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<br />200707602
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<br />inslrulnelltality 01' entity; or (d) Electronic I'unds Transfer. Upon reinstatement by Borrower, this Security Instrllment dnd
<br />obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right 10 reinsldte shdll
<br />not apply in the case of acceleration under Section 18.
<br />20. Sale of Notej Change of Loan Servicerj Notice of Grievance. The Note or a partial interest ill the Note (together
<br />with this Secnrity Instrument) can be sold one or more times without prior notice 10 Borrower. ^ sale IIlight res II It in a change
<br />ill the entity (kllown as the ""Loan Servicer") that collects Periodic Payments due under the Nole and this Security IllSlrnl1ll~llt
<br />i\lld perrortns olher mortgage loan servicing obligations under the Note, this Security Instrument, and ^pplicable LdW. Thel'e
<br />dlso might bc' Oil,' 01' more changes of the Loan ServiceI' unrelated to a sale of the Note. ]1' there is a change or the LO~lil
<br />Servieer, Borrower will be given written 1I0tice of the change which will state the name and address of the new Loan ServiceI'.
<br />Ihe address to which payments should be made and allY other inforJllalion RESP^ requires ill connection with a notice or
<br />transfer of servicing. If the Note is sold and thereafter the Loan is serviced by ;1 Loan ServiceI' other than the pnrchaser or the
<br />Note, the mortgage loan servicing oblig;t1jons to Borrower will relllain with the Loan Servicer or be transferred to a Sllcc<.:ssor
<br />Loall ServiceI' and are not assullled by the Note pun.:haser nnless otherwise provided by t]le Note pnrchaser.
<br />Neither Borrower nor Lemler may Conll)leIlCe, join, or he joilled to any jlldicial action (as <.:ith<.:r all illdiviclllal litigant or
<br />Ihe IIlelnher or a class) that arises from the other party's a<::tions 11In,II;\Ilt to Ihis Secllrily Tllstnlinellt or that alleges Ihat tile
<br />(lllll,r 11;ll'Iy has ['reached any provision or, or any duty owed by re;lson or, this SeulrilY InstnIl1l<:111, nntil sllch BOITower or
<br />Lc~ll(kr lias Ilotiried tlie Olh~r party (with such notice given in compliance witli the requirements of Section IS) or snch ;t1leFed
<br />breacli and afforded the other pal1y hereto a reasonable period after the giving of such noti<::e to take corrective act ion, 11'
<br />Applicahle Law provides a time period which lIJl1st elapse before certaill action can be taken, that time period will be (kenwd
<br />10 be reasonable for purposes of this paragn1ph, The notice of acceleration and opportllnity to cme given to Borrower pursuant
<br />10 Sect iOIl 22 and the notice of ac<::eIer;\tion given to Borrower pllrsuanl to Section 18 shall be deemed LO satisfy tlie 1101 ice and
<br />opportlllliLY 10 take correcti ve aCliou provisions of this Section 20.
<br />21. lIaZ~lrdOllS Substances. As used in this Section 21: (a) "Hazardous SlIbstnnces" arc Ibose snbstanees derinl'd as
<br />toxic or bal.ardollS substan<::es, pollutants, or wastes by Environmental Law and the following Substnllces: gasoline, kenlsellc'.
<br />other f1amlnabIe or toxic petrolenm products, toxic pesticides and herbicides, vo]atile solvents, nwterinls eonlainin? aslwstos or
<br />formaldehyde, and radioacti ve materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where tlte
<br />Property is located that relate to health, safety or environmental protection; (c) "Environmental CIeanup" il1(;ludcs any respilllsl'
<br />action, n.:medial action, or removal action, as defined in Environl1lental Law; and (d) an "Environmental Condition" ml~ans a
<br />condilioll Ilwt ClIl <::ause, contribute to, or otherwise trigger an Environmental CIeanup.
<br />Borrower sliall not cause or p<:rmit the presence, use, disposal, storage, or release of nny IIiIL,anlOIlS Snhslanees, or
<br />Iltrl~;llell to r('kils,~ ;Iny Hazardous Substances, on or in the Property, Borrower shallnol do, nor allow anYOlle elsl~ 10 do.
<br />;lllylltillg alleetllll' tlie Property (a) thar is in violation of any Environmental Law, (b) wltich neall'S ;\11 EnvinJlnnelltal
<br />(\JlHlitioll, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a c:ondition thai adwrsdy affc:cls
<br />tlte value or the Property, The pr~cedillg two sentences shall not apply to the presence, nse, or slorage on llie Property of slll<.1I1
<br /><]uantiti<:s of Hazardous Substances that are generally recognized to bl~ appropriate to 1I0l'lnal r.csidelltial uses and 10
<br />Inaintellance of the Property (inclnding, but not limited to, haz,ardons slll)sl;lIICeS ill consumer products),
<br />Bormwer sltall promptly give Lender written notice of (a) any invesligatioll, clainl, (Ielll;llld, lawsuit \)1' other acliou hy
<br />;\llY goVerJllllt'nlal 01' rcgulatory agency or private party involving the Property ;\11<1 any Hazardons Substance or Envirunlllelll;t!
<br />Law ur whiclt ]jcrrower has actual knowledge, (b) any Environmenta] Condition, including lHlt not lilllited 10, allY spilling.
<br />IC<lking, di~,c1l<lrt":' rekase or threat of release of any Hazardons Substance, and (c) any condition caused by the presellce, IISC
<br />l)r release of a IIHl.ardolls SlIbstance which adversely affects Ihe vallie of the Property. If Borrowcr learns, or is 1I0tified hy <IllY
<br />governmental or regulatory authority, or any private party, that any relllova] or other remediation of any IbZ<lrdolls SlIbSlallce
<br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in acconlallce Willi
<br />Environmental Law, Nothing herein shall create any obligation on Lender for an Environmental Ckanllp
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<br />NON--UNIFORM COVEN^NTS, Borrower and Lender further covellant and agree as follows:
<br />21. Accell'i'atiol1; Rcmedies. Lender shall give notice to Borrower prior to atTelcratiOlJ following Borrower's
<br />hlTach of an~' covenant or agreement in this Security Instrument (but not prior to acceleration undcr Sedion IS unless
<br />Applkahlc Law provides otherwise). The notice shall specify: (a) thc default; (h) the action required to ('ure the default;
<br />(c) a date, not less than 30 days f!"Om the date the notice is gin'n to Borrower, by which the default must be l~ured; ~lIHI
<br />(d) that failure to cure the default on or hefore the date specified in the notice may result in an~d('ration of the snms
<br />secured by this Security Instrument and sale of the Property. The notke shnll further inform Borrower of the I'ight to
<br />reinstate al'ler acedemtion and thc dght to bring a court action to assel"t the non--existt,I1t'(' of a default or allY otlier
<br />defense 01' Born)\\el' to accderatiol1 and sale. If the default is not eured 011 or befon' the dale spceil'ied in thl' notice,
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<br />'1FI\I,: A~K^-.~\I'!'i,' i'illllily-Fannic !\Iac/Frl,tdil' Mac ONIFORlVlINSTRUl\lENT
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<br />1'01'111 J02H J/OJ
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<br />IITJA 126881.10 (030B)-MEf<S
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<br />(I','ge /0 If 12 Iwges)
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<br />GflEMI.N"U.
<br />Tu O"ler C,II: 1-1100 530 9393 [] hlX: H Hi.I'11.1m
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