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<br />200801723
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<br />shall remain fully effective as if no acceleration had occurred. However, tlIis right to reinstate shall not
<br />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
<br />the Note (together WitlI tlIis Security Instrument) can be sold one or more times witl10ut prior notice to
<br />Borrower. A sale might result in a change in tlle entity (known as the "Loan Servicer") tlIat collects
<br />Periodic Payments due under tl1e Note and this Security Instrument and perfoffils oilier mortgage loan
<br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be
<br />one or more changes of the Loan Servicer unrelated to a sale of ilie Note. If there is a change of tlIe Loan
<br />Servicer, Borrower will be given written notice of ilie change which will state the name and address of the
<br />new Loan Servicer, the address to which payments should be made and any other information RESPA
<br />requires in connection Witll a notice of transfer of servicing. If tlle Note is sold and thereafter ilie Loan is
<br />serviced by a Loan Servicer 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 Servicer and are not
<br />assumed by tlle Note purchaser unless otllerwise provided by ilie Note purchaser.
<br />Neiilier Borrower nor Lender may commence, join, or be joined to any judicial action (as eiilier an
<br />individual litigant or the member of a class) that arises from the oilier party's actions pursuant to tllis
<br />Security Instrwnent or iliat alleges that the other party has breached any provision of, or any duty owed by
<br />reason of, this Security Instrument, until such Borrower or Lender has notified tlle otller party (with such
<br />notice given in compliance WitlI tlIe requirements of Section 15) of such alleged breach and afforded tlle
<br />oilier party hereto a reasonable period after the giving of such notice to take corrective action. If
<br />Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to Borrower pursuant to Section 22 and ilie notice of acceleration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of iliis Section 20.
<br />21. Hazardous Substances. As used in iliis Section 21: (a) "Hazardous Substances" are iliose
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and ilie
<br />following substances: gasoline, kerosene, other tlammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
<br />(b) "Enviromnental Law" means federal laws and laws of the jurisdiction where the Property is located iliat
<br />relate to healili, safety or environmental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental
<br />Condition" means a condition iliat can cause, contribute to, or otherwise trigger an Enviromnental
<br />Cleanup.
<br />Borrower shall not cause or permit tlle 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,
<br />nor allow anyone else to do, anyiliing affecting tlIe Property (a) that is in violation of any Environmental
<br />Law, (b) which creates an Enviromnental Condition, or (c) which, due to the presence, use, or release of a
<br />Hazardous Substance, creates a condition tlIat adversely affects the value of the Property. TIle preceding
<br />two sentences shall not apply to tlIe presence, use, or storage on ilie Property of small quantities of
<br />Hazardous Substances tllat are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of tlIe Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
<br />or oilier action by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or EnvirolIlnental Law of which Borrower has actual knowledge, (b) any
<br />Enviromnental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (c) any condition caused by tlIe presence, use or release of a
<br />Hazardous Substance which adversely affects ilie value of the Property. If Borrower learns, or is notified
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<br />_ -6(NEII0005}
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<br />Initials: 'Ql\. \{ f
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<br />Page 12 of 15
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<br />Form 3028 1/01
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