursuant to Soction 18 shall be deemed to
<br />satisfy the notice and opportunity to take eomctive action provisiou of this Section 20.
<br />21. Baa"'" S........ As \lied m this SllCtion 21: (a) "Hazardous Substancos" are thOle substances
<br />_fined as toxio or har.anSous subslaDccs, poUQumts. or wuta by Enviro~ Law and the followmg
<br />substances: guOlinc, kcroieoc, other ftanunable or toxic petrolcum ~, toxic pesticides IIld horbicidOll,
<br />volatile solvents, matcri'" CODtlIiaing IIbestos- or formaldehyde, and radioactive material.; (b)
<br />"EnYironmlllitIJ Law" means fedcnI law and laws of the jurisdiction where dac Property is located that relate
<br />to hoaItb, safety or environmental protection; (c) "Environmental Cleanup" includes any response action.
<br />romedialllCtion, or rcmOl'aI 'action. u deftDccl in Bbvlronmental Law; IDd (d) an "EnviromneataJ Condition"
<br />lIleansa condition that can cause, contribute to, or olherwiae triger an BrwironmontaI Cleanup.
<br />Borrower shall not cause or permit tho ~e. use. disposal, stor1p. or ....... of lilY Hazardous
<br />S~ or dueaum to ..... any Hazardous Subst8llccs, on or in die Property. Bonow. shall not do. nor
<br />allow anyone else 'to do, anything affitotiD& tho Propmy (a) that is In vtolatioa of any Bnviroamental lAw, (b)
<br />which creates III Environmental ConditiOn. or (c) which. clue to the presence, use, or releasc of. Huardous
<br />Substance. creates a COndition that Iclverse1y aft'ccts the value of the Property. Tbe preoedinS two sentences
<br />idIall not IIppIy to tho pl'IlIOIICC. U8O, or storI.ae on the Property of small quantities of HuanIous Substances
<br />that arc laterally rocopb:ed to k lIPPJOpriIte to IlOIJlW mideDtiaI u. IIId to mabrtcnanccl of tho Property
<br />(includina. but not limited to, huardoU8lU~ In consumer products),
<br />
<br />411&.eACH!) (0407) CHL (011II)
<br />
<br />,....of11
<br />
<br />'arm" '101
<br />
|