Laserfiche WebLink
2oioos25s <br />shall remain fully effective as if no acceleration had occurred. However, this right ta reinstate shall not <br />apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Laan Servicer; Notice of Grievance. The Note or a partial interest in <br />the Note (Wgether with this Security Instrument) can be sold one or more times without prior nc�tice to <br />Borrower. A sale might result in a change in the entity (knawn as the "Loan Servicer") that collects <br />Periodic Payments due undcr the Note and this Security Instrument and performs other mortgage loan <br />servicing obligations under the Note, this Security Instrumcnt, and Applicable Law. Thcre alsa might be <br />one or more chan�es of tl�e Lozn Servicer unrelated tU a sale of the Note. If thcre is a change of the Loan <br />Servicer, Borrower will be given written notice of the change which will state the name and address of the <br />new Loan Servicer, tll� address to which paymcnts shc�uld be made and any other infc�rrnation RESPA <br />requires in connection with a notice of transfer of servicing. If the Nate is sold and thereafter the Laan is <br />serviced by a Loan Servicer ather than the purchaser of thc Nate, the martgage loan servicing obligatians <br />to Borrower will remain with the Loan Servicer or be transferrcd tq a successor Loan Servicer and are nc>t <br />assumed by the Note purchaser unless otherwise provided by tht; Note purchaser. <br />Neither Borrowcr nor Lender may commence, join, or be jained to any judicial action (as either an <br />individual litigant or the member of a class) that arises from thc; c�ther party's actions pursuant to this <br />Security Instrument or that alleges that the other party has breachc:d any pravision of, or any duty owed by <br />reasan of, this Security Instrum�nt, until such Borrower or Lender has noti�ed the ather party (with such <br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the <br />c�thcr party hereto a reasonable period after the giving of such notice to take carreetive aetion. If <br />Applicable Law provides a time period which must elapse before certain action can bc taken, that time <br />period wilt bc: deeir�ed to be reasonable for purpos�s of' this paragraph. The notice of acceleration �nd <br />opportunity to cure given to Borrower pursuant ta Section 22 and the notice of accelcratian �iven to <br />Borrower pursuant to Sectian 1$ sh�ll be deemed to satisfy the notice and opportunity tc� take corrective <br />action provisions of this Scctian 20. <br />Z1. Hazardaus Substances. As used in this Section 21: (a) "Hazardous Substances" are those <br />substances defined as toxic or hazardous substances, pollutants, or wastes by Enviranmental Law and the <br />following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides <br />and herbicides, volatile solvcnts, materials containing asbestos or formaldehyde, and radioactiv� it�aterials; <br />(b) "Environmental Law" mcans federal laws and laws of the jurisdiction where the Property is lncat�d that <br />relat� to health, safety or environmc�nta► pratection; (c) "Environmental Cleanup" includcs any respanse <br />action, remedial aetion, or removal acticm, as defined in Environmental Law; and (d) an "�nvironmental <br />Condition" means a condition that can cause, c<>ntribute to, or otherwise trigger an Environmentdl <br />Clcanup. <br />Borrower shall nc�t causc or permit the presence, use, disposal, storage, c�r relcasc of any Hazardous <br />5ubstances, or threatcn to release any Hazardous Substances, on or in the Property. Barrower shall not do, <br />nor ailow anyone clse to do, anything affecting the Property (a) that is in violation of any Environmental <br />Law, (b) which creates an Environmantal Condition, or (c) which, due ta the presence, use, or release of a <br />Hazardous Substancc, creates a condition that adverscly affects the valua af the Property. 7'he preceding <br />two sentences shall not apply ta the presence, use, or storage on the Property af small quantities of <br />Hazardous Substances that are generally recognized to be appropriate to nonnal residential uses and ta <br />maintenance of the Property (ii�cludin�;, but nat limited to, hazardous substances in consumcr products). <br />Borrower shall promptly give I,ender written natice of (a) any investigation, claim, demand, lawsuit <br />or other action by any �overnmc:ntal or regulatory agency or private party invc�lvin�; th�: Praperty and any <br />Hazardous Substance or �nvironmental Law of which $orrower ha.5 actual knowledge, (b) any <br />Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of <br />release c>f any Haz��rdous 5ubstance, and (c) any condition caused by the presence, use or release of a <br />Hazardous 5ubstance which adversely affects the value of the Property. lf Borrower learns, or is notified <br />�-6(NE) �oao��.o2 <br />� <br />P�e 12 af 15 <br />� <br />�is: <br />F�����1-Y��YIt: <br />Form 3028 1I01 <br />