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<br />200706183
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<br />DOC ID #: 00017594299007007
<br />If all or any part of the Property or any Interest in the Property is sold ortransferrcd (or if Borrower is not
<br />a natural person and a beneficial interest in Borrower is sold or transfcrrcd) without Lendcr's prior written
<br />consent, Lender may require immediatc payment in full of all sums secured by this Security Instrument.
<br />Howcvcr, this option shall not bc exercised by Lender if such exercise is prohibitcd by Applicable Law.
<br />If Lcnder exercises this option, Lender shall give Borrower notice of accelcration. The notice shall
<br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15
<br />within which Borrowcr must pay all sums securcd by this Security Instrumcnt. 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. If Borrower meets certain conditions, Borrower
<br />shall have the right to havc enforcement of this Security Instrument discontinued at any timc prior to the
<br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security
<br />Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to
<br />reinstate; or (c) cntry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be duc under this Security Instrument and thc Note as if no
<br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
<br />incurred in enforcing this Security Instrument, induding, but not limited to, reasonable attorneys' fees,
<br />property inspection and valuation fees, and othcr fees incurred for the purpose of protecting Lender's intercst
<br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably
<br />require to assure that Lender's interest in the Property and rights under this Security Instrument, and
<br />Borrower's obligation to pay the sums secured by this Security Instrumcnt, shall continue unchanged. Lender
<br />may require that Borrower pay such reinstatement sums and expcnscs in one or morc of the following forms,
<br />as selectcd 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 cntity; or (d) Electronic Funds Transfer. Upon rcinstatement by Borrower, this Security
<br />Instrumcnt and obligations secured hereby shall remain fully effective as if no acceleration had occurred.
<br />However, this right to reinstate shall not apply in the 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 Instrumcnt) can be sold one or more times without prior notice to Borrower.
<br />A sale might result in a change in the entity (known as the "Loan Serviccr") that collects Periodic Payments
<br />due undcr thc Note and this Sccurity Instrument and performs other mortgage loan servicing obligations under
<br />the Note, this Security Instrument, and Applicable Law. Therc also might be one or more changes of the Loan
<br />Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given
<br />written notice of the change which will state the name and address of the ncw Loan Servicer, the address to
<br />which payments should be made and any other information RESPA requires in connection with a notice of
<br />transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the
<br />purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Serviccr
<br />or be transferred to a successor Loan Scrvicer and are not assumed by the Note purchaser unless otherwise
<br />provided by the Note purchaser.
<br />Neithcr Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a elass) that arises from the other party's actions pursuant to this Security
<br />Instrument or that alleges that thc other party has breached any provision of, or any duty owed by reason of:
<br />this Security Instrument, until such Borrower or Lender has notified thc other party (with such notice given in
<br />compliance with the requirements of Section 15) of such allegcd breach and afforded the other party hereto a
<br />reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time
<br />period which must elapse before certain action can be taken, that time period will be deemed to be reasonable
<br />for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant
<br />to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to
<br />satisfy thc notice and opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances
<br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following
<br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides,
<br />volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
<br />"Environmental Law" means federal laws and laws ofthe jurisdiction where the Property is located that relate
<br />to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action,
<br />remedial action, or removal action, as defined 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 Hazardous Substances, on or in the Property. Borrower shall not do, nor
<br />allow anyone else to do, anything afleeting the Property (a) that is in violation of any Environmental Law, (b)
<br />which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous
<br />Substance, creates a condition that adversely aflects the value of the Property. The preceding two sentences
<br />shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances
<br />that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property
<br />(including, but not limited to, hazardous substances in consumer products).
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<br />CIi -6A(NE) (0407)
<br />
<br />CHL (08/05)
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<br />Page 9 of 11
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<br />Form 3028 1/01
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