<br />200802938
<br />
<br />shall remain fully effective as if nO acceleration had occurred. However, this right to reinstate shall not
<br />apply iI1 the ease of acceleration uncler Section 18.
<br />20. Sale of Note.; CbaDge of Loan Servicer; Notice of Grievance. The Note or a partial jIlICrcst in
<br />the Note (together with this Security Inst1'l1Illent) can be sold one or more times without prior notice to
<br />Borrower. A sale migbt result in a change In the entity (bawn as the "Loan Scrvicer") that collects
<br />Peri~ Paym.ents o.ue under the Note and this Security InstruJJ1Cl1t and performs o\hcr mortgalle loan
<br />servicing obligations under the Note. this Security Instroment, and Applicable Law. There also might be
<br />one or more cbanles of the LollD SCIVicer unTClatcd to a sale of the Note. If there is a change of thl: Loan
<br />Servicer, Borrower will be given written notice of the change whicb will state the name and address of the
<br />new Loan Servicer, the address to which payments should be made and any other information RESP A
<br />requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
<br />serviced by a Loan ~ieer other than tbe purchaser of the Note, the moItsage loan scrvic;ng obligations
<br />to Borrower will remain witb the Loan Servicet or be ttanSfetred to a successor Loan Setvlcer and are not
<br />ass1,lQ1Cd by the Note purchaser unless otherwi.sc provided by the Note purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as eithcr an
<br />individuallitiCant or the meJnber of a class) that arises from the other party's actions pursuant to this
<br />Security Instroment or that alleJes that the other party has breached any provision of, or any duty owed by
<br />reason of, this Sccurity Instrument, until such Borrower or Lender has notified the other party (with such
<br />notice given in compliance with the requiremenl.s of Section 1S) of such alleged breach and afforded the
<br />other party hereto a rl:asonable period. after the givinl of such notice to take corrective action. If
<br />Applicable Law pro~ a time period which must elapse before certain action can bc taken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. The no lice of acce1enuon aDO.
<br />oppomm;ty to CIlIC given to Borrower purslW1t to Section 22 and the notice of acceleration Jivcn to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and oppommity to take corrective
<br />action provisions of this Section 20.
<br />21. lla:tardous Substances. As \lScd In this Section 21: (a) "HazardouS Substances. are those
<br />substances definoo as toxic or hazardous substanCeS, pollutants, or wastes by BnvironmcIltal Law and the
<br />following substances: gasoline, kerosene, other flammable or toxic petrolemJl products. toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive U181erials;
<br />(b) "Environmental Law. means fcderallaws and laws oftlle jurisdiction where the Property is located that
<br />relate to health, 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 tbat can cause, contribute to. or otherwise trigger an Environmental
<br />Cleanup.
<br />Borrower shall not cause or peITllit the presence. use, disposal, storage. or release of any Hazardous
<br />Substances, or threaten to release any Hazardous SUbstances, on or in thc l'roperty. Borrower shall not do,nor allow anyone else to do, anything affecting the Property (a) that is in
<br /> violation of llDY Environmental
<br />Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use. or release of a
<br />Hazardous Substance, creates a condition thaI adversely affects the value of the Property. The preceding
<br />twO semences shall not apply to the presence, use, or storage on the Property of small quantities of
<br />Hazardous Substances that ere generally recogni%ed to be appropriate to normal residential uses and to
<br />raaintenance of the Propeny (Including, but not limited to, hazardol,lS substances in consumer products).
<br />Borrower shall promptly give Lender writtl:ll notice of (a) any invcstiJ:'ation, claim. demand, lawsuit
<br />or otbe.r action by any lovemmental or re~latory agency or private party involving the Property and any
<br />HazaroollS Substanee or Environmental Law of which Borrower has actwIl knowledp. (b) any
<br />Environmental Condition, including but Dot limited to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br />Hazardous Substance which adversely affects the value of the Property. If Borrower leaIIlS, or is notified
<br />
<br />Gt-6INEl10407J.02
<br />
<br />PlI!l' 12 of"
<br />
<br />_~ 01'0280022
<br />
<br />
<br />--f I ~ .... 3028 1101
<br />
<br />'i
<br />
|