|
<br />t.. 00-' 10 I &4 'I
<br />shall X'ema1.n fully effective as if no actelera.tion had occurred. However, this tight to reinstate shall not
<br />apply in the case of acceleratiOI,l, under Section 18.
<br />20- Sale of Note; Change of Loan Servicer; Notice of Gtievance. The Note or a panial interest in
<br />the Note (together with this Security Instrument) c:;m be ~old one Or xnore times without prior notice to
<br />Borrower. A sale might result in a cJ:\IDlge in the entity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security lnsUl.JIJJ.ent and perfOI1Il.S otb.e:r: mortgage loan
<br />servicing obligations under the Note, this Security fustru:me:nt, and AppliCable Law. There 31so might be
<br />one or more changes of we LoiW Servic.er 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;(lame and add.ress of tbe
<br />new Loan Servicer, the address to which payments should be made and any other info:tm1tion RESPA
<br />requiI,"es in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />seIYiced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the Loan SetVicer or be transferred to a. successor Loan Servicer and are not
<br />assl,U),1ed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower nor Lender may commence, joio, or be joined to any jud.icial action (as either an
<br />individual litigant Ot the member of a Class) that arises from the other pany's actions pursuant to this
<br />Security Instrl.1ment or that alleies that the other patty has breached. :m}' provision of. or ;my duty owed by
<br />reason of, this Security Instrument, uotH $Ueb Borrower or l&Dd~ ta.s notified the other pi!J:ty (with such
<br />notice given in compliance with the requirem.en.ts of Section 15) of sucb alleged breach and afforded the
<br />other party hereto a reasonable period. after the giving of such notice to take cortective action- If
<br />Applicable Law provide$ a tixne period which ro;l,l$t elap$e before certain action can. be taken, that time
<br />period will be deemed 10 be reasonable for purposes of this paragraph. The notiCe of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
<br />Borrower PUl'tm3Dt to Section 18 shall be deemed to s~ti$f:y the 1'l.otice and opportumty to take corrective
<br />action provisions of this Section :ZO.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petrolewn products, toxic pesticides
<br />and herbicides., volatile solvents, materials coma.imIi8 asbestos or formaldehyde, and r!dio~ctive materials;
<br />(b) ":EnvirQrun~t;U Law" means federal laws and lllW.s of the jurisdiction where the Property is located that
<br />relate to health, SUtty or environmental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, Or removal action, as dermed in EnvirOtu:llental Law; and (d) an "Enviroronenr.al
<br />Condjtio;n" means a condition that can cause, contribute to, or otherwise trigger an. Environmental
<br />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 - 'Sorrower shall not do,
<br />nor allow anyone else to do, anything affecting the PtOperty (a) that is in violation of any Enviromnental
<br />Law, (b) which Creates an EnvironmenW Condition, or (c) which, due to the prese:uce. use. Ot telease of a
<br />Hazardous Substance, Creates a condition that adversely affecrs the value of the Property. The preceding
<br />tWO sentences shall not apply to the presence, use, or storage 0:0. the Property of small quantiti~ of
<br />Hazardous SubstMces that are generally reco~Iiized to be appropriate to normal residential uses and to
<br />maintenance of the PtOperty (including, but not liznited to. hazardous substances in COnSl.lroer 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 />Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
<br />Environmental Condition. inclUding bur 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, u~e or release of a
<br />Hazardous SubstllIlce which adversely affects the value of the Propeny. If Borrower learns, Or is notified
<br />
<br />_-GINE} (0005l
<br />~
<br />
<br />I'~g~ 1:201 16
<br />
<br />I~"I.I~C j
<br />":sv
<br />
<br />Fclrm 3023 1[01
<br />
|