|
R~-R~coRpEo
<br />2oooos3is
<br />200801439
<br />shall remain folly effective as if no acceleration had occurred _ However, this right tq reinstate shall not
<br />apply in tb,e case of acceleration under Sectiota l$.
<br />2U. Sale of Note; Glaange of Loan Servicer; NgtaiCe of G'rris~v'ance. The ~tOte or a partial interest iaa
<br />the Note (together with this Security Instrument) Can be sold orle pT mgre times without prior aatace to
<br />$orrower. A sale might result in a change in the eruity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br />servicing vbligatioxls undez the Note, this Security Instrument, and Applicable Law. Thew also might be
<br />one or mare changes of the Loan 5ervicer unrelated to a sale a£ the Nate. I£ there is a change of the Loan
<br />Servieer, Harrower will be given written nor;^a 4f the change which will state the name and address of the
<br />new X.vata Scxvicer, the address to which payments should be made and any other information RESPA
<br />requires in cotaueCtion with a. notice of txaasfer of s~kcing. If tine Nate is sold and thereafter the Loma is
<br />serviced by a Loan Servicer other Haan the purchaser of the Dote, the aaortgage loan servicing obligations
<br />to Borrower will rerv;aiua with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Notc purchaser unless otherwise provided by the Note purchaser.
<br />=~~. Neitk>,er Harrower nor Lender may comaaence, join., ar be joined to any judicial activaa (aS either an
<br />vps ^x~ F~ ,~ 'victual litigant or the member of a Class) that arises $orra we other paaay's actions pursuant i0 thi5
<br />~, ~~`~ 'ry Instrument or that alleges that the other party has breached any provision of, or any duty awed by
<br />~a ~.. af, this 5ecuxity Instrtr~uCnt, until such Borrower ar Lender lass natifaad the other party (with suela
<br />~l~!~,~°~ ~~~~ tip iwen in compliance with the tegpinemeats of section 15} of such alleged breach and afforded the
<br />~~~~~~ ~,,, et' arty hereto a reasonable period after We giving of such notice to take Corrective action. If
<br />~,r.~~~`,r ppli~able Law provides a time period which. must elapse before certain action can be taken, that time
<br />°'~-~~~~.'' Per'l~ .will be deemed to be reasonable fa; purposes of this paragraph. The notice of acceleration end
<br />"~ ~'~ ` ~~~ ' rtwnity to cure given to Harrower pursuant to Section 22 Brad the notice of acceleration given to
<br />.~Ro' orrower pursusrlt to Section I$ shall be deemed to satisfy the notice and opparttiuiitp to take corrective
<br />actiozt provisions of this Section 20.
<br />21. Hazardous SttlbstanCes. A,s used in this Section 2.1: (a) "Hazardous Substances" are those
<br />substances defined as toxic or hazardous substances, pollutants, or wastes by Brtvirazamental Law and the
<br />follawixxg substances: gasoline, loerosene, other flammable or taxis petraleutn products, toxic pesticides
<br />and herbicides, volatile solvents, rnatetials contelaiaag asbestos or formaldehyde, and radioactive materials;
<br />(b) "Environmental Law" means Federal laws and laws of the jurisdiction where the Property is located that
<br />relate to ]wealth, safety or cnvirOnumental protection; (c) "Faavironmcntal Cleanup" iaaCludes any response
<br />action, retanedial action, or removal action, as defined in lrnvimatneaatal Law; and (d) an "Paavh-onmental
<br />Condition'" means a condition that can Cause, coaatribute ta, or otherwise trigger an ~ovironmentak
<br />Cleanup.
<br />>3orrower shall not cause or permit the pzesa~nCe, use, disposal, storage, or release of nay Hazardous
<br />Substances, or threaten t4 release any Har~rdaus Substances, on or in the Fropesty. Horrower shall rat do,
<br />nor allow anyone else to da, anything atfecti~g the Property (a) tbaar is in violation of say Environmental
<br />Law, (b) which Creates an lrnvironmeataal Condition, or (c) which, due to rbe presence, use, or release of a
<br />IiaxaadOUS Substance, Creates a Condition that adversely affects the value of the Property. Tlae preceding
<br />two sentences shall not apply to the vresence, use, or storage oa the l'~roperty of small quantities of
<br />ldazardaug Substances that are generally racAgnized to be agprapriare to normal residential uses and to
<br />mainrera,ance of the Property (iariCluding, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give J endear written notice of (a.) ~y investigation, claixa, demand, lawsuit
<br />or other action by any governmental yr regukatary agency qr private party involving the Property and any
<br />Hazardous Substance or Etavixonmental Law of which Sarrowe; has actual knowledge, (b) any
<br />Environmental Condition, includitag bus not limited to. any spilling, leaking, discharge, release or threat of
<br />release of any hazardous Substance, and (c) any Condition caused by floe presence, use or release of a
<br />I•Iazardous Substance which adversely affects the value of the Property. If Bo~ta;ower learns, or is notified
<br />~~ 6{NE) f8445a Page rZ of tb Form $0~8 i/01
<br />
|