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<br />200803233
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<br />shall remain fully effective as if no acceleration had occurred. However, this 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 (togetber with this Security Instl1lment)can . be sold one or more times without prior notice to
<br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instrument and perfonns other 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 the Note. If there is a change of the Loan
<br />Servicer ,Borrower will be given written notice of the charige 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 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 Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the l.oan Servicer or be transferred to a successor Loan Servicer and are .not
<br />assumed by the Notepurohaser UnlellsotheI'\Vise. provided by the Note purchaser. . .. .
<br />Neither Borrower nor Under may cODlIIl,ence, join, or be joined to any judicial action (as either an
<br />individual litigant or the member of a class) thalarises from the other party's actions pursuant to this
<br />Security Instrument or tbatallegesthat 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 the other party (with such
<br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the
<br />other party hereto a reasonable 'period after the. giving. of . such notice to tlikecolTective. action. .If
<br />Applicable Law provides a time periOd which must elapse before certain actioncM. be taken; that time
<br />period win be doomed to be reasonable for purposes of this paragraph. The notice of acceleration and
<br />opportunity to cure given to BOfrowerpursuant to Section 22 and. the 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 this Section 20. .
<br />21. Hazardous SubsUuIccs. As used in this Section 21: (a) "Hazardous Substances" are those
<br />substances defmed as toxic or hazardous substanccs, pollutants, or wastes by Environmental Law. and the
<br />following substances: gasoline, kerosene; other flammable or toxlc petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and radioactive materials;
<br />(b) "Environmental Law" means federal lawS and laws of the jurisdiction where the Property is located that
<br />relate to health, safety or environmental pn;)tection; (c) "Environmental Oeanup" includes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental
<br />Condition" 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 aily Hazardous Substances, on or in the Property. Borrower shall not do,
<br />nor allow anyone else to do, anything affecting the Property (a) that is in violation of any 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 that adversely affects the value of the Property: The preceding
<br />two sentences shall not apply t()the presence, lise, or storage on the Property of small quantities of
<br />Hazardous Substances that are generally recognized to be appropriate to normal . residential 'uses and to
<br />maintenance of the 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 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) lmy
<br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br />release of any Hazardous ,Substance, and (c) any.oondition caused by the presence, use or release of a
<br />Hazardous Substance which adversely affects. the value of the Property. If Borrower learns, or is notified
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<br />Initi.'$:~rJt
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<br />0110280078
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<br />CIIl*6INEJ (0407).02
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<br />Form 3028 1101
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